ELECTRIC VEHICLES DELHI
Rising crude prices could push India's inflation by upto 1 percentage point, diversified imports helping secure oil supplies: EY's Gaurav Moda
Gaurav Moda, Partner and Energy Industry Leader at EY India said the increase in crude oil prices from an average of $60-65 per barrel to $90-95 has significantly raised India's energy import costs, even as the country continues to prioritise securing supplies amid geopolitical uncertainties.
Rs 600 for 1,000 km journey: Nitin Gadkari proposes Rs 3 per unit for EV charging at night and Rs 5 during the day to boost electric vehicle adoption
Union Minister Nitin Gadkari has suggested Maharashtra Chief Minister to charge Rs 3 per unit for electric vehicle (EV) charging at night and Rs 5 during the day to encourage EV adoption. At the proposed night-time rate, an electric car delivering 5 km per unit could travel 1,000 km for just Rs 600. Gadkari said cheaper night-time electricity could make EVs more attractive to buyers.
GRAP II imposed in Delhi with immediate effect amid 'very poor' air quality; check key restrictions
GRAP Stage II has been implemented in Delhi-NCR due to a significant decline in air quality. The Commission for Air Quality Management reported an increase in the AQI from 117 to 324 recently. These figures indicate a shift to the 'very poor' category following unfavorable weather conditions. Authorities will now intensify measures to reduce dust pollution and promote public transportation.
Delhi's winter pollution curbs kick off with Rs 68.4 lakh in fines, 1,539 vehicles turned back on day one
The Winter Action Plan kicked off successfully in Delhi, with enforcement teams collecting fines of Rs 68.4 lakh on day one. A total of 14,930 vehicles underwent inspection, with 1,539 turned back and 566 challans issued for pollution discrepancies. In their efforts to mitigate dust pollution, officials examined 300 construction sites, resulting in Rs 9.8 lakh levied for infractions.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
Oil prices matter to the Indian economy, and the market responded with a smart rally as Brent crude cooled significantly on Monday. The rally was broad-based and involved all segments. But too much should not be read into one day’s showing. The thing to watch remains the results of the US mid-term elections which will be known in India through Wednesday. It will decide which way the market will move in the coming days and weeks.
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Maxop Engineering buys majority stake in Faith Automation
Faith manages every stage of a project, from process planning and mechanical design through robot programming, system integration and on-site commissioning. It has revenues of around Rs 300 crore. Its clients include Honda, Mahindra & Mahindra and Stellantis. The company's founding team led by Nilesh Pandhare and six of his colleagues previously worked at Italian firm Comau, which was part of Stellantis.
Andhra Pradesh beats Tamil Nadu to win Rs 1,614 crore investment from three Hyundai, Kia suppliers
Three South Korean automotive component manufacturers have committed to invest ₹1,614 crore in Anantapur, Andhra Pradesh. Hwashin, Seoyon, and Iwamet have signed MoUs with the state government for setting up facilities. The investments follow Andhra Pradesh's proactive efforts to attract global manufacturing investments. These projects are expected to create 1,418 jobs, enhancing the region's automotive manufacturing capabilities.
Electric car sales nearly double in October
Electric car sales in India nearly doubled year-on-year to 35,777 units in October, taking their share of passenger vehicle sales to 7% from 3.2% a year earlier. Tata Motors led with a 40.7% market share, followed by Mahindra at 23.7%, as high fuel prices and expanding charging infrastructure supported demand.
Indian Bank targets Rs 100 cr lending under EV charging scheme in FY27: MD
Indian Bank has set a lending target of Rs 100 crore for electric vehicle charging infrastructure. The bank launched IND Green Charge for public, captive, and fleet charging stations under various models. It plans to promote entrepreneurship and support India's transition to sustainable mobility with this initiative. The scheme will provide loans up to Rs 10 crore for a maximum tenure of eight years.
