DELHI ELECTRIC VEHICLE POLICY
Delhi govt plans real estate overhaul; New excise policy to prioritise social welfare
Delhi Chief Minister Rekha Gupta is spearheading efforts to overhaul the city's real estate sector, aiming for greater transparency and efficiency. A government-industry task force report, outlining key challenges and solutions, was submitted, paving the way for policy reforms. Simultaneously, a new excise policy is in the works, prioritizing transparent liquor distribution, social welfare, and the protection of vulnerable communities.
Mahanagar Gas, Gujarat Gas poised for gains as CNG adoption surges; Siddhartha Khemka sees 10-20% upside
India's City Gas Distribution sector shows resilience. CNG adoption rises with infrastructure growth. Electric vehicle challenges boost CNG appeal. Investor interest renews due to volume growth. Mahanagar Gas and Gujarat Gas are strong buys. Mahanagar aims to add CNG stations. Gujarat Gas targets volume growth via expansion. Both companies are well-placed in the growing gas market.
Moody's affirms Ba1 rating on Tata Motors, upgrades view on JLR. 10 reasons why
Moody's Ratings affirmed Tata Motors' Ba1 corporate family rating with a positive outlook, while upgrading Jaguar Land Rover's (JLR) rating to Ba1. The upgrade reflects TML's strengthened credit profile through debt reduction and earnings growth. JLR's electrification efforts and TML's demerger plans are key factors influencing these ratings, with JLR expected to contribute over 90% of TML's EBITDA post-demerger.
Mahanagar Gas, Gujarat Gas poised for gains as CNG adoption surges; Siddhartha Khemka sees 10-20% upside
India’s City Gas Distribution (CGD) sector has emerged as a resilient and strategically vital component of the energy landscape, supported by rising CNG adoption, expanding infrastructure, and favorable cost economics.
Trump's hilarious response on 'No Kings' protests planned on his birthday, says 'I have to go through hell...'
US President Donald Trump has broken his silence on 'No Kings' protests planned across various cities planned on his birthday on June 14. Trump has provided a hilarious response to a question about an upcoming “No Kings” protest. When Trump will host a massive military parade in Washington, D.C. on Saturday, about 1,500 planned protests around the US will call for “No Kings” to remind Trump of the Constitutional limits of his authority.
How regulatory changes are reshaping motor insurance in India
India's motor insurance sector is undergoing significant transformation driven by IRDAI reforms, technological advancements, and evolving consumer preferences. These changes include standardized policies, flexible 'pay-as-you-go' options, and long-term coverage mandates. Telematics, data analytics, and specialized policies for electric and autonomous vehicles are further shaping a more inclusive and tech-friendly insurance landscape.
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Niti Aayog: Central incentives only for zero emission vehicles
Niti Aayog emphasised that taxpayer funds would incentivise zero-emission vehicles like EVs, while hybrids, being more fuel-efficient, won't be penalised. India aims to become an EV manufacturing hub, fostering innovation and supply chain control through initiatives like IIT research and GST rationalisation.
Auto sector pushes 3-step plan to cut China dependence for rare earth magnets
Indian automakers are facing potential supply disruptions of rare earth magnets due to China's export controls, impacting production of critical components for both electric and conventional vehicles. To mitigate this, the industry has proposed a three-pronged strategy to the government, including local assembly incentives, recycling initiatives, and diversification of import sources.
Trump blocks California gas car ban in dramatic climate clash with Newsom — will states lose power to fight emissions?
Trump blocks California gas car ban in a major political move, stopping the state’s 2035 plan to phase out gas-powered cars. Signed on June 12, 2025, this action overturns California’s authority to enforce electric vehicle rules backed by the EPA. President Trump argues consumers should freely choose what to drive. Governor Gavin Newsom and 11 other states vow to fight back, setting up a fierce legal battle over climate control laws. The decision also rolls back strict emission limits, impacting air quality rules nationwide. Read how this new law could change America’s auto market and environmental future.
Luxury EV sales zoom 66% in India; 2,027 units sold in just 5 months
Luxury electric vehicle sales in India surged by 66% in the first five months of the year. Mercedes-Benz India saw a 73% increase, driven by demand in metro and emerging markets. BMW is also experiencing strong demand, even in Tier-II cities. Electric vehicles now account for 11% of luxury car sales, up from 7% last year.
Rare earth magnet supplies for certain applications may taper off by mid July: Report
Icra reports potential rare earth magnet shortages for automotive applications by mid-July 2025 due to China's export restrictions and shipment delays. The Indian auto industry, heavily reliant on Chinese NdFeB magnets, faces production planning uncertainty, especially for EVs. While exploring alternatives like importing fully assembled motors, logistical and regulatory challenges persist.
Over 200 electric car makers to participate in IESW 2025
India Energy Storage Week (IESW) 2025, hosted by IESA, anticipates over 200 global EV manufacturers, aiming to boost India's manufacturing hub vision. Government policies like PLI and FAME are fueling EV market growth, projected to reach USD 117.78 billion by 2032. SPMEPCI focuses on electric four-wheelers, attracting investments and fostering indigenous manufacturing.
Conditioning a cool behavioural move
India is set to mandate AC temperature settings between 20°C and 28°C to boost energy efficiency and cut electricity bills, as AC ownership surges. This move addresses concerns that air conditioning could account for a quarter of India's GHG emissions by 2050. While energy-efficient ACs are gaining popularity, affordability remains a challenge.
