Autocar_Professional India Online News – Page 80

Recovery Rates for Stressed Road Assets to Double by FY27: CRISIL

Asset reconstruction companies (ARCs) are set to see cumulative recovery rates for stressed operational road projects double to approximately 120% by fiscal 2027 from fiscal 2025 levels, driven by timely annuity payments from the National Highways Authority of India (NHAI), healthy toll collections, and resolutions through the Insolvency and Bankruptcy Code (IBC), according to Crisil… Continue reading Recovery Rates for Stressed Road Assets to Double by FY27: CRISIL

ACMA Mobility Foundation, Spark Minda Organise Tech Show for Tier-2, Tier-3 Suppliers

The ACMA Mobility Foundation and Spark Minda Group organised the Spark Connect Tech Show, bringing together 25 supplier partners for targeted buyer-seller engagement aimed at improving visibility and capability development for Tier-2 and Tier-3 suppliers in the automotive supply chain. The initiative marks a shift in ACMA’s approach from OEM-led showcases to Tier-1-hosted platforms, enabling… Continue reading ACMA Mobility Foundation, Spark Minda Organise Tech Show for Tier-2, Tier-3 Suppliers

EU Revises 2035 Emissions Target, Allows Combustion Engines with Offsets: Reuters

The European Commission unveiled a plan on December 16 to revise its effective ban on new combustion-engine cars from 2035, according to Reuters. The proposal marks a shift in EU climate policy following pressure from the automotive sector in Germany and Italy. Under the revised plan, EU targets would shift to a 90% cut in… Continue reading EU Revises 2035 Emissions Target, Allows Combustion Engines with Offsets: Reuters

ElectriGo Launches Electric Bus Leasing Platform, Signs MoU with GEMS for 50 Buses

ElectriGo launched its electric bus leasing platform targeting private bus operators in India on December 17, 2025, and signed a Memorandum of Understanding with Green Energy Mobility Solutions Ltd (GEMS) for deploying 50 electric buses across key transport routes. The MoU was formalised on August 1, 2025 in Chennai to accelerate commercial adoption of electric… Continue reading ElectriGo Launches Electric Bus Leasing Platform, Signs MoU with GEMS for 50 Buses

ElectriGo Launches Electric Bus Leasing Platform, Signs MoU with GEMS for 50 Buses

Bavish Aggarwal Offloads Ola Electric Shares Worth Rs 91.9 Crore in Block Deal

At a time when Ola Electric is grappling with a consistent decline in sales and sharp erosion in market share, Co‑founder and CEO Bhavish Aggarwal has reduced his stake in the company by 0.6%, selling shares worth Rs 91.89 crore. According to the bulk deal data from the National Stock Exchange, Aggarwal sold 2.63 crore shares… Continue reading Bavish Aggarwal Offloads Ola Electric Shares Worth Rs 91.9 Crore in Block Deal

Bavish Aggarwal Offloads Ola Electric Shares Worth Rs 91.9 Crore in Block Deal

Autocracy Machinery Launches Rudra Prime Pro and Mini at EXCON 2025

Autocracy Machinery unveiled its Rudra Prime Pro and Rudra Prime Mini multi-utility machinery at EXCON 2025 in India. The launch, led by CEO Ms Santhoshi Sushma Buddhiraju and Founder & CTO Laxman Vallakati, introduces patented technology designed for infrastructure, utilities, and high-risk project applications with a focus on safety, productivity, and reduced operating costs. Rudra… Continue reading Autocracy Machinery Launches Rudra Prime Pro and Mini at EXCON 2025

Waaree Energies Secures ALMM List-II Approval for Solar Cells

Waaree Energies Limited has received approval under the Ministry of New & Renewable Energy’s Approved List of Models and Manufacturers (ALMM) List-II for its solar photovoltaic cells, marking an expansion of the company’s domestic manufacturing credentials. The approval, announced through MNRE’s 3rd Revision of ALMM List-II on December 15, 2025, covers Waaree’s solar cell manufacturing… Continue reading Waaree Energies Secures ALMM List-II Approval for Solar Cells

PM EDRIVE Delivers 1.13 Million Vehicles with Reduced Subsidies

India’s PM EDRIVE scheme delivered 1.13 million electric vehicles in its first year while offering half the per-vehicle subsidy compared to the previous FAME II program, according to a new study by the Council on Energy, Environment and Water. The scheme reduced per-unit demand incentives to INR 5,000 per kilowatt-hour, yet enabled 3.4 times higher… Continue reading PM EDRIVE Delivers 1.13 Million Vehicles with Reduced Subsidies