Ghosn’s children said that they believed the houses were known to Nissan. The children of Carlos Ghosn, the jailed auto executive who oversaw an alliance that sold more than 10 million cars a year, believe accusations of financial misconduct against him are part of a revolt within Nissan against exploring a possible merger with Renault.… Continue reading Carlos Ghosn’s daughters see a Nissan revolt behind his arrest
Author: Economic Times of India Online News
We are telling investors to avoid Tata Motors: Mahantesh Sabarad, SBI Cap Securities
JLR is a worry for Tata Motors and the domestic market may not necessarily help it provide a hedge against the JLR’s poor performance. JLR is a big problem for Tata Motors at this juncture, Mahantesh Sabarad, Head, Retail Research, SBI Cap Securities told in an interview:Edited Excerpts:ET Now: What is your outlook for 2019?… Continue reading We are telling investors to avoid Tata Motors: Mahantesh Sabarad, SBI Cap Securities
NATRiP likely to certify new vehicles on safety standards too
Representative image. INDORE: The National Automotive Test Tracks (NATRAX) in Pithampur may soon be authorised to issue homologation certificates to vehicle tested at its facility. Till now, vehicle manufacturers received test reports from NATRiP and had to get certification from other agencies. NATRAX has been set up in Pithampur under the NATRiP project The homologation… Continue reading NATRiP likely to certify new vehicles on safety standards too
Clean energy leader Costa Rica turns attention to electric cars
New Delhi: Costa Rica likes to advertise itself as an ecological paradise, where more than 98 percent of its electricity needs are met by clean energy. But in the automotive industry, it is lagging behind with just 600 out of 1.4 million private vehicles running on electricity rather than petrol or diesel. Experts believe that… Continue reading Clean energy leader Costa Rica turns attention to electric cars
Drivers reluctant to share their driving behaviour data with insurers, study finds
CHENNAI: Connected cars and digitalisation of mobility is increasingly being given the thumbs up by motorists across the world. According to the Continental Mobility Study 2018, motorists appreciate the potential benefits of their cars being connected to the Internet. A large majority of people in Germany, the US, China and Japan utilise offerings and services… Continue reading Drivers reluctant to share their driving behaviour data with insurers, study finds
Auto sector may attract $8-10 bn investment by 2023: Government
As per the review statement, the sector contributes 7.1 per cent to the total GDP and provides employment to about 32 million people, directly and indirectly. New Delhi, The Central government expects the Indian automobile sector to attract around $8-10 billion in local and foreign investment by 2023. According to the “Year End Review 2018”… Continue reading Auto sector may attract $8-10 bn investment by 2023: Government
Tata group spent Rs 70,000 crore on restructuring, consolidation and acquisitions in 2018
“This unified entity will enable us to move beyond merely providing individual products to developing integrated offerings” MUMBAI: Tata group spent over Rs 70,000 crore ($10 billion) in 2018 to deleverage and restructure Tata companies, consolidate cross-holdings, acquire strategic assets and infuse much-needed capital. In a year-end message to employees, Tata Sons chairman N Chandrasekaran… Continue reading Tata group spent Rs 70,000 crore on restructuring, consolidation and acquisitions in 2018
India’s auto sector may attract USD 8-10 billion investments by 2023: Government
Collective efforts of all central public sector enterprises will help India become a USD 5-trillion economy in the next five years. NEW DELHI: The country’s automobile sector, which attracted USD 16.5 billion in FDI between April 2000 and December 2016, is expected to attract USD 8-10 billion more in local and foreign investments by 2023,… Continue reading India’s auto sector may attract USD 8-10 billion investments by 2023: Government
To adopt ‘One Tata’ approach to develop electric vehicle ecosystem says Natrajan Chandrasekaran, chairman of Tata Group
As part of the plan, Tata Motors is to offer the car while Tata Power will be setting up the charging stations. Mumbai: Natarajan Chandrasekaran, the chairman of $103 billion salt to software Tata Group has spoken about adopting ‘One Tata’ approach to build an electric vehicle ecosystem led by Tata Motors to participate in… Continue reading To adopt ‘One Tata’ approach to develop electric vehicle ecosystem says Natrajan Chandrasekaran, chairman of Tata Group
Only 20% commercial vehicles respond to waiver scheme
Representative image. KOLKATA: The one-time traffic fine waiver scheme seems to have hit the right chord with private car owners but police say they have a long way to go to rein in commercial vehicles, which have a much larger pendency. Top Lalbazar sources hinted that the percentage of private vehicle owners, who responded to… Continue reading Only 20% commercial vehicles respond to waiver scheme