Mahindra said it sold 99,334 vehicles during the period under review, up 9% from 91,536 units in the second quarter of last fiscal. New Delhi: Mahindra & Mahindra (M&M) Group on Tuesday reported a growth of 213.6% in its consolidated PAT to INR 1,928.64 crore in Q2 FY22 as against INR 614.64 crore during Q2… Continue reading M&M Q2 PAT up 214% to INR 1,929 cr
Author: Economic Times of India Online News
Single-window facility to install EV chargers
Delhi now hosts the cheapest EV charging facility you can find anywhere in the country. NEW DELHI: Charging electric vehicles (EVs) is set to become easier with Delhi government launching a single-window facility that aims to make the process of installing private EV charging points at commercial, institutional or residential locations a hassle-free experience. On… Continue reading Single-window facility to install EV chargers
Installation of electric vehicle charger will cost Delhi residents Rs 2,500
Delhi government is providing a subsidy of Rs 6,000 to the first 30,000 applicants for charging stations bringing down effective cost of each charger to just around Rs 2,500. New Delhi: Delhi government will charge only Rs 2,500 to install private chargers for light electric vehicles, including two and three wheelers at malls, apartments, hospitals… Continue reading Installation of electric vehicle charger will cost Delhi residents Rs 2,500
India’s transition to net zero economy can create over 50 million jobs: WEF
This may be achieved via incentives and R&D subsidies for the private sector along with the development of green tech business incubators and R&D centres, attracting innovative foreign businesses to establish or expand their presence in India. In its latest research report, the World Economic Forum has propagated that a Green New Deal for India… Continue reading India’s transition to net zero economy can create over 50 million jobs: WEF
Apple hires top Tesla exec who apparently ‘disagreed’ with CEO Elon Musk
Apple has reportedly hired another top Tesla executive. Apple has reportedly hired another top Tesla executive. According to a report in Bloomberg News, the company has hired Christopher ‘CJ’ Moore who’s been the director for Tesla’s Autopilot Software since 2019. Apple is widely speculated to be working on self-driving car. The project is codenamed Project… Continue reading Apple hires top Tesla exec who apparently ‘disagreed’ with CEO Elon Musk
Greaves Electric Mobility sells over 7,500 units in October
Greaves Electric Mobility New Delhi: Greaves Electric Mobility, the e-mobility arm of Greaves Cotton Limited, on Monday said it sold over 7,500 units in October. However, the company did not break down the sales number to specify the number of two wheelers and three wheelers sold. During August this year, it said it had sold… Continue reading Greaves Electric Mobility sells over 7,500 units in October
UK’s Connected Kerb targets 190,000 on-street EV chargers by 2030
Connected Kerb uses long-term contracts spanning 15 to 25 years, financed by large infrastructure banks and groups like infrastructure investor Equitix. LONDON – Charging infrastructure company Connected Kerb said on Monday it plans to install 190,000 on-street public chargers in the UK by 2030, requiring up to 1.9 billion pounds ($2.55 billion) in investment, as… Continue reading UK’s Connected Kerb targets 190,000 on-street EV chargers by 2030
KKR invests $2 billion in South Korean energy firm SK E&S
SK Group conglomerate member SK E&S will use the funding to accelerate its growth, KKR said adding the investment was made from its Asia Pacific infrastructure fund. Investment firm KKR & Co Inc said on Friday it had bought 2.4 trillion won ($2 billion) worth of newly issued redeemable convertible preferred shares of South Korean… Continue reading KKR invests $2 billion in South Korean energy firm SK E&S
Supply chain disruption: Is the worst over?
Supply chain glitches dominated the latest company earnings season, with mentions of the issues by chief executives jumping 412% from last year, according to a BofA tally. As companies, investors and policymakers fret over port logjams, freight costs and chip shortages, some indicators are starting to signal that global supply chain stress may be on… Continue reading Supply chain disruption: Is the worst over?
Chip shortage throttles German car sales in October
Almost 178,700 new cars were registered in Germany in October, 34.9 percent fewer than in the same month last year, the KBA federal transport authority said in a statement. German car sales fell sharply in October for the fourth month in a row, data published Wednesday showed, as the global shortage in semiconductors continued to… Continue reading Chip shortage throttles German car sales in October