With these strategic investments and initiatives, Indore is poised to enhance its industrial capacity and contribute to the economic growth of the region. An auto component manufacturer and a cement industry have announced a collective investment of ₹270 crore to establish manufacturing units in the region. The Madhya Pradesh Industrial Development Corporation (MPIDC) has allocated… Continue reading Major investments from auto, cement cos on cards in Indore
Author: Economic Times of India Online News
Global automakers eye India as reciprocal tariffs on China raise vehicle costs in US: Nomura
Evaluating the 90-day pause on tariffs except for China, the report says that the move shows President Trump’s intent to negotiate further. With higher tariffs on Chinese imports set to raise vehicle prices in the US, global automakers are likely to turn to alternative suppliers like India, said Nomura in its latest report. According to… Continue reading Global automakers eye India as reciprocal tariffs on China raise vehicle costs in US: Nomura
GM cuts shift at Canada plant over ‘evolving trade environment’
General Motors said Friday it would reduce the number of shifts at a truck assembly plant in Canada, as US President Donald Trump’s trade war upends the North American auto sector. The announcement comes a day after the US auto giant said it projected a $4-5 billion hit this year from Trump’s tariffs, despite moves… Continue reading GM cuts shift at Canada plant over ‘evolving trade environment’
Why India needs a dedicated scheme on distributed-renewables-powered EV charging
India’s clean energy transition is at a pivotal stage, with several initiatives underway to take the nation closer to its goals of installing 500 GW of renewable energy (RE) capacity by 2030 and attaining net-zero emissions by 2070. The Ministry of New and Renewable Energy (MNRE) has introduced schemes such as the PM-Surya Ghar Muft… Continue reading Why India needs a dedicated scheme on distributed-renewables-powered EV charging
Trump budget proposes slashes to renewable energy, farms, EPA
U.S. President Donald Trump’s administration on Friday proposed cutting billions of dollars in federal funding next year for projects including renewable energy and electric vehicle chargers, and gutting programs aimed at curbing climate change. The proposal to Congress was part of a wider request to cut $163 billion in 2026 federal spending, slashing more than… Continue reading Trump budget proposes slashes to renewable energy, farms, EPA
Tata Motors shares in focus after April sales drop 6% to 72,753 units
However, the international CV business (CV IB) offered some support, rising 43per cent YoY to 1,457 units, reflecting improving export demand, the company said. Tata Motors shares will be in focus on Friday after the company reported a 6.1per cent year-on-year (YoY) decline in total vehicle sales to 72,753 units in April 2025, compared to… Continue reading Tata Motors shares in focus after April sales drop 6% to 72,753 units
From CIO to CEO: ETCIO annual conclave 2025 empowers tech leaders to shape what’s next
The Economic Times CIO (ETCIO) proudly announces the 7th edition of its flagship gathering—the ETCIO Annual Conclave 2025, returning to the iconic Grand Hyatt, Goa, for a four-day, invite-only experience from 29th May – 1st June 2025. In a world defined by disruption, where AI, automation, and data reshape industries overnight, the role of the… Continue reading From CIO to CEO: ETCIO annual conclave 2025 empowers tech leaders to shape what’s next
Bajaj Auto domestic sales skid 11% in April to 2,20,615 units
The two-wheeler manufacturer’s sales dipped 7 per cent with 3,17,937 units, against 3,41,789 units in the same month of 2024. Bajaj Auto reported a 11 per cent drop in its domestic sales with 2,20,615 units sold in April 2025 against 249,083 units sold in the same period last year. On the export front, the company… Continue reading Bajaj Auto domestic sales skid 11% in April to 2,20,615 units
Ford kills project to develop Tesla-like electronic brain
FNV4 development contributed to Ford’s losses on software and EVs, which totaled $4.7 billion in 2023 and $5 billion in 2024. Ford Motor has killed a program to develop next-generation electrical architecture – the brain of modern cars – that its executives have called pivotal to competing with electric-vehicle pioneers such as Tesla, three sources… Continue reading Ford kills project to develop Tesla-like electronic brain
Ford’s April US sales rise 16%, EV sales plummet
Sales of Ford’s pickup trucks, which includes its F series and compact Maverick models, rose 23% at 99,954 units. Ford Motor on Thursday reported a 16% rise in U.S. auto sales for April, aided by strong truck demand and its employee pricing program. Still, its EV sales fell 40%. Demand for vehicles has remained strong,… Continue reading Ford’s April US sales rise 16%, EV sales plummet