Subsidy phase out: E2W OEMs okay with much lower amount| India PV sales set to gain further momentum| Ford drives out of deal to sell TN plant to JSW

Wednesday, December 20, 2023

Top Stories
	Subsidy phase out: Electric two wheeler OEMs okay with much lower amount, suggest DBT transfer to stop pilferage
	India's passenger vehicle sales set to gain further momentum
	Ford drives out of deal to sell Tamil Nadu plant to JSW
	Hyundai Motor to take USD 219 million hit on sale of Russian plant
	EV adoption increases to 14.33 lakh out of total 2.27 crore vehicles sold in 2023: Minister
	White Iris Investment divests 4.5% stake in Apollo Tyres worth INR 1,281 cr
	Clutch of funds in race for NIIF's USD 1.2 bn roads portfolio
	Karnataka EV policy's first taker: TUV SUD plans EV testing lab in Bengaluru
	Delhi: Vehicle impounded? INR 5,000 may get it back
	Vedanta gets nod to raise up to INR 3,400 crore via NCDs

	Global passenger battery EV sales to reach 10 mn units in 2023
	Firestarters: Short Circuit, Poor Upkeep Leave Buses Vulnerable
	Not an exception, but a pattern of reckless driving, disregard for rules
	Sustainable debt management on agenda for NITI's global green push Business-standard.com
	Two-wheelers are picking up, but will it last? Mint
	Aether Industries signs partnership deal with Tesla: Report Business Today
	Govt to start giving PLI incentives for auto cos in FY25 Mint
	GM issues stop-sale on some 2024 Silverados, Sierras for roof defect Autonews.com

Electric Vehicles
	China's Nio to get USD 2.2 bn investment from Abu Dhabi's CYVN
	Volkswagen to pay subsidies for ID. EV buyers in Germany
	Tesla to raise pay for hourly Nevada Gigafactory workers in Jan - CNBC

Auto Technology
	iVOOMi upgrades battery tech, introduces cloud data connectivity to its vehicles

Passenger Vehicle
	Kia India to open pre-booking for new Sonet tonight
	Swedes support Tesla mechanics' strike, poll shows

Auto Components
	C4V inks MOU with Hindalco for EV battery material
	Abilities India gets patent for piston and cylinder coating technology
	APAC auto door modules market to register CAGR of 2.6% over 2023-28: GlobalData
	BatX Energies raises USD 5 m in Pre-Series A funding round led by Zephyr Peacock
	Neogen Ionics completes land acquisition in Gujarat to establish Battery Materials facility at a Greenfield site
	UK to levy carbon tax on steel, aluminium from 2027
	Allkem shareholders set to vote on Livent's USD 10.6 bln merger bid
	Union slams Nippon Steel's USD 14.1 bn deal for US Steel

Industry
	India should actively raise disputes against WTO incompatible measures by certain nations: GTRI
	India resisted pressure from developed nations for phase out of fossil fuels: Environment minister
	MSMEs, sustainability and innovation to be key focus areas: Canon India's Manabu Yamazaki
	40% rise in registration of electric vehicles in Nashik dist
	India's Siemens to explore energy business spin-off, shares jump to record high
	Domestic natural gas consumption up 6% in November
	How EV Doctor is Revolutionising the EV Businesses
	Delhi Metro's Silver Line to Aerocity may be extended to terminal 1
	Manchin seeks to reverse Treasury exemption allowing some Chinese minerals in EVs
	'Kavach fitted in Varanasi-New Delhi Vande Bharat has no safety benefit at present'
	Weak currency to aid exports; US rate hikes, geo-political tension exerting pressure on rupee: Finmin

Oil & Lubes
	Iran petrol stations hit by cyberattack, oil minister says
	ADNOC preparing to increase takeover offer for Covestro - Bloomberg News
	Russian rouble falls to near one-week low versus dollar
	Goldman cuts 2024 Brent price forecast on strong US supply

Aftermarket
	Bolt's UK tax tribunal win could prove good news for Uber

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