The Nifty Auto Index has declined by almost 10% in the last three months, compared to a 4% drop in the benchmark Nifty. The auto sector in India has seen mixed performance over the past three months, with declining stock valuations, particularly in the two-wheeler segment, though recent December sales figures offer a glimmer of… Continue reading Auto sector faces mixed Q3 outlook: Stock slumps, festive sales drive recovery
Author: Economic Times of India Online News
MoRTH organises two day workshops focusing on transforming road transport sector
Timelines for implementing BS-VII emission norms and their anticipated pollution reduction benefits were also discussed. The Ministry of Road Transport and Highways (MoRTH) held a two-day workshop on January 6th and 7th, 2024, at Bharat Mandapam in New Delhi. The goal was to discuss challenges and solutions for transforming India’s road transport sector. The workshop… Continue reading MoRTH organises two day workshops focusing on transforming road transport sector
India’s natural gas pipeline to expand by 10,805 km; ethanol blending target set at 20% by 2025
The government’s unified pipeline tariff, introduced in July 2024, sets a levelized tariff of INR 80.97/MMBTU, aimed at creating a “One Nation, One Grid, One Tariff” system. India’s natural gas pipeline network is set to expand by 10,805 km, adding to the existing 24,945 km operational network, the ministry of petroleum and natural gas said.… Continue reading India’s natural gas pipeline to expand by 10,805 km; ethanol blending target set at 20% by 2025
How Washington’s tag on China’s CATL could affect Tesla
Tesla and CATL are working on an agreement to license CATL technology for battery production in Nevada. Washington’s addition of CATL to a list of firms it says work with China’s military could put Tesla founder Elon Musk in a tight spot, challenging how he balances his role in the Trump administration with his ties… Continue reading How Washington’s tag on China’s CATL could affect Tesla
Devising system to track working hours of drivers: Gadkari
Gadkari and Umashankar said govt will also come up with a modified scheme by March to provide cashless treatment for road accident victims nationwide, under which they will be entitled to a maximum amount of Rs 1.5 lakh per accident per person. The driver of the tanker carrying LPG in the fatal Jaipur crash was… Continue reading Devising system to track working hours of drivers: Gadkari
BMW India records highest sales with 15,721 cars in 2024
BMW India 7 series BMW Group India reported its best-ever annual car deliveries in 2024, with a total of 15,721 BMW and MINI cars and 8,301 BMW Motorrad motorcycles sold. This represents an 11% growth in car deliveries. The company attributed this success to a strong product offensive, new customer-centric initiatives, and expansion of services.… Continue reading BMW India records highest sales with 15,721 cars in 2024
Okaya EV rebrands as OPG Mobility; to showcase new EVs at Bharat Mobility 2025
OPG Mobility is revealing its first product under the new brand name and showcasing its enhanced electric vehicle range at the Bharat Mobility Global Expo 2025. Okaya EV has rebranded as OPG Mobility, launching new sub-brands and updated products at the Bharat Mobility Global Expo 2025. This rebranding signifies the company’s commitment to advanced technology,… Continue reading Okaya EV rebrands as OPG Mobility; to showcase new EVs at Bharat Mobility 2025
China exports push Nippon Steel to seek growth in US, India after blocked deal
“To be a ‘truly’ global steel producer, greater production capacity above current state is likely required,” said Wood Mackenzie’s Lundin. Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel was blocked by the White… Continue reading China exports push Nippon Steel to seek growth in US, India after blocked deal
India logs 9.1% jump in automobile sales in 2024 with growth in most segments
In the near term, FADA asserts that about 48% of automobile dealers expect growth in January, 41.22% see flat sales and 10.69% predict a slowdown. Retail automobile sales in India grew 9.1% in 2024 to 2.61 crore units, defying multiple headwinds like extreme weather, elections, and uneven monsoons. Segment-wise, two-wheeler sales grew 10.7%, three-wheelers 10.4%,… Continue reading India logs 9.1% jump in automobile sales in 2024 with growth in most segments
Europe shares rev up as auto sector jumps on report of softer U.S. tariffs
This week’s centrepiece would be the December U.S. nonfarm payrolls report on Friday, a crucial metric to assess the Federal Reserve’s interest rate path for 2025. European markets closed higher on Monday, as investor optimism was fuelled by a report suggesting that U.S. tariffs might be less severe than previously feared, boosting the automobile sector.… Continue reading Europe shares rev up as auto sector jumps on report of softer U.S. tariffs