Sona Comstar expects annual investments to rise from Rs 500-600 cr as business grows: MD
Sona BLW Precision Forgings Ltd expects to increase its annual investments from Rs 500-600 crore as it grows. The company has introduced new products like helical slip differentials and radar sensors during the September quarter. Currently, India contributes roughly 50 percent of its business, which is projected to remain stable as they expand internationally. The company aims to diversify supply chains and enhance its design and manufacturing capabilities.
BS-IV vehicles barred, WFH mandates, construction ban: Delhi’s winter pollution crackdown begins
Delhi has introduced measures to address winter air pollution, including vehicle restrictions and construction curbs. Many government and private offices will operate with a 50% capacity requirement to reduce emissions. Restrictions will apply to older vehicles and dust-generating construction activities during this period. Schools have also been instructed to implement dust-control measures and promote public transport. Authorities plan to monitor compliance with these pollution curbing measures across the region.
Delhi pollution restrictions from November 1: 50% WFH, parking charges to double, vehicle curbs and more; check full list under winter action plan
Delhi vehicle restrictions from November 1: The Delhi government will enforce various anti-pollution measures to improve air quality from November 1. From restricting older vehicles to banning dust-generating construction activities, the government has launched a winter action plan to combat the air pollution that chokes the city annually. Under the restrictions, parking charges will double to discourage the use of private vehicles and encourage public transport usage. Additionally, a 50% work-from-home policy will also be implemented in government and private offices during the winter months.
Bali's petrol queues offer a reality check for India's holidaymakers
Bali is currently facing a fuel supply crisis that is causing significant disruption for travelers. Traffic jams and fuel shortages have led to longer wait times for airport transfers and local commutes. Authorities have implemented measures to improve fuel distribution and manage demand effectively. Despite challenges, tourist arrivals remain steady, contributing to the local economy. Travelers are advised to check fuel availability before visiting popular attractions in Bali.
High Court refuses urgent listing of plea against ban on non BS VI vehicles in Delhi from Nov 1
The Delhi High Court has dismissed a plea challenging the ban on non-BS VI vehicles entering the city. This regulation is set to begin on November 1 and affects many individuals traveling from NCR. The court found no urgency or issues with the decision made by the Delhi government. The restriction aims to combat persistent air pollution caused by vehicular emissions in Delhi.
Delhi gears up for pollution curbs from Nov 1; vehicle restrictions, construction ban among measures
Delhi is preparing to implement various measures aimed at reducing air pollution starting from November 1. Restrictions on certain vehicles, a ban on dust-generating construction, and increased parking charges will be enforced. The entry of vehicles not meeting BS-VI emission standards will be prohibited from November 1 to January 31.
Delhi traffic restrictions on October 31 for Run for Unity: Routes, diversions, timings and commuter advisory
Traffic restrictions will be implemented in Delhi for the 'Run for Unity' event scheduled on October 31. The event commemorates the 151st birth anniversary of Vallabhbhai Patel and will affect several roads. Participants will start at Major Dhyan Chand National Stadium near India Gate and conclude at Subhas Chandra Bose's statue. Commuters are advised to avoid unnecessary travel in affected areas during the designated hours.
Delhi air pollution: How to fight toxic air and protect the city’s trees amid worsening air quality
Delhi's escalating pollution crisis has dire implications for both its inhabitants and its trees. Toxic air diminishes chlorophyll production and hinders moisture retention in greenery. While species like neem and amaltas exhibit resilience to pollution, they urgently require safeguarding. Prioritising public transport enhancements, rigorous dust management, and eliminating open burning will be vital.
Delhi vehicle entry rules: When will new GRAP restrictions begin? Check which vehicles are allowed and which are not
Beginning November 1, 2026, the government of Delhi will impose new vehicle entry restrictions aimed at reducing air pollution levels. To gain entry, all vehicles must adhere to BS-VI emission standards and must possess a valid Pollution Under Control Certificate. This initiative addresses the urgent need for improved air quality, prompting motorists to verify their vehicle's compliance before traveling into the national capital.
