With auto sales already on a steady climb over the past three to four years, Nuvama expects momentum to continue in line with sector’s historical 30-year trough-to-peak cycle. New Delhi: India’s automobile sector is set to remain in an extended demand upcycle through the rest of the decade, with passenger vehicles (PVs) likely sustaining growth… Continue reading India’s auto industry poised for extended upcycle till FY30: Nuvama
Author: Economic Times of India Online News
Visteon launches training programme for 6,000 engineers
Visteon launches Scholar training programme across 26 Indian engineering colleges. MNC auto company Visteon has announced the launch of Scholar, a flagship training programme under Visteon University, across 26 engineering colleges in India. The company will be spending around $2,00,000 on this programme in the first year which will train around 6,000 engineers in cities… Continue reading Visteon launches training programme for 6,000 engineers
Auto giant wins case, towel maker barred from using ‘Volvo’ mark
Despite being given ample opportunity to defend itself, the local company did not cross-examine any of the witnesses presented by the automaker. An Ahmedabad court has prohibited a terry towel manufacturer from using the mark ‘Volvo’ on its products, 30 years after Swedish automotive giant AB Volvo filed a suit alleging trademark infringement. The company… Continue reading Auto giant wins case, towel maker barred from using ‘Volvo’ mark
Greaves Electric Mobility, TriEV deepen partnership to scale EV fleet for last-mile delivery
The release added that Greaves is also exploring entry into non-swap markets with a 100 km-plus range variant on the Magnus platform to cater to broader fleet demands. Greaves Electric Mobility (GEML), a leading electric vehicle manufacturer, on Tuesday said it has expanded its partnership with TriEV, a green fleet operator specialising in last-mile delivery,… Continue reading Greaves Electric Mobility, TriEV deepen partnership to scale EV fleet for last-mile delivery
Iron ore slips on weak Chinese steel demand despite holiday restocking
Japan’s crude steel production fell 3.4% in August to 6.64 million tons year-on-year, while India’s output rose 14.2% compared with the same period last year. Iron ore futures prices dipped on Tuesday, pressured by signs of softening end-use steel demand in China, although restocking ahead of the Chinese National Day holiday provided some support. The… Continue reading Iron ore slips on weak Chinese steel demand despite holiday restocking
GST 2.0: Festive auto rush starts with record deliveries
Notably, SUVs continued to rule customer bookings though demand has risen across the passenger vehicle spectrum. Car and two-wheeler retailers are set for a record festive season this year, going by the first-day sales of the Navratri festival which also coincides with the roll out of the reduced goods and services (GST) rates. Leading automakers… Continue reading GST 2.0: Festive auto rush starts with record deliveries
Navratri car sales surge as buyers flock dealerships after GST rate cut
Carmakers too are revising prices to align with the reforms. The first day of Navratri saw a sharp rise in vehicle sales across the country as customers rushed to dealerships to take advantage of lower prices under the new GST regime. Dealers reported a surge in footfalls and enquiries, with many buyers upgrading to higher… Continue reading Navratri car sales surge as buyers flock dealerships after GST rate cut
Mandal-Becharaji SIR turns rural Gujarat into auto hub, boosts jobs and small businesses
Mandal-Becharaji Special Investment Region boosts Gujarat’s rural economy The Mandal-Becharaji Special Investment Region (MBSIR), a flagship vision of Prime Minister Narendra Modi, has emerged as a game changer for Gujarat’s rural economy. Once a cluster of agrarian villages, the region is today a thriving automobile hub hosting global giants like Maruti Suzuki and Honda. “Beyond… Continue reading Mandal-Becharaji SIR turns rural Gujarat into auto hub, boosts jobs and small businesses
Stellantis detects breach at third-party provider for North American customers
Automakers worldwide have reported a spate of cyber and data breaches in recent months, as increasingly sophisticated threat actors disrupt operations and compromise sensitive data. Stellantis detected unauthorised access to a third-party service provider‘s platform that supports its North American customer service operations, the company said in a statement on Sunday. The automaker said the… Continue reading Stellantis detects breach at third-party provider for North American customers
Chalet Hotels becomes first hospitality brand to achieve EV100 target
The milestone marks a key step in Chalet Hotels’ broader sustainability and Net Zero roadmap. Chalet Hotels Ltd has become the first hospitality brand globally to achieve the Climate Group’s EV100 target, after fully transitioning its fleet to 100 per cent electric vehicles and installing charging infrastructure across its properties. The company, which joined the… Continue reading Chalet Hotels becomes first hospitality brand to achieve EV100 target