“Automotive dealerships have reopened in almost all parts of the country and consumer sentiments have improved on a steady decline in daily Covid cases. July 2021 volumes remained below pre-Covid levels (16 per cent below July 2019),” the rating agency said. New Delhi: Continued sequential recovery has been seen in the auto sector in July… Continue reading Auto Sector: Continued sequential recovery seen in July, says Ind-Ra
Author: Economic Times of India Online News
Mexico wants talks with United States over auto content rules in trade pact
In May, Mexico voiced disagreement over the issue in a three-way online virtual meeting when it cited differences with the United States methods. Canada and Mexico use more flexible interpretations. By Sharay Angulo MEXICO CITY: Mexico sought formal consultation with the United States on Friday over the interpretation and application of tougher content rules for… Continue reading Mexico wants talks with United States over auto content rules in trade pact
Fuel taxes set off inflation worries at Monetary Policy Committee meeting
The minutes of the Reserve Bank of India‘s Monetary Policy Committee meeting, released on August 20, show that concerns were raised about rising fuel prices. One member, JR Varma, voted to raise the reverse repo rate on the back of those fears. The Indian government’s move to pass on the costs of global crude oil… Continue reading Fuel taxes set off inflation worries at Monetary Policy Committee meeting
Soon, pay toll on part of Delhi-Meerut e-way
New Delhi: In what could come as a big relief “for some time” for a large number of daily office goers using the Delhi-Meerut Expressway, the NHAI won’t charge toll from commuters for using the barricaded or access-controlled stretch from Nizamuddin Bridge up to Dasna. However, those going up to Meerut will have to pay… Continue reading Soon, pay toll on part of Delhi-Meerut e-way
Want development, no speed breakers: CM tells Gadkari
(Image for representational purpose) Nagpur: State chief minister Uddhav Thackeray took a dig at Union minister Nitin Gadkari saying, “We want Maharashtra’s development and will not allow any speed breakers in its progress.” Thackeray was referring to Gadkari’s recent letter to the CM which stated that Shiv Sainiks were putting a spoke in the wheel… Continue reading Want development, no speed breakers: CM tells Gadkari
Global chip shortage hits Pakistan’s automobile industry
Islamabad: A global shortage of semiconductor chips has affected consumers of cars and households in Pakistan, according to industry players. According to them, the lack of availability has also affected prices of chips and delivery times, The Express Tribune reported. South Korea, China and the United States have announced plans to fund semiconductors research and… Continue reading Global chip shortage hits Pakistan’s automobile industry
The electric vehicle boom is pay-dirt for factory machinery makers
he investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush. By Ben Klayman DETROIT: The investment surge by both new and established automakers in the electric vehicle market… Continue reading The electric vehicle boom is pay-dirt for factory machinery makers
S&P places Tata Group companies on creditwatch positive
The creditwatch signals that S&P could potentially reassess relationship between these Tata Group entities and the holding company Tata Sons Pte Ltd (unrated), the potential for extraordinary support from Tata Sons, and therefore the ratings on these group entities. Singapore: S&P Global Ratings on Friday placed the long-term issuer and issue credit ratings on Tata… Continue reading S&P places Tata Group companies on creditwatch positive
Phoebe Leet takes charge as Global Director – HRBP at Jaguar Land Rover
Phoebe Leet has joined automotive manufacturer Jaguar Land Rover (JLR) as Global Director of HR Business Partners. Backed by over 24 years of experience, Leet has utilised her capabilities in improving employee engagement, cultural transformation, developing robust HR strategies, coaching leadership teams, among others. Leet joins JLR after spending more than 17 years of a… Continue reading Phoebe Leet takes charge as Global Director – HRBP at Jaguar Land Rover
Electric vehicle battery startup Ample raises $160 million
Ample, a San Francisco-based developer of swappable electric vehicle (EV) batteries, has raised $160 million in a new funding round, the company said on Thursday. The company has developed a battery for EVs and an automated process for quickly swapping out depleted batteries for newly charged packs, according to founders Khaled Hassounah and John de… Continue reading Electric vehicle battery startup Ample raises $160 million