HYDROGEN POWERED THREE WHEELERS
![Budget 2024 may propel a key element of the Modi govt's Panchamrit goals](https://img.etimg.com/thumb/msid-111626877,width-100,height-75,resizemode-4/industry/renewables/budget-2024-expectations-green-hydrogen-a-key-element-of-the-modi-govts-panchamrit-goals.jpg)
Budget 2024 may propel a key element of the Modi govt's Panchamrit goals
The Indian government has been prioritizing sustainability through clean energy for over half a decade to ensure economic growth. The Green Hydrogen economy, an integral part of the development factors, is a key focus in the country's energy sector. The Modi 3.0 budget could introduce new financial incentives, subsidies, and infrastructure investments to bolster this nascent industry.
![JSW Energy plans ₹1.15 L cr capex to diversify operations](https://img.etimg.com/thumb/msid-111522310,width-100,height-75,resizemode-4/industry/energy/power/jsw-energy-plans-1-15-l-cr-capex-to-diversify-operations.jpg)
JSW Energy plans ₹1.15 L cr capex to diversify operations
JSW Energy announces a strategic shift towards becoming an energy products and services provider, with plans to invest ₹1.15 lakh crore in capital expenditure to achieve 20 GW generation capacity and 40 GWh storage capacity by 2030. The company is expanding its portfolio to include new energy solutions like green hydrogen and battery storage systems. JSW Energy's move aligns with industry trends as other players also diversify beyond power generation. Share prices closed higher at ₹736.5 on the BSE after the news.
![What is the value proposition of a CNG bike vs EV & ICE models? Bajaj Auto’s Rakesh Sharma answers](https://img.etimg.com/thumb/msid-111456030,width-100,height-75,resizemode-4/markets/expert-view/what-is-the-value-proposition-of-a-cng-bike-vs-ev-ice-models-bajaj-autos-rakesh-sharma-answers.jpg)
What is the value proposition of a CNG bike vs EV & ICE models? Bajaj Auto’s Rakesh Sharma answers
An average customer earning Rs 30,000 to Rs 40,000 per month can expect to save about Rs 1,500 per month by using CNG as a fuel. Also, CNG, while still a carbon-based fuel, has far less carbon content, and to that extent, it is much more beneficial from an environmental point of view than diesel or petrol, says Rakesh Sharma, ED, Bajaj Auto.
![SJVN to supply 4500 MW green energy to AM Green's green ammonia facilities](https://img.etimg.com/thumb/msid-111397582,width-100,height-75,resizemode-4/industry/renewables/sjvn-to-supply-4500-mw-green-energy-to-am-greens-green-ammonia-facilities.jpg)
SJVN to supply 4500 MW green energy to AM Green's green ammonia facilities
Greenko Group's subsidiary, AM Green, and SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, have signed a Memorandum of Understanding (MoU) for a long-term renewable energy supply agreement. Under the agreement, SGEL will provide 4,500 MW of carbon-free energy to power AM Green's forthcoming green ammonia facilities.
![Bajaj Auto inaugurates its first overseas manufacturing facility in Brazil](https://img.etimg.com/thumb/msid-111277654,width-100,height-75,resizemode-4/industry/auto/two-wheelers-three-wheelers/bajaj-auto-inaugurates-its-first-overseas-manufacturing-facility-in-brazil.jpg)
Bajaj Auto inaugurates its first overseas manufacturing facility in Brazil
Bajaj Auto opened a new manufacturing plant in Brazil to produce Dominar models and expand its global presence with partners like KTM AG and Triumph, targeting the growing Latin American two-wheeler market.
![Brookfield targets USD 10 billion investments in renewable sector](https://img.etimg.com/thumb/msid-111212583,width-100,height-75,resizemode-4/industry/renewables/brookfield-targets-usd-10-billion-investments-in-renewable-sector.jpg)
Brookfield targets USD 10 billion investments in renewable sector
Canada’s Brookfield Asset Management plans to triple its investments in India’s renewable energy sector to over $10 billion within the next three to four years. The firm is also exploring opportunities in electric vehicles and green hydrogen. With a current portfolio of over 25 GW, Brookfield is the second-largest investor in India’s green energy assets. Through its new Catalytic Transition Fund, Brookfield aims to further its commitment to clean energy and transition projects in emerging economies, including India.
