ELECTRIFICATION
Thousands march in Antalya, calling out COP31's lack of climate ambition
Thousands of demonstrators marched peacefully from Aydin Kanza Park to Republic Square in central Antalya, expressing disappointment that while world leaders recognise that average global temperatures are set to increase by more than 1.5 degree Celsius, there is no plan on how to accelerate the transition away from fossil fuels, protect ecosystems and deliver the climate finance needed to make it happen and support communities to adapt.
World switches on to electrification; India holds back
COP31 in Antalya emphasizes electrification, with Turkiye targeting 35% by 2035 and several countries signing the pledge. India, despite its growing electricity demand and near-universal grid access, has not yet joined the initiative. Concerns about new commitments and clean energy targets are influencing India's decision. The International Energy Agency predicts a significant increase in India’s electricity share by 2035.
UN climate chief urges speed as COP31 confronts fossil fuel divide
The annual UN climate conference faces new challenges this year as a slew of crises from war to inflation push global warming down the list of priorities for world governments.
Base metals lose momentum amid strong dollar and demand concerns
One of the key reasons behind the weakness in base metals is the strength of the US dollar. The Dollar Index (DXY) has climbed to the 103-104 range, supported by resilient US economic data, elevated Treasury yields, and expectations that the Federal Reserve may keep interest rates relatively restrictive for longer.
COP Presidency releases summary as climate talks resume after leaders' exit
The COP31 Presidency clarified that the document is a list and does not represent any consensus or indicate the strength or prevalence of individual positions. It lists key issues on the table: a global roadmap for the transition away from fossil fuels, electrification, the overshoot of the 1.5°C threshold and climate finance.
Rising middle-class aspirations drive demand, create jobs and fuel economic growth: PM Modi
Prime Minister Narendra Modi said rising aspirations among India’s expanding middle class are driving consumer demand, job creation and economic growth. Speaking after launching projects worth ₹15,000 crore in Bengaluru, he highlighted tax relief and GST cuts aimed at boosting household savings and disposable income.
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Delhivery eyes 20,000 intracity vehicles in five years
Delhivery plans to expand its intracity fleet to nearly 20,000 vehicles over the next four to five years, while making EVs the only option for new additions. The company plans to invest ₹80-100 crore in charging and parking infrastructure and fleet-partner support, as it seeks to lower fuel costs and offset rising labour and operating expenses.
Tata Motors' JLR prepares four new luxury launches, Jaguar Type 01 production to begin in 2027
Jaguar Land Rover is set to expand its electric luxury vehicle offerings with four new models. These include the Range Rover Electric, Range Rover Sport Electric, Range Rover GT, and the Jaguar Type 01. Production for the Jaguar Type 01 is scheduled to commence in 2027, according to JLR's Chief Financial Officer. The new models will target various segments within the premium vehicle market.
Neo-middle class driving India’s demand, jobs & economic growth: PM Modi
Prime Minister Narendra Modi on Friday said rising aspirations and spending power of India’s expanding middle class are driving demand, creating jobs and supporting economic growth.
Car sales hit record 5.19 lakh in October, two-wheeler demand rises 16%
Car sales rose significantly in October, reaching a record-high driven by strong demand ahead of festivals. The total number of hatchbacks, sedans, and utility vehicles sold increased by 12.4% year-on-year. Two-wheeler sales also improved, growing by 16.1%, with scooters performing particularly well. Demand across both segments was supported by better credit availability and the need for replacements. Overall, the outlook for the automobile market appears positive for future sales.
India’s fuel demand to keep climbing until 2034 despite EV boom
By 2034, India's road fuel demand is projected to exceed 2.5 million barrels per day, fueled by a rise in vehicle numbers and a surge in commercial transportation. While electric vehicles are expected to gain popularity, particularly in the two-wheeler and three-wheeler markets, a robust charging infrastructure investment of around $29 billion will be crucial by 2040.
Bengaluru-Mangaluru-Madgaon Vande Bharat launched: New train takes passengers through Western Ghats & beach towns; check all 13 stops and timings
Bengaluru-Mangaluru-Madgaon Vande Bharat launched: Prime Minister Narendra Modi flagged off the new Yesvantpur-Madgaon Vande Bharat Express on Friday, November 13, connecting Bengaluru with Goa through coastal Karnataka. The train will pass through key destinations, including Hassan, Sakleshpur, Mangaluru, Udupi, Murdeshwar and Karwar. Regular services will begin on November 15. Check the complete route, station-wise timings, schedule and other details.
India’s passenger vehicle sales grow 12.4% to record 5.19 lakh units in October: SIAM
In October 2026, the domestic vehicle market witnessed unprecedented growth, with passenger vehicle sales hitting 5,19,060 units, a record-breaking achievement. The two-wheeler segment also thrived, posting a year-on-year increase of 16.1%, while three-wheelers saw a notable 25.7% rise in sales. This strong demand highlights a shift in consumer preferences towards electrification and improved access to credit, indicating a promising outlook for the automotive landscape.
"Very salient": UN climate chief backs PM Modi's remarks on clean energy cushioning India against oil price shock
UN climate chief Simon Stiell has endorsed Prime Minister Narendra Modi's remarks that clean energy investments helped India withstand the oil price shock, calling them "very salient". Stiell also welcomed India's Green Energy Corridor, emphasising the role of renewable energy, stronger electricity grids and battery storage in protecting economies.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
PM Modi in Bengaluru on Nov 13, to launch Rs 15,600 Cr projects, flag Off Goa Vande Bharat
Prime Minister Narendra Modi will visit Karnataka on November 13 to launch and lay the foundation stone for infrastructure, energy, transport and urban development projects worth more than Rs 15,600 crore across Bengaluru and Mysuru.
