Nagpur: As petrol and diesel prices continue to hover in unprecedented higher orbit for the last several months, availability of new age technology in the form of electric vehicles has come as a boon for many. This can be gauged from the fact that Orange City has witnessed steep rise in demand for e-vehicles this… Continue reading EV sales see 128 per cent growth in Nagpur in 5 months this fiscal
Author: Economic Times of India Online News
RIL in driver’s seat in $ 74 bn green hydrogen opportunity
New Delhi: RIL’s green hydrogen foray is part of its Net Carbon Zero target by 2035. Falling renewable cost and scale economics will lower green hydrogen cost. Given the capex intensity, RIL’s strong balance sheet and backward integration puts it in the driver’s seat in the US$ 74 billion opportunity, foreign brokerage, Jefferies said in… Continue reading RIL in driver’s seat in $ 74 bn green hydrogen opportunity
U.S. and S.Korea exchanged ‘frank views’ on vehicle credits, network fees
The United States on Wednesday said its commerce secretary and South Korea’s trade minister exchanged “frank views” over Seoul’s pending legislation on network usage fees on foreign content providers and Washington’s electric vehicle credits during a meeting. The Inflation Reduction Act law, signed by President Joe Biden last month, eliminates federal tax credits for electric… Continue reading U.S. and S.Korea exchanged ‘frank views’ on vehicle credits, network fees
Brakes India to showcase new products at IAA Transportation 2022
Axles India, a member of the TSF Group Company would showcase its 9-tonne and 12-tonne trailer axles that come with a higher strength at the fair. Chennai: Brakes india, engaged in the manufacturing of braking equipment for automotive and non-automotive applications and a TSF Group Company, would showcase its latest products at the ongoing IAA… Continue reading Brakes India to showcase new products at IAA Transportation 2022
MapmyIndia invests in kogo to create navigation for automotive players
MapmyIndia invests in kogo to create navigation for automotive players. India’s leading advanced digital maps provider MapmyIndia on Wednesday announced it is acquiring 26.37 % startup kogo Tech Labs to develop a travel and hyper-local platform integrated with maps and navigation for automotive players. By integrating kogo’s gamified travel, outdoors and hyper-local content, community and… Continue reading MapmyIndia invests in kogo to create navigation for automotive players
Single-point taxation implemented in NCR for passenger transport
The proposal of GNCT Delhi to allow only buses running on CNG or environment friendly fuel in Delhi was also deliberated in detail New Delhi: The Combined Reciprocal Common Transport Agreement (Contract Carriage and Stage Carriage) signed amongst the governments of Haryana, NCT-Delhi, Rajasthan and Uttar Pradesh aims at inter-state road connectivity amongst the National… Continue reading Single-point taxation implemented in NCR for passenger transport
Three roads will be offered through InVIT for fund raising: Nitin Gadkari
Three roads will be offered for fund raising through the Infrastructure Investment Trust (InVIT) of the National Highways Authority of India (NHAI) according to Transport Minister Nitin Gadkari. Speaking at the JPMorgan India Investor Summit, he said that a good response is expected for the same. “We (NHAI) are going to approach the capital market.… Continue reading Three roads will be offered through InVIT for fund raising: Nitin Gadkari
CarDekho CFO aims to achieve EBITDA level profitability before IPO in 2023
Mayank Gupta, Group CFO, CarDekho In an interview with ETCFO, Girnar Software-owned CarDekho Group CFO Mayank Gupta shared his future growth and expansion plans as it claims to go for listing on Indian bourses by next year. “With scale, leverage, efficiencies, and process improvements we are trying to contribute towards our total EBITDA level profitability… Continue reading CarDekho CFO aims to achieve EBITDA level profitability before IPO in 2023
Vietnam’s capital needs $887 mln investment for fully electric bus fleet
Currently, there are nine electric bus lines in Hanoi with a handful of EVs operated by Vinbus, a unit of Vietnam’s biggest conglomerate Vingroup. HANOI: Vietnam’s capital Hanoi will need about 21 trillion dong ($887.27 million) in the coming years to replace all petrol- and diesel-powered public buses with electric alternatives, state media reported on… Continue reading Vietnam’s capital needs $887 mln investment for fully electric bus fleet
Transport Ministry proposes that driver training centres will be accredited for five years
The two wheeler driving training is supposed to be covered in 20 sessions over a span of 2 weeks. The Transport Ministry has proposed changes to the rules related to Accredited Driver Training Centres (ADTC). Under the draft amendment, renewal of accreditation of an ADTC shall be valid for five years. A syllabus for imparting… Continue reading Transport Ministry proposes that driver training centres will be accredited for five years