The IPO for Manba Finance, a Mumbai-based NBFC, has been subscribed 224 times. Mumbai: The IPO for Manba Finance, a Mumbai-based NBFC that finances two and three wheelers, has been subscribed 224 times. The company that aimed to mobilise INR 151 crore now has a demand for its shares worth nearly INR 24,000 crore. This… Continue reading Bike loan co Manba’s INR 151cr IPO subscribed 224 times
Author: Economic Times of India Online News
Delhi LG seeks to link vehicle’s insurance premium to traffic violations, writes to FM Sitharaman
Delhi Lieutenant Governor VK Saxena has proposed a road safety plan to Union Finance Minister. New Delhi: Delhi Lieutenant Governor VK Saxena has written to Union Finance Minister Nirmala Sitharaman, proposing a stringent road safety plan that seeks higher insurance premiums for vehicles with a history of traffic violations. Saxena said that a vehicle, which… Continue reading Delhi LG seeks to link vehicle’s insurance premium to traffic violations, writes to FM Sitharaman
JSW Group appoints Rajiv Mehta as chief of mobility arm
Prior to joining JSW, Mehta worked as the Chief of Business Strategy, Transformation & Analytics for the automotive division at Mahindra & Mahindra New Delhi: JSW Group on Tuesday said it has appointed Rajiv Mehta as Chief of Business of its mobility arm JSW Auto. Based out of the company’s headquarters in Mumbai, Mehta will… Continue reading JSW Group appoints Rajiv Mehta as chief of mobility arm
China urges US to stop ‘unreasonable suppression’ of its firms in latest auto row
China has called on the United States to halt its ‘unreasonable suppression’ of Chinese companies. China urged the United States on Wednesday to stop “unreasonable suppression” of its companies, in response to U.S. proposals to ban Chinese software and hardware in vehicles on its roads due to national security concerns. “The U.S. move has no… Continue reading China urges US to stop ‘unreasonable suppression’ of its firms in latest auto row
Thai auto sector reels from falling orders and soaring household debt
Thailand’s USD 53 billion automobile industry faces a crisis. Thailand’s USD 53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives. The crisis in Southeast Asia’s largest car production hub has forced cuts to… Continue reading Thai auto sector reels from falling orders and soaring household debt
Transport dept issues norms to ease RC process for new vehicles
The Delhi government’s transport department has issued new guidelines to address delays in receiving registration certificates for newly purchased vehicles. Following complaints about delays in receiving registration certificates (RC) from automobile dealers for newly purchased vehicles, Delhi govt‘s transport department has issued new guidelines to streamline the process. Officials said instructions had been given to… Continue reading Transport dept issues norms to ease RC process for new vehicles
Italian unions call strike at Stellantis on Oct. 18 over falling production
Italian unions have announced a one-day strike on October 18 for metal workers at Stellantis. Italian unions have called a one day strike on Oct. 18 for metal workers at Stellantis and its local suppliers to protest against the automaker’s falling production in the country, the head of the UILM union said on Tuesday. Most… Continue reading Italian unions call strike at Stellantis on Oct. 18 over falling production
AutoZone misses quarterly profit estimates on rising costs; shares down
AutoZone reported a lower-than-expected fourth-quarter profit. Auto parts retailer AutoZone reported a lower-than-expected fourth-quarter profit on Tuesday, hurt by inflationary challenges, sending its shares down almost 5% in early trade. Despite an uptick in demand for DIY parts and other components as more people sought to keep their aging vehicles on the roads, the company… Continue reading AutoZone misses quarterly profit estimates on rising costs; shares down
Canada considering ban on Chinese tech in connected vehicles: minister
Canada is considering to follow the United States in banning the sale of connected vehicles. Canada is considering to follow the United States in banning the sale of connected vehicles incorporating Chinese technology, Deputy Prime Minister Chrystia Freeland said Tuesday, expressing security concerns. Electronics are increasingly integrated into modern cars, which can connect to personal… Continue reading Canada considering ban on Chinese tech in connected vehicles: minister
EV charging unit inspection finds no leakage
Inspection by agency found no leakage in Kochi EV unit. A day after a woman suffered burns from an EV charging unit, electrical inspectorate officials and the private agency which installed the charging station inspected the unit on Tuesday. The inspection by the agency found no leakage in the unit. The electrical inspectorate will give… Continue reading EV charging unit inspection finds no leakage