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Sustainability Outlook Headlines
Auto industry seeks bold fiscal measures in the Budget to revive growthIn middle of a prolonged slowdown, the automobile industry has asked the government to take bold fiscal measures to revive the sector that has reported its worst-ever sales decline in two decades during 2019, industry sources said. In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobility. The industry, which has been facing a downturn for almost a year now, has also sought an incentive-based scrappage policy and an increase in re-registration... Read more.. Date : Jan 13 Source: ET Auto
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Panasonic's Indian subsidiary eyes Rs 500-cr revenue from solar businessJapan-based Panasonic Corporation's Indian subsidiary Panasonic Life Solutions is eyeing Rs 500 crore revenues from its solar business in the next 3-4 years, with focus to become a leading rooftop EPC player. Panasonic Life Solutions India, earlier known as Anchor Electricals, is also looking to expand its electric vehicle charging offerings across the country. "We entered the solar market in 2014-15 and have established ourselves as a rooftop EPC (engineering, procurement, and construction) solutions provider. We have been successful in executing projects across the country as well as in... Read more.. Date : Jan 13 Source: Business Standard
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EV sector looks at tie-ups with educational institutionsThe Society for Smart E-Mobility plans to have tripartite agreements with the industry and educational institutions in different cities to promote indigenisation of parts required for e-vehicles. G.R. Mohan, secretary of the Society, said that an interactive meeting to facilitate such MoUs in Coimbatore was held here on Saturday. Representatives of five industries that are into the EV (electric vehicles) sector and five major engineering colleges took part. The issues that the EV sector in India needs to address are: building testing facilities, promoting research and development, and... Read more.. Date : Jan 13 Source: The Hindu
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Mahindra outlines its electric mobility roadmapIn the past decade, electric mobility has emerged as a major trend in the automotive industry, with great strides being made in terms of practicality and affordability. Mahindra, a company that has been the bellwether of electric vehicles in India, plans to accelerate its efforts in this space in the months ahead. The company recently outlined its electric mobility roadmap, including its upcoming products and technologies. Contrary to some of the other OEMs in the industry, the home-grown automaker intends to direct its concerted efforts more towards the fleet segment, rather than private... Read more.. Date : Jan 13 Source: AutoCar India
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Volvo to launch its first electric vehicle in India in 3 yearsSwedish luxury car company Volvo will launch its first fully electric car, the XC40, in India in late 2021 or early 2022, a company official told Moneycontrol. Built on the compact modular architecture platform (CMA), the XC40 is presently sold in India with a petrol engine. The company recently discontinued the diesel version. The sports utility vehicle (SUV) is the smallest of the three SUVs Volvo sells in India. It is also one of Volvo's best-selling products for Volvo in India, contributing 25 percent of its sales. The XC40 is one of the first to get the newly developed CMA platform,... Read more.. Date : Jan 13 Source: Money Control
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1,000 Mahindra EVs Power Lithium Urban Technologies' FleetBengaluru-based corporate transport service startup Lithium Urban Technologies and Mahindra and Mahindra (M&M) said on Thursday, January 9, 2020, that through their partnership they have inducted 1,000 Electric Vehicles in the fleet so far. Having clocked 100 million ekms, with over 500 Mahindra EVs running more than 1 lakh ekms, this partnership is further aimed to transform employee transportation solution in India and spur electric mobility adoption in the country. Infact 75+ Mahindra EVs have even clocked over 2 lakh ekms, a significant achievement in an otherwise nascent EV... Read more.. Date : Jan 13 Source: Business World
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Punjab: Ludhiana Smart City Mission to begin phase II of solar project soonThe Ludhiana Smart City mission will soon begin second phase of installation of rooftop solar panels and under this government schools and colleges will be covered. The Ludhiana Smart city limited and Punjab Energy Development Authority (PEDA) has signed an agreement wherein the latter will install the rooftop solar panels while funding will come through Smart City Mission. For this project the site survey is almost over and officials have claimed that by the last week of January or first week of February installation process will start. According to the proposal, government schools,... Read more.. Date : Jan 13 Source: ET Energy World
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Over 150 GW of renewable energy projects installed or in pipelineIndia now has over 150 gigawatt (GW) of renewable energy generation capacity either installed or in pipeline according to data shared by the Ministry of New and Renewable Energy. An official statement said 84.40 GW of renewable energy generation capacity has been installed in the country. Another 36.68 GW is currently under implementation while 29.58 GW has been tendered. This takes the total installed and in the pipeline renewable energy generation capacity to 150.66 GW. In 2015, it was decided that 175 GW of renewable energy capacity will be installed by 2022. This includes 100 GW from... Read more.. Date : Jan 10 Source: The Hindu Business Line
