Veena Lakkundi, senior vice president, strategy & corporate development, Rockwell Automation In a recent interview Veena Lakkundi, Senior Vice President, Corporate Strategy & Development of Rockwell Automation provided insights into the current state and future growth opportunities in global manufacturing. She highlighted North America’s significant growth due to domestic incentives and investments, especially in semiconductors.… Continue reading India has huge potential to be a manufacturing hub in tune with global growth: Veena Lakkundi, Rockwell Automation
Author: Economic Times of India Online News
JSW Steel production declines in May due to maintenance shutdown
Over the last three decades, JSW Steel has grown from a single manufacturing unit to become India’s leading integrated steel company with a capacity of 29.7 million tonne per annum in India and the US. JSW Steel reported a 4% decline in its crude steel production in May at 20.98 lakh tonnes, the company informed… Continue reading JSW Steel production declines in May due to maintenance shutdown
European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
Hungary has spent more than USD 1 billion in recent years to support new battery plants of South Korean groups SK On and Samsung SDI and Chinese battery giant CATL’s planned factory. European governments may be wary of budget Chinese electric vehicles flooding their markets but they’re also fiercely competing for a share of the… Continue reading European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
Rupee declines tracking Asian peers, forward premiums drop
The dollar index was up 0.2% at 105.3, adding to Friday’s gains, while the Korean won led losses in Asian currencies with a 0.9% fall. The Indian rupee weakened on Monday tracking its Asian peers amid a pullback in hopes of policy easing by the U.S. Federal Reserve, which also prompted a decline in dollar-rupee… Continue reading Rupee declines tracking Asian peers, forward premiums drop
Expo Centre Sharjah signs agreement to launch Middle East Electric Vehicle Show 2025
Updated On Jun 10, 2024 at 08:21 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Under the agreement, both parties will work towards the success of the exhibition, introducing the regional audience to the latest innovations in the world of electric vehicles (EVs) from various brands and manufacturers. Expo Centre Sharjah… Continue reading Expo Centre Sharjah signs agreement to launch Middle East Electric Vehicle Show 2025
Norway wealth fund to vote against Musk’s USD 56 billion Tesla pay package
In 2018, the fund had voted against the package. Norway’s USD 1.7 trillion sovereign wealth fund said on Saturday it will vote against ratifying Tesla CEO Elon Musk‘s USD 56 billion pay package, which is up for a shareholder vote next week, after a Delaware judge invalidated it earlier this year. The fund is Tesla‘s… Continue reading Norway wealth fund to vote against Musk’s USD 56 billion Tesla pay package
ASDC and CBSE Introduce National Automobile Olympiad 2024 to Engage Students in Automotive Industry
The NAO 2024 is tailored for students from classes 6 to 12 across all educational boards, aiming to ignite interest and deepen understanding about India’s flourishing automotive landscape. In a bid to spark curiosity and nurture an appreciation for the automotive sector among young learners, the Automotive Skills Development Council (ASDC) has joined forces with… Continue reading ASDC and CBSE Introduce National Automobile Olympiad 2024 to Engage Students in Automotive Industry
Turkey imposes 40% tariff on vehicle imports from China
In 2023, Turkey imposed additional tariffs on electric vehicle imports from China and brought some regulations regarding EV maintenance and services. Turkey will impose a 40% additional tariff on imports of vehicles from China to halt a possible deterioration of its current account balance and protect domestic automakers, the trade ministry said on Saturday. China… Continue reading Turkey imposes 40% tariff on vehicle imports from China
Answer to India’s critical minerals requirement lie in India’s extended neighbourhood
The prospects, challenges and the current state of critical minerals and mining sectors in Kazakhstan were discussed at the 14th Astana Mining and Metallurgy (AMM) congress in Astana on June 6. While India is scouting for critical minerals in faraway Latin America for powering its EVs, the solution may lie closer home in New Delhi’s… Continue reading Answer to India’s critical minerals requirement lie in India’s extended neighbourhood
NHAI calls for global cos to implement GNSS-based electronic toll collection
Initially, NHAI plans to introduce the GNSS-based electronic toll collection (ETC) system as a hybrid model within the existing FASTag ecosystem. State-owned NHAI has announced a global call for expressions of interest (EoIs) to implement a GNSS-based electronic toll collection system. This initiative aims to offer a seamless tolling experience on National Highways, eliminating the… Continue reading NHAI calls for global cos to implement GNSS-based electronic toll collection