As per the review statement, the sector contributes 7.1 per cent to the total GDP and provides employment to about 32 million people, directly and indirectly. New Delhi, The Central government expects the Indian automobile sector to attract around $8-10 billion in local and foreign investment by 2023. According to the “Year End Review 2018”… Continue reading Auto sector may attract $8-10 bn investment by 2023: Government
Author: Economic Times of India Online News
Tata group spent Rs 70,000 crore on restructuring, consolidation and acquisitions in 2018
“This unified entity will enable us to move beyond merely providing individual products to developing integrated offerings” MUMBAI: Tata group spent over Rs 70,000 crore ($10 billion) in 2018 to deleverage and restructure Tata companies, consolidate cross-holdings, acquire strategic assets and infuse much-needed capital. In a year-end message to employees, Tata Sons chairman N Chandrasekaran… Continue reading Tata group spent Rs 70,000 crore on restructuring, consolidation and acquisitions in 2018
India’s auto sector may attract USD 8-10 billion investments by 2023: Government
Collective efforts of all central public sector enterprises will help India become a USD 5-trillion economy in the next five years. NEW DELHI: The country’s automobile sector, which attracted USD 16.5 billion in FDI between April 2000 and December 2016, is expected to attract USD 8-10 billion more in local and foreign investments by 2023,… Continue reading India’s auto sector may attract USD 8-10 billion investments by 2023: Government
To adopt ‘One Tata’ approach to develop electric vehicle ecosystem says Natrajan Chandrasekaran, chairman of Tata Group
As part of the plan, Tata Motors is to offer the car while Tata Power will be setting up the charging stations. Mumbai: Natarajan Chandrasekaran, the chairman of $103 billion salt to software Tata Group has spoken about adopting ‘One Tata’ approach to build an electric vehicle ecosystem led by Tata Motors to participate in… Continue reading To adopt ‘One Tata’ approach to develop electric vehicle ecosystem says Natrajan Chandrasekaran, chairman of Tata Group
Only 20% commercial vehicles respond to waiver scheme
Representative image. KOLKATA: The one-time traffic fine waiver scheme seems to have hit the right chord with private car owners but police say they have a long way to go to rein in commercial vehicles, which have a much larger pendency. Top Lalbazar sources hinted that the percentage of private vehicle owners, who responded to… Continue reading Only 20% commercial vehicles respond to waiver scheme
Maruti Suzuki opens Centre of Excellence at Government Polytechnic, Manesar
The CoE is a result of the MoU, signed in 2018, between Maruti Suzuki and Government of Haryana. New Delhi: Maruti Suzuki India (MSI) on Thursday has opened Centre of Excellence (CoE) at Government Polytechnic, Manesar in Haryana under its CSR program. CoE will be used to train and improve the level of technical education… Continue reading Maruti Suzuki opens Centre of Excellence at Government Polytechnic, Manesar
Local EV makers drive ecosystem for green mobility in Telangana
As the infrastructure slowly gathers pace, there are about 200 EVs plying on the roads in the Telangana. Hyderabad: Even as the Telangana government hunts for that one big name in the electric vehicle (EV) space that can help fire up the EV ecosystem in the state, many local players are revving up their game… Continue reading Local EV makers drive ecosystem for green mobility in Telangana
Automakers denounce ‘unrealistic’ EU emissions targets
Brussels: German and other European automakers warned Tuesday that EU plans to slash carbon dioxide emissions from new cars and vans by 2030 are “totally unrealistic” without a network to recharge electric cars and more effort to retrain workers. European Union countries and the European Parliament agreed in principle on Monday to require new cars… Continue reading Automakers denounce ‘unrealistic’ EU emissions targets
EU court backs cities’ complaint on emissions, scraps higher NOx limits
It said only the part of the Commission’s Regulation 2016/646 which sets NOx limits must be annulled. LUXEMBOURG: A European Union court upheld on Thursday a complaint by the city authorities of Paris, Brussels and Madrid against an EU rule change on vehicle emissions they said had increased pollution, and it partly overturned the regulation.… Continue reading EU court backs cities’ complaint on emissions, scraps higher NOx limits
Polestar appoints Geely’s Ian Zhang as new Group CFO
NEW DELHI: Volvo cars owned sports car brand, Polestar on Wednesday announced the appointment of new Group CFO and Deputy Group CFO to support its strategy of increasing independence, and to strengthen its global finance team.The company has appointed Ian Zhang as company’s new Group Chief Financial Officer, effective from 01 January 2019, from his… Continue reading Polestar appoints Geely’s Ian Zhang as new Group CFO