Rio Tinto mulls sale of titanium unit amid weak prices and low returns, as incoming CEO Simon Trott prepares to review group strategy. Rio Tinto is considering a possible sale of its titanium unit due to weak prices and low returns, three sources said, just as incoming CEO Simon Trott will weigh up a restructuring… Continue reading Rio Tinto weighs sale of titanium business, sources say
Author: Economic Times of India Online News
Clean tech exports hit ₹54,000 crore; green jobs projected to touch 35 million by 2047
India’s clean energy sector added 1.9 million jobs in five years, reaching 5.1 million in 2022–23; exports surged to ₹54,000 crore, says CREA report. India’s clean energy economy has created over 5.1 million jobs by the end of 2022-23, up from 3.2 million in 2017-18, reflecting an increase of nearly 1.9 million jobs over five… Continue reading Clean tech exports hit ₹54,000 crore; green jobs projected to touch 35 million by 2047
Indian automobile industry may grow by 6-7% in FY26 amid damp consumer demand: Report
The top Tata Motors executive had said that the company will strengthen its value proposition of its existing EV products, in terms of value-price equation. The Indian automobile sector is expected to grow by 6-7 per cent in the fiscal year (FY26) amid damp consumer demand across most vehicle categories, according to a report by… Continue reading Indian automobile industry may grow by 6-7% in FY26 amid damp consumer demand: Report
Subsidy on EVs below 40 lakh to be restored
EV subsidy for models under ₹40 lakh to be restored, says minister Rao Narbir Singh, aiming to ease costs for middle-class buyers and boost green mobility. The subsidy on electric vehicles (EVs) priced below Rs 40 lakh is set to be restored. At present, a subsidy of up to 15% is available only on EVs… Continue reading Subsidy on EVs below 40 lakh to be restored
Delhi’s vehicles equal that of Mumbai, Kolkata & Chennai
Delhi’s vehicle count tops 1.5 crore, equalling Mumbai, Kolkata and Chennai combined, underscoring the capital’s mounting traffic burden. At more than 1.5 crore, the number of registered vehicles in Delhi matches the combined total of registered vehicles in the three metropolitan cities of Mumbai, Kolkata, and Chennai, road transport ministry data has revealed, highlighting the… Continue reading Delhi’s vehicles equal that of Mumbai, Kolkata & Chennai
UK auto production to drop 15% in 2025, recovery expected in 2026, SMMT data shows
Britain’s vehicle output is set to drop 15% in 2025 due to global trade disruptions, but a recovery is expected in 2026, industry data shows. Britain’s new vehicle production is expected to decline by 15 per cent in 2025, weighed down by global trade disruption; however, a reversal is expected the next year, industry data… Continue reading UK auto production to drop 15% in 2025, recovery expected in 2026, SMMT data shows
Transport & environment depts studying ban on overage vehicles, to submit report
Delhi govt reviews end-of-life vehicle norms and enforcement impact; may file SC review petition based on findings from transport and environment departments. Delhi govt asked its transport and environment departments to study the current guidelines on end-of-life vehicles, enforcement against overaged vehicles and the reaction of the public and stakeholders to the action. Govt will… Continue reading Transport & environment depts studying ban on overage vehicles, to submit report
Magnet mayhem could halt Bajaj aug EV output
Bajaj Auto may face zero production in August for Chetak and GoGo EVs due to rare earth magnet shortage amid China’s export curbs, says MD Rajiv Bajaj. Bajaj Auto could have a “zero month” in August for its electric scooter Chetak and electric three-wheeler GoGo because of the shortage of rare earth magnets, managing director… Continue reading Magnet mayhem could halt Bajaj aug EV output
India–UK CETA set to boost auto industry through tariff-free access, mobility gains
For OEMs, MSMEs, & EV startups, the deal offers opportunity to scale operations, enter new export markets, & forge joint ventures, accelerating adoption of green & intelligent transport solutions. The signing of the India–UK Comprehensive Economic and Trade Agreement (CETA) on Thursday is expected to significantly benefit the Indian automobile and auto components industry, with… Continue reading India–UK CETA set to boost auto industry through tariff-free access, mobility gains
Tata Group to focus on chips, digital platforms, EVs: Chandrasekaran
Tata Sons Chairman, N Chandrasekaran, has said that the company’s main goal is to scale up its manufacturing excellence in semiconductors, electric vehicles, digital platforms and financial services. In the company’s 2025 annual report, he said that Tata Electronics, which makes an annual revenue of ₹66,000 crore, is focusing on building a vertically integrated ecosystem… Continue reading Tata Group to focus on chips, digital platforms, EVs: Chandrasekaran