20 May 2024
Union Minister Hardeep Singh Puri highlighted the remarkable growth of India's urban metro transport, noting that the country is on track to have the world's second-largest urban metro system in the next two and a half years. He emphasized the success of Delhi's metro system, with 73 lakh riders daily, contributing to easier city commutes despite its expanding population. Puri also discussed advancements in the criminal justice system and police modernization under Prime Minister Narendra Modi's leadership.
20 May 2024
The four automakers with the lowest proportion of forecasted EV production in 2030 are all from Japan (Suzuki at 10%, Honda at 24%, Toyota at 29% and Mazda at 30%), with Toyota, Mazda and Suzuki all receiving the lowest performance, says InfluenceMap in its latest report titled, “Automakers and Climate Policy Advocacy: A Global Analysis.
19 May 2024
India aims to lead in sustainable critical mineral production, per Hindustan Zinc's Chairperson Priya Agarwal Hebbar. These minerals, including cobalt, copper, lithium, nickel, and rare earths, are crucial for clean energy technologies such as wind turbines and electric cars.
19 May 2024
Kant says that India has drafted an EV policy and all the companies have to follow only that policy. India will not change its EV policy according to some specific companies.
18 May 2024
The development comes weeks after Tesla chief Elon Musk cancelled his much-hyped visit to India in April. Tesla is yet to communicate its India plans to the government under the new EV policy, the official said. Musk, who was scheduled to visit India April 21-22, postponed his visit at the last moment, citing “very heavy Tesla obligations”.
18 May 2024
American tech billionaire Elon Musk, who was scheduled to visit India on April 21-22, had postponed his visit at the last moment citing "very heavy Tesla obligations".
15 May 2024
State-run miners Coal India and NMDC are venturing into lithium mines in Chile and Australia, aiming to secure critical minerals. India's Mines Ministry encourages state-owned firms like ONGC Videsh to explore overseas. Delegations will visit Zambia and Congo for joint exploration. India eyes trade pacts for access to critical minerals globally, including with Chile and Mongolia.
15 May 2024
GTRI warns of China dumping in India due to US tariffs. India can gain from higher duties on medical items. Trade with China surpasses that with the US. GTRI advises vigilance by Indian trade authorities, ramping up production for US market exports.
15 May 2024
The group, which owns several brands including Chrysler, Citroën, Fiat and Jeep, is considering locally manufacturing affordable electric vehicles from its Chinese joint venture partner Leapmotor at its facility in Thiruvallur, Tamil Nadu.
14 May 2024
The India Pavilion, set up by the Ministry of New and Renewable Energy is said to be one of the largest pavilions at the Summit.
14 May 2024
India's diesel exports to Europe dropped to 210,000 bpd in April due to US and Gulf competition. Vortexa tracked weakened margins. Asian exports grew. Ukrainian conflict spurred Russian diesel replacement.
13 May 2024
Suzuki Motor Corp intensifies SUV focus in India to regain market share. Strong financial growth in net sales and operating profit reported. Plans new production line and record sales for FY. New strategies to be unveiled by FY2024 end.
13 May 2024
India's coal import surged by 7.7% to 268.24 MT in FY24, driven by lower seaborne prices and anticipated rise in power demand during summer. March FY24 saw an increase to 23.96 MT. Non-coking coal import was 15.33 MT, while coking coal import stood at 5.34 MT. Domestic coal production in FY24 grew by 11.65% to 997.25 MT.
12 May 2024
Just a decade ago, Indian GDP was the eleventh largest in the world. Currently, India's GDP is estimated to be around USD 3.7 trillion.
12 May 2024
The company sells CNG trims across various models like WagonR, Brezza, Dzire, and Ertiga, among others in the domestic market. Bharti said the company's capacity expansion by around 1 lakh units per annum at its Manesar plant, Haryana largely addresses the Ertiga supply issues. Ertiga CNG demand is huge in the market leading to supply issues, he noted.
12 May 2024
The ePlane e200, a two-seater aircraft developed by the ePlane Company, boasts a travel range of 200 kilometers, making it ideal for intra-city commute and cargo transportation. With a cruise speed of 160 kmph and a top speed of 200 kmph, the ePlane e200 promises to significantly reduce travel time and alleviate urban traffic congestion.
09 May 2024
The chairman of the natural resources conglomerate Vedanta said that not only are these minerals fundamental for new age technologies, they are also green metals.
08 May 2024
India's exports of diesel and petrol fell by a fifth year-on-year to USD 33 billion in 2023-24 due to declining international prices. Diesel generated the largest share of export revenues for Indian refiners, accounting for USD 22 billion of the USD 48 billion earned by exports of refined fuels. The war in Ukraine and Western sanctions on Russia caused fuel prices to rise, boosting export earnings for Indian refiners.
07 May 2024
Ampin Energy Transition raised USD 35 million to expand solar capacity to 10GWp by 2030, supporting India's 500 GW renewable energy target. The investment aims to drive the transition for commercial and industrial customers, led by CEO Pinaki Bhattacharyya.
06 May 2024
VST Zetor Private Ltd, in collaboration with HTC Investments, introduced three 41-50 HP tractors, featuring a DI Engine and dual-acting power steering. These tractors aim to meet various farming applications in India.