Production volume of EVs, including battery electric, plug-in hybrid and hybrid vehicles, fell 20.4% to 275,896 units in the year. Britain’s vehicle production dropped nearly 12% to below one million units in 2024, data showed on Thursday, aligned with the industry’s ongoing commitment to the shift towards electric vehicles. Factories churned out a total of… Continue reading UK vehicle output ends 2024 below one million units
Author: Economic Times of India Online News
Online challans for PUC, insurance fines up to 10,000 in Gurugram
On Wednesday, commuters said they hoped such measures would help make the city’s roads safer and easier to navigate. Keep your insurance and pollution certificate updated when you drive on city roads, even if you’re sure you won’t encounter a police check anywhere on your route because you know the lay of the land. After… Continue reading Online challans for PUC, insurance fines up to 10,000 in Gurugram
Volvo Car India join hands with Subodh Kerkar to promote pedestrian safety through art
The artwork was unveiled at an exclusive exhibition at The Stainless Gallery in New Delhi. Volvo Car India partnered with artist Subodh Kerkar for a road safety initiative during National Road Safety Month 2025. The initiative, “The Most Ignored Painting,” focuses on pedestrian safety and the importance of zebra crossings. An art exhibition featuring Kerkar’s… Continue reading Volvo Car India join hands with Subodh Kerkar to promote pedestrian safety through art
Last-mile gaps drive spurt in private vehicles
At the Asian Institute of Transport Development, faculty member Anil Chhikara argued that increasing the number of buses alone wouldn’t deter people from using private vehicles. Rajesh Ahuja has to reach his workplace in Nehru Place by 10 am every day. He lives in east Delhi’s New Ashok Nagar, which has convenient access to both… Continue reading Last-mile gaps drive spurt in private vehicles
Tata Motors Q3 Results: Profit falls 22% YoY to INR 5,451 crore, misses estimates
In the EV segment, the company registered 19% growth in the domestic personal segment, although fleet volumes declined YoY due to the expiry of the FAME II subsidy. Leading auto company Tata Motors‘ third-quarter profit missed the Street estimates by a wide margin as the bottom line fell 22% YoY to Rs 5,451 crore. The… Continue reading Tata Motors Q3 Results: Profit falls 22% YoY to INR 5,451 crore, misses estimates
Pressure on rupee to linger after Fed signals no hurry to cut rates
In the near-term, investors will also keep an eye on whether Trump follows through on his pledge to impose 25% tariffs on Mexico and Canada from Saturday. The Indian rupee is likely to stay on the defensive on Thursday, after the U.S. Federal Reserve expectedly kept interest rates unchanged and Chair Jerome Powell said there… Continue reading Pressure on rupee to linger after Fed signals no hurry to cut rates
Budget opportunity to boost domestic demand as external environment cloudy: Tata Motors Group CFO
Tata Motors’ arm JLR is based out of the UK and produces EVs from the Castle Bromwich manufacturing plant, although it has a plant in Slovakia where it produces SUVs Land Rover Discovery and Land Rover Defender. At a time when the external environment is extremely cloudy, the Union Budget can look at consumption-boosting measures… Continue reading Budget opportunity to boost domestic demand as external environment cloudy: Tata Motors Group CFO
Measures to improve overall consumption momentum in Budget to aid auto industry, says Maruti Suzuki India
When asked about the demand scenario, Bharti said the company witnessed a growth of 3.5% in retail sales in April-December this fiscal. Maruti Suzuki India on Wednesday said any measures to improve the overall consumption momentum in the upcoming Budget would aid the auto industry, which is witnessing sluggish growth. The country’s largest carmaker expects… Continue reading Measures to improve overall consumption momentum in Budget to aid auto industry, says Maruti Suzuki India
Tata Motors Q3 profit down 22% at INR 5,451 cr
Updated On Jan 29, 2025 at 05:32 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Revenue, however, saw a 3% year-over-year increase, reaching INR 1.13 lakh crore. Tata Motors reported a 22% drop in net profit for the third quarter of FY25, amounting to INR 5,451 crore compared to INR 7,025… Continue reading Tata Motors Q3 profit down 22% at INR 5,451 cr
Cabinet approves Rs 16,300 crore critical mineral mission
“This is aimed at reducing the financial burden on companies, and making investments more attractive and feasible,” the official said. The Union Cabinet approved Rs 16,300 crore outlay for the National Critical Mineral Mission (NCMM) Wednesday. This mission will run till 2030-31 with sops for recycling critical minerals and derisking overseas acquisition of assets. Officials… Continue reading Cabinet approves Rs 16,300 crore critical mineral mission