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Railways to source 1.2 GW green energyOne of the significant actions taken in this direction has been installation of solar panels at stations and service buildings across the zone. All stations in a particular section of South Central Railway have been provided with solar panels to tap the natural energy. Towards this goal, 500 MW solar capacity will be installed on the roofs of railway department buildings which will be used to meet non-traction loads at railway stations. Indian Railways plans to source about 1.2 GW power from renewable energy sources by 2021-22 across all zones and production units. Of this, about 1,000 MW... Read more.. Date : Jan 10 Source: The Economic Times
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Green developers in AP lost Rs 1,400 cr since AugustRenewable energy developers have lost revenue of Rs 1,400 crore due to curtailment of wind and solar power in Andhra Pradesh since August last year, said industry executives. “Out of the 7,307 mw of renewable energy installed in Andhra Pradesh, 20-25% of solar power and 50-60% of wind power is being curtailed,” said one of the executives, who did not wish to be identified. This is despite the Andhra Pradesh High Court having directed distribution companies in September not to curtail renewable power. “The situation has gotten out of hand. They are violating the order of the court,” a... Read more.. Date : Jan 10 Source: ET Energy World
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Mahindra Renewables plans $171 mn investment for solar project in RajasthanMahindra Renewables Private Limited (MRPL), a wholly owned subsidiary of Mahindra Group (worth $20.7 billion) cleantech arm Mahindra Susten Private Ltd (MSPL) is planning to invest around $171 million to set up a 250 mega watt (MW) solar power project in Rajasthan. The project will be backed by International Finance Corporation (IFC). The proposed project will consume around 1200 acres (486 hectares) at Bhiv ji ka gaon Village in Bap Tehsil, Jodhpur District in Rajasthan. IFC's estimated project cost is Rupee equivalent of around $171 million. The project involves an IFC ‘A’ Loan... Read more.. Date : Jan 10 Source: Business Standard
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ABB Power Grids, Ashok Leyland Team Up For Greener Electric BusesAshok Leyland and ABB Power Products and Systems India have signed a memorandum of understanding (MoU) in the public e-mobility space to expand the ecosystem for efficient and greener electric bus transportation systems in India. The pact outlines a partnership to develop a pilot electric bus based on ABB's innovative flash-charge technology called TOSA which tops up the battery in just seconds while passengers get on and off the bus. This avoids the need to take the vehicle out of service for recharging every few hours or having a replacement bus ready, thus minimising the size of the... Read more.. Date : Jan 10 Source: Business World
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Tata Motors to commence roll-out of BS-VI compliant products this monthTata Motors on January 9 said it will start roll-out of over 100 BS-VI compliant models, including passenger vehicles, this month. The auto major also plans to have four global unveils and display 14 commercial and 12 passenger vehicle at the upcoming Auto Expo. "From January 2020 onwards, we will be introducing over 100 lead models with over 1,000 variants," Tata Motors President and Chief Technology Officer Rajendra Petkar said in a statement. These will cover options of powertrain combinations, body styles, chassis configurations plus technologies imbibing connected, electric, shared... Read more.. Date : Jan 10 Source: Money Control
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Goodyear unveils $100 million VC fund for new mobility initiativesOhio-based tyremaker Goodyear Tire & Rubber Co recently announced the launch of a $100 million venture capital (VC) fund for new investments in future mobility solutions over the next 10 years. Named as Goodyear Ventures, the fund will continue and expand Goodyear's growing relationships in new mobility, with a focus on partnering and investing in startups with a shared vision of sustainable, safe and new mobility experiences that make life's connections easier every day, the company said in a statement. Goodyear's Chairman, CEO and President Richard J Kramer says "Goodyear is a... Read more.. Date : Jan 10 Source: ET Auto
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Volkswagen plans to launch four SUVs in India over next two yearsGerman automaker Volkswagen on Thursday said it plans to introduce four new sports utility vehicles (SUVs) in the Indian market over the next two years. The company said it would showcase its SUV range, including electric vehicle based on the MEB platform along with the world premiere of the A0 SUV from Brand Volkswagen under India 2.0 project, at the Auto Expo next month. "Owing to ever increasing consumer preferences for the SUVs, the Volkswagen brand plans to heavily focus on introducing its global line-up of SUV portfolio for the Indian market," the company said in a statement.... Read more.. Date : Jan 10 Source: Business Standard
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Shared mobility will be the base of EV plan, says M&M's Pawan GoenkaAutomobile entity Mahindra & Mahindra says shared mobility will be the base of its electric mobility plan. "This is in tune with government policy. The company is working with state governments and fleet operators to make electric mobility viable. Mahindra now has 22,000-23,000 electric vehicles (EVs) on ground,” said Pawan Goenka, managing director. EVs, believes the company, can take off faster in the shared mobility segment. Goenka also notes many states have started procuring electric buses, with at least 4,000 of these to on the road this year. Mahindra Electric has been in... Read more.. Date : Jan 10 Source: Business Standard
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Global NEV market to grow to $567,299.8 million by 2025Globally the new energy vehicle (NEV) market will grow to $567,299.8 million by 2025 at a CAGR of 22.3 per cent, claims a study by Market Insights Reports. The NEV market across the world was valued at $118,864.5 million in 2017. The new energy vehicles include not only battery electric vehicles, but plug-in hybrid (PHEV) and hybrid electric vehicles as well. China is going to play a key role in this growth of the NEVs, as the biggest market for the greener powertrain equipped vehicles are expected to attribute 25 per cent of the country's total auto sales by 2025, as the Chinese... Read more.. Date : Jan 10 Source: ET Auto
