Financially, the public charging stations earned a revenue of INR 10.78 lakh, and it consistently increased from June last year. It seems owners of electric vehicles (EVs) are fast realising the difference between slow-paced charging at homes and fast-paced facility at public charging stations to charge their vehicles. According to the data, Chandigarh has witnessed… Continue reading Public EV charging stations make rapid gains in Chandigarh
Author: Economic Times of India Online News
ArcelorMittal to build new steel plant in US to meet auto sector demand
New car sales in the U.S. rose to a five-year high in 2024, helped by hybrid models, according to Wards Intelligence. ArcelorMittal said on Thursday that it would build an advanced steel manufacturing facility in Calvert, Alabama, as it seeks to increase its production capacity to meet demand from the U.S. automotive sector. The world’s… Continue reading ArcelorMittal to build new steel plant in US to meet auto sector demand
Auto retail sales rise 7% in January; passenger vehicles surge 16%: FADA
FADA reported a 15.53% YoY growth in the passenger vehicle (PV) segment. The Federation of Automobile Dealers Associations (FADA) has released its January 2025 vehicle retail data, revealing a 6.6% year-over-year (YoY) growth in auto retail. This growth exceeded expectations, indicating a positive start to the year. The increase was observed across all vehicle categories,… Continue reading Auto retail sales rise 7% in January; passenger vehicles surge 16%: FADA
Just 5k of 25 lakh vehicles in city get HSRPs, March 31 deadline may be extended
Bhosle said the RTO office would have a help desk from the next month for people finding it difficult to register and get appointments. The March 31 deadline to procure high-security registration plates (HSRP) for all vehicles registered before April 1, 2019 could be extended, a state transport department source said. The official said, “More… Continue reading Just 5k of 25 lakh vehicles in city get HSRPs, March 31 deadline may be extended
Telangana receives INR 176.5 cr for achieving milestones in road transport projects under SASCI scheme
For Milestone 1 Initiative B, Telangana awarded Automated Testing Stations (ATSs) in 37 districts, out of which, 21 ATSs have been awarded in priority districts. The Ministry of Road Transport and Highways (MoRTH) of the Union Government has approved the release of INR 176.5 crore to Telangana under the Special Assistance to States for Capital… Continue reading Telangana receives INR 176.5 cr for achieving milestones in road transport projects under SASCI scheme
IICA, CMAI sign MoU to strengthen carbon markets, advance decarbonisation
IICA and CMAI will collaborate on training programs, joint research, workshops, and policy advocacy to support India’s net-zero goals. The Indian Institute of Corporate Affairs (IICA) and the Carbon Market Association of India (CMAI) have signed a Memorandum of Understanding (MoU) in New Delhi to strengthen India’s carbon markets and accelerate decarbonisation efforts. The agreement… Continue reading IICA, CMAI sign MoU to strengthen carbon markets, advance decarbonisation
India needs IN-SPACe-like platform for EV charging infra
For EV adoption to scale, there is a need for standardisation in charging ports, Cavale said, adding: “Interoperability ensures that users aren’t restricted to charging stations from their own vehicle brand.” With India’s mobility market moving towards electrification, industry stakeholders highlight the lack of charging infrastructure seen as a critical component of the EV value… Continue reading India needs IN-SPACe-like platform for EV charging infra
Trump tariff drama carries high stakes for US automakers, car buyers
The uncertainty over Trump’s threat has left the industry largely unable to take substantive action to mitigate potential damage, lest the regulatory landscape change with the president’s next social media post. Donald Trump is keeping some of the world’s biggest automakers guessing whether the U.S. president will follow through on threats to slap their vehicles… Continue reading Trump tariff drama carries high stakes for US automakers, car buyers
‘India attracting global niche talents led by semiconductor, EV, defence sectors’
In the coming years, Nath stated that sectors such as EVs, the lithium battery segment, semiconductors, digital transformation and AI, and defence and aerospace sectors are expected to continue attracting significant global talent. India’s growing economic scenario is creating job opportunities for global talent, especially in sectors like semiconductors, electric vehicles (EVs), defence and aerospace… Continue reading ‘India attracting global niche talents led by semiconductor, EV, defence sectors’
China’s curbs on exports of strategic minerals
Beijing banned the export of the three critical minerals to the United States in response to a fresh crackdown on China’s chip sector from Washington. China announced sweeping export controls on Tuesday targeting five metals used across defence, clean energy and other industries, minutes after an additional 10% tariff on Chinese goods imposed by U.S.… Continue reading China’s curbs on exports of strategic minerals