Tractor demand drying to likely 3-year low at arid farms
Tractor sales are projected to fall by up to 10% year-on-year, while vehicle dealers in some markets are also seeing sharp declines in sales of entry-level cars and two-wheelers. Tractor sales were up 8% to 610,000 units in the first half of the current year from a year-ago period, according to Tractor and Mechanisation Association. The pressure is also visible in entry-level motorcycles and cars, which have a large rural market.
IIP growth eases to 4-month low in September as mining output contracts
September witnessed a decline in India's factory output growth, falling to 6.7%, the lowest rate observed in four months. The drop is largely linked to a high base effect and decreased mining activity. Despite this, manufacturing output surged by 7.6% compared to the previous year, while electricity generation also grew, spurred by robust demand even with insufficient rainfall. Economists anticipate GDP growth to surpass 7% for the July-September period.
JSW Greentech gets JSW Cement order to supply 100 Ampstar trucks
JSW Greentech has secured an order for 100 AMPSTAR 4x2 electric tractor trucks to transport materials. The trucks will operate within a 330-km route between Nandyal in Andhra Pradesh and Vijaynagar in Karnataka. This initiative aims to reduce diesel dependency and lower emissions at JSW Cement sites. Battery-swapping infrastructure will support these trucks through a collaboration with JSW Eco-Mobility.
Tata Motors, Amazon partner to deploy 3,000 electric trucks for e-commerce logistics
Flagging off the fleet, Heavy Industries Minister H D Kumaraswamy said that while electric passenger vehicles and two-wheelers have made encouraging progress, the electrification of commercial transportation is equally important.
Govt should hike maize-based ethanol procurement rate by 9% to Rs 75 per litre: AIDA
The All India Distillers’ Association (AIDA) has approached the government with a request to elevate the maize-based ethanol procurement price to Rs 75 per litre. As maize prices continue to climb, AIDA expressed fears regarding the viability of grain-based distilleries and noted that current ethanol production plants are underutilized, which adversely affects profit margins.
Nearly half of Indian two-wheeler buyers eye EVs: BCG report
Around 43 percent of two-wheeler buyers are considering electric vehicles, showing a notable increase since 2024. The outright rejection of electric options has decreased from 38 percent to 29 percent among potential buyers. Electric two-wheelers now represent 9.9 percent of overall sales, a growth from 5.5 percent in previous years. As consumer ratings improve, major concerns remain regarding longevity and rough-road capabilities of these vehicles.
Hyundai Motor India to hike production capacity to 1.14 mn units by 2030,boost localisation
Hyundai Motor India plans to raise annual production capacity to 1.14 million vehicles by 2030 and increase localisation to 92% by 2032 as it expands its manufacturing base in India. The automaker is also broadening its SUV and powertrain portfolio, with more CNG, electric and hybrid offerings, including a mass-market compact electric SUV later this fiscal.
Financing demand set to shift to emerging sectors like AI, semiconductors: Report
India’s emerging sectors are set to attract fresh bank financing over the next three to five years, with AI, semiconductors and defence leading investment opportunities, according to a Union Bank of India report. Battery storage, green hydrogen, semiconductor packaging and defence suppliers could gain funding as industries expand. However, technology obsolescence, uncertain revenues and long payback periods remain key lending risks.
Tesla pitches Model Y at Rs 19,990 a month after fuel savings, with Rs 6 lakh down payment
Tesla is offering its Model Y electric SUV at an advertised effective monthly cost of Rs 19,990 during a three-day sales carnival from October 23 to 25 across India. The offer requires a Rs 6 lakh down payment, with a monthly instalment of Rs 39,990 under a seven-year step-up EMI plan at 8.5% annual interest, subject to financier approval.
Event data recorders may be mandatory for vehicles
By 2029, India's ministry of road transport and highways is looking to enforce the installation of event data recorders in vehicles to enhance safety and decrease road accident rates. Additionally, from 2030, passenger vehicles will be required to feature advanced emergency braking systems.
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