Listing out some of the important measures taken by the government to boost the economy. New Delhi: India has emerged as one of the fastest-growing major economies in the world and is expected to be one of the top three economic powers globally over the next 10-15 years, Finance Minister Nirmala Sitharaman said on Friday.… Continue reading India to be one of top three economic powers in next 10-15 years: FM
Author: Economic Times of India Online News
EU expects recession to hit Europe as inflation hangs on
The commission says high energy prices, a rising cost of living, higher interest rates and slowing global trade. The European Union’s executive commission slashed its forecast for economic growth next year, saying the 19 countries that use the euro currency will slide into recession over the winter as peak inflation hangs on for longer than… Continue reading EU expects recession to hit Europe as inflation hangs on
India’s Exide Industries posts Q2 profit rise as input costs ease
The automotive and industrial sectors had been under pressure due to pandemic-induced supply-chain crunches and as raw material prices rose after Russia’s invasion of Ukraine. Indian battery maker Exide Industries Ltd reported a better-than-expected second-quarter profit on Friday driven by an increase in volumes and easing input costs. There was also an uptick in demand… Continue reading India’s Exide Industries posts Q2 profit rise as input costs ease
Electric vehicle lobby writes to parliamentary committee against fraudulence allegations
SMEV was referring to anonymous emails sent to various government departments and media organisations alleging that several electric two-wheeler companies. An industry body for electric vehicle (EV) makers has written to a parliamentary committee against an investigation into alleged misappropriation of subsidies by some manufacturers. Some anonymous “detractors” were keen to derail e-mobility, it said.… Continue reading Electric vehicle lobby writes to parliamentary committee against fraudulence allegations
Myanmar adjusts electric vehicles tariffs to zero
Myanmar imposed zero tariffs on electric vehicles (EVs) imports effective from November 2, the state-run media cited the Ministry of Planning and Finance as saying.The move is aimed at encouraging the use of EVs in the country and developing EVs industry and related businesses, the report said on Friday. According to the Ministry, the customs… Continue reading Myanmar adjusts electric vehicles tariffs to zero
Curbs on private construction, old vehicles to continue: Panel
The curbs include ban on private construction and plying of BS-III petrol and BS-IV diesel cars. New Delhi: With the air quality in the city deteriorating to the “very poor” category, the Centre’s Commission for Air Quality Management (CAQM) on Friday decided to continue all the restrictions under Stage-III Graded Response Action Plan (GRAP). The… Continue reading Curbs on private construction, old vehicles to continue: Panel
EU envoy says ‘hopeful’ about getting changes to U.S. EV tax rules
European Union Ambassador Stavros Lambrinidis on Thursday said he was very hopeful that negotiations with the United States could result in elimination of discriminatory provisions in the U.S. Inflation Reduction Act. Lambrinidis told an event hosted by the U.S. Chamber of Commerce that EU officials were working with U.S. officials in a special task force… Continue reading EU envoy says ‘hopeful’ about getting changes to U.S. EV tax rules
Flash joins hands with Poland’s Elimen Group to produce EV components
As part of the new collaboration, the company plans to invest another Rs 150 crore over the next two years. New Delhi: Electronic component manufacturer Flash on Thursday said it has joined hands with Poland-based Elimen Group to manufacture traction motors and controllers for electric vehicles in India. The Pune-based company is a leading manufacturer… Continue reading Flash joins hands with Poland’s Elimen Group to produce EV components
Government set to revert to issuing permit for commercial EVs at zero fee
The decision can be attributed to issues flagged by the commercial EV owners. The government is all set to bring back the policy for issuing permits for commercial electric vehicles (EVs) at zero fee. The Centre had discarded the practice over the last two years in order to push penetration of green vehicles. However, now… Continue reading Government set to revert to issuing permit for commercial EVs at zero fee
Chinese EV maker Nio posts bigger quarterly loss, sees higher deliveries
Sales at Nio, Xpeng Inc and Li Auto Inc have surged in recent quarters on robust demand, helping them emerge as strong rivals to home-grown BYD Co and U.S.-based Tesla Inc. Chinese electric automaker Nio Inc on Thursday reported a bigger quarterly loss due to a jump in costs, and said it expects deliveries to… Continue reading Chinese EV maker Nio posts bigger quarterly loss, sees higher deliveries