Auto industry body seeks cut in two-wheeler GST; SIAM suggests three-level slabs based on fuel types
Society of Indian Automobile Manufacturers (Siam) has requested a reduction in GST rates on two-wheelers in India. They proposed different slabs for different types of two-wheelers to lower the rates. Siam also wants the removal of the 3% cess on high cubic capacity bikes.
Magenta Mobility joins hands with with Tata Motors, deploys 100 Ace EV
Magenta Mobility partners with Tata Motors to deploy over 100 Tata Ace EV units, including Ace EV and Ace EV 1000, as part of their MoU from October 2023. Maxson Lewis expresses excitement about their 'Ab Ki Baar Dus Hazaar' program aiming for 10,000 EVs by 2025. Vinay Pathak highlights the milestone in revolutionizing intra-city distribution.
Singapore-based Sembcorp to supply green ammonia to Japan from its India plant
Singapore-based Sembcorp Green Hydrogen Pte Ltd signed an agreement with two Japanese firms to supply green ammonia from its 200,000-metric tonne capacity plant in India.
Euler Motors raises Rs 200 crore from Piramal Alternatives, others
Euler Motors raised Rs 200 crore in funding led by Piramal Alternatives India Access Fund. The firm aims to become India's top electric commercial vehicle brand, with plans to expand to 40 cities by FY25.
Old empires could be the key to a new car future
Hydrogen, a vital element in water creation, is gaining traction as a fuel source for fuel-cell electric vehicles.
Hydrogen-powered private jets can cut emissions — If they can get off the ground
A 2021 report found that some private jets emit two tons of CO2 per hour — at least five times more pollution per passenger than commercial flights. That’s 50 times worse than trains.
Be selective in FMCG stocks, in infrastructure, wait for dips: Gurmeet Chadha
Gurmeet Chadha says one of the main issues with most EPC construction names is the working capital cycle and margins because the projects are long gestation, you do not know what commodity prices would behave and people have some memories of 2003 to 2008 when there was euphoria and followed by a 10-year hiatus.
Data centres, EVs and green hydrogen to create upside for long-term power demand growth: Nikhil Nigania
For solar, you have the likes of Waaree, etc. And for wind, you have the equipment suppliers again in the sense of Suzlon and Inox. So, these I would say are the broad spectrum of power equipment suppliers in the Indian landscape.
Passenger vehicle sales reach record high in FY24, two-wheeler sales grow by 13%
4.22 million units of passenger vehicles sold in FY24. Two-wheeler sales grew by over 13% to 17.9 million units, while commercial vehicle sales remained flat at 967,000 units. The industry shifted to 20% ethanol blend, boosting electric vehicle demand. Optimism prevails with positive macroeconomic outlook.
Play power theme with 3 stocks for next one year; IT largecaps to do well: Rahul Shah
Rahul Shah analyzes the market performance post Q3 earnings, highlighting the success of largecap IT stocks like TCS and Wipro. He suggests investments in power sector stocks NTPC, PFC, and REC. Auto sector, especially two-wheelers, shows promising growth. Shah says: We still expect the momentum to continue in the two-wheeler spaces going forward and I would remain invested in this two-wheeler theme."
New scheme announced to push sale of electric two-wheelers & three-wheelers in India
According to Heavy Industries Minister Mahendra Nath Pandey, Rs 500 crore is being allocated for the Electric Mobility Promotion Scheme (EMPS), 2024. This scheme is valid for four months from April 1 onwards.
Omega Seiki Mobility’s group co to launch hydrogen powered 3-wheelers
Hydrogen Intelligence SA, a Paris-based company, plans to commercially produce green hydrogen-powered three-wheelers in India next year. The vehicles will be tested on the Lemans racetrack in Paris. The India subsidiary of Hydrogen Intelligence will make a batch of 100 three-wheelers for a pilot run in various states before commencing commercial production in Chennai.
Auto retails jump 21% in December; CY23 growth in double digits: FADA
In December, automobile retail sales recorded a 21% YoY growth, as per data from the Federation of Automobile Dealers Associations (FADA). Two-wheelers (2W) witnessed a notable surge of 28%, three-wheelers (3W) grew by 36%, and passenger vehicles (PV) saw a steady increase of 3%. Tractor and Commercial Vehicle (CV) sales also rose by 0.2% and 1.3%, respectively.
Load More