Dr Anish Shah, Group CEO and MD of Mahindra & Mahindra, said the appointments reflect the group’s depth of talent and commitment to driving sustained growth. Mahindra Group has announced a key realignment of its senior leadership, appointing experienced internal candidates to lead its automotive, farm equipment, and logistics businesses. Hemant Sikka to lead Mahindra… Continue reading Mahindra Group rejigs leadership, elevates senior leaders from within
Author: Economic Times of India Online News
South Korea’s LG Energy Solution pulls out from Indonesia EV battery investment
“However, we will continue to explore various avenues of collaboration with the Indonesian government, centring on the Indonesia battery joint venture, HLI Green Power,” it added. South Korea’s LG Energy Solution has formally withdrawn from a 142 trillion rupiah ($8.45 billion) project in electric vehicle battery making in Indonesia, the company said on Monday. LGES… Continue reading South Korea’s LG Energy Solution pulls out from Indonesia EV battery investment
Gensol Engineering shares tumble 5%; hit another lower circuit limit
Gensol Engineering is engaged in providing solar consulting services, engineering, procurement and construction (EPC) services, and leasing of electric vehicles, among others. Shares of Gensol Engineering crashed 5per cent to hit another lower circuit limit on Monday amid the ongoing crisis at the firm. Sebi, through its interim order on Tuesday last week, barred brothers… Continue reading Gensol Engineering shares tumble 5%; hit another lower circuit limit
1.4L electric vehicles fight over 763 public charging stations
“Public charging stations are supposed to be like fuel pumps for conventional cars. If they don’t function or can’t be located, it’s a disaster for long drives.” Rapid growth in electric vehicle (EV) use notwithstanding, a critical gap in accessible, functional and well-publicised charging stations in Bengal threatens to derail Bengal’s transition to e-mobility, shows… Continue reading 1.4L electric vehicles fight over 763 public charging stations
India, US officials likely to take up tariffs on steel and aluminium
As part of the agreement, India rescinded additional duties on eight US products, and in return, the US agreed that it would strive to ensure effective market access opportunities for Indian exporters of steel and aluminium. India has taken up the issue with the US over the re-imposition of duties by America on steel and… Continue reading India, US officials likely to take up tariffs on steel and aluminium
Auto exports rise 19%, cross 53 lakh units in FY25
Updated On Apr 21, 2025 at 08:30 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Three-wheeler exports grew by 2per cent in FY 2024-25 as compared to FY 2023-24 with shipment of 3.1 lakh units. New Delhi: Automobile exports from India rose by 19per cent to over 53 lakh units in… Continue reading Auto exports rise 19%, cross 53 lakh units in FY25
GST body drops ₹115 cr from tax demand against Mahindra & Mahindra
The department argued that the brand name, logo and tagline were the sole properties of Mahindra & Mahindra. The adjudicating authority on goods and services tax has dropped a major portion of the GST sought from Mahindra & Mahindra for allowing its group companies to use its brand name and logo, but upheld a part… Continue reading GST body drops ₹115 cr from tax demand against Mahindra & Mahindra
Honour to speak to PM Modi, will visit India by year-end: Musk
New Delhi: With Tesla set to launch cars in India soon, and satcom venture Starlink in the final phase of goverment approval process, American tech billionaire Elon Musk on Saturday said he will be visiting the country later this year, the comments coming a day after he spoke to PM Narendra Modi over telephone. “It… Continue reading Honour to speak to PM Modi, will visit India by year-end: Musk
Volvo to cut up to 800 US jobs as Trump’s tariffs bite
Volvo Group’s lay-offs are the latest response from a car and truck industry that is reeling from the Republican president’s tariffs on certain parts, which is expected to increase the cost of manufacturing vehicles. Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due… Continue reading Volvo to cut up to 800 US jobs as Trump’s tariffs bite
BluSmart crisis: Green mobility’s red flag is giving HNIs bond blues
BluSmart sold bonds worth around Rs 62 crore to Yubi while Centricity and Klub acquired bonds worth Rs 2.5 crore and Rs 8 crore, respectively, as per regulatory filings. Over the past year, multiple new-age fintech platforms facilitated the sale of nearly Rs 100 crore worth of BluSmart Mobility bonds to retail investors and high… Continue reading BluSmart crisis: Green mobility’s red flag is giving HNIs bond blues