Steelbird currently operates six plants in Baddi and three in Noida, supported by two offices in Delhi, one in Italy, and a digital platform in Panchkula. At a time when India’s helmet market is witnessing a shift towards safety-conscious and certified gear, Steelbird Hi-Tech India has announced a capital expenditure of ₹50 crore across its… Continue reading Steelbird commits ₹50 cr capex to scale production, launches SXE helmet with advanced safety tech
Author: Economic Times of India Online News
India’s EV fleet could be powered by just 3% of 2032 renewable targets: Report
States including Assam, Bihar, Gujarat, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, and Tamil Nadu have already introduced solar-hour ToD tariffs for electric vehicles. A mere 3 per cent of India’s targeted wind and solar capacity under the National Electricity Plan (NEP-14) could be sufficient to power the nation’s entire electric vehicle (EV) fleet by 2032, given… Continue reading India’s EV fleet could be powered by just 3% of 2032 renewable targets: Report
Auto sector still pricey despite rural sentiment tailwinds: Ashish Gupta
Axis MF’s Ashish Gupta sees promise in NBFCs, mid-sized banks and industrials; stays cautious on autos while favouring hospitals and CDMOs in healthcare. “On the banking side you are seeing a major reduction in funding cost and that should benefit both the NBFCs and the mid-sized banks as well. Till now really the play was… Continue reading Auto sector still pricey despite rural sentiment tailwinds: Ashish Gupta
Factories start humming with festive frenzy
Electronics and auto firms to ramp up premium product output by 10–20 per cent in Q2, betting on festive demand for high-end gadgets and SUVs. Consumer electronics, smartphone and automobile companies plan to produce 10-20 per cent more premium products in the July-September quarter compared to last year, ahead of the crucial festive season when… Continue reading Factories start humming with festive frenzy
Trump tariffs take a $1 billion bite out of GM earnings
The Trump administration’s negotiating time may be eaten up with larger partners, such as the EU, which did not get a warning letter or a change to its prescribed 20% tariff rate, double the 10% baseline. General Motors‘ second-quarter core profit fell 32per cent to $3 billion on Tuesday, as the automaker continued to confront… Continue reading Trump tariffs take a $1 billion bite out of GM earnings
Merz rejects reported EU plan to force rental firms to buy EVs from 2030
I stand at the podium, addressing the European Parliament with concern. The weight of the situation is evident. German Chancellor Friedrich Merz on Monday criticised a reported draft EU plan to oblige car rental firms and large companies to buy only electric vehicles from 2030, saying it could contribute to destroying the bloc’s important automotive… Continue reading Merz rejects reported EU plan to force rental firms to buy EVs from 2030
Russia’s top carmaker Avtovaz may shorten work week as sales slump
Russia’s top carmaker Avtovaz may cut its workweek to four days as high interest rates and rising Chinese competition hit sales and dampen car loan demand. Russia’s largest carmaker Avtovaz on Tuesday said it may shorten its working week to four from five days, a rare move from a major state-owned employer, as high interest… Continue reading Russia’s top carmaker Avtovaz may shorten work week as sales slump
Logistics a key enabler for Indian automotive sector’s growth: SIAM executive
SIAM, in the statement, said the industry is prepared to adopt and leverage digital tools and invest in infrastructure to utilise logistics as a key pillar of the Indian automobile sector’s growth. Logistics has become a critical enabler for the Indian automotive sector, and contributed to its 7.3 per cent growth in FY25, according to… Continue reading Logistics a key enabler for Indian automotive sector’s growth: SIAM executive
Merz rejects reported EU plan to force rental firms to buy EVs from 2030
German Chancellor Friedrich Merz slammed a reported EU plan to mandate electric-only fleet purchases by 2030, warning it could harm the bloc’s vital auto industry. German Chancellor Friedrich Merz on Monday criticised a reported draft EU plan to oblige car rental firms and large companies to buy only electric vehicles from 2030, saying it could… Continue reading Merz rejects reported EU plan to force rental firms to buy EVs from 2030
Tryst with EVs
ndia’s pro-liberalisation push over three decades ago sparked an auto revolution, building a robust manufacturing ecosystem and making car ownership a reality for millions. More than three decades ago, India saw an automobile revolution unfolding. GoI’s pro-liberalisation policy thrust, which subsequently led to the opening up of the market, helped create an entire manufacturing ecosystem,… Continue reading Tryst with EVs