Ron Hesse speaks with Les Glick In the 25-minute Audio Interview, Mr. Glick discusses these questions: Should we be surprised by Trump’s “tariff day” announcement? Could you summarize each of the new tariffs and briefly explain them? We have heard a lot of comments on tariffs in the media by financial analysts who are not… Continue reading Audio Interview| Trump’s new tariffs & effects on the automotive industry: Key insights from a Washington DC-based trade lawyer
Author: Economic Times of India Online News
Infineon Technologies to buy Marvell’s auto ethernet business for $2.5 billion
The chip sector is also expected to take a hit from the tariffs imposed by President Donald Trump on countries, including China. German chipmaker Infineon Technologies said on Monday it would buy Marvell Technology’s automotive ethernet business for about $2.5 billion in cash, to expand its microcontroller segment. The automotive ethernet business, which will become… Continue reading Infineon Technologies to buy Marvell’s auto ethernet business for $2.5 billion
Green & yellow CNG autos could disappear from roads
The familiar green-yellow CNG autorickshaws may soon disappear from the city streets. Delhi government is considering phasing out these three-wheelers powered by compressed natural gas and replacing them with electric ones under its new e-vehicle policy. There are around one lakh autos in the capital. Sources in the state government said that EV Policy 2.0,… Continue reading Green & yellow CNG autos could disappear from roads
Honda EVP Aoyama resigns after ‘allegation of inappropriate conduct’
Honda Executive Vice President Shinji Aoyama Honda Motor said on Monday that it had accepted the resignation of Executive Vice President Shinji Aoyama which followed an allegation of inappropriate conduct during a social gathering outside of work hours. Honda did not elaborate on Aoyama’s conduct in question, but said CEO Toshihiro Mibe will take a… Continue reading Honda EVP Aoyama resigns after ‘allegation of inappropriate conduct’
Tata Steel consolidated output falls 5% to 7.45 MT in Q4; sales rise to 8.28 MT
Tata Steel reported a 5.34 per cent rise in consolidated sales to 8.28 MT in Q4 FY25 over 7.86 MT sales in the last quarter of 2023-24. Tata Steel on Monday reported a 5 per cent fall in its consolidated steel production to 7.45 million tonnes (MT) for the last quarter of FY25, mainly due… Continue reading Tata Steel consolidated output falls 5% to 7.45 MT in Q4; sales rise to 8.28 MT
CATL in talks to buy controlling stake in Nio’s power unit, sources say
Nio Power, one of Nio’s core assets, provides charging and battery swapping services to Nio drivers and other EV brands including Tesla and BYD. Chinese battery giant CATL is in talks to buy a controlling stake in electric vehicle maker Nio‘s power unit, which runs more than 3,000 battery swapping stations in China, four people… Continue reading CATL in talks to buy controlling stake in Nio’s power unit, sources say
After Trump, EU seeks zero tariff from India on car imports, sources say
India and the EU have been in trade talks for several years and in February agreed to conclude the deal by the end of the year as they look to soften the impact of tariffs. The European Union wants India to eliminate tariffs on car imports under a long-pending trade deal and Prime Minister Narendra… Continue reading After Trump, EU seeks zero tariff from India on car imports, sources say
Tata Power gets nod to install 100-MW battery energy storage project in Mumbai
Furthermore, the system shall enhance reactive power administration, augmenting peak demand efficacy and bolstering the metropolitan electrical infrastructure. Tata Power on Monday said it has received authorisation from the Maharashtra Electricity Regulatory Commission (MERC) to establish a 100-MW battery energy storage system (BESS) initiative. The undertaking shall be implemented across 10 strategically positioned locations in… Continue reading Tata Power gets nod to install 100-MW battery energy storage project in Mumbai
Auto retail surge over 6% in FY25: FADA
Despite overall growth, dealers raised concerns about unrealistic sales targets set by OEMs, which strained finances and sustainability. The Federation of Automobile Dealers Associations (FADA) has released its vehicle retail data for FY25 and the month of March 2025. In FY25, vehicle retail sales grew by 6.46 per cent year-on-year (YoY). The numbers for March,… Continue reading Auto retail surge over 6% in FY25: FADA
China’s ‘indirect doles’ add to India’s concerns on easing checks on cos
Govt sources suspect some of the noise was being generated by Chinese firms whose bid to expand has been stalled in absence of govt approvals, prompting them to dilute equity in favour of Indian entities. Besides, China’s non-market economy status based on its policies, be it subsidies to manufacturers or loan write-offs, which some in… Continue reading China’s ‘indirect doles’ add to India’s concerns on easing checks on cos