New Delhi, June 29 (IANS) In a major push to infrastructure financing and long-term economic development, the Union Cabinet chaired by Prime Minister Narendra Modi on Monday approved an additional government investment commitment of Rs 30,000 crore to the National Investment and Infrastructure Fund (NIIF). The fresh allocation doubles the Government of India’s total commitment to the sovereign-backed investment platform to Rs 60,000 crore.The decision is aimed at accelerating investments in cr…
Latest Electric Mobility News & Updates
New Delhi, June 26 (IANS) German auto giant Volkswagen Group is considering one of the most extensive restructuring exercises in its history, with Chief Executive Officer Oliver Blume reportedly weighing plans that could result in up to 100,000 job cuts, the closure of multiple factories in Germany, and a significant reduction in investment spending.According to a report by Manager Magazin, the proposed overhaul is awaiting approval from the company’s board and would involve a 15 per cent reduct…
New Delhi, June 20 (IANS) Indian Institute of Technology (IIT) Roorkee and WRI India on Saturday signed a Memorandum of Understanding (MoU) aimed at strengthening collaboration in areas such as sustainable batteries, electric mobility, resource efficiency, battery recycling, clean energy transition and policy research. The partnership seeks to facilitate joint research projects, academic collaborations, policy studies, knowledge-sharing initiatives, workshops, training programmes, conferences an…
New Delhi, June 8 (IANS) India’s electronics manufacturing services (EMS) market could exceed $150 billion by FY30, and is at a critical inflection point, a report said on Monday.A report by KPMG in India showed that the EMS market has grown rapidly from roughly $10–12 billion in FY20 to $40–45 billion in FY25. The sector’s rapid expansion was driven by domestic demand, policy support and China+1 strategies, it said.However, it now faces a “scale without depth” paradox that limits valu…
Surat, June 5 (IANS) Prime Minister Narendra Modi said on Friday that Gujarat has emerged as a foundation of India’s energy transition, highlighting the state’s contribution to renewable power generation and its expected role in emerging sectors such as green hydrogen, green ammonia and green steel. Addressing a gathering in Surat on the World Environment Day, Prime Minister Modi added that Gujarat currently accounts for one-fifth of India’s renewable energy capacity and is helping shape the cou…
New Delhi, May 29 (IANS) Following Prime Minister Narendra Modi’s appeal to conserve petrol and diesel, Uttar Pradesh Finance Minister Suresh Khanna on Friday travelled to his office in the Assembly in an e-rickshaw along with his staff, promoting the use of electric mobility and fuel conservation.The move comes amid a wider push by the Centre and BJP-ruled states to encourage reduced fuel consumption, greater use of public transport, and adoption of electric vehicles in view of global economi…
New Delhi, May 20 (IANS) Union Minister for Heavy Industries H. D. Kumaraswamy chaired a high-level stakeholder consultation here on Wednesday to encourage the wider adoption and deployment of electric buses and electric trucks across the country. The meeting brought together key stakeholders from across India, including fleet operators, aggregators, transport leaders, financial institutions, leasing companies, and industry representatives engaged in the rapidly evolving electric mobility ecosys…
Mumbai, May 20 (IANS) Chief Minister Devendra Fadnavis on Wednesday said that Maharashtra is ready to lead the transition in the nuclear energy sector and appealed to American companies to invest in the state. He further stated that Artificial Intelligence (AI), data centres, semiconductors, green hydrogen, electric mobility, and advanced manufacturing are driving a massive surge in the demand for stable and uninterrupted power.Long-term industrial growth cannot rely solely on solar and wind ene…
Amaravati, May 1 (IANS) The government of Andhra Pradesh on Friday notified five model E-Mobility cities across the state, marking a major step towards building a sustainable, technology-driven, and future-ready urban mobility ecosystem. Five model E-Mobility cities represent the five administrative regions of the state. These cities are Visakhapatnam in North Andhra, Rajahmundry in Godavari region, Vijayawada in Central Andhra, Nellore in South Andhra and Tirupati in Rayalaseema.The government …
New Delhi, May 1 (IANS) India’s automobile sector has kicked off FY27 on a robust note, led by a standout performance from Tata Motors, which edged ahead of Mahindra and Mahindra in the passenger vehicle segment for April 2026. Tata Motors reported a 31.1 per cent year-on-year (YoY) jump in passenger vehicle sales to 59,701 units during the month.Domestic sales accounted for the bulk of this growth, rising 30.5 per cent to nearly 59,000 units, while exports more than doubled, albeit on a lower…