In September, Stellantis publicly targeted dealer inventory of no more than 330,000 vehicles by year end. Automaker Stellantis achieved its goal of cutting U.S. inventories by more than 100,000 vehicles late last year, its North American chief said on Friday at the Detroit Auto Show. Antonio Filosa, who has led the carmaker’s North American operations… Continue reading Stellantis reaches goal of cutting US inventory by 100,000 units
Author: Economic Times of India Online News
EV regns drop amid subsidy cuts and charging concerns
PUNE: For the first time in three years, fewer electric vehicles were registered across the state in 2024, largely due to the sudden reduction of the subsidy for EVs, charging worries and after-sales service concerns of some brands. While the state saw a 20% drop in EV registrations in 2024 compared to 2023, the Pune… Continue reading EV regns drop amid subsidy cuts and charging concerns
Rupee closes at nearly 86/$, falls for 10th week in row
The week ended January 3, saw forex reserves decline by $5.7 billion to a 10-month low of $634.6 billion – its fifth straight week of decline. Forex reserves had touched a high of $704.9 billion in late September. The rupee sank closer to the 86 level, recording its tenth consecutive week of decline against the… Continue reading Rupee closes at nearly 86/$, falls for 10th week in row
2025 Indian Car and Motorcycle of the Year winners announced: Details
MG Windsor was named the 2025 Green Car of the Year The highly anticipated 2025 Indian Car of the Year (ICOTY) and Indian Motorcycle of the Year (IMOTY) awards have been announced. These awards, celebrating their 20th edition, are considered the ‘Oscars’ for the automotive sector in our country. Here, let’s quickly take a look… Continue reading 2025 Indian Car and Motorcycle of the Year winners announced: Details
TVS Group veteran H Lakshmanan dies at 92 due to age-related ailments
Updated On Jan 11, 2025 at 08:08 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals H Lakshmanan H Lakshmanan (92), former Executive Director of Sundaram-Clayton and a pillar of the TVS group for nearly seven decades, passed away on Friday due to age-related ailments. He is survived by his wife, a… Continue reading TVS Group veteran H Lakshmanan dies at 92 due to age-related ailments
FADA to host 13th Auto Summit to highlight safe, efficient and sustainable mobility
The event will also explore how cutting-edge technology and streamlined operations enhance operational efficiency and customer satisfaction. The Federation of Automobile Dealers Associations (FADA) will host its 13th annual auto summit on January 18, 2025, at Le Méridien, New Delhi. The summit, themed “Safe, Efficient & Sustainable: Shaping Tomorrow’s Mobility,” will address key challenges and… Continue reading FADA to host 13th Auto Summit to highlight safe, efficient and sustainable mobility
Auto component companies rev up to drive to every corner of the world
Every segment of the market is revving up, making the market red hot. The automobile component companies are adding wings to the wheels of the industry. As global dynamics and alliances are shifting, manufacturers of components are sensing the opportunity to be the preferred choice for global automobile giants. Consumers are increasingly choosing electric vehicles,… Continue reading Auto component companies rev up to drive to every corner of the world
Aim to become no. 1 country in auto segment: Nitin Gadkari
“When I took charge of the minister. The size of the industry was Rs 7.5 lakh crore and today its size is Rs 22 lakh crore. And this is the industry, which has created 4.5 crore jobs till now — the highest in the country. Union minister Nitin Gadkari on Thursday highlighted the growth of… Continue reading Aim to become no. 1 country in auto segment: Nitin Gadkari
Aiming to promote manufacturing hub in Hyderabad: CM
Referring to ‘China Plus One strategy’ of businesses diversifying manufacturing & supply chains beyond China, he said government aims to make Hyderabad as the alternative to China. The Telangana government is planning to promote manufacturing in a big way between the Outer Ring Road and the proposed Regional Ring Road in Hyderabad and make the… Continue reading Aiming to promote manufacturing hub in Hyderabad: CM
Malaysia aiming to become energy, chip making hub, PM says
Anwar said Malaysia will now aim to refine its expertise in oil and gas, semiconductors, and Islamic finance to become a global market leader in each field. Malaysia wants to leverage its location to become an energy and chip manufacturing hub this year, riding a recent jump in investments and a favourable outlook for the… Continue reading Malaysia aiming to become energy, chip making hub, PM says