CAFE NORMS
Expect Indian PV market to touch 60 lakh units by 2030, targeting 18-20 pc share: Tata Motors
Tata Motors targets significant market share growth by FY30, focusing on EVs, CNG vehicles, and new product offerings. The company strategically prepares for upcoming CAFE III norms and aims to capitalize on industry transitions for sustainable growth.
Auto emission norms to get stricter, make cars costlier
India's automakers face stricter carbon emissions norms, requiring a 30% reduction over three years or penalties. The Bureau of Energy Efficiency (BEE) proposed CAFE 3 norms effective from April 2027, with CAFE 4 norms following. CAFE 3 aims for 91.7 gm CO2/km and CAFE 4 for 70 gm CO2/km. Automakers get a five-year transition to CAFE 4, but compliance challenges remain, including pricing affordable low-emission vehicles. Penalties for non-compliance are stiff, encouraging more fuel-efficient cars.
Satya Nadella interview; Zomato's restaurant onboarding push
Artificial Intelligence will not only help solve India’s unique structural challenges and help increase productivity and societal benefits, but those solutions for India may turn out to be relevant for the rest of the world as well, Nadella told ET.
Passenger vehicle makers miss fuel efficiency targets
Indian makers of passengers vehicles comprising cars, vans, and utility vehicles achieved corporate average fuel economy (CAFE)- a measure of carbon emission of a vehicle - of 116.78 gm per km in the year ended March 31 2023, missing the target of 113 gm per km set by the MoRTH, said several people aware of developments.
Fire dept identifies 240 rooftop restaurants in Bengaluru violating fire safety norms
The Karnataka State Fire and Emergency Services Department has identified more than 240 rooftop restaurants in Bengaluru, Karnataka, that allegedly violated fire safety norms and license rules, including bars, hookah bars, and pubs.
Russian strike on cafe kills 49 people as Ukraine's president Zelenskyy urges stronger Western support
Zelenskyy noted the Granada summit will also focus on "joint work for global food security and protection of freedom of navigation" in the Black Sea, where the Russian military has targeted Ukrainian ports after Moscow's withdrawal from a UN-sponsored grain deal designed to ensure safe grain exports from the invaded country's ports.
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New norms to put auto parts companies on profit highway
The new rules and the electrification trend are leading to an increase in the content per vehicle, in turn bumping up their revenue and boosting profitability, said top executives at auto component firms ET spoke with.
Auto companies to face heavy penalties over violation of emission norms
The clause in the broader Energy Conservation (Amendment) Bill 2022 says that a company, if found in violation of fleet emission scores, will have to shell out a fine of Rs 25,000 per car sold. Penalties may run into thousands of crores of rupees for large volumes.
Beijing city relaxes Covid-19 test norms following widespread protests
As per the new announcement, negative nucleic acid test results are no longer required to enter shopping malls, supermarkets, commercial buildings and residential compounds.
Google allows Bay Area employees to work from office, eases Covid-19 norms
Google also said it is lifting its temporary weekly Covid-19 testing policy for those accessing its offices in the United States that was implemented in January.
Another price hike may be coming, carmakers say
Owing to the rising input costs, India saw car prices steadily rise. However, companies still feel like the cost impact has still not fully passed on so, most of them are gearing up for the year’s fourth round of price increase.
CAFE norms: Not a right time to implement next stage of emission norms, says Maruti Suzuki chairman RC Bhargava
"Over the years, the price of the cars have been going up. Now the price has gone up so much that people are not able to afford cars, so the growth of the industry has come down to zero. To further increase the cost, especially when the income of people has not grown during the COVID period, the industry will further go down," Maruti Suzuki chairman RC Bhargava stated.
Cafe norms, high fuel prices drive efficiency in Motown
The fuel efficiency pecking order in India has remained more or less unchanged with the top 3 most mileage-friendly petrol models (Glanza, Baleno, Dzire) remaining unchanged between July 2020 and July 2021 show JATO data.
Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdowns
Amid last year’s nationwide lockdown and this year’s local lockdowns, retailers and restaurants have taken a massive hit, facing closure of outlets, huge losses and retrenchments.
Trading in Coffee Day shares to resume from April 26
Earlier, trading in CDEL shares was suspended by the bourses for not complying with listing norms pertaining to submission of quarterly financial results.
India will not extend 2022 deadline for tighter fuel efficiency rules for carmakers
"The deadline to meet CAFE norms will not be extended," a senior government official told Reuters, adding that some concessions could be considered if it sees serious intent by automakers to invest in clean technologies.
SIAM to meet Transport Minister Nitin Gadkari on March 2, seek deferment of CAFE norms
The 21st session of the Conference of the Parties (COP21) of the United Nations Framework Convention on Climate Change (UNFCCC) was held in Paris from November 30 to December 12 2015 that saw the participation of 195 nations.
Living with less: How pandemic has inspired some people to make permanent changes in their lives
During the lockdown, people were forced to make do with less. Now, some are carrying on with this life lesson, cutting down on city life, eating out, new clothes.
Safety norms not followed by many people contributing to rise in cases in Delhi: Experts
Delhi recorded 2,024 new coronavirus cases on Sunday, the highest single-day spike in cases in August, taking the tally to over 1.73 lakh, while the death toll rose to 4,426 with 22 more fatalities.
Cafe Coffee Day pilots new retail format in Bengaluru; to sell daily essentials besides on-premise cuppa
Vinay Bhopatkar, chief executive of Café Coffee Day, said “After closely studying the needs of the new age customers, we created a platform where customers can shop while treating themselves to food and beverages by CCD and its partner brands.”
Can CAFÉ push electric vehicles?
The transportation sector is said to comprise about 20% of global greenhouse gas emissions. Reduction of emissions from motor vehicles, which comprise about 90% of the sector, is thus paramount for the attainment of the target.
Tighter CAFE norms may soon leave carmakers no option but to make more EVs
This is part of govt's push to make automakers incrementally increase production of electric vehicles.
How FSSAI is ensuring that food offered by street vendors and online aggregators meet safety norms
The Food Safety and Standards Authority of India (FSSAI) is implementing a 'clean street food hub programme'.
Income Tax officials continue search on Coffee Day offices on second day today
The officials have swamped down on 25 premises owned by the Coffee Day Group in Mumbai, Chennai and Bengaluru, including the corporate office on Vittal Mallya road.
Restaurants and companies fret over proposed fat tax
The product list includes deep fried Indian and western snacks, desserts and confectioneries that are sweet, fatty and salty.
Hybrid ride: How the Toyota-Suzuki alliance will play out in India
Suzuki rules roost in India with 47.6% market share while Toyota is at 4.7%. Globally, Suzuki’s hybrid sales are nowhere near Toyota’s huge numbers.
IPO market heats up; over 30 companies line up public offers
A majority of the companies which have approached Sebi are mid-sized and are looking to mop up between Rs 200 crore to 3,000 crore.
IKEA to government: Reconsider bar on cafe and sale of certain products
IKEA has asked the govt to reconsider the decision to bar it from selling several products in its proposed stores in India and wants its original proposal to be cleared in entirety.
IKEA may have to wait as its demand for relaxing mandatory local sourcing norms puts government in a fix
Govt appears to have balked at IKEA's demand for relaxing sourcing norms, delaying the approval of Rs 10,500 cr investment proposal.
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