Lubi EV Solutions has installed as a gift a Bharat AC001-10 kW Charger at the Mahakaleshwar Jyotirlinga Temple in Ujjain. New Delhi: Lubi Pumps, (flagship brand of Lubi Industries LLP), has launched a new vertical, Lubi EV Solutions, for EV charging. Lubi EV Solutions is focused on developing the entire process in-house by taking on… Continue reading Lubi Pumps enters EV charging with new vertical ‘Lubi EV Solutions’
Author: Economic Times of India Online News
DGMS focuses on mine safety amid increase in commercial coal mine auctions
“We have taken one mine in graphite. For lithium, we participated in the auction but did not succeed in bagging the mine. We are interested in this sector,” Coal India Chairman PM Prasad said on Sunday on the sidelines of the event. With more commercial mines being auctioned, the DGMS has started discussions with captive… Continue reading DGMS focuses on mine safety amid increase in commercial coal mine auctions
Rupee to linger near all-time low, pressured by month-end dollar bids
The dollar index was down 0.1% at 104.2 after data on Friday showed that U.S. prices rose largely along expected lines in June. The Indian rupee is expected to face some pressure on Monday, after falling to its all-time low last week, as month-end dollar demand weighs on the currency, although the central bank will… Continue reading Rupee to linger near all-time low, pressured by month-end dollar bids
Lack of incentives pushes Telangana’s EV sales into slow lane
Drawing examples from states like Kerala that offer free vehicle registration, exemption on road taxes along with toll exemption, and free parking, he said similar policy changes need to be brought about in Telangana to push up EV sales. Nationally, the sale of electric vehicles (EV) might be racing north. But back home in Telangana,… Continue reading Lack of incentives pushes Telangana’s EV sales into slow lane
Road construction projects worth INR 70k cr underway in Delhi, nearby areas: Gadkari
Nitin Gadkari Work on projects worth INR 70,000 crore is underway in Delhi and its nearby areas for the construction of roads, highways and expressways to provide relief to people from traffic jams, Union Minister Nitin Gadkari said on Friday. Addressing an event here, the road transport and highways minister further said hydrogen-run vehicles are… Continue reading Road construction projects worth INR 70k cr underway in Delhi, nearby areas: Gadkari
Turkey promises billions more for e-vehicle ambitions
The new public money comes on top of a USD 5 billion subsidy programme for computer chips, bringing Turkey’s total spending on EV development to USD 15 billion. Turkey announced Friday a plan for billions of dollars in new subsidies to encourage the development and production of electric vehicle batteries, aiming to become the regional… Continue reading Turkey promises billions more for e-vehicle ambitions
Surging shipping costs give companies a sinking feeling
Tyre maker CEAT saw a 3-percentage-point drop in profit margin in the June quarter due to higher input costs. The global shipping industry is facing a deja vu of the pandemic era, and its impact is cascading across sectors. Spot freight rates have soared around 105% in the past three months and a severe container… Continue reading Surging shipping costs give companies a sinking feeling
India will need to be vigilant if it opens its doors to Chinese EV makers
China is now the world leader in electric cars and it makes sense for India to be aligned with its neighbour given its own interest in electrification for the auto segment,” an industry official told ETAuto. New Delhi: The Economic Survey has made a strong case for attracting investments from China. The logic is that… Continue reading India will need to be vigilant if it opens its doors to Chinese EV makers
Government extends EMPS by 2 months, increases funding to INR 778 crore
The extended EMPS has enhanced targets too: it will now support 560,789 electric vehicles in all – 500,080 electric two-wheelers (e-2Ws) and 60,709 electric three-wheelers (e-3Ws). New Delhi: The Electric Vehicle Promotion Scheme (EMPS), which was slated to end by July 31, has been extended by two months. It will now have a nearly 50%… Continue reading Government extends EMPS by 2 months, increases funding to INR 778 crore
How Germany’s hydrogen economy could transform energy use
Grey hydrogen made from gas of which Germany uses some 42 TWh each year, costs around USD 3/kg, indices show. German utility EnBW this week pledged 1 billion euros (USD 1.08 billion) to build pipelines to carry clean hydrogen as part of a plan for a nationwide grid that will start commercial operations by 2032.… Continue reading How Germany’s hydrogen economy could transform energy use