This was driven by a 1.5 percent uptick in autos, as well as a 4.1 percent jump in sales at gasoline stations as fuel prices edged up. US retail sales jumped more than expected in October, bumped up by higher gas prices and auto sales while pointing to resilience in spending in the face of… Continue reading US retail sales bounce in October on auto and gas
Author: Economic Times of India Online News
Fed official suggests substantial rate hikes may be needed
The Federal Reserve may have to raise its benchmark interest rate much higher than it has previously projected to get inflation under control, James Bullard, president of the Federal Reserve Bank of St. Louis, said Thursday. Bullard’s comments raised the prospect that the Fed’s rate hikes will make borrowing by consumers and businesses even costlier… Continue reading Fed official suggests substantial rate hikes may be needed
Big Boy Toyz opens studio in Ahmedabad
Over the years we have witnessed growing demand from buyers across the country, especially the tier II cities. New Delhi: BIG BOY TOYZ (BBT), a leading pre-owned luxury car dealer, will open its new studio in Ahmedabad, Gujarat, on November 20, 2022. It will be a one-stop destination for all the luxury sports car lovers… Continue reading Big Boy Toyz opens studio in Ahmedabad
RevFin aims to expand to 50 cities by March 2023
It also targets initiating 5 new partnerships in different forms of mobility like 2W,3W,4W, with e-commerce and other last-mile connectivity operators. New Delhi: RevFin, an advanced digital lending platform, has rolled out its ambitious #RevFinBharatYatra campaign in a bid to promote electric mobility and environmental sustainability nationwide through EV financing. By March 2023, Revfin aims… Continue reading RevFin aims to expand to 50 cities by March 2023
Exclusive: Switch Mobility’s top mast in tatters? A week after Vice-Chairman, President also quits
Exclusive Unlock this Exclusive Story by signing up for free Get exclusive Industry Insights and Analysis through our “Exclusive” Stories brought to you by our award-winning journalists Continue with Google Continue with Linkedin Continue with Facebook Continue With Email ID More Sign in options Continue with Google Continue with Linkedin Continue with Facebook Continue With… Continue reading Exclusive: Switch Mobility’s top mast in tatters? A week after Vice-Chairman, President also quits
McLaren begins India journey, hybrid Artura planned for launch in Q1 of CY23
The supercar manufacturer will offer models including the Everyday McLaren GT and its recently-launched first ever high-performance hybrid supercar, Artura. New Delhi: Supercar manufacturer McLaren Automotive on Thursday opened its first dealership in India and unveiled the new 765LT Spider. The showroom is represented by Infinity Cars in Mumbai and also has a service centre… Continue reading McLaren begins India journey, hybrid Artura planned for launch in Q1 of CY23
Japan auto lobby opposes plan to tax mileage of electric vehicles
Suzuki said EVs, unlike gasoline vehicles, are not taxed at the driving stage through fuel taxation. A Japanese automobile lobbying group “firmly opposes” a plan for mileage tax on electric vehicles (EVs), an official of the group said on Thursday, adding that it would slow electrification efforts. “We are firmly opposed to the hasty introduction… Continue reading Japan auto lobby opposes plan to tax mileage of electric vehicles
Challans worth Rs 78 lakh imposed against vehicles in Noida for violation of GRAP: Officials
Noida: The Gautam Buddh Nagar transport department has imposed challans worth over Rs 78 lakh on owners of vehicles flouting anti-pollution norms since the graded response action plan came into force this season, officials said on Wednesday. The department has also impounded over three dozen vehicles, including private cars and commercial carriers, which were found… Continue reading Challans worth Rs 78 lakh imposed against vehicles in Noida for violation of GRAP: Officials
India puts its plan to snatch factories from China on fast-track
India will fast-track permissions and handhold investors putting up capacities under the various production-linked incentive (PLI) schemes as it seeks to reinvigorate manufacturing in the country. Top officials of the Department for Promotion of Industry and Internal Trade, Niti Aayog and the finance ministry among others met last week for a status check with PLI… Continue reading India puts its plan to snatch factories from China on fast-track
Greaves Electric Mobility opens ‘Ampere Care Camp’
Sanjay Behl, CEO & Executive Director, Greaves Electric Mobility Private Limited. New Delhi : Greaves Electric Mobility Private Limited (GEMPL), the e-mobility business of Greaves Cotton Limited, has introduced “Ampere Care Camp”, across the country for its “Ampere” brand customers in after-sales services. The camp which began on November 14, 2022 will last till 28th.… Continue reading Greaves Electric Mobility opens ‘Ampere Care Camp’