Toyota Kirloskar signed a memorandum of understanding (MoU) with Union Bank of India for providing vehicle financing solutions. Toyota Kirloskar Motor on Friday said it has signed a memorandum of understanding (MoU) with Union Bank of India for providing vehicle financing solutions. Under the partnership, customers can get up to 90 % financing on the… Continue reading Toyota Kirloskar motor partners with Union Bank Of India for vehicle loan
Author: Economic Times of India Online News
Crude, natural gas drag July core growth to 6.1%
India’s core sector grew 6.1% in July. New Delhi: India’s core sector, comprising eight major industries, grew 6.1% in July, higher than 5.2% in the previous month, official data showed Friday. The core sector comprising coal, crude oil, steel, cement, electricity, fertilisers, refinery products and natural gas industries had grown 8.5% in July 2023. Excluding… Continue reading Crude, natural gas drag July core growth to 6.1%
Fatalities in road accidents increased by 4 % in Delhi
Fatalities in road accidents have increased by 4%. New Delhi: The fatalities in road accidents have increased by 4% compared to last year’s data till August 15, according to the statistics compiled by the Delhi Police. As per the police’s crime statistics, accessed by PTI, a total of 831 fatal accidents took place this year… Continue reading Fatalities in road accidents increased by 4 % in Delhi
US trade chief Tai lauds Canada’s steep new tariffs on Chinese EV, metals
U.S. Trade Representative Katherine Tai endorsed Canada’s decision to impose a 100% tariff on Chinese-made electric vehicles. U.S. Trade Representative Katherine Tai on Thursday gave a strong endorsement to Canada’s decision to impose a 100% tariff on Chinese-made electric vehicles and 25% on Chinese steel and aluminum as she finalizes U.S. duties planned at similar… Continue reading US trade chief Tai lauds Canada’s steep new tariffs on Chinese EV, metals
EV tariffs can hurt European companies and industry, says Polestar CFO
Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies. Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial officer of Swedish EV maker Polestar said on Thursday. Steep tariffs recently… Continue reading EV tariffs can hurt European companies and industry, says Polestar CFO
China’s probes on EU products following EV tariffs
China launches probe on EU producers. China has opened an anti-subsidy probe into imported dairy products from the European Union, stepping up tension with the bloc a day after Brussels released its revised draft decision related to tariffs on China-made electric vehicles. Below are details on the probe into EU dairy imports and other industries… Continue reading China’s probes on EU products following EV tariffs
Auto dealers revenue growth to slow down this fiscal year, says CRISIL
Passenger vehicles (PVs) and commercial vehicles (CVs) are the primary segments driving this deceleration, while two-wheelers (2Ws) are expected to perform better. Revenue growth for auto dealers is expected to decelerate to 7-9% this fiscal year, down from around 14% last fiscal year. This slowdown is due to lower sales volume growth and modest price… Continue reading Auto dealers revenue growth to slow down this fiscal year, says CRISIL
J D Power cuts US EV sales forecast to 9% as growth slows
U.S. electric vehicle (EV) sales are expected to reach just 9% of the market this year. US electric vehicle (EV) sales are expected to reach just 9% of the market this year, consulting firm J D Power said in a report on Wednesday, lowering its previous forecast of 12%. The automotive consultant attributed the cut… Continue reading J D Power cuts US EV sales forecast to 9% as growth slows
UK car output drops for fifth straight month in July, shows data
UK car output falls. Britain’s car production fell for the fifth consecutive month in July, hurt by manufacturers shifting to new models and temporary disruptions in supply chain, industry data showed on Thursday. A total of 65,478 cars rolled off production in July, down 14.4% from a year earlier, the Society of Motor Manufacturers and… Continue reading UK car output drops for fifth straight month in July, shows data
Automaker Ford to modify diversity policy, says internal memo
Ford Motor to change its diversity, equity and inclusion program. Automaker Ford Motor said on Wednesday it will change its diversity, equity and inclusion program, including ending participation in an LGBTQ advocacy group’s ranking system, joining several U.S. companies that have redefined those programs amid pressure from conservative groups. “We are mindful that our employees… Continue reading Automaker Ford to modify diversity policy, says internal memo