India is poised to become a global manufacturing powerhouse, says Mahindra Group CEO Anish Shah, citing strong infrastructure, a young workforce, and supportive policies. India is uniquely positioned to emerge as a global manufacturing powerhouse amid rising geopolitical and economic challenges, according to Anish Shah, CEO and Managing Director of Mahindra & Mahindra Group. In… Continue reading India poised to be global manufacturing hub, says Mahindra Group
Author: Economic Times of India Online News
Indian CV industry wholesale volumes likely to grow 3–5% in FY26: ICRA
The Indian commercial vehicle industry is projected to see a modest 3–5% year-on-year growth in wholesale volumes in FY26. The Indian commercial vehicle (CV) industry is expected to register a modest 3–5 per cent year-on-year (YoY) growth in wholesale volumes in FY26. It is driven by the resumption of construction and infrastructure activities and a… Continue reading Indian CV industry wholesale volumes likely to grow 3–5% in FY26: ICRA
Sona Comstar plans domestic magnet production to cut China imports
For future growth, Sona Comstar is looking at acquiring more customers in China, Japan and South Korea. Sona Comstar, India’s biggest importer of rare earth magnets, plans to locally manufacture the critical components used in electric vehicles, tapping into a government push to incentivise their production at home as China restricts their exports. China, which… Continue reading Sona Comstar plans domestic magnet production to cut China imports
Nissan seeks to delay supplier payments to free up cash, company emails show
Nissan asks some suppliers to delay payments in a bid to free up short-term funds, as the automaker works to improve its cash position. Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters, as the troubled… Continue reading Nissan seeks to delay supplier payments to free up cash, company emails show
As commissions fall, flat fee reshapes ride-hailing
Ola has introduced a nationwide flat fee model for its cab-hailing business, allowing drivers to retain 100% of their earnings after paying a fixed daily access charge of Rs 67. This move replaces the long-standing commission structure, where platforms deducted 20%-30% per trip, marking a significant shift in India’s ride-hailing economics. Internally, senior Ola executives… Continue reading As commissions fall, flat fee reshapes ride-hailing
Amber Group to Acquire Majority Stake in Power-One Micro Systems
Amber Group signs definitive deals to acquire a majority stake in Bengaluru-based Power-One Micro Systems. Amber Group, a homegrown contract manufacturer for HVAC and consumer electronics, has entered into definitive agreements for acquiring majority stake in Bengaluru-based Power-One Micro Systems-based Power-One Micro Systems. Power-One is a manufacturer of solar inverters, uninterruptible power supplies (UPS), Battery… Continue reading Amber Group to Acquire Majority Stake in Power-One Micro Systems
Indonesia begins $5.9 bn EV battery project despite environment fears
Indonesia breaks ground on $5.9 billion EV battery megaproject backed by China’s CATL, amid concerns from NGOs over environmental safeguards. Indonesia broke ground Sunday on a $5.9 billion megaproject for EV battery production backed by Chinese giant CATL, despite NGOs raising concerns over a lack of environmental guarantees. Indonesia is the world’s largest nickel producer… Continue reading Indonesia begins $5.9 bn EV battery project despite environment fears
Elon Musk fumes as Trump tax bill cuts credits for EVs
Elon Musk criticises the latest US tax bill, calling proposed cuts to EV and clean energy credits “incredibly destructive” to the country. Elon Musk slammed the US Senate‘s latest version of President Donald Trump’s multi-trillion dollar tax bill Saturday, warning the cuts to electric vehicle and other clean energy credits would be “incredibly destructive” to… Continue reading Elon Musk fumes as Trump tax bill cuts credits for EVs
Koovers: Driving digital transformation in India’s auto aftermarket
Sandeep Begur, CEO of Koovers The Indian automotive aftermarket, long dominated by fragmented supply chains and relationship-based commerce, is undergoing a transformation. Powering this evolution is Koovers—India’s largest B2B platform for automotive spare parts—redefining how workshops access parts, manage operations, and scale their businesses. Built for the Last Mile Established in 2016 and now a… Continue reading Koovers: Driving digital transformation in India’s auto aftermarket
NHAI to blacklist FASTags not on windscreen of vehicles
Despite repeated advisories against the practice there have been several cases of people handing out FASTag at toll gates for deduction of user fee. New Delhi: Drivers who don’t fix their FASTags on the windshield of their vehicles will face permanent blacklisting of tags, a measure taken in view of the malpractice of people handing… Continue reading NHAI to blacklist FASTags not on windscreen of vehicles