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
Author: Economic Times of India Online News
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
Carney stakes Canada’s auto future on EVs as it pulls away from the US
The government is also restoring consumer rebates for electric vehicle purchases. Prime Minister Mark Carney of Canada announced Thursday a sweeping plan to offer billions of dollars in incentives and tax breaks for auto industry investment designed to help turn Canada into a global leader in electric vehicles. The new policies, Carney said, were meant… Continue reading Carney stakes Canada’s auto future on EVs as it pulls away from the US
Delhi is e-rick capital, but half of its fleet runs in just 3 areas
Underage people driving e-rickshaws is a common sight. Delhi govt data on passenger e-rickshaws shows a glimpse of the city’s sharply uneven mobility map, highlighting how this unsafe mode of transport often fills gaps left by an inadequacy of regulated last-mile connectivity. The city has more than double the number of active and registered e-rickshaws… Continue reading Delhi is e-rick capital, but half of its fleet runs in just 3 areas
Tata Motors PV shares in focus after Q3 loss widens to ₹3,486 crore on JLR cyber incident
JLR reported revenue of £4.5 billion for the quarter, down 39% compared with Q3FY25. Shares of Tata Motors Passenger Vehicles Ltd (TMPVL) will be in focus heading into trade on February 6, after it reported a consolidated loss of ₹3,486 crore for the third quarter, compared with a profit of ₹5,406 crore in the year-ago… Continue reading Tata Motors PV shares in focus after Q3 loss widens to ₹3,486 crore on JLR cyber incident
Murugappa Group plans fresh ₹500cr–₹750cr investment to scale EV business
The company has already invested about ₹750 crore in the EV business. Murugappa Group‘s engineering flagship, Tube Investments of India (TII), plans to invest an additional ₹500 crore – ₹750 crore in its electric vehicle subsidiary, TI Clean Mobility, as it looks to scale up operations and move towards break-even despite initial delays and losses.… Continue reading Murugappa Group plans fresh ₹500cr–₹750cr investment to scale EV business
South Korea seeks critical minerals ties with China after joining US trade bloc
Authorities will designate 17 critical minerals needed for national security and tighten monitoring and analysis on their supplies. South Korea is seeking closer cooperation with China on critical mineral supply chains, its trade ministry said on Thursday, as Seoul unveiled plans to secure stable supplies of rare earths needed for cutting-edge technologies. The announcement comes… Continue reading South Korea seeks critical minerals ties with China after joining US trade bloc
Indian Metals & Ferro Alloys Q3 FY26 profit up 40% as margins improve
On a sequential basis, PAT rose 32.3 per cent from ₹98.77 crore in the September quarter. New Delhi: Indian Metals & Ferro Alloys Ltd (IMFA) on Thursday reported its standalone profit after tax increased to ₹130.67 crore in the December quarter of financial year 2025-26 (Q3 FY26) marking a 40.3 per cent rise from ₹93.14… Continue reading Indian Metals & Ferro Alloys Q3 FY26 profit up 40% as margins improve
Government sharply cuts EV charger benchmark prices to boost green mobility
Government sharply cuts EV charger benchmark prices to boost green mobility. The Centre has sharply reduced the benchmark prices for electric vehicle (EV) chargers, a move that could significantly lower subsidy outgo and accelerate the rollout of public charging infrastructure across the country, LiveMint reported. According to the report, the Ministry of Heavy Industries has… Continue reading Government sharply cuts EV charger benchmark prices to boost green mobility