India’s strengths in frugal engineering and its talented workforce offer a remarkable opportunity to cement its position as a leader in the global EV ecosystem, driving a cleaner and more sustainable future. India’s electric vehicle (EV) revolution is charging ahead, driven by dynamic policies, hefty investments, and a surge in consumer interest. Bloomberg NEF’s EV… Continue reading Accelerating towards tomorrow: India’s electric vehicle revolution
Author: Economic Times of India Online News
China to propose restoration of 2020 ‘Phase 1’ trade deal with the US: Report
The Chinese Ministry has also called for “frank dialogue” between the two sides. The Chinese Embassy in Washington has also urged the US to “correct its wrongdoings.” China’s initial proposal to address tariffs and technology restrictions by the US President Donald Trump’s administration will reportedly focus on restoring the ‘Phase 1’ trade deal signed in… Continue reading China to propose restoration of 2020 ‘Phase 1’ trade deal with the US: Report
HK-listed Chinese stocks surge on AI, EV rally as Trump tariffs loom
The EV sector also lifted the market, with carmaker XPeng jumping 12.6% after the company said it delivered a nearly three-fold increase in smart EVs in January year-on-year. Chinese stocks listed in Hong Kong surged on Tuesday as investors loaded up on AI and EV shares, despite looming U.S. tariffs on China. U.S. President Trump’s… Continue reading HK-listed Chinese stocks surge on AI, EV rally as Trump tariffs loom
Hero MotoCorp former CTO Dr Arun Jaura joins JK Tyre
Dr Jaura has also been a Member of the European Advisory Committee (Automotive) at SAE International since 2016. New Delhi: Arun Jaura, the former Chief Technology Officer (CTO) at the country’s largest two wheeler maker Hero MotoCorp has joined JK Tyres on Monday. Dr Jaura resigned from his last position in April last year. Announcing… Continue reading Hero MotoCorp former CTO Dr Arun Jaura joins JK Tyre
India, UK to resume FTA talks from February 24
The bilateral trade between India and the UK rose to USD 21.34 billion in FY24 from USD 20.36 billion in FY23. India and the UK are expected to resume talks on the proposed free trade agreement (FTA) from February 24, with Britain’s trade minister Douglas Alexander expected to visit New Delhi later this month. The… Continue reading India, UK to resume FTA talks from February 24
Stocks from automakers to retailers feel pressure from tariff threats
The automotive sector faces a bumpy road ahead. Companies in a wide range of industries saw their stocks come under pressure Monday on Wall Street because of tariff threats from President Donald Trump. Automakers, technology companies and retailers all fell as the U.S., Mexico, Canada and China wrangled over tariffs. Trump said over the weekend… Continue reading Stocks from automakers to retailers feel pressure from tariff threats
India’s green hydrogen sector may belong to big players; costs to squeeze-out small firms
One of the key reasons behind big firms dominating the sector includes their advantage on economies of scale. India’s green hydrogen sector is expected to be increasingly dominated by big players going forward as high capital requirements, economies of scale, and financial challenges will drive out small players, according to experts. “It is indeed true… Continue reading India’s green hydrogen sector may belong to big players; costs to squeeze-out small firms
Rupee slides down to record low of 87.29 after Trump’s tariff threats
At the interbank foreign exchange, the rupee opened at 87.00 before slipping to 87.29 against US dollar, marking a steep fall from its previous close of 86.62 on Friday. Rupee followed global currency market’s trend, plunging down 67 paise against the greenback, registering a record low of 87.29 during early trade on Monday. This slip… Continue reading Rupee slides down to record low of 87.29 after Trump’s tariff threats
Global car industry in firing line of Trump’s tariffs on Mexico, Canada
U.S. automaker Tesla encouraged its Chinese suppliers to set up plants in Mexico in 2023 to supply the factory it was planning to build in the country from early 2025, but its plans have not materialised. U.S. President Donald Trump has imposed 25% tariffs on imports from Mexico, Canada and a fresh 10% duty on… Continue reading Global car industry in firing line of Trump’s tariffs on Mexico, Canada
Maruti Suzuki, Eicher Motors shares rally up to 4% as January sales, exports show steady growth
On the domestic front, Maruti’s passenger vehicle sales stood at 173,599 units, reflecting a 4.1% increase from 166,802 units in the previous year. Shares of Maruti Suzuki India and Eicher Motors surged up to 4% on Monday, after the automakers reported steady sales and exports growth in January, signaling sustained demand in the automotive sector.… Continue reading Maruti Suzuki, Eicher Motors shares rally up to 4% as January sales, exports show steady growth