Automakers should set reasonable annual production and sales targets and should not transfer inventory to dealers and force them to stockpile cars, the chamber proposed on Tuesday. Chinese auto dealers on Tuesday called on automakers to stop offloading too many cars on dealerships, as intense price wars are pressuring their cash flow, driving down their… Continue reading China car dealers urge automakers to stop dumping inventory on them
Author: Economic Times of India Online News
Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig
He was earlier promoted to head of the Asia Pacific region in 2020 during the pandemic. Uber has promoted Pradeep Parameswaran, its former India and Asia Pacific head, as the global head of mobility, as part of a broader leadership shake-up at the San Francisco-based ride-hailing giant, ET has learnt. According to an internal mail… Continue reading Pradeep Parameswaran elevated as Uber’s global mobility head in top-level rejig
Auto cos flag China’s magnet supply risks
Companies say an elaborate approval process has to be followed before the magnets can be procured, and a final approval from China’s ministry of commerce is also required. Raising an alarm over challenges in procuring rare earth magnets from China, the auto industry has told govt that the matter will lead to stoppage of production… Continue reading Auto cos flag China’s magnet supply risks
Met dept extends rain, storm warning; AQI improves
The air quality index, on a scale of 0 to 500, was 158 against 197 a day earlier. New Delhi: A day after strong squally winds hit the city, the weather department issued a warning of another thunderstorm with rain in the region for an additional day. A yellow alert was issued for storms and… Continue reading Met dept extends rain, storm warning; AQI improves
Audio Interview| US – Mexico transportation: Best-in-class risk management
Ron Hesse speaks with Mark Vickers. In the 24-minute Audio Interview, Mr. Vickers discusses these questions: How have Cargo Insurance Standards changed in Mexico over the past 8 years and why? What impacts does this have for the automotive industry? What does an ideal Borderless Coverage program look like for a top automotive supplier/manufacturer? How… Continue reading Audio Interview| US – Mexico transportation: Best-in-class risk management
May 2025 auto dispatches: PVs remain tepid, two-wheelers hold steady
Maruti Suzuki, reported a 6 per cent year-on-year decline in domestic dispatches, attributing the drop to its decision to “calibrate supplies to dealers” amid challenging market conditions. New Delhi: Automobile dispatches to dealers in May 2025, the second month of the current financial year, painted a mixed picture. While passenger vehicles faced challenges due to… Continue reading May 2025 auto dispatches: PVs remain tepid, two-wheelers hold steady
India must brace for steel trade diversion, say industry leaders
In a post later on his Truth Social platform, he said aluminum tariffs would also be doubled to 50 per cent, and both tariff hikes would go into effect Wednesday. India needs to be watchful of any increased risk of trade diversion into the country due to changing global tariffs, top steel industry executives said… Continue reading India must brace for steel trade diversion, say industry leaders
Auto rally more defensive than explosive: Anshul Saigal
If a promoter is buying, it is clear that he is buying because he sees value in his stock and he thinks that from here in the next few quarters and years, the stock is going to go up. “On tariffs, yes, you are right that that could be the case that just some nervousness… Continue reading Auto rally more defensive than explosive: Anshul Saigal
TVS Motor sales rise 17% to 431,275 units in May 2025
Two-wheeler exports also performed well, with a 21 per cent increase. Sales rose from 88,450 units in May 2024 to 106,879 units in May 2025. TVS Motor Company reported a 17 per cent increase in its monthly sales, rising from 369,914 units in May 2024 to 431,275 units in May 2025. The growth was witnessed… Continue reading TVS Motor sales rise 17% to 431,275 units in May 2025
India to create 7.29 million green jobs by FY28, 35 million by 2047: Report
With this massive growth, India is also set to create a huge number of green jobs — around 7.29 million by the financial year 2027-28 and 35 million by the year 2047, according to a NLB Services report India’s green economy is growing rapidly and is expected to reach a value of $1 trillion by… Continue reading India to create 7.29 million green jobs by FY28, 35 million by 2047: Report