The RBI’s support has meant that the rupee has not been impacted by the more than USD 5 billion of equity outflows in just five sessions this month. The Indian rupee is expected to hold near all-time lows on Tuesday amid the 10-year U.S. Treasury yields hitting the highest in two months and relentless equity… Continue reading Rupee to rely on central bank support amid higher US yields, outflows
Author: Economic Times of India Online News
Servotech Power Systems gets additional order to set up 9 EV charging stations in Maharashtra
“Previously, the company had received an order from NMC which involved supplying, commissioning, and constructing 20 EV charging stations throughout the corporation area,” it said. Servotech Power Systems on Monday said it has secured an additional order in Maharashtra to set up nine EV charging stations. With this, the total number of EV charging stations… Continue reading Servotech Power Systems gets additional order to set up 9 EV charging stations in Maharashtra
Audio Interview: US – China Trade War Update: Recommendations for the Automotive Industry
Ron Hesse speaks with Les Glick In the 16-minute Audio Interview, Mr. Glick discusses these questions: • I know you are an expert on China trade, what are the latest developments in trade with China? • What is the impact on the US automotive industry? • What were the reasons for these changes? • Have… Continue reading Audio Interview: US – China Trade War Update: Recommendations for the Automotive Industry
Automobile sales plummet 9.26% in September amid festive slump, Shraddh period and heavy rains
The three-wheeler and tractor segments showed marginal Y-o-Y growth of 0.66% and 14.69%, respectively. Automobile sales in India experienced a decline in September, with a reported overall drop of 9.26% year-on-year (Y-o-Y), according to data released by the Federation of Automobile Dealers Association (FADA) on October 7. Factors such as lackluster demand during Ganesh Chaturthi… Continue reading Automobile sales plummet 9.26% in September amid festive slump, Shraddh period and heavy rains
Trump threatens a 200% tariff on vehicles imported from Mexico
Trump threatens a 200% tariff on vehicles imported from Mexico. Republican U.S. presidential candidate Donald Trump on Sunday said he would slap tariffs as high as 200% on vehicles imported from Mexico as he ratchets up his protectionist trade rhetoric ahead of the Nov. 5 election. Trump, facing Democrat Kamala Harris in a tight race,… Continue reading Trump threatens a 200% tariff on vehicles imported from Mexico
Over 60 % of South Korea’s automotive exports shipped to North America
Over 60 % of South Korea’s automotive exports shipped to North America. Over 60 % of South Korea’s automotive exports throughout most of 2024 have been shipped to North America, industry data showed on Sunday, raising calls for companies to consider more balanced global export strategies. Of those, 61.4 % , or 1,140,073 units, were… Continue reading Over 60 % of South Korea’s automotive exports shipped to North America
Rupee to remain moored at 84/USD after 50 bps Fed rate cut priced out
The Indian rupee is expected to hold near its all-time low on Monday. The Indian rupee is expected to hold near its all-time low on Monday after a blowout U.S. jobs report prompted investors to almost fully price out the likelihood of the Federal Reserve opting for one more large rate cut at their next… Continue reading Rupee to remain moored at 84/USD after 50 bps Fed rate cut priced out
Exicom acquires US EV charging company Tritium for INR 310 cr
Exicom has absorbed the entire workforce of 300 people at Tritium in the company. Home grown EV charging solutions firm Exicom has acquired US-based DC fast charging technology company Tritium for USD 37 million, or about INR 310 crore, a senior company official said. Exicom managing director Anant Nahata told PTI that the company is… Continue reading Exicom acquires US EV charging company Tritium for INR 310 cr
Key infra projects get approval under NHAI annual plan
The chosen alignment will be sent to NHAI’s head office by the end of the month, after which the DPR will be prepared and land acquisition will begin. Key infrastructure projects in the city and across the state have been approved as part of the National Highways Authority of India’s (NHAI) annual plan for 2024-25.… Continue reading Key infra projects get approval under NHAI annual plan
Quality concerns push HRS to test Chengalpet road
When contacted, HRS official M Saravanan’s office declined to share the test results or clarify if immediate relaying of the road would be recommended. A conflict between elected representatives and a highway contractor over poor road quality in Chengalpet has led the Highways Research Station (HRS) to conduct quality tests. The issue traces back to… Continue reading Quality concerns push HRS to test Chengalpet road