Bajaj Auto on Monday reported a 16% growth. New Delhi: Bajaj Auto on Monday reported a 16% year-on-year growth in its total vehicle wholesales, including exports at 3,97,804 units in August. The Pune-based automaker had sold 3,41,648 vehicles in August 2023, according to a company statement. Total domestic sales (including commercial vehicles) rose 24% at… Continue reading Bajaj Auto reports 16% increase in wholesale in Aug
Author: Economic Times of India Online News
Stocks tiptoe towards US manufacturing, jobs data
MSCI’s broadest index of Asia-Pacific shares outside Japan ticked 0.1% lower. Japan’s Nikkei rose 0.7% and S&P 500 futures were flat. The dollar has steadied along with U.S. yields as focus turns to Friday. Bond yields drifted higher on Tuesday, while currencies and Asia’s stock markets steadied as investors waited on a raft of data… Continue reading Stocks tiptoe towards US manufacturing, jobs data
Centre to track 100 toll plazas with GIS-based software to ease traffic
Centre announced to track around 100 toll plazas with GIS-based software. New Delhi: The Centre on Monday announced to track around 100 toll plazas with GIS-based software for seamless movement of traffic at national highways. The live monitoring and tracking system at the toll plazas will help to ensure free flow of traffic and a… Continue reading Centre to track 100 toll plazas with GIS-based software to ease traffic
Mahindra Auto sales register 16% growth with 43,277 SUVs in August
Mahindra Thar Roxx Mahindra & Mahindra Ltd. reported a total of 76,755 vehicle sales in August 2024, including exports. The company observed a good growth in both the commercial vehicle and utility vehicle sales. According to Veejay Nakra, President of the Automotive Division at M&M Ltd., “We sold a total of 43,277 SUVs in August,… Continue reading Mahindra Auto sales register 16% growth with 43,277 SUVs in August
Ramkrishna Forgings to invest in aluminium forging project for EV market
The company’s strategic move into aluminium forging is driven by its goal to enhance vehicle performance, fuel efficiency, and reduce environmental impact. Ramkrishna Forgings has received approval from its board of directors for an investment of INR 57.5 crore to set up an aluminium forging facility in Jamshedpur. This facility will primarily cater to the… Continue reading Ramkrishna Forgings to invest in aluminium forging project for EV market
Supratik Roy joins Marelli UM Electronics Systems as Chief Operations Officer and Senior Director
Supratik Roy Supratik Roy has joined Marelli UM Electronics Systems as Chief Operations Officer and Senior Director, effective September 2, 2024. The global leader in automotive electronics aims to advance vehicle performance and safety through innovative solutions in electronics, software, lighting, and sustainable products for electric and hybrid vehicles. ExperienceSupratik Roy brings extensive experience to… Continue reading Supratik Roy joins Marelli UM Electronics Systems as Chief Operations Officer and Senior Director
No footpath for 44% of city roads, existing 26% meet norms: Report
Inadequate footpath infrastructure along Indian Roads. New Delhi: Around 44% of roads in Delhi have no footpath and only a little over one-fourth of the existing ones meet the width and height norms prescribed by the Indian Road Congress (IRC), according to a report released by IIT-Delhi. These details, highlighted in the India Status Report… Continue reading No footpath for 44% of city roads, existing 26% meet norms: Report
Rupee to decline after US data suggests larger Fed rate cut unlikely
Indian rupee is expected to weaken on Monday. The Indian rupee is expected to weaken at open on Monday after U.S. inflation data indicated that the Federal Reserve will not opt for a larger rate cut at this month’s meeting. The 1-month non-deliverable forward indicated that the rupee will open at 83.90 to the U.S.… Continue reading Rupee to decline after US data suggests larger Fed rate cut unlikely
China to pitch green tech exports to African leaders as Western curbs loom
China to host a summit with 50 African nations in Beijing to boost trade and promote its green technologies. China will urge a summit of 50 African nations in Beijing this week to take more of its goods, before Western curbs kick in on its exports such as electric vehicles and solar panels, in exchange… Continue reading China to pitch green tech exports to African leaders as Western curbs loom
Revenue growth of auto dealers to enter slow lane this year: Crisil report
Inventory of passenger vehicle dealers is said to have risen above normative levels to reach 50-55 days at the end of last year. The revenue growth of auto dealers is expected to slow to 7-9 %t this financial year after a healthy 14 % t last year, due to a moderation in sales volume growth… Continue reading Revenue growth of auto dealers to enter slow lane this year: Crisil report