New Delhi: Transport minister Kailash Gahlot on Wednesday said since the launch of Delhi government’s Electric Vehicle (EV) policy in August last year, the first 1,000 electric cars registered in Delhi had been provided subsidy and more than Rs10 crore disbursed to 700 e-cars already. The share of electric cars in annual car sales was… Continue reading Subsidy limit for first 1,000 e-cars reached, says Gahlot
Author: Economic Times of India Online News
EV maker Bedeo acquires Protean from Evergrande’s auto unit
UK-based e-mobility firm Bedeo said on Thursday it has acquired Protean Electric from China Evergrande Group‘s automotive unit. Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group. Evergrande bought Protean, that produces in-wheel motors, in 2019. Bedeo did not disclose the financial terms of the deal, which… Continue reading EV maker Bedeo acquires Protean from Evergrande’s auto unit
Toyota ranked one of worst major automakers for emissions efforts
“Toyota, the world’s number-one car seller last year, is the most stubborn in holding onto internal combustion engines,” said Ada Kong, senior project manager of the auto industry campaign at Greenpeace East Asia. The world’s top-selling carmaker Toyota has come joint last in a Greenpeace ranking of carbon emission efforts by auto firms, according to… Continue reading Toyota ranked one of worst major automakers for emissions efforts
China cuts down magnesium production, disrupts Europe’s car industry
Both Germany and Italy are Europe’s leading car manufacturers and their concern about the knock-on effect on car production is but natural. China has built a monopoly on the global supply of magnesium in the last two decades and they have managed to overcome their European rivals by engaging in large-scale dumping. POREG (Policy Research… Continue reading China cuts down magnesium production, disrupts Europe’s car industry
E-vehicles make entry into college campuses in Bengaluru
Every accreditation body looks at how green your campus is. Apart from that, we all wanted to make some provision for the staff and students who are using EVs. BENGALURU: College campuses in the city are slowly seeing more and more electric bikes and cars. A few are getting EV charging points for their small… Continue reading E-vehicles make entry into college campuses in Bengaluru
Volkswagen invests in EU-backed energy transformation fund
The move is in line with other steps by Volkswagen, which in September unveiled plans to set up its own 300 million euro ($348 million) venture capital fund to invest in decarbonisation projects and start-ups in the field. Volkswagen is expanding its green strategy by investing in an EU-backed fund to jointly back technology firms… Continue reading Volkswagen invests in EU-backed energy transformation fund
Elon Musk’s wealth is now three times more than that of Mukesh Ambani’s
Elon Musk There appears to be no ceiling for the growth in wealth of the world’s richest man and owner of Tesla Inc, Elon Musk. Monday’s over 8 per cent rally in shares of the electric vehicle company saw Musk’s wealth surge $9 billion in a day to over $311 billion. The surge in his… Continue reading Elon Musk’s wealth is now three times more than that of Mukesh Ambani’s
BlackRock looks to power Tata’s green business
Representative image The biggest green warrior on Wall Street might soon partner with one of India’s most trusted conglomerates. BlackRock chairman and CEO Larry Fink is closing in on an investment $500-750 million (₹3,750-5,625 crore) in Tata Power Renewable Energy Ltd (TPREL), said people with knowledge of the matter. That will value the subsidiary of… Continue reading BlackRock looks to power Tata’s green business
Tata Motors Q2 net loss widens to INR 4,415.54 crore
Its revenue from operations stood at INR 10,996.02 crore, compared to INR 5,594.60 crore a year ago. New Delhi: Auto major Tata Motors on Monday reported a widening of its consolidated loss for the July to September 2021 quarter to INR 4,415.54 crore. The company had posted a consolidated loss of INR 307.26 crore for… Continue reading Tata Motors Q2 net loss widens to INR 4,415.54 crore
October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve
The top two carmakers of the Indian auto industry reported a fall in domestic sales ranging from 30 per cent. New Delhi: Diwali is here and so is hope for a better business for the automotive OEMs. Normally, the festive season sales account for about 40% of the annual vehicle sales. But this year the… Continue reading October 2021 sales: PVs marred by supply constraints, 2Ws in red, CV sales improve