IndiGo’s leaner cost structure has helped India’s largest airline to emerge from Covid “more stronger” and its superior cost efficiency model will keep it ahead of rivals at a time when India’s civil aviation sector is undergoing consolidation, said a top company official. Four years ago, India announced a nationwide lockdown aimed at controlling the […]
Day: March 27, 2024
Waaree Solar Americas appoints Gordon Brinser as COO
New Delhi: Waaree Solar Americas Inc, the US subsidiary of Waaree Energies, India’s leading manufacturer of solar PV modules, has appointed Gordon Brinser as its new chief operating officer (COO). Brinser has been working towards advancing US manufacturing capabilities. “In his role as COO, Brinser is expected to play a significant role in leading Waaree […]
Solar module duty sop under ALMM may not continue after March 31
India is unlikely to further extend exemption provided from a condition for import of solar module import called the approved list of module manufacturers (ALMM), beyond March 31, people aware of the development said. The Ministry of New and Renewable Energy, in a meeting with solar project developers and module manufacturers Tuesday, took a stock […]
Here are the big hurdles to the global push to build up renewable energy
The world’s governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December. But right now, the post-pandemic global economy is throwing up obstacles that will need to be overcome if the goal is going to be met.
Audi bids adieu to R8 Supercar after 17 years; may be for its electric rebirth
Audi has officially ceased production of its renowned R8 supercar, marking the end of a 17-year era. The final R8, a high-performance variant, rolled off the assembly line at Audi’s Bollinger Hofe plant in Germany and will be preserved at the company’s museum in Ingolstadt. The final R8, a high-performance Performance Quattro Edition variant, has […]
Ather eyes larger pan-India presence with new family scooter
As Ather Energy gears up to launch its family scooter shortly, Ravneet Phokela believes that the stage is set for the next phase of rapid growth and expansion to new regions across India. “With this new offering, Rizta, we will have the relevant customer base in place. We are very well distributed across the South […]
Renault in advanced talks with partners to recycle batteries, says executive
French automaker Renault is in advanced discussions with potential partners to extract and recycle lithium and other metals from used electric vehicle batteries, a company executive said, as it seeks to reuse more of the strategic raw materials. While recycling car parts is increasingly common, Renault is aiming to be the first European automaker to […]
China to challenge Joe Biden’s electric vehicle plans at the WTO
Beijing: China said Tuesday that it has filed a complaint at the World Trade Organisation over what it says are discriminatory requirements for American subsidies for electric vehicles. Starting this year, US car buyers are not eligible for tax credits of USD 3,750 to USD 7,500 if critical minerals or other battery components were made […]
Tesla to give one month driver-assist technology trial for customers
Tesla will give a one-month trial of its driver-assist technology Full Self-Driving (FSD) to existing and new customers in the United States, according to Tesla CEO Elon Musk and the company’s website. Musk also is requiring Tesla staff to give demonstrations of FSD to new buyers and owners of serviced vehicles, according to two emails […]
Preparations for Modi regime 3.0: To fire up PNG adoption, govt may hand out free connections
The petroleum and natural gas ministry is drawing up plans to offer free piped natural gas (PNG) connections and consumption subsidies to poor households to help its wider adoption on the lines of the Ujjwala scheme, which popularised liquefied petroleum gas (LPG) among the poor, said people familiar with the matter.
LNG importers rush to buy spot cargoes as price hits 3-year low
Power companies and refineries are doubling down on spot liquefied natural gas (LNG) as prices have hit a three-year low, according to industry officials aware of the development. LNG importers Gail, Gujarat State Petroleum Corporation (GSPC), Torrent Gas, Bharat Petroleum Corp (BPCL) and Indian Oil Corp (IOC), among others, are buying spot cargoes as the […]
GAIL to commission its first green hydrogen project in April, sources say
State-run natural gas company GAIL (India) Ltd plans to commission its first green hydrogen project in central India in April, three company sources said. The 10-megawatt proton exchange membrane electrolyser for the green-hydrogen producing unit at the Vijaipur complex in Madhya Pradesh state has been imported from Canada, they added. “Once the initial hiccups are […]