Panasonic has previously said the business could potentially be listed in the future. Japan’s Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by U.S. private equity firm Apollo Global Management, and then make an investment in the new holding entity. The transaction has a… Continue reading Panasonic to sell autos business to Apollo Global-managed funds
Author: Economic Times of India Online News
Micro enterprises’ share in total exports rises, drops for SMEs
The top five MSME export sectors were engineering goods (19.64%), gems and jewellery (12.3%), readymade garments (8.52%), rice (6.22%) & organic & inorganic chemicals (5.7%). New Delhi: Micro enterprises saw an increase in their share in exports from India in January to 6.63% from 5.79% in 2020-21, whereas the share of small and medium enterprises… Continue reading Micro enterprises’ share in total exports rises, drops for SMEs
Started my career on shop floor of auto plant: Anand Mahindra to Elon Musk
“Compared to the insane pain of reaching high-volume, positive-margin production, prototypes are a piece of cake,” said the tech billionaire. New Delhi: Mahindra Group Chairman Anand Mahindra, on Friday, revealed that he started his career on the shop floor of an auto plant, as he responded to Tesla and SpaceX CEO Elon Musk. The X… Continue reading Started my career on shop floor of auto plant: Anand Mahindra to Elon Musk
Russian Firm Commences Citroen Manufacturing at Former Stellantis Plant
Stellantis previously stated that it had lost control of its entities in Russia since December 31, 2023, confirming a shift in ownership. Russian company Automotive Technologies has commenced the assembly of Citroen C5 Aircross models at a plant south of Moscow, formerly owned by Stellantis. These vehicles are scheduled to hit dealerships starting May. According… Continue reading Russian Firm Commences Citroen Manufacturing at Former Stellantis Plant
World should develop the concept of Green GDP: PM Modi
The Prime Minister said that the world should develop the concept of Green GDP to measure economic development. New Delhi: Prime Minister Narendra Modi on Friday said India is making rapid advancements in the renewable energy sector, like solar, wind energy and green hydrogen, thus building ‘Green GDP‘ which the world economies should embrace to… Continue reading World should develop the concept of Green GDP: PM Modi
Mahindra announces merger of North American technical center with automotive division
Updated On Mar 29, 2024 at 11:57 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The strategic rationale behind this consolidation, is to simplify the organizational structure and achieve operational efficiencies by reducing administrative overhead. New Delhi: Mahindra announced today its plan to merge Mahindra North American Technical Center (MNATC) with… Continue reading Mahindra announces merger of North American technical center with automotive division
China commerce minister to head to Europe to make EV case
EU-China trade tensions more broadly are also expected to be debated when Chinese President Xi Jinping is scheduled to visit his French counterpart in May. China’s commerce minister will travel to Europe in April for discussions about the European Commission’s investigation into whether China’s electric vehicle industry has benefited from unfair subsidies, four people briefed… Continue reading China commerce minister to head to Europe to make EV case
Bengaluru-Mysuru highway toll fee to go up from April 1
In June 2023, NHAI started charging a toll fee for the entire stretch from Bengaluru to Mysuru and also revised the fee collected for using the Bengaluru-Nidaghatta stretch. In second revision since the Bengaluru-Mysuru highway opened in Feb 2023, the toll for four-wheelers has gone up by INR 10 in the annual revision carried out… Continue reading Bengaluru-Mysuru highway toll fee to go up from April 1
EVs cross adoption tipping point in 31 nations
When we first completed this analysis in 2022, only 19 countries had passed the 5% tipping point. Last year, that number soared as EVs spread across four continents. New technologies have a tendency to blindside. When colour TVs were introduced in the 1950s, for example, they seemed like a flop. The devices were expensive, programming… Continue reading EVs cross adoption tipping point in 31 nations
Growth of eight core sectors at 6.7% in Feb as against 4.1% in Jan
The ICI measures the combined and individual performance of production of 8 core industries namely cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel. The growth rate of eight core sectors in India increased by 6.7% in February on an annual basis, the Ministry of Commerce & Industry said on Thursday. The… Continue reading Growth of eight core sectors at 6.7% in Feb as against 4.1% in Jan