European automakers, many of which use the ports on strike, would be the most affected, Levy said in a research note. European automakers are the most likely to be affected by the dockworkers strike at U.S. East Coast and Gulf Coast ports because they rely heavily on those locations, but a longer walkout could prove… Continue reading European automakers most at risk from US dockworkers strike
Author: Economic Times of India Online News
The anarchy of EV charging technologies: Critical need to standardise EV connecting systems
There are two types of chargers based on the type of electric current supplied – AC chargers and DC chargers. At a running cost of around one Rupee per kilometer, EV cars are more economical for users who drive for more than 1,500 kilometers a month. However, EV users have to face a lot of… Continue reading The anarchy of EV charging technologies: Critical need to standardise EV connecting systems
TVS Motor sales increases 20% with 4,82,495 units in September
The company’s domestic two-wheeler sales saw a 23% increase, climbing from 300,493 units in September 2023 to 369,138 units in September 2024. TVS Motor Company reported a 20% growth in monthly sales for September 2024, with total sales reaching 482,495 units compared to 402,553 units in September 2023. This increase is driven by a significant… Continue reading TVS Motor sales increases 20% with 4,82,495 units in September
Maruti, Hyundai, Tata Motors report decline in wholesales in Sep
The automaker had dispatched 20,022 units to dealers in September 2023. Maruti Suzuki, Hyundai and Tata Motors reported a decline in wholesales in September as the companies curtailed dispatches to dealers to reduce inventory build-up amid a decline in demand. Maruti Suzuki India reported a 4 % dip in total domestic passenger vehicle wholesales last… Continue reading Maruti, Hyundai, Tata Motors report decline in wholesales in Sep
Tata Motors sales drop 15% Y-o-Y in Sept with 69,694 units
Updated On Oct 1, 2024 at 03:55 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Tata Motors reported a decline of 15% in its total domestic sales with 69,694 units sold in September 2024, as against 82,023 units sold in the same period last year. Tata Motors, India’s leading automobile player… Continue reading Tata Motors sales drop 15% Y-o-Y in Sept with 69,694 units
Mahindra & Mahindra reports 24% growth in passenger vehicle sales for September, total sales reach 87,839 units
Updated On Oct 1, 2024 at 12:18 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The company’s overall exports surges to 3,027 units in September 2024, that is 25% higher than its sales in September 2024 that was 2,419. Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies,… Continue reading Mahindra & Mahindra reports 24% growth in passenger vehicle sales for September, total sales reach 87,839 units
Bajaj Auto September sales up 23% to 3,11,887 units
Bajaj Auto total sales grew 20% Y-o-Y with 4,69,531 units sold in September 2024, as against 3,92,558 units in September 2023. Bajaj Auto, one of India’s leading automobile manufacturers, reported an increase of 23% Y-o-Y to 3,11,887 units in September 2024 domestic sales, compared to 2,53,193 units in September 2023. The company has observed a… Continue reading Bajaj Auto September sales up 23% to 3,11,887 units
Dumping probe begins into China CRNO steel imports
Both had approached the commerce ministry seeking an investigation into CRNO dumping from China. India has initiated an anti-dumping investigation into imports of Cold-Rolled Non-oriented Electrical Steel (CRNO) from China on complaints by South Korean and Taiwanese steel makers. One of the complainants, POSCO Maharashtra Steel Pvt Ltd, is a fully owned subsidiary of POSCO… Continue reading Dumping probe begins into China CRNO steel imports
Rupee may struggle after Powell dampens hopes of another jumbo rate cut
But the currency is expected to find support around 83.90 as those levels would be quite appealing for exporters to sell dollars, says traders. The Indian rupee is expected to open slightly weaker and stay under pressure on Tuesday after Federal Reserve Chair Jerome Powell pushed back against expectations of more larger-than-usual interest rate cuts,… Continue reading Rupee may struggle after Powell dampens hopes of another jumbo rate cut
Vehicles registered before ’03 to get 75% tax cut if scrapped
Updated On Oct 1, 2024 at 08:16 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Last year too, the govt had come out with similar scheme, offering rebate on scrapping old vehicles for one-year period from March 11, 2023, to March 10, 2024. UP govt has issued an order stating that… Continue reading Vehicles registered before ’03 to get 75% tax cut if scrapped