In Short : The Centre has urged the automobile sector to accelerate the shift to electric vehicles amid an energy crunch linked to the Iran conflict. The move aims to reduce dependence on oil imports and enhance energy security. Rising fuel price risks and supply disruptions are prompting policymakers to promote EV adoption and alternative […]
India’s Auto Sector Can Slash Emissions 87% by 2050 with Green Power and Low-Carbon Steel – EQ
In Short : India’s auto manufacturing emissions could drop by 87% by 2050 through full adoption of renewable energy and low-carbon steel, according to a CEEW report. Transitioning to hydrogen- and scrap-based steel production, along with decarbonizing the supply chain, is critical. With Scope 3 emissions making up over 83% of total emissions, industry-wide collaboration […]
Electric Vehicles Gain Ground as Market Share Nearly Doubles in India’s Auto Sector – EQ
In Short : Electric vehicles (EVs) in India have nearly doubled their market share, driven by rising consumer demand, improved charging infrastructure, and supportive government policies. Automakers are rapidly expanding EV portfolios across segments. With growing awareness of sustainability and cost-efficiency, electric cars are gaining significant ground, signaling a major shift in India’s automotive landscape […]
PLI scheme for auto sector draws 67,690 cr investment, exceeds target; over 28,000 jobs created
In Short : The Production-Linked Incentive (PLI) scheme for the auto sector has attracted an investment of ₹67,690 crores, surpassing its target. This successful outcome signifies a robust response from the industry, contributing to economic growth and job creation with over 28,000 jobs generated. In Detail : Soon India will be the 3rd largest economy […]
Budget 2023 Expectations: Auto Sector – Will Electric Vehicles Become Cheaper? More Subsidy? What EV Makers Seek – EQ Mag
Budget 2023 Expectations from EV Sector: In its pre-Budget recommendations, the industry body also called for a uniform 5 per cent GST on spare parts for electric vehicles. Budget 2023 Expectations from EV Sector: Society of Manufacturers of Electric Vehicles on Tuesday sought extension of subsidies for EVs under the FAME II scheme and also […]
