The auto components sector witnessed a steady growth in both domestic and the international markets in the first-half of FY23. New Delhi: The turnover of the automotive component industry grew 34.8% to INR 2.65 lakh crore (USD 33.8 billion) during April-September 2022 compared to the first half of the previous year, according to a report… Continue reading Indian auto component industry grows 34.8% to INR 2.65 lakh crore in H1 FY23: ACMA
Author: Economic Times of India Online News
U.S. Postal Service to double EV delivery fleet purchases
Congress in August gave USPS $3 billion as part of a $430 billion climate bill to buy electric vehicles and charging infrastructure. By David Shepardson The U.S. Postal Service (USPS) said on Tuesday it will more than double its planned electric delivery vehicles purchases, officials said on Tuesday, tapping funding from Congress and responding to… Continue reading U.S. Postal Service to double EV delivery fleet purchases
EV sales see spike in India, from 48,179 in 2020-21 to 4,42,901 in 2022-23
At present, Phase-II of the FAME India scheme is being implemented for a period of five years from April 1, 2019 with a total budgetary support of Rs 10,000 crore. New Delhi: The sales of electric vehicles (EVs) in the country witnessed a surge in the last two years. While 48,179 EVs were sold in… Continue reading EV sales see spike in India, from 48,179 in 2020-21 to 4,42,901 in 2022-23
Vedanta announces incentives for purchase of EVs by employees
EV policy for its employees, under which incentives ranging from 30 to 50 per cent will be provided on purchase of electric vehicles. New Delhi: Globally diversified natural resources firm Vedanta Ltd on Tuesday said it has rolled out an EV policy for its employees, under which incentives ranging from 30 to 50 per cent… Continue reading Vedanta announces incentives for purchase of EVs by employees
Government must review tax structure to keep auto industry on fast lane, says R C Bhargava
While the industry has grown in strong double-digits this year, demand is coming from the more premium end of the market, indicating stress on affordability at the entry-level, head of the country’s largest carmaker pointed out. India needs to re-examine the tax structure on automobiles – which stands highest even among partly-developed nations in the… Continue reading Government must review tax structure to keep auto industry on fast lane, says R C Bhargava
Ratings of road contractors in the offing to curb errant operators: Nitin Gadkari
The centre is working on rating contractors in the road transport sector to weed out errant operators. Roads, Transport, and Highways Minister Nitin Gadkari said that the rating can take into account the financial and contract execution performance over the last five years of such contractors. “The financial and technical qualifications were very stringent earlier.… Continue reading Ratings of road contractors in the offing to curb errant operators: Nitin Gadkari
India probes possible misappropriation of incentives by EV makers
India wants to grow its electric car market from 1% of total car sales, of about 3 million a year, to 30% by 2030. NEW DELHI : India is investigating the possible misappropriation of incentives given to electric vehicle (EV) makers under a 100 billion rupee ($1.21 billion) programme to promote their faster adoption, the… Continue reading India probes possible misappropriation of incentives by EV makers
Tata Motors shifts dealer management system to Oracle Cloud Infrastructure
Oracle and Tata Motors have migrated the automotive giant’s entire Dealer Management System (DMS) to Oracle Cloud Infrastructure (OCI). New Delhi: Oracle and Tata Motors have migrated the automotive giant’s entire Dealer Management System (DMS) to Oracle Cloud Infrastructure (OCI). The migration of this system to OCI will help boost the operational efficiencies of Tata… Continue reading Tata Motors shifts dealer management system to Oracle Cloud Infrastructure
Metalogic PMS is organising event on Steel Service Centre, Retailing & Distribution in Pune
Metalogic PMS is going to organize the event on Steel Service Centre, Retailing & Distribution on 20th December 2022, Tuesday at Hotel Tip Top International, Pune. Pune: Metalogic PMS is going to organize the event on Steel Service Centre, Retailing & Distribution on 20th December 2022, Tuesday at Hotel Tip Top International, Pune. This is… Continue reading Metalogic PMS is organising event on Steel Service Centre, Retailing & Distribution in Pune
India’s subsidies for renewable energy, electric vehicles more than doubled in FY 2022
India provided at least Rs 5 lakh crore to support the energy sector in FY 2022, including over Rs 2.2 lakh crore in the form of subsidies. New Delhi : India’s subsidies for renewable energy and electric vehicles more than doubled in FY 2022, but it will be critical for the government to build this… Continue reading India’s subsidies for renewable energy, electric vehicles more than doubled in FY 2022