Climate crisis is outrunning world, UN chief Antonio Guterres warns leaders at COP31
UN Secretary-General Antonio Guterres addressed world leaders at the COP31 summit in Turkey regarding climate change action. He warned that the slow international response threatens the planet's future and urged countries to implement clean energy solutions. Negotiators from nearly 200 nations are currently seeking agreement on enhancing electricity's role in global energy consumption. The summit occurs amid significant geopolitical challenges and alarming climate data highlighting increasing global temperatures.
World leaders begin talks as COP31 faces pressure to turn climate promises into action amid rising global warming
World leaders are gathering in Turkey for the UN climate conference COP31 amid mounting pressure to translate climate commitments into concrete action. The summit comes after a year of deadly climate-related disasters, stalled progress on fossil fuel reductions and growing concerns that global warming will exceed the 1.5°C threshold set under the Paris Agreement. Rising energy prices linked to the Iran war and the absence of the US delegation add to the challenges facing negotiations.
COP31: Limiting 1.5°C overshoot, speeding up electrification emerge as top priorities
Limiting the duration and extent of a global temperature overshoot beyond the 1.5°C threshold and accelerating electrification have emerged as key priorities at COP31 in Antalya. The Turkiye-Australia leadership wants these issues included in the conference's negotiated cover decision, while also demonstrating that international cooperation on climate action remains effective.
Global climate talks open with big questions, smaller goals
Climate negotiators from nearly 200 countries are attending COP31 in Antalya, Turkey, to address rising global temperatures and emissions. The summit will focus on achieving existing commitments rather than making ambitious new goals amidst geopolitical tensions and financial constraints.
Growing demand, demographics, digital agenda & energy security are long-term and secular tailwinds for India: Macquarie’s Ed Northam
Head of green Investments for the Australia’s largest asset manager said the firm is looking to reboot its India operations. While renewables will remain the biggest focus, industrial energy transition and E-mobility will be other key areas, he said. Since 2005, Green Investments group has deployed over $21 billion across 94 investments worldwide.
India's net-zero transition aim by 2070 offers $22.7 tn investment opportunity for global capital
India's push to achieve net-zero emissions by 2070 could unlock a $22.7 trillion investment opportunity across renewable energy, power grids, battery storage, green hydrogen and clean technologies, according to a report by Australian economist Nicki Hutley. The report estimates a $6.5 trillion funding gap, which will require international capital to bridge.
Explained: Why copper prices could fall further after four-month low amid US election outcome
Copper prices fell to a four-month low following the US midterm election outcome, which raised doubts over AI data centre demand and import tariffs. Despite a minor Monday bounce and tight supply constraints, analysts at TD Securities warn of potential further downside in the near term.
World's largest climate summit COP31 opens as climate and geopolitical pressures mount
The UN climate talks are set to begin in Antalya, where rising temperatures create an urgent need for global cooperation. More than 100,000 attendees from nearly 200 countries are expected to discuss climate action and funding for developing nations. The ongoing geopolitical tensions complicate negotiations, especially regarding fossil fuel transitions. Additionally, developing countries are advocating for increased adaptation finance to combat climate impacts.
COP31 gives India an opportunity to shape climate action, build coalition of developing nations
COP31 in Antalya presents India with an opportunity to showcase its low-carbon transition and build common ground with developing countries. While New Delhi is expected to press developed nations for climate finance and resist new targets or fossil-fuel transition roadmaps, it can push for better financial flows and collaborative action.
Geopolitical tensions, climate finance and 1.5°C breach cloud COP31 negotiations
Kicking off in Antalya, the UN climate conference COP31 will tackle significant climate action issues. With around 160 matters on the agenda, delegates will discuss emission cuts and strategies for global adaptation. Political strains and economic challenges pose obstacles, but Turkiye and Australia are at the helm, advocating for actionable solutions and financial commitments for developing nations, striving for a unified decision on essential climate concerns.
Force Motors to launch electric Traveller platform and ambulance by 2027, investing ₹3000 cr in EV technology
Force Motors intends to launch an electric version of the Traveller platform in the first quarter of 2027. An electric ambulance is expected to be among the initial offerings of this new vehicle. Development and testing of these vehicles are currently being conducted with the Automotive Research Association of India. The company is making significant investments in manufacturing capacity and electrification initiatives for its vehicles.
In a divided world, COP31 aims for agreement on electrification
COP31, kicking off November 9 in Antalya, Turkey, is all set to spotlight the global push for electrification. With a target to raise electricity's contribution to final energy demand to 35% by 2035, nations are keenly examining how electrification can effectively curb fossil fuel use.
COP31: EU FTA on horizon, but India won't budge on CBAM
India's environment minister Bhupender Yadav reaffirmed the country's opposition to trade-linked barriers at COP31. The upcoming negotiations will focus on the EU's Carbon Border Adjustment Mechanism affecting various Indian sectors. Participation in carbon markets should remain voluntary, according to Yadav. Additionally, India emphasizes the importance of climate finance from developed nations.
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