Hyundai Motor Co. will start construction of a new electric vehicle plant in South Korea capable of producing 200,000 cars a year. The carmaker held a groundbreaking ceremony Monday in Ulsan, where the company built its first auto plant in 1968. Work will begin later this year and mass production will start in the first […]
Category: Power
Power
Power cut in Pune, Pimpri-Chinchwad dampen Diwali festivities
Ahead of the Diwali festival, more than two lakh consumers of Pune and Pimpri-Chinchwad faced load shedding on Saturday for almost an hour and a half as Adani Company’s ultra-high pressure 400 Kilowatt (KV) power line from Shikrapur to Talegaon stopped working due to technical failure. A press release by Maharashtra State Electrical Distribution Company […]
Govt weighs five-year tax cuts on EV imports to woo Elon Musk’s Tesla
India is considering tax cuts on the imports of completely-built units of electric vehicles, for a period of up to five years, as it tries to entice the likes of Tesla Inc. to sell and eventually make its cars in the country. The Indian government is working on an electric vehicle policy that would allow […]
Hyundai to build plant in US to make flying electric taxis
Hyundai Motor Group, the world’s third-biggest automaker by sales, plans to build a facility in the US where its air mobility division Supernal will make flying electric taxis intended to be used by commuters. A prototype of the electric vertical take-off and landing craft will be shown at CES in Las Vegas in January, Supernal […]
Meters slowed down by 70% in Mira-Bhayandar: Adani Electricity
Adani Electricity has claimed to have discovered an unusual technique of power theft in Mira-Bhayandar wherein the culprits slowed down the speed of meters by 70%-75%. Between April and October, 1.70 lakh units were stolen in 43 incidents, causing a loss of ₹29.60 lakh, a statement from the company said. “Nine FIRs have been registered […]
Why Electric Vehicles Are a Value-for-Money Choice
The future of Electric Vehicles (EVs) has never looked better! The soaring petrol and diesel prices in India and increasing customer preference for sustainable solutions have amplified the buzz around e-mobility. The best part? You get your money’s worth too. It, therefore, becomes crucial for buyers to view the purchase of an electric vehicle from […]
Energy minister announces OTS scheme for power consumers
Energy minister AK Sharma on Saturday announced launch of a one-time settlement scheme (OTS)—almost an annual feature, to enable power consumers in Uttar Pradesh to clear their arrears without having to pay the surcharge (interest) payable on the principal amount. The UP Power Corporation Ltd (UPPCL), according to him, will implement the scheme in three […]
KCCI lashes out at power corporation for frequent outages
The Kashmir’s premier trade body, the Kashmir Chamber of Commerce & Industry (KCCI) on Friday lashed out at Valley’s Power Distribution Corporation for failing to provide adequate electricity in the Valley as the winter was beginning and alleged that the corporation was resorting to propaganda to cover their shortcomings. The KCCI said that it has […]
Ahead of Dhanteras, 2-wheeler hopefuls’ eyes on relief by Chandigarh admn
Over 700 two-wheeler hopefuls, who have placed bookings for Dhanteras on November 10, are holding on to the glimmer of hope that the UT administration may once again relax the cap on the number of fuel-run two-wheelers under its Electric Vehicle (EV) Policy. On October 29, the administration had stopped registration of two-wheelers running on […]
Adani Enterprise Q2 results: Net profit halves as mining losses widen
Billionaire Gautam Adani’s flagship firm on Thursday reported halving of the second quarter net profit as losses in the mining business widened and operating expenses rose. Adani Enterprises Ltd’s July-September quarter consolidated net profit of ₹222.82 crore was down 50.5 per cent when compared with ₹460.94 crore net profit in the same period last year, […]
Adani Power Q2 results: Net profit jumps nine-fold over demand surge, tax gain
Adani Power’s consolidated profit jumped over nine-fold to ₹6,594 crore in the September quarter of this year compared to the year ago, due higher one-time income, and deferred tax assets. “Consolidated Profit After Tax for Q2 FY24 (July-September) was higher by 848 per cent at ₹6,594 crore vs ₹696 crore for Q2 FY23; due to […]
Chandigarh best UT in the Urban Learnathon 2023
The Union ministry adjudged Chandigarh as the best UT in the Urban Learnathon 2023 for the solar installation in the city during the ‘National Urban Conclave’ hosted by the National Institute of Urban Affairs on the occasion of “World Cities Day” at New Delhi on Tuesday. The prize was conferred to Chandigarh Smart City Limited […]