Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Mint explainer: what is the new PACT under Niti Aayog’s e-truck plan?

India is pushing to electrify its truck fleet, but high vehicle costs, limited charging infrastructure and weak demand have slowed adoption. Mint explains how Niti Aayog’s new PACT aims to bridge these gaps.

Mint explainer: what is the new PACT under Niti Aayog’s e-truck plan?

The National Institution for Transforming India, or NITI Aayog, has introduced a new plan called e-truck, aimed at promoting the adoption of electric trucks in India. The initiative seeks to address challenges such as high vehicle costs, insufficient charging infrastructure, and limited demand that have hindered the growth of electric truck usage. To achieve this, NITI Aayog has unveiled a framework known as the PACT, which provides a roadmap for the successful implementation of the e-truck plan.

Written by urgent.news from Live Mint's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at livemint.com →

More in Finance & Markets

Japan's Nikkei slumps as Fed hike bets, soaring oil weigh

TOKYO: Japan’s Nikkei slumped on Friday amid renewed concerns over US rate hikes and a surge in oil prices that fuelled inflation worries. The benchmark Nikkei 225 gauge fell 1.93% to close at 64,011.34, giving it a 0.4% decline on the week. The gauge earlier sank as much as 3.16%. The broader Topix slipped 0.65% to 4,028.30.

More from Friday 11 September →