We got rare in abundance
Grappling with export curbs on rare earth magnets from China, India must liberate itself by plugging into its critical minerals through policy and innovation. Neodymium may well be the alternate we need.
Rare earths and magnets minerals elements: Why are these giving China edge in trade war with USA?
Rare earths and magnets minerals elements have hogged all the limelight during the US-China trade war.
Waymo leads autonomous taxi race in the US
Waymo's autonomous vehicles have become part of the everyday landscape in a growing number of US cities, serving as safe transport options, tourist attractions, and symbols of a not-so-distant future. But for tourists and business travelers, their first Waymo ride often becomes the most memorable part of a trip to the Golden Gate city.
Ather Energy CHRO Sunitha Lal resigns after eight years
Lal, who joined Ather in August 2017, thanked cofounders Tarun Mehta and Swapnil Jain "for the immense trust, confidence, and the invaluable space". In a post on LinkedIn, Lal said Ather has now become a force in the EV industry.
EVs offer 15–20% cost advantage over diesel in logistics: Report
This economic benefit is driving EV adoption, expected to reach 35% in e-commerce logistics by 2027, though challenges remain in heavy commercial vehicle segments and infrastructure.
Greaves Electric Mobility appoints Vikas Singh as managing director
Greaves Electric Mobility Limited (GEML) has announced the appointment of Vikas Singh as its new managing director, effective June 2, 2025. Singh, with a strong leadership background from various multinational organizations, will spearhead GEML's next growth phase. This strategic move underscores GEML's dedication to providing accessible and sustainable mobility solutions, solidifying its presence in India's expanding EV market.
Why China's auto, tech giants threaten Tesla's self-driving future
Chinese EV makers, led by BYD, are challenging Tesla in self-driving technology by offering affordable EVs with advanced driver-assistance systems. BYD's "God's Eye" undercuts Tesla's FSD, leveraging lower component costs and government support. Tesla faces challenges in China due to regulations, competition, and a strategic shift towards robotaxis, while Chinese firms gain advantages through scale and data collection.
Deep tech startup Vecmocon Tech raises $18 million in round led by Ecosystem Integrity Fund
Vecmocon Technologies, a deep-tech EV startup, raised over $18 million in Series A funding led by EIF, with Aavishkaar Capital, BII, and Blume Ventures. The funds will enhance R&D, expand teams, boost EV system capabilities, and support global ambitions with intelligent, safety-critical solutions designed for Indian and international electric vehicle markets.
Hyundai shares soar 7% to surpass IPO price, hit new all-time high amid high volumes
The surge in Hyundai Motor India could be attributed to multiple factors, including RBI’s repo rate cut, boosting auto demand, the company's gains in India’s electric vehicle market, and its investment in renewable energy. Hyundai's EV strategy and macroeconomic tailwinds are seen as key growth drivers.
Power shift: How Tesla’s turmoil is steering global capital towards India
A public clash between Elon Musk and Donald Trump in early June 2025 triggered a massive selloff of Tesla stock, erasing $150 billion in market capitalisation. This turmoil, however, presents a significant opportunity for India.
Unused subsidies meant for e-rickshaws may be diverted to cargo e3Ws
The Indian government is considering reallocating subsidies within the PM E-DRIVE scheme due to the unexpectedly high demand for cargo electric three-wheelers (L-5 e3w). Sales of L-5 e3w have surpassed expectations, depleting allocated funds, while e-rickshaw and e-cart sales have significantly underperformed. The shift aims to utilize unused funds from the e-rickshaw/e-cart category to support the thriving L-5 e3w segment.
Electric passenger vehicle sales cross 4% first time in May 2025: FADA
Electric passenger vehicle sales in India surged in May, exceeding 4 per cent of total sales, a notable increase from 2.6 per cent in May 2023. Overall auto retail sales experienced a modest 5 per cent rise, with two-wheelers leading the growth, driven by rural demand and auspicious events.
No new petrol or diesel vehicles for cab aggregators, delivery firms in NCR from January 2026: CAQM
The Commission said that the transport sector is a major contributor to pollution in the region and commercial vehicles, due to their long hours of operation and poor maintenance, pollute more than regular private vehicles. It stressed the need for a quick shift to zero-emission electric vehicles.
Is your vehicle Delhi-ready? Only BS6, CNG or EV commercial vehicles allowed from November 1
Delhi Chief Minister Rekha Gupta unveiled the Air Pollution Mitigation Plan 2025, restricting entry to BS-VI, CNG, and electric commercial vehicles from November 1, 2025. The plan includes artificial rain via cloud seeding, in collaboration with IIT Kanpur. Mist sprayers will target pollution hotspots, and anti-smog guns are mandated for large commercial buildings.
India's new flagship EV policy to be a ‘non-starter’ for global biggies
India is launching an EV policy to attract global automakers, offering reduced import duties for companies investing in local manufacturing. Tesla is unlikely to participate due to its preference for imports over local production.
India to open flagship EV making policy to lure global giants
India is preparing to open applications for its flagship EV policy, which offers reduced import duties to global electric vehicle manufacturers that commit to local production. Under the policy announced in March 2024, companies investing at least ₹41.5 billion (around $500 million) in a local plant within three years can import up to 8,000 EVs annually at a reduced 15% duty—down from 70%.
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