July auto wholesales in green, yet below previous highs: SIAM
According to the industry body, the total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles in July 2022 was 2,197,954 units.
According to the industry body, the total production of passenger vehicles, three-wheelers, two-wheelers and quadricycles in July 2022 was 2,197,954 units.
Exports of almost 1,800 products of plastics, fur, stone, plaster, cement, asbestos, and machinery and mechanical appliances will cease to get the benefits and make Indian goods more expensive with exporters paying 6.5% duty for certain plastic products where the tariff is nil at present. Their exports to the EU in 2021 were $7.9 billion.
About 150 million people travel by bus daily and yet the number of buses deployed are still not enough to meet their everyday commuting needs. These buses will save over 286000 tonnes of Co2 emission which is equivalent to 1.7 million trees capacity to consume Co2 and 86 million litres of fuel.
According to the new report, 'Landscape of Green Finance in India', the tracked green finance in 2019-2020 was Rs 309,000 crore ($44 billion) per annum, which is less than a fourth of India's needs.
"The natural resource sector will play a pivotal role in India's growth and employment story as the nation strives to become Aatmanirbhar. Even small policy reforms can unleash the true potential of this sector," Agarwal said at the company's 57th annual general meeting.
Expectations that the Fed will raise rates by 75 basis points dropped to near 40% from 70% prior to the data, according to the CME FedWatch Tool.
The automobile industry in India has been witnessing a gradual improvement in month-on-month sales for most segments barring tractors.
The sectors that India is focusing to invest include renewable energy, hydrocarbons, ports and infrastructure, IT and hospitality, highly placed sources told ET.
The report estimates that for India to achieve its Nationally Determined Contributions (NDCs) under the Paris agreement, the country requires approximately Rs 162.5 lakh crore (USD 2.5 trillion) from 2015 to 2030 or roughly Rs 11 lakh crore (USD 170 billion) per year, the US-based organisation said in a statement.
"The recent strong run of data increases our confidence that India is well positioned to deliver domestic demand alpha, which will be particularly important as developed markets' growth weakness percolates into Asia's external demand," Morgan Stanley said.
"Our assessment suggests that if the credit profile of these entities does not undergo any change ... there could be an average impact of around two notches to the existing ratings," said Jitin Makkar, senior VP, Icra.
"E20 petrol (petrol blended with 20 per cent ethanol) in some quantity will be available from April 2023 and the rest to be covered by 2025," he said.
India, one of the world's biggest emitter of greenhouse gases, has set a 2070 goal for net zero carbon emissions and has expedited steps to switch to cleaner energy to cut projected emission by a billion tonnes by 2030.
With its maiden gigafactory set to start production next year, local production of lithium-ion cells is expected to reduce the cost of the battery packs by almost 40% and of EVs by 20-25%. The added advantage is they would also be safer.
The company reported profit before tax (before exceptional items and one-offs) of INR 196 crore for the quarter and INR 394 crore for Hl 2022. This was mainly driven by better price realizations, capacity utilization, revenue mix, and volumes, the company said.
In such pacts, two or more countries significantly reduce or eliminate customs duties on maximum number of goods traded between them. Besides, they ease norms for promoting trade in goods and investments.
The Delhi High Court has appreciated steps taken to implement the climate change commitments made by Prime Minister Narendra Modi after the court was told the government has approved India's updated Nationally Determined Contribution (NDC) under the Paris Agreement.
At present, most of the funding has been skewed towards digital payment firms. Of the total $7.8 billion raised by the sector last year, $3.5 billion (roughly 44%) went to fintech payment firms, it said.
India has a lot to gain from the widespread adoption of Electric Mobility (e-mobility). The comprehensive EV charging solutions can fulfil the needs for various applications such as parking, workplace, fleet, residential buildings, etc. Let’s first discuss the basics of EV chargers and their broader classifications based on Connection and Vehicle Technologies.
Although the problem of this ever-increasing e-waste is complex, yet it provides great value as these e-wastes are a rich source of precious metals that can be recovered and reincorporated into the manufacturing process.
Name | DIN | Designation | Date of joining | |
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Alamgir Kassam Thakur | Unlock to View | Unlock to View | Director | 03 Jan,2014 |
Zeeshan Alam Thakur | Unlock to View | Unlock to View | Director | 03 Jan,2014 |
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
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