The NMC has recently framed its policy for procuring electric and CNG vehicles for various purposes. The Nashik Municipal Corporation (NMC) has made it mandatory for over 500 under-construction residential buildings with more than 25 flats each to have charging stations for electric vehicles (EV). If a building houses 100 flats, it should have four… Continue reading Electric vehicles charging stations must for 500 new buildings in Nashik
Author: Economic Times of India Online News
German car sales climb again in November
Auto manufacturers have struggled throughout the year with supply issues and shortages of key components, which have slowed sales despite full order books. The German car market showed some signs of recovery in November, as sales rose for the second month in a row, according to official figures published Monday. Just over 260,000 new cars… Continue reading German car sales climb again in November
Becoming the next China won’t blunt India’s 2023 slowdown
It’s not immediately obvious that the global slowdown has also arrived in India: Investments in factories, roads, and other fixed assets are just shy of 35% of domestic output; they haven’t been this high in 10 years. Loan demand is growing so fast that deposits can’t keep up. What’s driving India’s animal spirits amid a… Continue reading Becoming the next China won’t blunt India’s 2023 slowdown
UK new car sales rise in November, fail to zoom past 2019 levels
British new car registrations jumped nearly 24% in November from a year earlier to record their fourth straight month of gains, driven by sales of large fleets and a pick-up in demand from private buyers, an industry body said on Monday. The Society of Motor Manufacturers and Traders (SMMT) said registrations in November stood at… Continue reading UK new car sales rise in November, fail to zoom past 2019 levels
Electrification of Ecommerce Logistics Fleet is Driving EV Sales
Electric two-wheelers in the price range of Rs 80,000 to Rs 1.1 lakh are most popular for logistical operations and last-mile delivery New Delhi: Electric two and three-wheeler sales, which hit yet another high in November, are being driven primarily by logistics fleet operators that are ramping up their fleet to meet rising demand from… Continue reading Electrification of Ecommerce Logistics Fleet is Driving EV Sales
Turkish inflation eases for 1st time in more than a year
Erdogan has said his model – which prioritizes growth, investments, employment and exports – is expected to yield results in the new year. Annual inflation in Turkey slightly eased in November for the first time in more than a year, according to official figures released on Monday, although it remains close to 24-year highs. Consumer… Continue reading Turkish inflation eases for 1st time in more than a year
India’s Nov services activity growth hit 3-month high, high inflation a concern
It remained above the 50-mark separating growth from contraction for a 16th straight month, its longest stretch of expansion since October 2016. By Indradip Ghosh India’s services activity grew at its quickest pace in three months in November on strong demand, lifting optimism to its highest in eight years, according to a business survey, which… Continue reading India’s Nov services activity growth hit 3-month high, high inflation a concern
India’s EV revolution could bear fruit by 2030, survey shows
Experts and analysts over the last few years have highlighted the poor infrastructure supporting EVs in India as the primary reason behind the lower penetration of EVs in the country. A private consumer expectation survey on Monday showed that around 66% of Indians said that electric vehicles will surpass petrol and diesel cars by 2030.… Continue reading India’s EV revolution could bear fruit by 2030, survey shows
National Logistics Policy to reduce cost and time, improve efficiency across sectors: ICRA
The National Logistics Policy (NLP), launched by the Union Government in September 2022, aims to promote the seamless movement of goods, overcome transport-related challenges, encourage digitisation, and reduce logistics time and cost, and bring its percentage of GDP in line with the developed economies. Reduced logistics costs and time, and improved efficiency across sectors will… Continue reading National Logistics Policy to reduce cost and time, improve efficiency across sectors: ICRA
Monday’s EU, US trade talks overshadowed by tax concerns on climate measure
The draft document, which was seen by Reuters and may still be revised, did not set out specific measures to resolve the dispute. By David Lawder Top European Union officials intend to complain loudly to their U.S. counterparts at a trade meeting on Monday about the bloc’s electric vehicles being cut off from tax credits… Continue reading Monday’s EU, US trade talks overshadowed by tax concerns on climate measure