These concessions are designed to boost imports and exports without impacting local manufacturers. American giants Harley Davidson, Jeep and Tesla are the likely big winners of the trade deal with govt offering concessions, without upsetting domestic industry. For Harley Davidson, US President Donald Trump has managed concessions which his predecessors couldn’t manage by getting zero… Continue reading Lower duties may add speed to Harley, Jeep & Tesla for India ride
Author: Economic Times of India Online News
Uber, Ola, Rapido driver unions call for strike in Delhi, Mumbai: All that happened so far
The union demanded the implementation of a fixed fare system. A group of unions representing gig workers associated with ride-hailing platforms such as Uber, Ola, and Rapido has called for a one-day strike on Saturday, which is expected to impact operations in major metros, including Delhi and Mumbai. The movement led by the Telangana Gig… Continue reading Uber, Ola, Rapido driver unions call for strike in Delhi, Mumbai: All that happened so far
US trade deal sparks optimism across coastal regions, export hubs: Piyush Goyal
On tariffs, the minister said that the earlier 50 per cent reciprocal tariff imposed by the US has been reduced to 18 per cent, which is lower than that faced by several neighbouring countries. The framework announced under the India–US trade agreement has generated strong enthusiasm across coastal regions and major export hubs, with exporters… Continue reading US trade deal sparks optimism across coastal regions, export hubs: Piyush Goyal
Delhi moves to integrate transport planning under single authority
Integrated public transport is central to our long-term strategy to combat this challenge. Govt has begun drafting a bill to set up Delhi Unified Metropolitan Transport Authority (DUMTA), an umbrella body aimed at streamlining the city’s fragmented transport system. Chief minister Rekha Gupta has constituted a high-level task force and asked it to finalise the… Continue reading Delhi moves to integrate transport planning under single authority
India-EU FTA to provide better access to European markets for Indian auto component firms: Icra
Automobiles and auto components currently account for around 3 per cent of Indias exports to the EU. The India-EU deal is expected to reshape competitive dynamics and market access on both sides while providing better access to European markets for Indian auto and component exports, aiding the sector’s long-term growth prospects, according to a report… Continue reading India-EU FTA to provide better access to European markets for Indian auto component firms: Icra
Union of app-based taxi and auto-rickshaw drivers calls strike on Saturday
The drivers body also flagged concerns over loss of income due to an increase in the number of auto-rickshaws under the open permit policy. A union of app-based taxi and auto rickshaw drivers has called a day-long strike on Saturday to press various demands including redressal of grievances about the installation of panic buttons. In… Continue reading Union of app-based taxi and auto-rickshaw drivers calls strike on Saturday
Global carmakers book $55 billion hit from EV rollback
The largest US automaker by would take a $6 billion charge to unwind some electric-vehicle investments. Global carmakers have booked some $55 billion in writedowns in the past year as they scale back electric vehicle ambitions on a tough US market under President Donald Trump, price wars in China and a more complex mix of… Continue reading Global carmakers book $55 billion hit from EV rollback
Mahindra to set up largest integrated auto and tractor plant in Nagpur
The proposed facility will be developed over 1,500 acres in Vidarbha, supported by a 150-acre supplier park in Sambhajinagar. Mahindra Group on Friday announced plans to set up its largest integrated manufacturing facility for automobiles and tractors in Nagpur, Maharashtra, marking a major expansion of its production capabilities and long-term growth strategy. The proposed facility… Continue reading Mahindra to set up largest integrated auto and tractor plant in Nagpur
ArcelorMittal sees 2% rise in steel sales
ArcelorMittal’s sales saw a slight dip in 2025, but net income significantly increased. ArcelorMittal, among the world’s largest integrated steel producers, Thursday projected a 2 per cent increase in global demand for steel this calendar year, ex-China. “The company forecasts steel production and shipments to increase across all regions in 2026 versus 2025, supported by… Continue reading ArcelorMittal sees 2% rise in steel sales
Chinese EV maker Nio expects to post first adjusted operating profit
The company’s US-listed shares rose more than 8 per cent in premarket trading. Chinese electric-vehicle maker Nio said on Thursday it expects to post its first-ever adjusted operating profit in the fourth quarter of 2025, driven by higher vehicle sales and cost cuts. The company’s US-listed shares rose more than 8 per cent in premarket… Continue reading Chinese EV maker Nio expects to post first adjusted operating profit