More of Ford’s manufacturing base is in the U.S., and the vehicles it imports from outside countries are less profit-rich than those products its competitors import. Ford Motor CEO Jim Farley said U.S. President Donald Trump‘s proposed and implemented tariffs have added “a lot of cost and a lot of chaos,” although Farley said he… Continue reading Ford CEO slams Trump tariffs- ‘A lot of cost, a lot of chaos’ but…
Author: Economic Times of India Online News
India central bank-driven rally in rupee likely to extend
U.S. consumer inflation data for January, due later in the day, will help investors gauge when the next rate cut is likely. The Indian rupee is poised to open higher on Wednesday, adding to its recovery over the last two days that was fuelled largely by heavy intervention by the central bank. The 1-month non-deliverable… Continue reading India central bank-driven rally in rupee likely to extend
Total number of EVs registered on e-Vahan portal goes up to 56.75 lakh
Updated On Feb 12, 2025 at 08:43 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The PM E-Drive scheme has also launched the PMP to support the localisation of EV components which promotes domestic manufacturing capabilities. New Delhi: The number of electric vehicles (EVs) registered on the e-Vahan portal of the… Continue reading Total number of EVs registered on e-Vahan portal goes up to 56.75 lakh
Democrats say Trump illegally withholding state EV charging funds
On Trump’s first day in office, he took aim at electric vehicles, saying he was halting distribution of unspent government funds for vehicle charging stations from the USD 5 billion National Electric Vehicle Infrastructure Fund. A group of nine senators on the Environment and Public Works Committee said on Tuesday the Trump administration is illegally… Continue reading Democrats say Trump illegally withholding state EV charging funds
Global electric vehicle sales up 18% in January
China extended its auto trade-in subsidies into 2025 as part of an expanded consumer trade-in scheme in January, to avert a slowdown in EV sales while reviving economic growth. Global electric and plug-in hybrid vehicle sales in January rose 18% year on year, as growth in Europe and the United States outpaced China for the… Continue reading Global electric vehicle sales up 18% in January
Statiq partners with SBI to boost EV charging station financing
Loans up to INR 5 crore will be covered under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). Statiq, an electric vehicle (EV) charging network operator, has partnered with State Bank of India (SBI) to offer financing for EV charging station setups, simplifying investment in EV infrastructure. The initiative aims at accelerating… Continue reading Statiq partners with SBI to boost EV charging station financing
India accelerating towards EV future; PM Modi calls for swift action to meet India’s e-mobility demand
Updated On Feb 11, 2025 at 05:53 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Prime Minister Narendra Modi New Delhi: Prime Minister Narendra Modi in a virtual address at the ongoing India Energy Week 2025 on Tuesday said that India is rapidly advancing towards electric mobility, and swift action is… Continue reading India accelerating towards EV future; PM Modi calls for swift action to meet India’s e-mobility demand
Trump says he will announce reciprocal tariffs over next two days
Trump said he was also looking at tariffs on cars, semiconductor chips and pharmaceuticals. U.S. President Donald Trump on Monday said he would announce plans to impose reciprocal tariffs on other countries over the next two days, doubling down on comments he made on Sunday. The Republican president spoke to reporters in the Oval Office… Continue reading Trump says he will announce reciprocal tariffs over next two days
Why keeping a vehicle beyond 20 years may now cost you a fortune
While the changes would impact vehicle owners nationwide, they would not affect owners in Delhi-NCR, where a court order mandates the scrapping of diesel vehicles older than 10 years and petrol vehicles older than 15 years. In a move aimed at phasing out older, polluting vehicles, the Ministry of Road Transport has issued a draft… Continue reading Why keeping a vehicle beyond 20 years may now cost you a fortune
Steep hike on cards for RC renewal of cars, 2-wheelers older than 20 years
All India Motor Transport Congress said it has opposed “sudden and excessive hike” in the fitness test fees. Keeping your vehicles beyond 20 years is going to cost you more as the road transport ministry has issued a draft notification proposing a steep hike in renewal of their registration. The move is aimed at disincentivising… Continue reading Steep hike on cards for RC renewal of cars, 2-wheelers older than 20 years