Thailand’s USD 53 billion automobile industry faces a crisis. Thailand’s USD 53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives. The crisis in Southeast Asia’s largest car production hub has forced cuts to… Continue reading Thai auto sector reels from falling orders and soaring household debt
Author: Economic Times of India Online News
Transport dept issues norms to ease RC process for new vehicles
The Delhi government’s transport department has issued new guidelines to address delays in receiving registration certificates for newly purchased vehicles. Following complaints about delays in receiving registration certificates (RC) from automobile dealers for newly purchased vehicles, Delhi govt‘s transport department has issued new guidelines to streamline the process. Officials said instructions had been given to… Continue reading Transport dept issues norms to ease RC process for new vehicles
Italian unions call strike at Stellantis on Oct. 18 over falling production
Italian unions have announced a one-day strike on October 18 for metal workers at Stellantis. Italian unions have called a one day strike on Oct. 18 for metal workers at Stellantis and its local suppliers to protest against the automaker’s falling production in the country, the head of the UILM union said on Tuesday. Most… Continue reading Italian unions call strike at Stellantis on Oct. 18 over falling production
AutoZone misses quarterly profit estimates on rising costs; shares down
AutoZone reported a lower-than-expected fourth-quarter profit. Auto parts retailer AutoZone reported a lower-than-expected fourth-quarter profit on Tuesday, hurt by inflationary challenges, sending its shares down almost 5% in early trade. Despite an uptick in demand for DIY parts and other components as more people sought to keep their aging vehicles on the roads, the company… Continue reading AutoZone misses quarterly profit estimates on rising costs; shares down
Canada considering ban on Chinese tech in connected vehicles: minister
Canada is considering to follow the United States in banning the sale of connected vehicles. Canada is considering to follow the United States in banning the sale of connected vehicles incorporating Chinese technology, Deputy Prime Minister Chrystia Freeland said Tuesday, expressing security concerns. Electronics are increasingly integrated into modern cars, which can connect to personal… Continue reading Canada considering ban on Chinese tech in connected vehicles: minister
EV charging unit inspection finds no leakage
Inspection by agency found no leakage in Kochi EV unit. A day after a woman suffered burns from an EV charging unit, electrical inspectorate officials and the private agency which installed the charging station inspected the unit on Tuesday. The inspection by the agency found no leakage in the unit. The electrical inspectorate will give… Continue reading EV charging unit inspection finds no leakage
India joins US-led Minerals security fin setup
India has joined the US-led minerals security finance network to enhance cooperation. New Delhi: India has joined the US-led minerals security finance network, which aims to “strengthen cooperation and promote information exchange and co-financing” among participating institutions from the Indo-Pacific region and Europe, according to the US State Department. The network will also “advance diverse,… Continue reading India joins US-led Minerals security fin setup
Rupee to resume rise on yuan-led Asia rally, Fed outlook
The dollar/rupee remains range-bound, with bias on the downside considering that the dollar is pressured by Fed rate cut expectations, Puni said. The Indian rupee is expected to open higher on Wednesday, boosted by the broad uptick in Asian peers in the wake of China’s steps to support the economy and increased odds that the… Continue reading Rupee to resume rise on yuan-led Asia rally, Fed outlook
Enjoy zero cost mobility with EVs and rooftop solar charging
Updated On Sep 25, 2024 at 10:13 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The scheme is targeting solar panel installation across one crore households and has been allocated INR 75,021 crore. New Delhi: Sunlight is abundant in India, and with renewed government push for harnessing this free natural resource,… Continue reading Enjoy zero cost mobility with EVs and rooftop solar charging
JSW group not withdrawing INR 40,000 cr EV project from Odisha: Company official
The JSW group has confirmed it is not withdrawing its INR 40,000 crore electric vehicle and battery project from Odisha. Bhubaneswar: The JSW group is not “withdrawing” its proposed INR 40,000 crore electric vehicle (EV) and battery project from Odisha, a senior company official said on Tuesday. The company’s announcement comes after a section of… Continue reading JSW group not withdrawing INR 40,000 cr EV project from Odisha: Company official