Supplies of many models were tight even before the chip shortage because automakers were having trouble making up for production lost to the pandemic. SAN RAMON: As the U.S. economy rebounds from its pandemic slump, a vital cog is in short supply: the computer chips that power a wide range of products that connect, transport… Continue reading Starving for more chips in a tech-hungry world
Author: Economic Times of India Online News
Turkey auto sales surge 92.8% in March year-on-year – Association
Last year in March, sales moderated due to the impact of the coronavirus outbreak and only 50,008 units of passenger cars and light commercial vehicles were sold, according to association data. ISTANBUL: Sales of passenger cars and light commercial vehicles in Turkey surged 92.8% year-on-year in March to 96,428 units, the Automotive Distributors Association said… Continue reading Turkey auto sales surge 92.8% in March year-on-year – Association
Biden aims to juice EV sales, but would his plan work?
David Kirsch, a professor of strategy and entrepreneurship at the University of Maryland, said the Biden plan isn’t really a tipping point that will turn consumers from combustion to electric vehicles. DETROIT: Dangling tax credits and rebates in his drive to fight climate change, President Joe Biden wants you to trade your gas-burning car, truck… Continue reading Biden aims to juice EV sales, but would his plan work?
Tata Motors completes transfer of defence biz to TASL for consideration of Rs 227.7 cr
Tata Motors has partnered the Indian defence establishment in various strategic programmess such as MRSAM, Aakash, Agni, BrahMos, etc. Tata Motors on Thursday said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs 227.7 crore. The transfer has… Continue reading Tata Motors completes transfer of defence biz to TASL for consideration of Rs 227.7 cr
States fight each other for jobs with laws to hire local
While the laws are ostensibly aimed at helping young workers, labour rights advocates have warned they aren’t compliant with constitutional guarantees including freedom of movement, a right to livelihood, and no discrimination based on place of birth. NEW DELHI: A short drive from the capital of New Delhi, Gurugram has become one of India’s wealthiest… Continue reading States fight each other for jobs with laws to hire local
Tata Motors sales jump 500% to 66,609 units in March; FY21 sales up 5%
In FY21 the company’s PV sales registered its highest ever annual sales in 8 years at 222,025 units, while posting a growth of 69% versus FY20. New Delhi: Tata Motors on Thursday reported 505% growth in total domestic sales at 66,609 units in March 2021 as compared to 11,012 units in the same month last… Continue reading Tata Motors sales jump 500% to 66,609 units in March; FY21 sales up 5%
Rooftop solar combined with batteries, EVs is key for India: IEEFA
New Delhi: Policymakers and regulators must build the framework required for combining rooftop solar with battery storage and electric vehicles (EVs) to achieve a sustainable and energy-secure future, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). India has set an ambitious renewable energy target of 450 gigawatts (GW)… Continue reading Rooftop solar combined with batteries, EVs is key for India: IEEFA
Switch Delhi EV awareness campaign enters final week; focus on sensitising youth
Switch Delhi is a mass awareness campaign by the city government to sensitize every Delhiite about the benefits of switching to EVs. New Delhi: The final week of the Switch Delhi EV (electric vehicle) awareness campaign will focus on sensitizing the youth of Delhi on the benefits of e-vehicles and the city government’s EV policy,… Continue reading Switch Delhi EV awareness campaign enters final week; focus on sensitising youth
China smartphone maker Xiaomi to invest $10 billion in new EV unit over 10 years
The company’s move into the EV industry follows similar steps by other tech giants, both in China and overseas. SHANGHAI: Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing. The firm will initially invest 10 billion yuan… Continue reading China smartphone maker Xiaomi to invest $10 billion in new EV unit over 10 years
View: A lucky half-century for this $50 million Tata stake comes to an end
By Andy Mukherjee After several years of legal wrangling, India’s Tata Group has won a decisive victory over its disgruntled minority shareholder. But the boardroom coup that turned into a courtroom drama will only be over with a divorce. That could still get messy. The Shapoorji Pallonji Group’s claim of being an oppressed junior partner… Continue reading View: A lucky half-century for this $50 million Tata stake comes to an end