Singapore: Iron ore futures slid on Thursday, weighed down by signs of weak demand after China’s new yuan loans unexpectedly contracted for the first time in two decades, while steel prices fell on high supply and seasonally lower consumption. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) fell 1.88 per cent… Continue reading Iron ore slides on weak China data, lower steel prices
Author: Economic Times of India Online News
China’s market regulator seeks feedback on smart EV recall, advertising guidelines
Representative image China’s market regulator is seeking public feedback on draft guidelines aimed at strengthening oversight over the recall, supervision and advertising of smart connected EVs, it said in a statement released on Wednesday. Car makers should not exaggerate vehicle performance or the performance of assisted driving technologies in advertising, the draft guidelines said, while… Continue reading China’s market regulator seeks feedback on smart EV recall, advertising guidelines
‘Tesla shame’ bypasses Norway as sales jump despite Musk’s politics
Musk’s politics – he helped bankroll Donald Trump’s US election win last year and has championed European far-right parties – have sparked a fierce consumer backlash. Like many Norwegians, Espen Lysholm is not a fan of Elon Musk these days, uncomfortable with the world’s richest man’s lurch into right-wing politics. He does, however, love Musk’s… Continue reading ‘Tesla shame’ bypasses Norway as sales jump despite Musk’s politics
The ‘Transport Man of India’ who put nation on a fast track
Walchand Hirachand (Credits- Air Power Asia) India is at the cusp of 79 years of Independence from British rule and the country has been one of the fastest growing economies in the world. The economy has transformed from agrarian to service-based and yet manufacturing remains integral to the growth story. The push today is to… Continue reading The ‘Transport Man of India’ who put nation on a fast track
Two- and three-wheeler segments drive July 2025 auto industry wholesales
Total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles in July 2025 was 26,98,519 units. The Indian auto industry reported largely stable wholesales in July 2025, with growth in the two- and three-wheeler segments offsetting a marginal decline in passenger vehicle sales, according to data from the Society of Indian Automobile Manufacturers (SIAM). Passenger VehiclesDuring… Continue reading Two- and three-wheeler segments drive July 2025 auto industry wholesales
Tamil Nadu invites bids for nine public EV charging stations in Chennai
Renualt India’s new’R store in Vijayawada The Tamil Nadu Green Energy Corporation (TNGECL) has invited bids to set up nine public EV charging stations in Greater Chennai Corporation (GCC) limits under a build-own-operate model, according to news agency IANS. The selected operator will design, install, and run the stations for 10 years. Each site must… Continue reading Tamil Nadu invites bids for nine public EV charging stations in Chennai
China’s export curbs hit EV production in district
An official from an EV motor manufacturing company in Coimbatore said some firms were sourcing magnets through Taiwan. Restrictions on the export of neodymium-iron-boron magnets by China are impacting electric vehicle (EV) motor production in Coimbatore. These magnets, which are crucial components for EV motors, are now facing supply delays and potential shortages due to… Continue reading China’s export curbs hit EV production in district
VW shareholder Porsche SE eyes higher defence exposure as auto sector flails
Porsche first flagged its intention to expand investments into the defence sector in March. Volkswagen‘s largest shareholder, holding firm Porsche SE, said on Wednesday that it planned to deepen its involvement in the defence sector, while reaffirming its core focus on cars and industrial technology. The move aligns with a broader trend among German auto… Continue reading VW shareholder Porsche SE eyes higher defence exposure as auto sector flails
PWD pushes for fast-track action on 89 pending Delhi traffic congestion hotspots
Proposed measures include shifting obstructive bus stands, electric poles and garbage dumps, repairing potholes, improving road surfaces and adding signage and lighting. With little progress on engineering interventions to ease traffic at key bottlenecks, the Public Works Department (PWD) has urged government agencies to expedite pending work at 89 congestion hotspots identified by Delhi Traffic… Continue reading PWD pushes for fast-track action on 89 pending Delhi traffic congestion hotspots
Maruti Suzuki ties up with PNB to offer enhanced inventory funding solutions for dealers
Maruti Suzuki ties up with PNB Maruti Suzuki India on Wednesday said it has inked an initial pact with Punjab National Bank to offer enhanced inventory funding solutions for its dealer network across the country. Maruti Suzuki and Punjab National Bank have signed a Memorandum of Understanding (MoU) to this effect. The collaboration aims to… Continue reading Maruti Suzuki ties up with PNB to offer enhanced inventory funding solutions for dealers