South Korea’s Hyundai Motor Group said on Friday it plans to appoint Milan Kovac, the former head of Tesla‘s humanoid robot program, as an adviser as it seeks to bolster its competitiveness in robotics and artificial intelligence. The auto group also plans to nominate Kovac as an outside director of the firm’s U.S. subsidiary Boston… Continue reading Hyundai Motor Group to appoint former head of Tesla’s humanoid robot program as adviser
Author: Economic Times of India Online News
Rupee declines 10 paise to 90.44 against US dollar in early trade
Analysts said the American currency was impacted by the December US inflation numbers, which have reduced hopes for an immediate interest rate cut by the Federal Reserve. The rupee extended its weakening momentum for the third straight session, losing 10 paise to 90.44 against the US dollar in early trade on Friday, weighed down by… Continue reading Rupee declines 10 paise to 90.44 against US dollar in early trade
Toyota’s sweetened bid for group forklift maker opposed by Elliott
Toyota Motor said in a statement on Friday that it was aware of Elliott’s statement and would continue to closely monitor the situation. Toyota Motor may have revised its offer for Toyota Industries 15% higher, but that hasn’t satisfied activist shareholder Elliott, which said on Thursday that the planned buyout “very substantially” undervalued the forklift… Continue reading Toyota’s sweetened bid for group forklift maker opposed by Elliott
Urban mobility infra strengthened household finances: EAC-PM
New Delhi: Improved access to efficient public transport reduces households’ dependence on private vehicles, thereby lowering recurring transportation expenses, said a working paper by the Economic Advisory Council to the PM (EAC-PM). “This, in turn, eases the burden of servicing EMIs (equated monthly instalments), among the most significant fixed financial commitments for urban households,” said… Continue reading Urban mobility infra strengthened household finances: EAC-PM
Industry seeks GST correction, duty relief for EVs ahead of Budget
Electric vehicle makers have urged the government to correct the inverted duty structure and preserve a clear GST advantage for EVs, warning that recent tax changes for internal combustion engine (ICE) vehicles have narrowed the price gap and weakened the total cost of ownership benefit of electric mobility. While EVs continue to attract 5 per… Continue reading Industry seeks GST correction, duty relief for EVs ahead of Budget
Green and gray reshape auto colour choices in 2025: BASF report
The Americas showed a modest revival in chromatic tones, with the share of coloured paints rising nearly two percentage points. Green has emerged as the fastest-growing automotive colour globally in 2025, while gray has gained strongly within the neutral palette, signalling a shift away from traditional favourites, according to BASF Coatings’ latest Color Report for… Continue reading Green and gray reshape auto colour choices in 2025: BASF report
NBC Bearings to acquire 30% stake in Ahamani India
The companies said the partnership supports Ahamani’s long-term plans in India and enables NBC Bearings to expand its presence in future engineering and mobility technologies. National Engineering Industries, part of the CKA Birla Group, has entered into a strategic partnership with Ahamani EV Technology India to expand the advanced drone market in India. As part… Continue reading NBC Bearings to acquire 30% stake in Ahamani India
Owners struggle with HSRP registration as 4k records vanish at Beed RTO
RTO authorities said they were assisting the affected vehicle owners in completing the SOP process to enable HSRP registration. The Regional Transport Office (RTO) in Beed has no record of at least 4,000 vehicles, creating significant challenges for their owners, including difficulty in mandatory registration for High Security Registration Plates (HSRP). RTO officials alleged that… Continue reading Owners struggle with HSRP registration as 4k records vanish at Beed RTO
Budget 2026 should back processing, recycling of critical minerals: Deloitte India report
He linked this need for sustained public support to Indias long-term energy and climate commitments, including its pledge to achieve net zero emissions by 2070. New Delhi: The upcoming Union Budget should expand its focus beyond exploration and mining to include targeted support for processing and recycling of critical minerals and rare earths, along with… Continue reading Budget 2026 should back processing, recycling of critical minerals: Deloitte India report
Two-wheelers top wrong-side driving chart, cops stress on awareness too
As the city police intensifies efforts to curb wrong-side driving and begins registering FIRs, two-wheelers have emerged as the biggest offenders, accounting for 72% of all prosecutions last year — a 33% increase against 2024. Data reveals that two-wheeler violations rose sharply from 1,66,023 in 2024 to 2,20,018 in 2025. Violations by three-wheelers also increased… Continue reading Two-wheelers top wrong-side driving chart, cops stress on awareness too