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Banks seeing credit demand from solar, oil & gas and road: SBI ChairmanBanks are seeing demand from credit project pipeline from three sectors - oil and gas, solar and road but there is no large ticket demand for credit of the kind that was seen last year, State Bank of India Chairman Rajnish Kumar has said. The banking sector is going to see good recoveries from non-performing assets in the third and fourth quarters of the current fiscal, helped by resolution of some large stressed accounts, he said, adding the time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism. "These two quarters (Q3 and Q4) will... Read more.. Date : Jan 9 Source: ET Energy World
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Mercedes to showcase EQ electric vehicle in India on January 14Mercedes-Benz will introduce its EQ electric car brand in India on January 14, 2020, with the close-to-production version of the EQC SUV at the event; a production-ready model is expected to launch later in the year, making it Mercedes' first all-electric model in India. For those unaware, Mercedes EQ is essentially the German luxury carmaker's division of all-electric vehicles, just like how AMG is its performance arm and Maybach is its uber-luxury range. Other global models from EQ currently comprise the EQV and Vision EQS concept. Mechanically, the global-spec EQC's drivetrain is made... Read more.. Date : Jan 9 Source: AutoCar
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10 DC fast chargers installed across dealerships: MG Motors IndiaMG Motor India has installed 10 DC electric vehicle chargers across its dealerships, the company said on Wednesday. The company is setting up a 5-step charging ecosystem, aimed at fulfilling the needs of electric vehicle customers, the release added. Morris Garages (India) Motors is set to launch its full-electric SUV ZS EV later this month, which would compete against Hyundai Kona EV and Tata Nexon EV. There are multiple ways of charging the ZS EV. Carmakers will install a 7.4 kW AC fastcharger at home/office/desired place of the customer, which will take around 6-8 hours to complete... Read more.. Date : Jan 9 Source: The Times of India
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Cabinet Approves Mou Between India, UK For Energy Self-Sufficiency In Indian RailwaysThe Union Cabinet on Wednesday gave its approval to Memorandum of Understanding (MoU) signed with the UK's Department for International Development for enabling energy self-sufficiency in Indian Railways. An official release said under the MoU signed by Railway Ministry with DfID, the parties agreed on the scope of activities to be undertaken as a part of the endeavor for enabling energy efficiency and energy self-sufficiency for the Indian Railways. The parties agreed for energy planning for the railways in solar and wind energy sector, energy efficiency practices, fuel efficiency,... Read more.. Date : Jan 9 Source: Business World
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India in talks with World Bank for Modi’s global electricity grid planIndia has started consultations with the World Bank as its technical partner to implement an ambitious global electricity grid plan pitched by Prime Minister Narendra Modi. With the world grappling with climate change concerns, a senior government official said the multilateral funding organization may prepare a feasibility report for the project announced in October 2018, that can further bolster India’s image as a clean energy champion. The proposed global grid plans to leverage solar power generated in one geography to feed the electricity demands of other nations. This comes against... Read more.. Date : Jan 9 Source: Livemint
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Discounts on BS-IV vehicles come downAutomobile companies have started scaling down discounts on Bharat Stage-IV vehicles, as their inventory of products complying with the soon-to-be obsolete emission standards has stabilised at manageable levels, industry insiders and experts said. Over the past three months, including the festive season, auto companies had given huge discounts — as high as Rs 1 lakh — to customers depending on the model. This was to reduce their BS-IV inventories leading up to the transition to BS-VI from April 2020. The discounts helped sentiments to an extent, especially during the festive season.... Read more.. Date : Jan 9 Source: ET Energy World
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SoftBank in talks to sell stake in India's renewable energy venture: ReportSoftBank Group Corp is in talks to sell a majority stake in its renewable energy joint venture in India as it looks to raise cash after facing setbacks to its global investments, India's Economic Times daily reported on Thursday. As part of the move, the Japanese technology and investment giant has been in talks with sovereign wealth and pension funds from the Far East and Gulf regions, as well as some Silicon Valley technology giants, the report said, citing people in the know of the matter. A SoftBank representative in India did not immediately respond to an email request from Reuters... Read more.. Date : Jan 9 Source: Business Standard
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Sustainability Outlook partners with India Smart Grid Forum for India Smart Utility Week 2020ISGF has been organising its flagship annual event, India Smart Grid week (ISGW) since 2015 and it is considered as one of the top five international events on Smart Grids and Smart Cities. With launching of 100 smart city projects by the Government of India, water and city gas distribution utilities will also need to equip themselves with latest technologies for improved operational efficiency and successful integration into the smart city systems. However, lack of effective policy and regulations both at... Read more.. |
