Seoul, July 12 (IANS) Eco-friendly vehicles accounted for half of new car registrations in South Korea in the first half of this year, driven by a sharp increase in electric vehicle (EV) sales, an auto market tracker said on Sunday.It marked the first time that eco-friendly vehicles made up more than half of new car registrations during the January-June period, according to the CarIsYou Data Research Center, which cited government data, reports Yonhap news agency.In the first six months of the y…
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New Delhi, July 6 (IANS) The Indian auto industry saw best June ever recorded, retailing 25,57,234 units last month which is a robust 21.83 per cent year-on-year growth and a 1.03 per cent rise over May, the Federation of Automobile Dealers Associations (FADA) data showed on Monday.Passenger vehicle (PV) retails were the standout at 4,10,853 units, up 28.63 per cent on-year and 2.05 per cent on-month — the best June ever. On an annual basis, the Bharat-led character remains intact, with rural …
Bengaluru, June 9 (IANS) India is projected to see average salary increments of 8.6 per cent to 10.2 per cent in FY27, underpinned by sustained demand for skilled and execution-focused talent, a report showed on Tuesday.TeamLease Services’ latest report highlights a stable yet differentiated salary outlook across industries this fiscal. High-growth industries are expected to register salary increments in the range of 9.6 per cent to 10.2 per cent, led by EV and EV Infrastructure, FinTech, Heal…
New Delhi, June 2 (IANS) India’s electric vehicle (EV) market registered an increase in demand during May this year, as higher fuel prices pushed more buyers towards battery-powered alternatives, according to reports by Nomura and HSBC.According to Nomura, EV sales in May reached 6.4 per cent of passenger vehicle sales, compared with 4 per cent in FY26, while electric two-wheelers accounted for 8.9 per cent of sales, up from around 6.5 per cent last year. The brokerage said that demand sentiment…
Mumbai, May 22 (IANS) GreenLine Mobility Solutions Ltd., an Essar venture and a pioneer in green logistics, further strengthened its longstanding partnership with Tata Steel with the flag-off of LNG-powered trucks at Tata Steel’s Meramandali facility in Odisha.The deployment marks another step forward in the ongoing collaboration between the organisations to decarbonise long-haul road logistics across multiple operational locations in India. The initiative reflects the shared vision and commit…
New Delhi, May 11 (IANS) The seven appeals made by Prime Minister Narendra Modi to the nation would go a long way to build and strengthen India’s journey towards Viksit Bharat, leading industry chamber Assocham said on Monday.PM Modi’s appeal to the people for collective participation to help the country deal with global economic disruptions, supply chain challenges and rising prices caused by international conflicts has, thus, emphasised prudence in the usage of petroleum products and reduc…
Seoul, April 14 (IANS) Electric vehicle (EV) charging costs will be reduced by up to 15 per cent during afternoon hours on weekends starting this week, the climate ministry said on Tuesday.The reduction in the charging fees will be supported by a 50 percent rate discount on electricity used at 94,000 private home-use chargers and 13,000 public fast chargers between 11 a.m. and 2 p.m. on weekends and public holidays, according to the Ministry of Climate, Energy and Environment.This will result in…
New Delhi, April 6 (IANS) The Indian auto retail industry is projected to register positive growth in the first quarter this fiscal (Q1 FY27) despite geopolitical uncertainty, riding on the marriage season in the northern belt, rabi harvest and the residual benefit of GST 2.0-led affordability, a new report said on Monday.Looking at the April–June period, the retail outlook remains cautiously positive, said the Federation of Automobile Dealers Associations (FADA).”Our survey shows 49.81 per ce…
New Delhi, March 7 (IANS) Chinese electric vehicle maker BYD has unveiled its next-generation Blade Battery 2.0, a new EV battery technology that promises a driving range of more than 1,000 kilometres along with ultra-fast charging and improved safety features.According to the company, the battery can deliver a driving range of more than 1,000 kilometres under the China Light-Duty Vehicle Test Cycle.This marks a significant improvement compared with the first-generation Blade Battery, which typi…
Seoul, March 7 (IANS) SK On, a major South Korean battery manufacturer, has laid off nearly 1,000 workers at its US battery plant in Georgia amid slowing electric vehicle (EV) demand, a company filing showed on Saturday.SK Battery America, SK On’s US unit, dismissed 968 employees at its battery manufacturing facility in Commerce, Georgia, according to a Worker Adjustment and Retraining Notification (WARN) notice posted on a Georgia state website.The layoffs reportedly account for about 37 per ce…