VinFast also aims to establish 35 dealerships across 27 cities this year & in partnership with others, build 15,000 charging stations nationwide to strengthen EV ecosystem. Vietnam’s VinFast has entered the Indian passenger vehicle market with the launch of its first two electric SUVs — the VF 6 and VF 7 — priced at ₹16.49… Continue reading VinFast launches VF 6, VF 7 EVs in India, plans e-buses, two-wheelers and plant expansion
Author: Economic Times of India Online News
China’s probes on EU products following EV tariffs
The decision is only preliminary and could theoretically be changed before the investigation ends in December. The Chinese commerce ministry has imposed anti-dumping measures on imports from the European Union, deepening trade tensions which spiked when the bloc imposed tariffs on China-made electric vehicles. In July, the EU introduced provisional tariffs of up to 37.6… Continue reading China’s probes on EU products following EV tariffs
South Korea expresses ‘concern’ over US immigration raid at Hyundai’s Georgia plant
Operations at Hyundai’s EV manufacturing plant weren’t interrupted, said plant spokesperson Bianca Johnson. South Korea on Friday expressed “concern and regret” over a major US immigration raid at a sprawling Georgia site where South Korean auto company Hyundai manufactures electric vehicles. South Korean Foreign Ministry spokesperson Lee Jaewoong described the number of detained South Koreans… Continue reading South Korea expresses ‘concern’ over US immigration raid at Hyundai’s Georgia plant
US appeals court voids Biden-era electric vehicle fuel economy rule
They also said encouraging EV sales makes it more costly to maintain roads, because EVs are heavy and cause more wear and tear. A US appeals court on Friday voided a Biden administration-era rule that changed the calculation of the petroleum-equivalent fuel economy of electric vehicles, a victory for 13 Republican state attorneys general who… Continue reading US appeals court voids Biden-era electric vehicle fuel economy rule
Canada to give automakers a break on EV sales target, offers tariff aid
The order came while hearing a Public Interest Litigation (PIL) filed by Jan Seva Welfare Society. Canada on Friday said it was waiving a requirement that 20 per cent of all vehicles sold next year be emissions-free, part of an aid package designed to help companies deal with damage done by US tariffs. The 20… Continue reading Canada to give automakers a break on EV sales target, offers tariff aid
South Koreans are among hundreds detained in immigration raid at Hyundai EV plant
The immigration operation brought construction to a halt at the battery plant, known as HL-GA Battery Co. Immigration authorities arrested hundreds of workers for a major South Korean battery maker at a Hyundai plant in Georgia, US officials said Friday, calling it the largest ever Homeland Security enforcement operation at a single location. Agents on… Continue reading South Koreans are among hundreds detained in immigration raid at Hyundai EV plant
Equity indices end flat as IT weakness offsets auto gains
Among broader indices, the Nifty Midcap 150 edged up 0.1 per cent , while the Nifty Smallcap 250 fell 0.23 per cent . Equity indices ended almost flat on Friday in choppy trading as weakness in information technology stocks hit by US tariff concerns offset gains in auto shares driven by optimism around GST cuts.… Continue reading Equity indices end flat as IT weakness offsets auto gains
Companies may fire up output by 25% to feed festive frenzy
Small car sales should start rising following the GST cuts, said RC Bhargava, chairman, Maruti Suzuki. Car, two-wheeler and consumer electronics makers in India are increasing production by as much as 25 per cent, anticipating that GST cuts on various products will trigger a surge in demand that will be sustained at least until Christmas.… Continue reading Companies may fire up output by 25% to feed festive frenzy
US immigration officers raid Georgia site where Hyundai makes electric vehicles
Operations at Hyundai’s EV manufacturing plant weren’t interrupted, said plant spokesperson Bianca Johnson. US immigration authorities on Thursday raided the sprawling site where Hyundai manufactures electric vehicles in southeast Georgia, conducting a search that shut down construction on an adjacent factory being built to produce EV batteries. The operation targeted one of Georgia’s largest and… Continue reading US immigration officers raid Georgia site where Hyundai makes electric vehicles
Two-wheeler, passenger vehicle sales to rise on GST cut: Crisil Ratings
In April–August of the current fiscal, two-wheeler volumes were flat at 0–1 per cent growth, while PV sales declined 3–4 per cent. Two-wheeler sales are expected to grow 5–6 per cent this fiscal, while passenger vehicles (PVs) may see a 2–3 per cent rise, aided by the GST Council’s move to rationalise tax rates on… Continue reading Two-wheeler, passenger vehicle sales to rise on GST cut: Crisil Ratings