Volkswagen AG's top U.S. executive has said the United States faces major challenges in ramping up battery production to facilitate a shift to electric vehicles including attracting skilled workers, mining for key metals and supply chain issues.
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According to a union official, about 100-150 people have joined the duty at the factory since Tuesday and the unit was operating in double shifts.
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The stock of Bajaj Auto has declined by 5 per cent after the company said its board has deferred a decision on its proposed share buyback.
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A tech-abled last-mile logistics company, Grab recently conducted a survey to check the willingness to adopt electric vehicles among the delivery associates at Grab. The survey was conducted among 5094 delivery associates in 8 cities in India - Ahmedabad, Chennai, Coimbatore, Hyderabad, Mumbai, Delhi, Pune & Bangalore.
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TVS Motor Company Chairman Emeritus Venu Srinivasan has been appointed as the non-official director on the central board of the Reserve Bank.
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Volvo India has set up solar power panels at Jewar in Gautam Buddh Nagar district in U.P, Kheri Kalan in Faridabad and Bhorikalan and Bhangrola in Gurugram districts of Haryana and furthers plans to extend this initiative to other community health care centres this year.
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The move comes after the Troy, Michigan-based company disclosed a probe by the U.S. Securities and Exchange Commission and withdrew all its previously issued business outlook in March.
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In the coming few years, the electric vehicle segment will take over the automotive industry with its growing innovative technology trends. These growing modern technology trends for batteries will make EVs more affordable and accessible than petrol, diesel, or gas cars, thus boosting demand.
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