MUMBAI (Reuters) – India will halt duty free imports of crude soyoil from April 1, the government said on Wednesday, as the world’s biggest importer of vegetable oils tries to support local oilseed farmers. New Delhi in May 2022 allowed duty free imports of 2 million tonnes of soyoil in 2022/23 and had initially planned …
India to halt duty free soyoil imports from April 1 Read More »
By Praveen Paramasivam and Aditi Shah GREATER NOIDA, India (Reuters) – Indian vehicle maker Greaves Cotton plans to make a bigger push into high-speed electric scooters for urban commuters and electric cargo vehicles for last-mile deliveries, its executive vice chairman told Reuters. The company showcased six new products at the country’s biennial auto show on …
India’s Greaves Cotton unveils e-scooter, electric cargo vehicles Read More »
By Aditi Shah GREATER NOIDA, India (Reuters) – Japan’s Suzuki Motor Corp (SMC) plans to learn from partner Toyota Motor Corp how to use EV technology to build small electric cars, its president Toshihiro Suzuki told reporters during India’s biennial car show on Wednesday. Suzuki said it is learning EV and other technologies from Toyota …
Suzuki Motor turns to Toyota for lessons on small EVs Read More »
By Nimesh Vora MUMBAI (Reuters) – An unexpected rally in the Indian rupee to above 82 to the U.S. dollar was powered mostly by offshore market participants and helped the non-deliverable forward (NDF) and onshore rates to almost converge, traders said on Wednesday. The rupee climbed to a more-than-one-month high of 81.5950 to the dollar …
Indian rupee’s rally powered by changing offshore view – traders Read More »
GREATER NOIDA, India (Reuters) – MG Motor India, owned by China’s SAIC Motor, expects electric vehicles (EV) to account for at least a quarter of its sales in India in 2023, the automaker said during the country’s biennial auto show on Wednesday. “At the end of this year, 25 to 30% of our sales will …
MG Motor India expects EVs to make up 25% of sales in 2023 Read More »
(Corrects dateline to Greater Noida, India (not New Delhi)) By Aditi Shah and Praveen Paramasivam GREATER NOIDA, India (Reuters) -Electric cars, scooters and trucks are expected to take centre stage at India’s biennial car show which kicks off on Wednesday on the outskirts of New Delhi after a year-long postponement because of the COVID-19 pandemic. …
India’s auto show set to feature electric cars, scooters Read More »
(Corrects dateline to Greater Noida from New Delhi) By Aditi Shah and Praveen Paramasivam GREATER NOIDA, India (Reuters) -Suzuki Motor Corp’s Indian unit showcased a concept electric sport utility vehicle (SUV) at India’s biennial car show on Wednesday, with the Japanese car maker’s president saying the car would be launched in 2025. “I’m delighted to …
Suzuki Motor’s India unit unveils concept electric SUV, sees 2025 launch Read More »
NEW DELHI (Reuters) – India’s federal police are investigating officials of the state-run Food Corporation of India (FCI) for possible corruption in the purchase and distribution of grains, a government source told Reuters on Wednesday. The Central Bureau of Investigation is carrying out searches at more than 50 locations in Punjab and Haryana states, as …
India investigates Food Corporation officials for possible corruption – source Read More »
By Rajendra Jadhav MUMBAI (Reuters) – Indian gold refiners have nearly stopped imports of gold dore, a semi-pure alloy, as grey market operators offer hefty discounts to market rates and cut into their slender margins, making business a losing proposition, industry officials say. Most refiners in the world’s second-biggest consumer of the precious metal have …
Indian gold refiners struggle as smugglers offer hefty discounts Read More »
By Sarita Chaganti Singh NEW DELHI (Reuters) – India will by May invite bids for subsidies for setting up green-hydrogen manufacturing and utilisation hubs, fertiliser and steel plants based on the fuel, and factories for making electrolysers, two government sources told Reuters. The bidding process is part of a first phase of a $2 billion …
India to seek bids to set up green hydrogen plants by May – sources Read More »
