The report outlines four key strategic areas for development: policies and incentives, extraction processing technologies, supply chain integration, and capacity building. India plans to maximise the auction of critical mineral blocks by 2031, advancing its strategic push to secure domestic supply chains for minerals essential to the country’s green energy and technology sectors. Speaking at… Continue reading We aim to auction as many critical mineral blocks as possible by 2031: Satish Chandra Dubey
Author: Economic Times of India Online News
India to cap investment in EV charging for tariff relief as Tesla entry looms, document shows
The government’s plan comes just as Tesla gets closer to entering India with imported cars, having finalised two locations for showrooms. India’s EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing, a government… Continue reading India to cap investment in EV charging for tariff relief as Tesla entry looms, document shows
Bajaj Auto board gives nod to infuse Euro 150 million in Netherlands-based arm
Bajaj Auto through BAIH BV holds a 49.9% stake in its associate – – Pierer Bajaj AG (PBAG) in Austria. Bajaj Auto Ltd on Friday said its board has approved an investment of up to Euro 150 million (Rs 1,364 crore) in its wholly-owned arm, Bajaj Auto International Holdings BV, Netherlands, to fund the needs… Continue reading Bajaj Auto board gives nod to infuse Euro 150 million in Netherlands-based arm
GIS 2025: Madhya Pradesh to showcase its auto-testing track to lure EV makers
Madhya Pradesh is known for its industries that come up with high-end products but it currently lacks a car manufacturer of international repute. Buoyed up with the successful completion of NATRAX — a pioneering automotive testing and certification centre under the National Automotive Testing and R&D Infrastructure Project (NATRiP) — Madhya Pradesh will lure car… Continue reading GIS 2025: Madhya Pradesh to showcase its auto-testing track to lure EV makers
Electric transport groups urge EU not to ease CO2 emission rules
EU automakers say the problem they face is a shortage of demand, due in part to consumer concerns about inadequate charging infrastructure. The European Union should reject European automakers‘ push to weaken 2025 CO2 car emission targets and related fines, two European electric transport groups wrote in a letter to European Commission President Ursula von… Continue reading Electric transport groups urge EU not to ease CO2 emission rules
India’s auto industry set for moderate growth; premium/SUVs to do better than mass segment: Nomura
India’s auto industry is set for moderate growth, with the two-wheeler and premium car segments expected to perform better than the mass-market car segment. India‘s passenger vehicle (PV) industry is expected to grow steadily over the next three years, according to a report by Nomura. The report forecasted a growth rate of 1.5% in FY25,… Continue reading India’s auto industry set for moderate growth; premium/SUVs to do better than mass segment: Nomura
Rupee to benefit as dollar eases to year-to-date lows, eyes portfolio flows
The local currency had climbed to a peak of 86.47 last week, largely on the back of heavy-handed intervention by the Reserve Bank of India. The Indian rupee is expected to open modestly stronger on Friday, benefiting from a broadly weaker dollar that was weighed down by positional adjustments as traders recalibrated their expectations about… Continue reading Rupee to benefit as dollar eases to year-to-date lows, eyes portfolio flows
Battery storage to play key role as EV charging demand set to reach 38 TWh by 2032: Report
The expansion of battery storage is expected to play a crucial role in balancing the grid and ensuring reliable power supply as the country moves towards its EV adoption and clean energy goals. India will require 47 GW/237 GWh of Battery Energy Storage Systems (BESS) and 26 GW of pumped hydro storage to support the… Continue reading Battery storage to play key role as EV charging demand set to reach 38 TWh by 2032: Report
India may offer on-tap facility for EV manufacturing, letting cos test waters first
Updated On Feb 21, 2025 at 08:16 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Automakers interested in the scheme had previously raised concerns about the quantum of investments specified in EV-only facilities. New Delhi: India could offer an on-tap facility for manufacturing electric vehicles under the soon-to-be-announced guidelines for the… Continue reading India may offer on-tap facility for EV manufacturing, letting cos test waters first
Electric penetration in India’s public transportation sector to reach up to 40% by FY30: ICRA
The central government has rolled out several schemes, including the PM e-Bus (electric buses) Sewa, to support the electrification of public transport. Electric-powered public transportation could act as a major contributor in the Government of India’s vision of transitioning from conventional fuels such as diesel and petrol to sustainable alternatives for powering economic growth. According… Continue reading Electric penetration in India’s public transportation sector to reach up to 40% by FY30: ICRA