The bilateral trade between India and the UK rose to USD 21.34 billion in FY24 from USD 20.36 billion in FY23. India and the UK are expected to resume talks on the proposed free trade agreement (FTA) from February 24, with Britain’s trade minister Douglas Alexander expected to visit New Delhi later this month. The… Continue reading India, UK to resume FTA talks from February 24
Author: Economic Times of India Online News
Stocks from automakers to retailers feel pressure from tariff threats
The automotive sector faces a bumpy road ahead. Companies in a wide range of industries saw their stocks come under pressure Monday on Wall Street because of tariff threats from President Donald Trump. Automakers, technology companies and retailers all fell as the U.S., Mexico, Canada and China wrangled over tariffs. Trump said over the weekend… Continue reading Stocks from automakers to retailers feel pressure from tariff threats
India’s green hydrogen sector may belong to big players; costs to squeeze-out small firms
One of the key reasons behind big firms dominating the sector includes their advantage on economies of scale. India’s green hydrogen sector is expected to be increasingly dominated by big players going forward as high capital requirements, economies of scale, and financial challenges will drive out small players, according to experts. “It is indeed true… Continue reading India’s green hydrogen sector may belong to big players; costs to squeeze-out small firms
Rupee slides down to record low of 87.29 after Trump’s tariff threats
At the interbank foreign exchange, the rupee opened at 87.00 before slipping to 87.29 against US dollar, marking a steep fall from its previous close of 86.62 on Friday. Rupee followed global currency market’s trend, plunging down 67 paise against the greenback, registering a record low of 87.29 during early trade on Monday. This slip… Continue reading Rupee slides down to record low of 87.29 after Trump’s tariff threats
Global car industry in firing line of Trump’s tariffs on Mexico, Canada
U.S. automaker Tesla encouraged its Chinese suppliers to set up plants in Mexico in 2023 to supply the factory it was planning to build in the country from early 2025, but its plans have not materialised. U.S. President Donald Trump has imposed 25% tariffs on imports from Mexico, Canada and a fresh 10% duty on… Continue reading Global car industry in firing line of Trump’s tariffs on Mexico, Canada
Maruti Suzuki, Eicher Motors shares rally up to 4% as January sales, exports show steady growth
On the domestic front, Maruti’s passenger vehicle sales stood at 173,599 units, reflecting a 4.1% increase from 166,802 units in the previous year. Shares of Maruti Suzuki India and Eicher Motors surged up to 4% on Monday, after the automakers reported steady sales and exports growth in January, signaling sustained demand in the automotive sector.… Continue reading Maruti Suzuki, Eicher Motors shares rally up to 4% as January sales, exports show steady growth
JSW MG’s Gaurav Gupta joins TVS Motor Company
Updated On Feb 3, 2025 at 11:04 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Gupta joined JSW MG Motor India from Bridgestone Indonesia where he was serving as the MD till September 2018. New Delhi: JSW MG Motor India’s Chief Growth Officer Gaurav Gupta has joined as the President of… Continue reading JSW MG’s Gaurav Gupta joins TVS Motor Company
Cheaper EVs likely on local push
EV penetration across two-wheeler, passenger vehicle, three-wheeler and commercial vehicle segments stood at 6.1%, 2.4%, 56.6% and 0.99% respectively in calendar year 2024. Electric vehicles are likely to become more affordable with the government fully exempting basic customs duty on materials required for producing lithium-ion batteries. Industry stakeholders say the proposed measure announced by finance… Continue reading Cheaper EVs likely on local push
TVS Motor reports 17% growth at 397,623 units in January 2025 sales
TVS iQube TVS Motor Company reported a 17% year-over-year sales increase in January 2025, selling 397,623 units compared to 339,513 units in January 2024. This growth was driven by strong performances in two-wheelers, electric vehicles, and exports. Two-wheeler salesTotal two-wheeler sales rose by 18% to 387,671 units in January 2025, up from 329,937 units in… Continue reading TVS Motor reports 17% growth at 397,623 units in January 2025 sales
India’s auto industry accelerates toward electrification at Bharat Mobility show 2025; Maruti, Hero Moto top picks
The growing push for electric mobility, particularly in the sub-INR 2 million PV EV category, is expected to drive significant growth, as manufacturers look to scale up EV production. The Bharat Mobility Show 2025 highlighted the auto industry’s shift toward EVs and clean fuels, with manufacturers across both passenger vehicles (PVs) and two-wheelers (2Ws) aligning… Continue reading India’s auto industry accelerates toward electrification at Bharat Mobility show 2025; Maruti, Hero Moto top picks