Imports dropped just 1.4%, smaller than the 5.0% decline forecast and a 10.2% contraction in the previous two months. China’s exports unexpectedly surged in March, with officials flagging rising demand for electric vehicles, but analysts cautioned the improvement partly reflects suppliers catching up with unfulfilled orders after last year’s COVID-19 disruptions. Exports in March shot… Continue reading China’s exports unexpectedly rise, but economists warn of weakness ahead
Author: Economic Times of India Online News
Auto wholesales in green, 2W dispatches up 8% in March: SIAM
It may be noted that SIAM data does not include sales of Tata Motors, BMW, Mercedes, Volvo Auto. Tata Motors clocked sales of 44,044 units during March 2023. New Delhi: Domestic wholesales for all the segments including passenger vehicles, two wheelers, three wheelers and quadricycles were in green during the last month of the fiscal… Continue reading Auto wholesales in green, 2W dispatches up 8% in March: SIAM
Chevron paid its CEO USD 23.6 mn in 2022, US SEC filing shows
Mike Wirth, CEO, Chevron Chevron Corp CEO Michael Wirth was paid USD 23.6 million in 2022, a 4% increase from the prior year, according to a securities filing released on Wednesday. Chevron‘s profit more than doubled in 2022 from the previous year to a record USD 36.5 billion due to high energy prices and cost-cutting… Continue reading Chevron paid its CEO USD 23.6 mn in 2022, US SEC filing shows
Nitin Gadkari pledges INR 1,500 cr for revamping of roads in Delhi
Nitin Gadkari, Minister for Road Transport & Highways in the Government of India. Union minister Nitin Gadkari on Wednesday inaugurated an upgraded stretch between Dhaula Kuan and IGI Airport here and pledged INR 1,500 crore for revamping of roads in Delhi. Accompanied by Delhi Lieutenant Governor VK Saxena, Gadkari inaugurated the 8-km stretch revamped and… Continue reading Nitin Gadkari pledges INR 1,500 cr for revamping of roads in Delhi
Acute CNG shortage across Kolkata leaves green car owners in lurch
The situation is so dire that nearly 400 CNG vehicle owners have banded together to form a WhatsApp group to alert members if they learn CNG stock has arrived at a particular fuel station. Kolkata: Several hundred Kolkatans who have bought CNG-powered cars instead of petrol- or diesel-run ones to save on fuel costs are… Continue reading Acute CNG shortage across Kolkata leaves green car owners in lurch
Government incentives to drive EV penetration In India: Moody’s
According to a research by Moody’s Investors Service, India has the fourth-largest automobile market in the world, yet the country has only about 1% of vehicles on the road that are electric. According to Moody‘s, government incentives, including those for consumers, local battery production, state-level subsidies, and a reduction in the GST rate will all… Continue reading Government incentives to drive EV penetration In India: Moody’s
Biden admin unveils tough emissions rules to speed electric auto shift
The proposal which will next be open to a public comment period — is the latest in a series of steps under Biden, a Democrat, to help put EVs on track for mass adoption. President Joe Biden’s administration unveiled new proposed auto emissions rules Wednesday, aiming to accelerate the electric vehicle transition with a target… Continue reading Biden admin unveils tough emissions rules to speed electric auto shift
U.S. proposes 56% vehicle emissions cut by 2032, requiring big EV jump
“Factors outside the vehicle, like charging infrastructure, supply chains, grid resiliency, the availability of low carbon fuels and critical minerals will determine whether EPA standards at these levels are achievable.” The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move the agency says could… Continue reading U.S. proposes 56% vehicle emissions cut by 2032, requiring big EV jump
Odisha has 70% uninsured 2-wheelers, 80% LMVs and 40% commercial vehicles
The mandatory TP insurance is intended to cover for any collateral damage to a third party. BHUBANESWAR: The law mandates compulsory insurance for all types of motor vehicles plying on roads. However, about 70% of the total registered two-wheelers and 80% of light motor vehicles (LMV) in Odisha have been running uninsured, revealed the data… Continue reading Odisha has 70% uninsured 2-wheelers, 80% LMVs and 40% commercial vehicles
Vehicle registrations cross 1 lakh in Noida, 52% jump from last year
The transport department data shows 88,301 vehicle registrations in 2018-19 and 92,242 in 2019-2020. NOIDA: The Noida transport department registered 1.17 lakh (1,17,576) vehicles in the 2022-23 financial year, the highest in the past five years. Earlier in 2021-22, the department registered 77,542 vehicles, which means Noida has seen a 52% rise in vehicle registrations… Continue reading Vehicle registrations cross 1 lakh in Noida, 52% jump from last year