Jawa Yezdi Motorcycles currently has a network of more than 375 touch points across the country. New Delhi : In a bid to set up a comprehensive financing ecosystem around its retail streams, Jawa Yezdi Motorcycles has entered into an agreement with State Bank of India (SBI). This arrangement will ensure wide availability of funding… Continue reading Jawa Yezdi deal with SBI for financing schemes for channel partners, customers
Author: Economic Times of India Online News
Top seven trends that will transform automation in 2023
Enterprise-wide automation introduces 40% greater productivity and efficiency improvements over piecemeal automation alone. New Delhi: UiPath a leading enterprise automation software company announced on Tuesday that the rise of the digital workforce and the digital skills rollout will be among seven big trends that will reshape how India works from 2023. Scott Hunter, Vice President,… Continue reading Top seven trends that will transform automation in 2023
Racers, mechanics, tinkerers converting classic cars to EVs
Despite derision from some purists about the converted cars resembling golf carts or remote-controlled cars, electric powertrain conversions are becoming more mainstream as battery technology advances and the world turns toward cleaner energy to combat climate change. When Kevin Erickson fires up his 1972 Plymouth Satellite, a faint hum replaces what is normally the sound… Continue reading Racers, mechanics, tinkerers converting classic cars to EVs
U.S. Treasury will delay EV battery sourcing guidance until March
The announcement means some electric vehicles that will not meet the new requirements may have a brief window of eligibility in 2023 before the battery rules take effect. By David Shepardson With a revamped $7,500 electric vehicle tax credit taking effect Jan. 1, the U.S. Treasury Department said on Monday it will delay until March… Continue reading U.S. Treasury will delay EV battery sourcing guidance until March
Uniform tax on small, big cars will not augur well for auto industry growth: Maruti Suzuki Chairman
People who are buying small cars are not buying small cars in near the same numbers. New Delhi: The regulatory burden is the highest on small cars, a key segment of the Indian automobile industry and having a uniform tax structure across all segments of vehicles will not augur well for the sector growth, according… Continue reading Uniform tax on small, big cars will not augur well for auto industry growth: Maruti Suzuki Chairman
EV sector hiring set to gain momentum next year
Electric vehicle (EV) makers and associated companies are set to go on a hiring drive in 2023 when more green vehicles are expected to hit the road amid increasing push towards environmental sustainability, rising fuel prices, and policy measures drawing significant investments. Hiring in the sector is seen growing by 40-50% in the next 6-12… Continue reading EV sector hiring set to gain momentum next year
Himachal taking steps to reform transport sector, to introduce new EV policy
Environmental protection and promoting electric vehicles in the state, a popular tourism destination, are the priorities of the government. Himachal Pradesh is taking steps to reform the state’s transport sector with innovative ideas and will shortly introduce a new electric vehicle policy, Deputy Chief Minister Mukesh Agnihotri said on Monday. Agnihotri test-drove an electric vehicle… Continue reading Himachal taking steps to reform transport sector, to introduce new EV policy
IOCL to buy 18 Statiq chargers for 4-wheelers to be set up within its network
Statiq has raised over INR 200 crore in Series ‘A’ funding. New Delhi: Statiq, a leading electric vehicle (EV) charging network, has recently won an Indian Oil Corporation Ltd. (IOCL) tender, for 18 new chargers. IOCL will set up 18 new Statiq chargers, an assorted blend of 30kW and 60kW fast chargers, for use by… Continue reading IOCL to buy 18 Statiq chargers for 4-wheelers to be set up within its network
Blackstone’s Horizon Industrial Parks leases 4.1 lakh sq ft to BENTELER, Lumax in Pune
Horizon Industrial Parks is a logistics platform in India. Blackstone Group-backed Horizon Industrial Parks has leased over 4.1 lakh sq ft built-to-suit manufacturing facilities to automotive majors including Germany’s BENTELER Automotive and Lumax-DK Jain Group company Lumax Automotives in its park at Chakan in Pune. BENTELER Automotive, which is one of the world’s leading companies… Continue reading Blackstone’s Horizon Industrial Parks leases 4.1 lakh sq ft to BENTELER, Lumax in Pune
Auto index clocks double-digit gains for 3rd year straight
For the year, automakers are projected to record sales of 3.8 million passenger vehicles (PVs), exceeding the previous record by more than 4,00,000 vehicles. NEW DELHI: With Motown in top gear, auto stocks once again rewarded investors handsomely in 2022, clocking double-digit returns for the third consecutive year. The BSE Auto index which is up… Continue reading Auto index clocks double-digit gains for 3rd year straight