Attributing the slide in rupee and other currencies against the US dollar to the aggressive monetary tightening by the US Federal Reserve, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Wednesday that the depreciation of the Indian currency has been lower than other major global currencies such as the Euro, the British pound and… Continue reading Rupee depreciation lower than other major currencies: CEA V Anantha Nageswaran
Author: Economic Times of India Online News
Automakers targeting average households with new crop of EVs
WARREN: In their first rollouts of electric vehicles, America’s automakers targeted people who value short-range economy cars. Then came EVs for luxury buyers and drivers of pickups and delivery vans. Now, the companies are zeroing in at the heart of the US auto market: The compact SUV. In their drive to have EVs dominate vehicle… Continue reading Automakers targeting average households with new crop of EVs
Delhi to get massive boost in EV charging network this year: Details explained
Charge Point Operators of India (CPOS) has approved Joulepoints’ proposal for setting up 5,000 EV chargers across Delhi by the end of this year as a part of a pilot project. Joulepoint will be working with Alektrify to install these charging points at 2,000 allotted locations for piloting under Ease of Doing Business (EoDB). The… Continue reading Delhi to get massive boost in EV charging network this year: Details explained
Caution & strict testing key to avert EV blazes: Experts
Pune: E-mobility experts advised caution and stricter testing of electric vehicle (EV) batteries on Tuesday, a day after seven e-bikes were gutted in a fire triggered by suspected battery overheating at a showroom on Kondhwa-Bibvewadi Road on Monday evening. Thermal runaway situations, which involve short-circuiting of battery cells leading to an uncontrollable generation of heat,… Continue reading Caution & strict testing key to avert EV blazes: Experts
Auto sector to create at least 1 cr jobs for youth in 5-6 years: Chandrasekhar
Minister of State for Skill Development and Entrepreneurship Rajeev Chandrasekhar The automobile sector in India will create at least one crore jobs for youth over the next 5-6 years, Minister of State for Skills and Development Rajeev Chandrasekhar said on Tuesday. While speaking at a memorandum of understanding signing between Toyota Kirloskar Motor and Automotive… Continue reading Auto sector to create at least 1 cr jobs for youth in 5-6 years: Chandrasekhar
Audio Interview: Navigating a Confluence of Global Challenges – Mobility in the Eye of the Storm
Ryan Robinson is the research leader supporting the global Automotive sector for Deloitte’s Consumer Industry Center at Deloitte LLP. His primary focus is creating engaging, actionable insights to deepen the conversation around key trends and issues occurring across the global automotive sector landscape. [embedded content] Follow and connect with us on Twitter, Facebook, Linkedin, Youtube… Continue reading Audio Interview: Navigating a Confluence of Global Challenges – Mobility in the Eye of the Storm
Enabling commercial spaces for EVs: Five reasons why
If 2022 has made one trend clear, it is that electric vehicles (EVs) and EV charging can no longer be ignored. Here is some data to chew on. In its Electric Vehicle Outlook 2022 report, Bloomberg NEF projects that plug-in vehicles are predicted to make up 23% of new passenger vehicle sales globally in 2025,… Continue reading Enabling commercial spaces for EVs: Five reasons why
Indian importers feel the heat as rupee depreciates over 7%
Fears of widening current and trade account deficits are among factors that have hit the rupee. India’s importers including of crude oil, commodities, chemicals and electrical machinery, besides business travellers and students studying abroad have been hit hard following a sharp depreciation of rupee against the dollar this year. The rupee has depreciated over 7%… Continue reading Indian importers feel the heat as rupee depreciates over 7%
EVs in India should not be too silent: Draft standards
Representative Image Electric vehicles in India need not be too silent and should be loud enough to alert pedestrians and those nearby according to new norms proposed by the Automotive Industry Standards Committee (AISC). The freshly proposed standards cover four wheelers used for the carrying passengers, and those for carrying goods. Car manufacturers will have… Continue reading EVs in India should not be too silent: Draft standards
Few states seek extension of GST compensation for 5 years: FM Nirmala Sitharaman
Finance Minister Finance minister Nirmala Sitharaman on Monday informed the Lok Sabha that a few states including Telangana have sought a five-year extension for the compensation paid to them for revenue shortfall due to GST implementation. As per section 18 of the Constitution (One Hundred and First Amendment) Act, 2016, Parliament shall, by law, on… Continue reading Few states seek extension of GST compensation for 5 years: FM Nirmala Sitharaman