India’s industry secretary said the ball is now in Tesla Inc.’s court to lay down its investment plans for the South Asian nation after the government cut import duty on electric vehicles. The industry department last month released a comprehensive policy for boosting EV manufacturing in the world’s most-populous nation. Following that move, it’s up […]
Day: April 6, 2024
Massive fire engulfs power distribution company in Raipur’s Kota area
A massive fire broke out in a power distribution company in Raipur’s Kota area, an official said. Police and firefighters are present on the spot and trying to douse the fire Meanwhile, people vacated their homes located near the power distribution company after a massive fire broke out. No deaths or casualties were reported in […]
Emissions model for aviation fuel will be ready in very near future: EPA
Revisions to a key emissions model for sustainable aviation fuel feedstocks will be ready “in the very near future,” said U.S. Environmental Protection Agency Administrator Michael Regan in Philadelphia on Friday. The Biden administration pledged last year to update how the Department of Energy’s Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model […]
Tesla scraps low-cost car plans amid Chinese EV competition; Musk denies
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters. The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said. The decision represents an abandonment […]
Boeing’s CEO David Calhoun got compensation worth $33 mn last year
Boeing CEO David Calhoun received compensation valued at $33 million last year, nearly all of it in stock awards, but his stock payout for this year will be cut by nearly one-fourth because of the drop in Boeing’s share price since the January blowout of a panel on one of its planes in midflight. The […]
Average daily international traffic dropped by 4.81% to 196,050 in March
The average daily international traffic to and from India decreased by 4.81 per cent month-on-month (M-o-M) to 196,050 in March as inbound tourism gradually receded with the onset of the summer season. Meanwhile, although the number of daily domestic flights increased, there was a marginal M-o-M drop in average daily domestic traffic in March, according […]
Tesla begins making cars in Germany for export to India this year: Sources
Tesla has begun production of right-hand drive cars at its plant in Germany for export to India later this year, three people aware of the company’s plans told Reuters, as it moves ahead with a possible entry into the world’s third-largest car market. A team from Tesla is expected to visit India later this month […]
Telangana govt in talks with Tesla to set up electric car plant
The Telangana government is holding discussions with Tesla by putting in all efforts to establish their plant in the state, Industries Minister D Sridhar Babu said on Thursday. In a message on X Sridhar Babu said since December 2023 the state government has been actively focusing on major investment opportunities by global giants, and as […]
NexGen Energia launches affordable electric two-wheeler at Rs 36,990
Noida-based e-mobility company NexGen Energia on Thursday said it has launched an affordable electric two-wheeler with price starting at Rs 36,990. The electric two-wheeler was unveiled by businessman-actor Suniel Shetty on Wednesday, the company said. “The scooter starts from Rs 36,990 and is our most affordable two-wheeler yet. The launch marks an important step towards […]
Ford slows its push into electric vehicles
Ford Motor Co. on Thursday delayed the production of at least two new electric cars and said it would pivot to making more hybrids. Its decision was the latest sign that large automakers have been forced to rethink their strategy for electric vehicles because sales for those models are slowing. The shift by Ford and […]
Air India hired over 5,700 people in FY24, including over 3,800 flying crew
Air India hired more than 5,700 employees, including over 3,800 flying crew, in the financial year ended March 31, as part of the five-year transformation plan to revive the fortunes of the airline. As part of expanding its presence, the carrier launched 16 new routes, including 11 international ones, in the last financial year. It […]
Ather Rizta pictures surfaces on the internet ahead of launch
Electric vehicle maker Ather is set to launch a new scooter called Rizta on April 6. The scooter is dubbed as Ather’s first family scooter, hinting a more traditional design unlike its sportier siblings. Ahead of the launch, pictures of the scooter have now surfaced on the internet.