TVS iQube EV TVS Motor Company has reported that demand for electric two-wheelers has been impacted due to the shortage of rare earth magnets. “EV demand is constrained because of the magnet crisis. Had magnets been available, the industry would have reported much higher sales,” said K. N. Radhakrishnan, Director and Chief Executive Officer, during… Continue reading TVS Motor faces challenges with EV demand
Author: Economic Times of India Online News
China excludes EVs in latest five-year plan as industry grapples with oversupply
Automobiles were mentioned alongside housing, with the government urging the removal of purchase restrictions to boost consumption. China has omitted electric vehicles from its list of strategic industries in its five-year development plan for 2026-2030, marking their first exclusion in more than a decade, as the sector grapples with oversupply challenges. New energy vehicles (NEVs)-… Continue reading China excludes EVs in latest five-year plan as industry grapples with oversupply
BMC deadline to submit bids for smart parking system
The civic body has set Oct 30 as the new deadline for the submission of bids for the commissioning, operation, and maintenance of a smart parking system across the city Mumbai: After delays, the civic body has set Oct 30 as the new deadline for the submission of bids for the commissioning, operation, and maintenance… Continue reading BMC deadline to submit bids for smart parking system
TVS Motor Q2 net profit soars 37% to ₹906 crore
In the electric vehicle segment, TVS achieved its highest-ever quarterly EV sales of 0.80 lakh units, marking a 7 per cent rise from 0.75 lakh units in Q2 FY25. TVS Motor Company on Tuesday reported a 37 per cent increase in its standalone net profit for July-September (Q2) period of FY26 to ₹906 crore, up… Continue reading TVS Motor Q2 net profit soars 37% to ₹906 crore
Audio Interview: Business travel insurance for automotive industry expats and business travelers
In this GlobalAutoIndustry.com Audio Interview “Business Travel Insurance for Automotive Industry Expats and Business Travelers” Ron Hesse speaks with Faith Foushee, Community Engagement Manager at Insured Nomads, a global insurance company helping organizations protect and support their people wherever they work or travel. She leads partnerships and engagement initiatives that connect with international teams, travel… Continue reading Audio Interview: Business travel insurance for automotive industry expats and business travelers
Auto sector enters long-term growth cycle; M&M, Maruti, Bajaj Auto among top picks: Sandip Sabharwal
Sandip Sabharwal In an exclusive conversation with ET Now, market expert Sandip Sabharwal shared his optimistic outlook on India’s consumption cycle, calling the current weakness in select sectors “the worst quarter of bad results” and a time to accumulate rather than sell. “Now is the time to actually pick up and buy the beaten down… Continue reading Auto sector enters long-term growth cycle; M&M, Maruti, Bajaj Auto among top picks: Sandip Sabharwal
Automakers pool with EV makers to avoid EU emissions fines
All current alliance agreements, identified by the names of their pool managers, will expire at the end of this year. They are expected to be renewed in coming years. Automakers have formed alliances to help them avoid hefty European Union fines on carbon emissions by purchasing credits from electric vehicle companies. Several legacy automakers face… Continue reading Automakers pool with EV makers to avoid EU emissions fines
JSW Steel looks to boost raw material security with new iron ore, coking coal assets
The company is developing coking coal assets in Jharkhand. JSW Steel is ramping up efforts to enhance its in-house raw material availability through a mix of domestic expansion and strategic offshore acquisitions, Joint Managing Director and CEO Jayant Acharya has said. “We continue to strengthen that piece through a well-diversified portfolio of iron ore and… Continue reading JSW Steel looks to boost raw material security with new iron ore, coking coal assets
Supreme Court declines PIL seeking star-rating system for vehicles to curb pollution
The PIL cited data showing that air pollution caused 2.1 million deaths in India in 2021, with 60 per cent linked to PM2.5 emissions — a major pollutant from vehicular exhaust. The Supreme Court on Monday declined to entertain a public interest litigation (PIL) seeking the introduction of a star-rating system for vehicles across India… Continue reading Supreme Court declines PIL seeking star-rating system for vehicles to curb pollution
Audio interview: US work visas: Are H-1Bs a viable option for auto industry?
In this GlobalAutoIndustry.com Audio Interview “US Work Visas: Are H-1Bs a Viable Option for the Auto Industry?” Ron Hesse speaks with Jim Aldrich and James Prappas with Dykema, a leading Detroit and US Midwest law firm. Jim is head of Dykema’s immigration team, helps companies strengthen their competitiveness by bringing skilled foreign professionals to work… Continue reading Audio interview: US work visas: Are H-1Bs a viable option for auto industry?