The levies will hit Canadian vehicle and energy industries hard, given that they represent over 40% of Canada’s exports to the United States. US President Donald Trump’s sweeping tariffs on Canada and Mexico are set to roil supply chains for products ranging from automobiles to avocados — with industries girding for cost increases. US imports… Continue reading Autos, electronics: What will Trump’s tariffs impact?
Author: Economic Times of India Online News
Budget highlights for automotive sector 2025
This policy could potentially invigorate consumer demand in the automotive sector, particularly among entry-level two-wheeler and four-wheeler buyers. Budget 2025 lays out a framework geared towards immediate incentives to boost domestic spending while maintaining the government’s long-standing emphasis on Make in India and advancing local technologies. There’s spotlight on Clean Tech Manufacturing, set to expand… Continue reading Budget highlights for automotive sector 2025
Rupee settles flat at 86.62 against US dollar
The Economic Survey 2024-25, tabled by Finance Minister Nirmala Sitharaman in both houses of Parliament, said navigating global headwinds will require strategic and prudent policy management and reinforcing the domestic fundamentals. The rupee pared initial losses and settled flat at 86.62 against the US dollar on Friday, as the support from positive domestic equities was… Continue reading Rupee settles flat at 86.62 against US dollar
Tata Motors vehicle dispatches dip 7% in January
The company remains optimistic about growing demand from other regions to mitigate these challenges, ETAuto earlier reported. Tata Motors on Saturday said its total vehicle dispatches declined 7% year-on-year to 80,304 units in January. The auto major dispatched 86,125 units in January 2024. Total domestic sales declined 7% year-on-year to 78,159 units last month, as… Continue reading Tata Motors vehicle dispatches dip 7% in January
From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home
The president says the 25% levies are designed to pressure America’s two neighbors to do more to stop the flow of undocumented immigrants and fentanyl into the United States. The 25% tax that President Donald Trump plans to slap on imports from Canada and Mexico as soon as Saturday could drive up the price of… Continue reading From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home
Union Budget 2025: Top 5 key announcements that may bode well for the auto industry too
Localising production of crucial EV related components is crucial for building a robust domestic ecosystem, but that won’t be enough for India to have a globally competitive EV industry. Finance Minister Nirmala Sitharaman presented her record eighth consecutive Union Budget today. There wasn’t any mention of the auto industry in her speech, but here are… Continue reading Union Budget 2025: Top 5 key announcements that may bode well for the auto industry too
Mahindra sales up 16% at 85,432 units in January
M&M said its total tractor sales during January 2025 were at 27,557 units, compared to 23,948 units for the same period last year. Mahindra & Mahindra Ltd on Saturday reported a 16% growth in total sales at 85,432 units in January 2025. Passenger vehicle sales grew 18% to 50,659 units against 43,068 units in the… Continue reading Mahindra sales up 16% at 85,432 units in January
INR 2 crore collected in fines for unauthorised parking across Gujarat
Additionally, 26,000 cases were recorded for not wearing seat belts, 88,000 violations for riding without helmets, 24,000 for overspeeding, and 18,000 for wrong-side driving. As part of the National Road Safety Month 2025, authorities in Gujarat have taken strict action against unauthorised parking, collecting over INR 2 crore in fines from more than 44,000 violators.… Continue reading INR 2 crore collected in fines for unauthorised parking across Gujarat
Vedanta bets on steel again, plans 7-fold capacity boost
Vedanta acquired Electrosteel Steels through the insolvency process in 2018 and currently owns a 95.5% stake in the company. Vedanta plans to expand steel production capacity nearly sevenfold to 10 million tonnes from 1.5 million tonnes currently, said a senior company executive. The company is also considering potential acquisitions of iron ore and copper mines… Continue reading Vedanta bets on steel again, plans 7-fold capacity boost
Economic Survey 2025 calls for worker’s safety in auto sector
New Delhi: Labour regulations play a crucial role in protecting worker rights and ensuring that firms are accountable for maintaining safe working conditions. The Economic Survey 2024-25 tabled in the Parliament on Friday stated that India’s manufacturing (11.4% of total workforce) and construction (12% of total workforce) workforce are prone to workplace accidents. Referring to… Continue reading Economic Survey 2025 calls for worker’s safety in auto sector