New Delhi: U.S. auto retail sales are expected to fall in August, as the global semiconductor shortage coupled with the fast spreading Delta variant of the coronavirus squeezed inventory at dealerships, consultants J.D. Power and LMC Automotive said. Retail sales of new vehicles are expected to fall 14.3% to 987,100 in August from a year… Continue reading U.S. August auto sales to fall as supply constraints continue – J.D. Power, LMC Automotive
Author: Economic Times of India Online News
India offers huge opportunities for vehicle manufacturers: Nissan COO
“India is the fourth largest (automotive) market. In five to six years, it should be the third-largest market. However, there is a big opportunity,” he said, adding the low car penetration of just 20 per 1,000 offers a “huge opportunity in front of us”. New Delhi: India offers huge opportunities for vehicle manufacturers and electrification… Continue reading India offers huge opportunities for vehicle manufacturers: Nissan COO
Sun Mobility aims to have one million EVs on road by 2025
Chetan Maini, Co-founder of Sun Mobility New Delhi: Electric vehicle solutions and services startup Sun Mobility said it will build itself a complete mobility as a service (MaaS) and aims to bring one million EVs on Indian roads by 2025, Chetan Maini, co-founder of Sun Mobility told ETAuto. With this the company aims to be… Continue reading Sun Mobility aims to have one million EVs on road by 2025
BOJ policymaker warns of global impact from chip crunch, Asia factory closures
TOKYO: A shortage of semiconductor chips may persist for the rest of this year if the coronavirus pandemic keeps Southeast Asian factories shut, a Bank of Japan policymaker said, highlighting supply constraints as among key risks to the global economy. BOJ board member Toyoaki Nakamura said Japan’s economy is expected to recover as the pandemic’s… Continue reading BOJ policymaker warns of global impact from chip crunch, Asia factory closures
India’s exports to ASEAN estimated at USD 46 billion in FY22: MoS Anupriya Patel
NEW DELHI: Union Minister of State for Commerce and IndustryAnupriya Patel on Monday said that India is expected to export USD 46 billion to ASEAN in the financial year 2022. Patel on Monday inaugurated the “India-ASEAN Engineering Partnership Summit” organised by the Engineering Exports Promotion Council (EEPC) with support from the Ministry of External Affairs… Continue reading India’s exports to ASEAN estimated at USD 46 billion in FY22: MoS Anupriya Patel
Renault India, Nissan Motor and Suzuki Motorcycle enter the list of top advertisers in auto sector : TAM AdEx
TAM AdEx overview of half yearly advertising in the auto sector states that between H1 ’19 – H1’21, ‘Auto Sector’ had the highest share of TV Ad Volumes i.e. 4.8 percent during H1’19. It was at the 7th position as compared to other sectors, in H1 ‘19, and dropped to the 9th position in H1’20… Continue reading Renault India, Nissan Motor and Suzuki Motorcycle enter the list of top advertisers in auto sector : TAM AdEx
India should develop disruptive technologies to meet goal of decarbonisation by 2050: Anil Kakodkar
Anil Kakodkar, Atomic Energy Commission (AEC) chairman Lower cost of energy is key to the economy’s growth and India should focus on developing disruptive technologies to keep the cost competitive and meet the goal of decarbonisation by 2050, former Atomic Energy Commission (AEC) chairman Anil Kakodkar said on Wednesday. Speaking at an online event organised… Continue reading India should develop disruptive technologies to meet goal of decarbonisation by 2050: Anil Kakodkar
Government aims to raise auto sector contribution to GDP, job creation: Nitin Gadkari
“The Automotive Mission Plan of the Government of India is to set a goal to raise the contribution of the automobile sector towards nation GDP to 12 per cent and generate about 50 million new jobs,” he said. New Delhi: The government looks to increase the contribution of the automobile sector to India’s GDP to… Continue reading Government aims to raise auto sector contribution to GDP, job creation: Nitin Gadkari
Ford delays a return to offices, weighs vaccine mandate
Ford said most office workers in North America, Latin America and International Markets groups will not come back to offices before January. The company is reassessing return to work plans every three to four months. By Joseph White DETROIT: Ford Motor Co will delay bringing most workers back to offices until January, and is still… Continue reading Ford delays a return to offices, weighs vaccine mandate
CEZ aims to decide by year-end on ‘gigafactory’ consortium
Speaking to reporters on Wednesday at a cement plant where the processing of lithium ore is being researched, CEZ chief Daniel Benes said the company was in talks with four partners, all from Asia, for the factory, which is likely to cost more than $2 billion. By Jan Lopatka Czech Republic: Czech power producer CEZ… Continue reading CEZ aims to decide by year-end on ‘gigafactory’ consortium