China’s rare earth magnet exports to the U.S. surged 660% in June, rebounding sharply after a trade deal and boosting supply for EVs and wind turbines. China’s exports of rare earth magnets to the United States in June soared to more than seven times their May level, marking a sharp recovery in the flow of… Continue reading China’s exports of rare earth magnets to US surge in june
Author: Economic Times of India Online News
Our electric, hydrogen & flex industries will become number one in the world
India may cut GST on high-ethanol fuel blends to boost adoption of greener vehicles and reduce fossil fuel imports, says transport minister Nitin Gadkari. India is considering a cut in the goods and services tax (GST) rate on fuel blends with higher ethanol content, Nitin Gadkari, minister for road transport and highways, said at an… Continue reading Our electric, hydrogen & flex industries will become number one in the world
Rare earth magnet for ecocide in Myanmar
Rare earth exports from Myanmar’s Kachin State to China are causing severe environmental harm and health issues, warns state-run newspaper. Rare earth exports to China from Myanmar’s Kachin State are damaging the environment and impacting the health of locals, raising major concerns about environmental damage and human rights violations, said an article in a newspaper… Continue reading Rare earth magnet for ecocide in Myanmar
Ashok Leyland looks at proactive approach to navigate emerging industry trends: Chairman Hinduja
I see a brand new Ashok Leyland truck, gleaming under the sunny sky, ready to conquer the Indian highways. Its powerful presence evokes a sense of reliability and progress. Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to… Continue reading Ashok Leyland looks at proactive approach to navigate emerging industry trends: Chairman Hinduja
India’s auto sector is seeing a huge churn at the top levels
New Delhi: As the automotive sector in India undergoes rapid transformation driven by new entrants, emerging business models, and the shift to electric and digital technologies, senior-level hiring activity has surged over the past few years. New-age players and diversification efforts by legacy firms are fuelling a wave of CXO-level transitions, often drawing leadership talent… Continue reading India’s auto sector is seeing a huge churn at the top levels
China Quietly Issues Rare Earth Quotas
China quietly issues 2025 rare earth mining quotas, signalling tighter control over the strategic sector. China has quietly issued its first 2025 rare earth mining and smelting quotas without the typical public statement, sources with knowledge of the matter said this week, another sign of Beijing tightening its control over the crucial sector. The quotas… Continue reading China Quietly Issues Rare Earth Quotas
Porsche warns workers of cost-cuts amid ‘serious’ situation
Porsche has warned of fresh cost cuts, adding to 1,900 job losses announced earlier, as parent Volkswagen plans to axe 35,000 roles by 2030. German sportscar-maker Porsche told employees Friday to prepare for another round of cost-cutting in the latest blow to the country’s embattled auto sector. Any further steps would come on top of… Continue reading Porsche warns workers of cost-cuts amid ‘serious’ situation
Shareholders in Jeep owner Stellantis back new CEO
Stellantis shareholders give strong backing to new CEO Antonio Filosa, a company veteran who recently succeeded Carlos Tavares. Shareholders in US-European auto giant Stellantis, owner of Jeep, Fiat and Peugeot, on Friday gave their overwhelming approval to new CEO Antonio Filosa, a company veteran who last month succeeded Carlos Tavares in the job. His nomination… Continue reading Shareholders in Jeep owner Stellantis back new CEO
US to WTO: Auto duty levied on national security grounds
The US has rejected India’s claim that American tariffs on auto and auto parts qualify as safeguard measures under the WTO (World Trade Organisation) rules, and asserted that the duties are imposed on national security grounds. It has added that, on these grounds, India has no basis to propose retaliatory tariffs against these duties. India… Continue reading US to WTO: Auto duty levied on national security grounds
India, UK likely to unveil Free Trade Agreement next week, including EVs
India and the UK are likely to finalise a free trade deal next week, offering duty-free access to Indian EVs and textiles, and easing UK goods exports. India and Britain are expected to seal a long-awaited free trade deal next week, two Indian government sources said, granting Indian textiles and electric vehicles some duty-free access… Continue reading India, UK likely to unveil Free Trade Agreement next week, including EVs