The S1 240 e-scooter delivers a range of 240 km, has a twin battery pack of 4.2 kWh, and is powered by a 2.5 kW motor for extra torque. New Delhi: EV company iVOOMi Energy has introduced new variants of e-scooters for its model S1 with increased speed for consumers in India. Starting at Rs… Continue reading iVOOMi introduces new variants of electric two-wheeler with increased speed
Author: Economic Times of India Online News
Global growth to slow amid ‘persistent’ high inflation: OECD
Fighting inflation is a “top policy priority”, the OECD said, as soaring prices erode people’s purchasing power worldwide. World growth is set to slide from 3.1 percent this year to 2.2 percent next year due to high inflation, before rebounding slightly to 2.7 percent in 2024, the OECD said Tuesday. Amid the effects of Russia’s… Continue reading Global growth to slow amid ‘persistent’ high inflation: OECD
Micro Mobility player Helbiz to reduce staff by 15% in US, Europe
Helbiz will search for partners to share or take over the operation of the Media business to reduce them as on-going cost centres and return focus entirely on mobility business. New Delhi: Micro Mobility services provider recently announced that it will undertake several measures to reduce costs and staff to lower the monthly burn rate… Continue reading Micro Mobility player Helbiz to reduce staff by 15% in US, Europe
Infra sector demands rationalisation of GST, easier bank credit, hike in public expenditure
They also pitched for government support to the EV companies for reskilling the workforce. New Delhi: The infrastructure industry on Monday demanded rationalisation of Goods and Services Tax (GST), easier bank credit and a hike in public expenditure at the customary pre-budget meeting with Finance Minister Nirmala Sitharaman. Cellular Operators’ Association of India (COAI) in… Continue reading Infra sector demands rationalisation of GST, easier bank credit, hike in public expenditure
100% road tax exemption for EVs may be extended till 2025
Against this backdrop, the transport department has proposed to extend the tax-waiver until 2025 for personal cars and two-wheelers. CHENNAI: The state transport department has proposed to extend 100% road tax exemption for electric vehicles (EVs) for another three years. If approved, EVs will continue to cost 8% less. To promote sales of battery-operated vehicles,… Continue reading 100% road tax exemption for EVs may be extended till 2025
Mazda to invest $11 bln by 2030 to procure EV batteries
Automakers worldwide are spending billions of dollars to ramp up battery and EV production in the face of tougher environmental regulations. Japan’s Mazda Motor Corp plans to invest 1.5 trillion yen ($10.6 billion) by 2030 to procure electric vehicle (EV) batteries and cooperate with battery supplier Envision AESC, the Nikkei business daily reported on Tuesday.… Continue reading Mazda to invest $11 bln by 2030 to procure EV batteries
German industry calls for more support to diversify beyond China
BERLIN – One of Germany’s main industry lobby groups called on Monday for more support for industry to diversify trade beyond China, as the government prepares new policies aimed at reducing the German economy’s dependence on Beijing. Planned measures such as stress tests and greater scrutiny on investments in China, outlined in a draft document… Continue reading German industry calls for more support to diversify beyond China
UK must focus on growth as well as inflation
CBI chief Danker will stress that the prime minister cannot merely concentrate on taming inflation. The UK’s recent austerity budget may avert a deeper recession, but the government must focus more on growth to improve the country’s long-term prospects, the Confederation of British Industry (CBI) will say Monday. The business lobby group’s director general, Tony… Continue reading UK must focus on growth as well as inflation
EV startup Matter unveils geared electric motorcycle
The bike, which comes with a range of 125-150 km on a single charge, can be charged by a simple 5 Amp plug. New Delhi: Electric vehicle and energy storage technology startup Matter on Monday unveiled a geared electric motorcycle with plans to commence sales next year. The Ahmedabad-based company plans to commence booking for… Continue reading EV startup Matter unveils geared electric motorcycle
India to take over as chair of Global Partnership on Artificial Intelligence
India had received more than a two-third majority of first-preference votes while Canada and the US ranked in the two next best places in the tally. New Delhi: India will take over as the chair of the Global Partnership on Artificial Intelligence (GPAI), an international initiative to support responsible and human-centric development and use of… Continue reading India to take over as chair of Global Partnership on Artificial Intelligence