Updated On Jun 15, 2024 at 03:58 PM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The industry saw highest inventory levels in 2018-19. Consequently, FADA found that about 275 dealerships had to wind up the operations, with the PV segment taking the major hit. New Delhi: The passenger vehicle (PV) segment… Continue reading FADA raises concern over car inventory build-up, seeks to reach out to SIAM
Author: Economic Times of India Online News
US manufacturing group calls for stronger protection against Chinese imports
It also follows this week’s decision by European Union officials to impose punitive tariffs of 17.4% to 38.1% on Chinese EVs to combat a finding of excessive govt subsidies for the sector. A policy group led by the United Steelworkers union and domestic manufacturers is calling for the U.S. to enact stronger trade barriers to… Continue reading US manufacturing group calls for stronger protection against Chinese imports
Passenger vehicle sales steady; two-wheeler segment to lead growth: Arnab Banerjee, Ceat
Arnab Banerjee, MD & CEO, Ceat “Natural rubber has already hit around INR 200 rupees per kg, which is up from around 150, 160 three months back. So, we expect overall raw material basket to move up by about 5% to 5.5% by the end of quarter one, vis-a-vis end of quarter four,” says Arnab… Continue reading Passenger vehicle sales steady; two-wheeler segment to lead growth: Arnab Banerjee, Ceat
Delhi Metro Magenta line to be ‘unmanned’ by June-end
In the upcoming corridors of DMRC’s phase IV expansion, the train operations will also be driverless. Drivers’ cabins are being removed from metro trains in the Magenta line to make space for passengers. The trains will become fully automated by June-end. The driverless trains currently have a provision for train attendants, who will be removed… Continue reading Delhi Metro Magenta line to be ‘unmanned’ by June-end
India to auction about 62 coal blocks next week with no end-use restriction
G Kishan Reddy emphasized the need for complete transparency and revenue maximization in this auction process. The Ministry of Coal, under the leadership of Union Minister G Kishan Reddy, is set to launch the 10th round of commercial coal block auctions next week. According to the press release, this initiative aligns with Prime Minister Narendra… Continue reading India to auction about 62 coal blocks next week with no end-use restriction
FADA raises concerns over high inventory levels in automobile industry
Updated On Jun 15, 2024 at 08:02 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Among the budget expectations from the new government, Singhania said FADA wants the work on infrastructure push to continue. Automobile retailers‘ apex body FADA on Friday voiced its concern on the high inventory level and said… Continue reading FADA raises concerns over high inventory levels in automobile industry
M&M to strengthen its auto game with 23 launches in pipeline by 2030
M&M will launch 9 ICE SUVS in which 3 are going to mild cycle enhancements; this includes a recently launched XUV3XO. New Delhi: Mahindra and Mahindra, aims to strengthen its Indian market position by launching 23 new products by the decade end, the company said at its investors meet. The Mumbai-based company targets to have… Continue reading M&M to strengthen its auto game with 23 launches in pipeline by 2030
M&M’s market cap hits record high, overtakes Tata Motors
This remarkable achievement underscores M&M’s strong position in the market and its ability to deliver consistent growth and value to its shareholders. Mahindra & Mahindra (M&M) has made a significant leap in the Indian market, overtaking Tata Motors to become the country’s second most valuable company. M&M’s market capitalization has soared to INR 3,65,193 crore,… Continue reading M&M’s market cap hits record high, overtakes Tata Motors
Japan could be energy-independent by 2060 thanks to renewables, says Rystad Energy CEO
“All Japan needs is to continue installing as much solar as it did in the years before 2020. From 2014, you installed between 10 and 12 gigawatts on the peak,” Rystad said. Japan, a major coal and liquefied natural gas (LNG) buyer, could be energy-independent by 2060 thanks to expansion of solar and wind power… Continue reading Japan could be energy-independent by 2060 thanks to renewables, says Rystad Energy CEO
India likely to present Budget on July 22
Finance Minister Nirmala Sitharaman’s last Budget presentation was a vote on account due to Lok Sabha elections scheduled between April and May. Union Budget 2024 is expected to be presented on July 22, sources told ET. This will mark the first full Budget of the Modi 3.0 administration. The main policy priorities for Prime Minister… Continue reading India likely to present Budget on July 22