India has set a target of achieving 30 per cent EV penetration by 2030 as part of its strategy to cut dependence on fossil fuels and lower emissions. Union Minister for New & Renewable Energy Pralhad Joshi will inaugurate a state-of-the-art electric vehicle (EV) testing facility at the Alipore Regional Laboratory in Kolkata on Wednesday,… Continue reading Pralhad Joshi to inaugurate advanced EV testing facility in Kolkata
Author: Economic Times of India Online News
World EV Day: Madhya Pradesh CM pitches state as future EV hub, announces incentives and EV promotion board
With existing battery manufacturing, assembly plants and supply chain networks, the state aims to position itself as an EV hub. Madhya Pradesh Chief Minister Mohan Yadav on Monday said the state is ready to represent the future of electric vehicle (EV) transportation, becoming the first in India to roll out a dedicated EV policy. His… Continue reading World EV Day: Madhya Pradesh CM pitches state as future EV hub, announces incentives and EV promotion board
TaMo, M&M lead auto rally with price cuts seen driving demand
Chandak said he expects double-digit growth across segments like small cars, midsize SUVs and two-wheelers. The rally in shares of automobile makers gathered steam on Monday, fuelled by expectations that the vehicle price cuts following the reduction in Goods and Services Tax (GST) last week would boost demand. Tata Motors and Mahindra & Mahindra gained… Continue reading TaMo, M&M lead auto rally with price cuts seen driving demand
Hyundai factory raid in Georgia leads to detention of hundreds of South Korean engineers
Spokespersons for Hyundai’s Georgia EV factory and the adjacent battery plant did not immediately reply to an email message seeking comment. A lawyer for several workers detained at a Hyundai factory in Georgia says many of the South Koreans rounded up in the immigration raid are engineers and equipment installers brought in for the highly… Continue reading Hyundai factory raid in Georgia leads to detention of hundreds of South Korean engineers
Renault to add cheaper batteries for affordable EVs, says CEO Francois Provost
Renault CEO Francois Provost French automaker Renault will introduce more affordable batteries for EVs and speed up development times for all models to better compete with Chinese rivals, CEO Francois Provost said Monday. Speaking to journalists for the first time since his appointment as CEO in July, Provost said the company has benchmarked itself against… Continue reading Renault to add cheaper batteries for affordable EVs, says CEO Francois Provost
Chandigarh’s fancy number plates: A status symbol worth more than your vehicle
In Chandigarh, fancy number plates have become status symbols, sometimes costing far more than the scooters or cars they’re attached to. What if your scooter cost just ₹50,000, but the number plate flaunted a ₹15 lakh price tag? Sounds absurd? Not in Chandigarh, where registration numbers are more than just digits — they’re status symbols.… Continue reading Chandigarh’s fancy number plates: A status symbol worth more than your vehicle
VinFast India partners with Axis Bank to deliver comprehensive EV financing solutions
VinFast Auto India has signed an MoU with Axis Bank to provide auto and inventory financing for its dealer network ahead of its upcoming launch. VinFast Auto India, a subsidiary of the global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with Axis Bank, one of the largest private sector banks in India,… Continue reading VinFast India partners with Axis Bank to deliver comprehensive EV financing solutions
New Stellantis CEO calls for EU to help support car sector
Stellantis CEO Antonio Filosa has urged the EU to adopt flexibility in its EV transition to protect the auto industry. The new chief executive of carmaker Stellantis has urged the European Union to show flexibility on the transition to electric vehicles in order to protect the auto industry. “A strategic dialogue is very important, but… Continue reading New Stellantis CEO calls for EU to help support car sector
From boardroom to policymaking: How Rama Shankar Pandey is bridging two worlds
Rama Shankar Pandey For over two decades, Rama Shankar Pandey built his name in India’s automotive sector. At Hella India Lighting Ltd and later at Tata Green Batteries, he steered businesses through competitive markets– known for sharp strategy and operational discipline in boardrooms. This week, at the Valedictory Function of the MoSJE Cohort 2024-25 in… Continue reading From boardroom to policymaking: How Rama Shankar Pandey is bridging two worlds
Iron ore gains on lower shipments, strong China steel exports
By 0831 GMT, the benchmark October iron ore on the Singapore Exchange was up 0.53 per cent at $105.4 a ton, the highest level since July 24. Iron ore futures rose for a fifth straight session on Monday, supported by a sharp fall in shipments from a major supplier and resilient steel exports in top… Continue reading Iron ore gains on lower shipments, strong China steel exports