“It is encouraging to see a shift towards startups in manufacturing, technology, deeptech, and R&D. We need more startups focusing on these areas.” New Delhi: As India aims to become a $7-trillion economy by 2030, significant strides are still needed in the manufacturing sector, said Amardeep Singh Bhatia, secretary of the Department for Promotion of… Continue reading DPIIT secretary urges startups to focus on scaling manufacturing
Author: Economic Times of India Online News
South Korea calls for all-out response to US announcement of 25% tariffs
Later in the day, Han instructed Trade Minister Cheong In-kyo to promptly arrange a visit the U.S. as he presided over another task force meeting to respond to U.S. reciprocal tariffs. Acting President Han Duck-soo instructed the government on Thursday to go all-out to respond to the United States’ announcement of 25 percent tariffs on… Continue reading South Korea calls for all-out response to US announcement of 25% tariffs
Volkswagen to introduce ‘import fee’ on tariff-hit cars, WSJ reports
Trump’s 25per cent auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice. Volkswagen will introduce an “import fee” on vehicles affected by the 25% tariffs imposed by U.S. President Donald Trump, the… Continue reading Volkswagen to introduce ‘import fee’ on tariff-hit cars, WSJ reports
Trump’s auto tariffs to cover $600 billion in imports, including laptop computers
In other words, the auto tariffs do not stack on top of the new reciprocal tariffs, which start on April 5. U.S. President Donald Trump’s 25per cent auto tariffs will cover nearly $600 billion worth of vehicles and auto parts imports annually and extend to all computer imports into the U.S. – including laptops –… Continue reading Trump’s auto tariffs to cover $600 billion in imports, including laptop computers
Auto Workers for Trump founder Brian Pannebecker backs President’s tariffs
Trump announced new import tariffs on Wednesday (local time), outlining the rates to be imposed on countries around the world, with India facing a 26 per cent tariff. Following US President Donald Trump’s announcement of sweeping tariffs, Brian Pannebecker, the founder of Auto Workers for Trump, expressed strong support for the move and said that… Continue reading Auto Workers for Trump founder Brian Pannebecker backs President’s tariffs
Brazil announces auto industry executive as COP30 climate champion
Ioschpe is the chairman of Iochpe-Maxion, a Sao Paulo-based auto parts maker, and serves on the board of Brazilian firms such as planemaker Embraer. Brazil on Wednesday announced the nomination of auto industry executive Dan Ioschpe, who represented Brazil in business meetings at the G20 summit last year, as its “climate champion” for the 2025… Continue reading Brazil announces auto industry executive as COP30 climate champion
German auto industry says US tariffs ‘will only create losers’
The auto industry is a pillar of the German economy and the country’s largest industrial sector. New tariffs announced by US President Donald Trump’s administration “will only create losers”, the German Automotive Industry Association (VDA) said Thursday, calling on the EU to respond with “force”. “The EU is now called upon to act together and… Continue reading German auto industry says US tariffs ‘will only create losers’
Over 90% fitness tests in Delhi based on visual inspection, not emission testing: CAG
New Delhi: The Comptroller and Auditor General of India (CAG) has flagged significant lapses in the control of vehicular air pollution in the national capital, reporting that Delhi recorded ‘Poor’ to ‘Severe’ air quality on 1,195 out of 2,137 days — 56 per cent — between May 2015 and March 2021. In its performance audit… Continue reading Over 90% fitness tests in Delhi based on visual inspection, not emission testing: CAG
India backs EV tariff cuts for Trump trade deal, defying autos lobby, sources say
India’s EV sales, dominated by Tata Motors, accounted for just 2.5% of total car sales of 4.3 million in 2024, and the government wants to increase this to 30% by 2030. India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi… Continue reading India backs EV tariff cuts for Trump trade deal, defying autos lobby, sources say
NHAI achieves record highway construction and expenditure in FY25
The National Highways Authority of India (NHAI) exceeded its highway construction target and achieved record capital expenditure in the 2024-25 financial year, according to an official statement released on April 2. According to PTI, NHAI built 5,614 km of national highways, surpassing the 5,150 km target. The organisation also reached an all-time high capital expenditure… Continue reading NHAI achieves record highway construction and expenditure in FY25