In terms of vehicle types, two-wheelers saw an increase from 2,090 last Diwali to 2,145 this year. The Nashik Regional Transport Office registered 3,679 vehicles during Diwali between Oct 17 and 24, representing a marginal 2 per cent increase compared to last year’s registration of 3,597 vehicles between Oct 28 and Nov 3. Senior officials… Continue reading Nashik RTO logs slight rise in vehicle registrations during Diwali
Author: Economic Times of India Online News
Uttarakhand to levy green tax on out-of-state vehicles from December
State Additional Transport Commissioner said that ANPR cameras installed along the state’s borders will be used to capture registration details of all incoming vehicles. Uttarakhand will begin collecting a green tax from vehicles entering the state from December as part of efforts to curb pollution, protect the environment, and promote cleanliness, officials said as per… Continue reading Uttarakhand to levy green tax on out-of-state vehicles from December
Motilal Oswal sees Maruti Suzuki, Endurance Technologies as top bets in post-GST auto rebound
Healthy EBITDA margin of 10.4 percent reflects favorable mix and cost discipline. Profit after tax grew two percent year-on-year to ₹37.1 billion, aided by higher other income from forex and commodity hedge gains. The Indian automobile sector has entered a phase of cautious optimism following the Goods and Services Tax (GST) rate cuts that reignited… Continue reading Motilal Oswal sees Maruti Suzuki, Endurance Technologies as top bets in post-GST auto rebound
Brussels to host EU-China talks on rare earth export controls
China produces around 90% of the world’s processed rare earths and rare earth magnets. European Union and Chinese officials will meet in Brussels next week looking to smooth trade tensions, notably China’s expansion of controls on rare earth exports that threaten to damage important EU manufacturing sectors such as the automotive industry. European Trade Commissioner… Continue reading Brussels to host EU-China talks on rare earth export controls
Improving demand, falling stocks propel China lithium to a two-month high
Robust growth in the electric vehicles sector underpinned demand for the battery material. Lithium carbonate futures prices in China hit a two-month high on Friday, boosted by falling stocks and improving demand from the electric vehicle and energy storage sectors, analysts said. The most active lithium carbonate futures contract on the Guangzhou Futures Exchange touched… Continue reading Improving demand, falling stocks propel China lithium to a two-month high
7,000 vehicles fined in three weeks for illegal parking in Gurgaon
According to the police, the first-time violator is fined ₹500 and the second-time offender is fined ₹1,500, following which the vehicle can be impounded in case of repeated offences. Traffic police identified 7,035 vehicles parked in the wrong spots between Oct 1 and Oct 23 and issued challans under the Motor Vehicles Act. Fines amounting… Continue reading 7,000 vehicles fined in three weeks for illegal parking in Gurgaon
NHAI directs toll plazas to display information on monthly, annual travel passes
The move aims to improve user experience, making highway travel more economical, and enhancing transparency. In a move to enhance transparency and improve user awareness, the National Highways Authority of India (NHAI) has directed its field offices to prominently display information about the ‘Local Monthly Pass’ and ‘Annual Pass’ at all fee plazas under its… Continue reading NHAI directs toll plazas to display information on monthly, annual travel passes
Rivian Automotive to cut over 600 jobs as EV demand flags after tax credits expire
Rivian to cut 4.5% of workforce, over 600 jobs, as EV sales face slowdown after expiry of $7,500 US federal tax credit. Rivian Automotive is laying off 4.5 per cent of its workforce, or over 600 employees, an internal email showed on Thursday, as the electric-vehicle maker contends with weakening demand following the expiry of… Continue reading Rivian Automotive to cut over 600 jobs as EV demand flags after tax credits expire
Toshiba debuts 24V SCiB battery for automotive, marine, and heavy equipment
SCiB batteries are recognised for their high safety, rapid charging, robust input/output capabilities, and wide usable state-of-charge range, making them suitable for mobility, industrial, and energy storage solutions. Toshiba, a Japanese multinational electronics company, on Friday said it has launched its latest SCiB 24V battery pack (P25H20-3), a lithium-ion solution designed for automotive, marine, and… Continue reading Toshiba debuts 24V SCiB battery for automotive, marine, and heavy equipment
Hyundai Motor India Foundation partners with Gurugram police to transform traffic management
The Traffic Engineering Centre has conducted a detailed scientific audit of the 24 intersections. Hyundai Motor India Foundation (HMIF), in collaboration with Gurugram Traffic Police, the Institute of Road Traffic Education (IRTE), and other civic agencies, has launched a comprehensive initiative to overhaul traffic management across 24 major intersections in Gurugram. Work has already begun… Continue reading Hyundai Motor India Foundation partners with Gurugram police to transform traffic management