Nearly 80% of Kia union workers vote in favour of strike for higher wages and benefits. Unionised workers of Kia Corp., a major carmaker in South Korea, have voted in favour of a strike to call for higher wages and other benefits. In a daylong vote, 79.5 percent of members of Kia’s labor union supported… Continue reading Unionised workers of Kia vote in favour of strike for higher wages
Author: Economic Times of India Online News
Hindustan Copper, Oil India sign pact for exploration of critical minerals
Hindustan Copper signs initial pact with Oil India for exploration of critical minerals. Hindustan Copper Ltd (HCL) on Friday entered into an initial pact with Oil India Ltd for cooperation on exploration and development of critical and strategic minerals, including copper. The development comes at a time when the country is prioritising domestic production to… Continue reading Hindustan Copper, Oil India sign pact for exploration of critical minerals
VNT expands EV charging network to power buses, trucks, and mining fleets in India
India’s EV sales rise 16% to 20.38 lakh in FY25, reaching 7.8% of total auto market; VNT expands charging network. India’s electric vehicle market is surging, with 20.38 lakh EVs sold in FY 2024-25, up 15.68 per cent from the previous year. EVs now account for 7.8 per cent of total automobile sales, reflecting the… Continue reading VNT expands EV charging network to power buses, trucks, and mining fleets in India
NBFCs see rising delinquencies despite steady growth; vehicle loans under pressure
NBFCs in India face rising asset quality risks, especially in subprime and vehicle loans, even as strong growth and resilient gold lending support sector stability. The non-banking financial companies (NBFCs) sector has expanded sharply over the past few years, often outpacing credit growth in the banking system. While growth remains strong, concerns over asset quality… Continue reading NBFCs see rising delinquencies despite steady growth; vehicle loans under pressure
Tariffs pressure carmakers; price hikes could be on the horizon
US automakers absorb tariff costs, delaying expected rise in car prices for consumers. Automakers have been absorbing billions in added expenses since U.S. President Donald Trump’s tariffs took effect in April, sparing American car shoppers from sticker shock. So far. Car prices were supposed to have bolted higher by now, auto executives and analysts predicted.… Continue reading Tariffs pressure carmakers; price hikes could be on the horizon
Auto sector discounts to trend down as GST cuts set to lift demand: Motilal Oswal
Auto sector discounts expected to decline as GST cuts boost demand, says Motilal Oswal. Discounts in the automobile sector are expected to trend down across key segments as the recent GST cuts are likely to lift demand, according to a report by Motilal Oswal. The report noted that with a pick-up in demand, discounts should… Continue reading Auto sector discounts to trend down as GST cuts set to lift demand: Motilal Oswal
Telangana CM invites UK investment in EV sector, pharma, and future city development
Telangana CM: Revanth Reddy Telangana Chief Minister A Revanth Reddy urged the British Companies to join as partners in the Musi Rejuvenation project, which is being taken up on a grand scale to promote Hyderabad as the best living City in the world. According to a release by the Chief Minister’s office, an official delegation… Continue reading Telangana CM invites UK investment in EV sector, pharma, and future city development
Adopting electric vehicles essential to make Delhi pollution-free: CM Gupta
Delhi CM: Rekha Gupta Delhi Chief Minister Rekha Gupta stated on Thursday that ensuring safe traffic cannot rely solely on rules and penalties; it must become the responsibility of every citizen and part of their lifestyle. Gupta earlier attended the 26th Annual Conference of the Society of Automotive Fitness and Environment (SAFE) and the SIAM… Continue reading Adopting electric vehicles essential to make Delhi pollution-free: CM Gupta
Mallareddy deemed-to-be university signs MoU with ThunderPlus for EV-focused programmes
Badra Reddy, Chairman of Mallareddy Group, said ThunderPlus had contributed to strengthening EV charging infrastructure in India. Mallareddy Deemed-to-be University has entered into a Memorandum of Understanding (MoU) with ThunderPlus, an EV charging solutions provider, to develop academic programmes and research initiatives in the electric vehicle sector. The partnership will involve the creation of EV-focused… Continue reading Mallareddy deemed-to-be university signs MoU with ThunderPlus for EV-focused programmes
China’s SAIC to cut stake in India car venture with JSW amid investment curbs
China’s SAIC Motor to cut 49% stake in Indian JV, pause fresh investments amid political tensions. China’s SAIC Motor will slash its 49 per cent stake in its Indian joint venture and halt further investment, five people said, the latest sign of how political tension between the Asian neighbours is spilling over into business. SAIC’s… Continue reading China’s SAIC to cut stake in India car venture with JSW amid investment curbs