Meanwhile, foreign outflows from Indian equities continued with month-to-date sales approaching USD 8 billion. The Indian rupee is likely to open mostly unchanged on Tuesday, holding near its all-time low, with the dollar making its way to the highest in more than two months. The decline in oil prices alongside expectations that the Reserve Bank… Continue reading Rupee to hold near all-time low amid dollar’s climb to over 2-month high
Author: Economic Times of India Online News
Audio Interview| Nearshoring and Mexico: Entering or expanding automotive operations through M&A activities
Ron Hesse speaks with Chad Barton and Francisco Andres Gamez-Garza In the 22-minute Audio Interview, Mr. Barton and Mr. Gámez-Garza discuss these questions: What are the benefits of nearshoring to Mexico through M&A for automotive parts suppliers? Okay, so what are the common challenges faced by manufactures generally, and automotive parts suppliers specifically, when entering… Continue reading Audio Interview| Nearshoring and Mexico: Entering or expanding automotive operations through M&A activities
Turning the tide: Effective strategies for mitigating inventory excess in Indian dealerships
To protect market share and meet planned targets, companies continue producing based on monthly forecasts. Indian auto dealerships are facing significant challenges as a recent decline in car sales in India has left them burdened with a substantial inventory surplus—equivalent to approximately 85 days of sales. Despite receiving clear signals of slowing demand, many OEMs,… Continue reading Turning the tide: Effective strategies for mitigating inventory excess in Indian dealerships
Passenger vehicle and commercial vehicle sales drop 2% and 11%
Commercial vehicle sales have observed a decline of 11% Y-o-Y with 2,20,643 units sold in Q2 FY25 corresponding to 2,47,801 units in Q2 FY24. Passenger vehicle domestic sales observed a drop of 1.8% Y–o-Y in Q2 FY2025 from 10,74,395 units sold in Q2 FY24 in comparison with 10,55,137 units in this financial year, stated SIAM… Continue reading Passenger vehicle and commercial vehicle sales drop 2% and 11%
India’s Elon Musk — and his EVs — need to be less combustible
An online spat between Aggarwal and Kunal Kamra, a popular Indian stand-up comic, has had India riveted. By constantly referring to one of the world’s youngest billionaires as “India’s Elon Musk,” the media has done a disservice to Bhavish Aggarwal. The 39-year-old founder of Bengaluru-based Ola Electric Mobility Ltd. seems to have started believing that… Continue reading India’s Elon Musk — and his EVs — need to be less combustible
Automated vehicle fitness centres at 5 locations soon
It has now been made mandatory to get fitness tests of these vehicles conducted at an automated testing station. Delhi govt has initiated the process to establish automated fitness centres at five different locations across the city. These centres will come up in different areas of the capital, including north, northwest, west, south and southeast.… Continue reading Automated vehicle fitness centres at 5 locations soon
Breach of key level, dollar strength to weigh on rupee
“I reckon RBI will simply allow a slow drift higher, while making sure that expectations of a large move higher do not build.” The Indian rupee is likely to begin the week on the defensive after it weakened past an important level on Friday amid a buoyant U.S. dollar. The one-month non-deliverable forward indicated that… Continue reading Breach of key level, dollar strength to weigh on rupee
China-EU EV tariff talks in Brussels end with ‘major differences’: Beijing
China has denied this and decried the EU tariffs, warning they will unleash a trade war. The latest negotiations over European Union tariffs on Chinese electric vehicles ended in Brussels with “major differences” remaining, Beijing’s commerce ministry said Saturday. Brussels has decided to impose swingeing new tariffs of up to 35.3 percent on imports of… Continue reading China-EU EV tariff talks in Brussels end with ‘major differences’: Beijing
Delhi poised to establish first vehicle scrapping facility to combat pollution
Delhi is reportedly set to welcome its first registered vehicle scrapping facility (RVSF). Delhi is reportedly set to welcome its first registered vehicle scrapping facility (RVSF), aimed at dismantling older vehicles in an environmentally responsible manner. During a recent meeting, the Delhi Pollution Control Committee (DPCC) classified these scrapping units as part of the orange… Continue reading Delhi poised to establish first vehicle scrapping facility to combat pollution
India’s mining and construction equipment industry to expand by 70-80 % in next 5 years: ICRA
It added that the industry is set to become a USD 25 billion market by 2030, according to projections. India’s mining and construction equipment (MCE) industry is poised for significant growth, with localisation levels expected to increase to 70-80 % in the next 5-7 years, highlighted ICRA in a report. It also noted that this… Continue reading India’s mining and construction equipment industry to expand by 70-80 % in next 5 years: ICRA