State-owned Chongqing Changan Automobile will also hold 47.5% of the new joint venture, Changan Mazda Automobile Co Ltd (CMA). FAW will own the remaining 5%. TOKYO/BEIJING: Japanese automaker Mazda Motor Corp said on Tuesday it and two Chinese partners have agreed to form a new venture in which it will have a 47.5% stake. State-owned… Continue reading Mazda restructures China car joint venture with Changan, FAW
Author: Economic Times of India Online News
Opinion: The mixed matrix of performance evaluation for auto industry;
By Avik Chattopadhyay On May 10, 2021 SEBI issued a circular titled “Business responsibility and sustainability reporting (BRSR) by listed entities”. This is a landmark moment in corporate governance in India and will have far-reaching implications on how businesses conduct themselves, right from investment to consumer protection. The circular says, “Adapting to and mitigating climate… Continue reading Opinion: The mixed matrix of performance evaluation for auto industry;
Lower costs, ink FTAs to push exports: CEO panel
With FTAs in place, the panel concluded that auto components could be the biggest gainer across markets, including the US, UK and the EU. NEW DELHI: A committee comprising top Indian CEOs has argued that India’s proposed free trade agreements (FTAs) could help push exports of auto components and textiles, while also suggesting a sustained… Continue reading Lower costs, ink FTAs to push exports: CEO panel
ARAI to establish pre-certification lab in Telangana
The team was received by the Director of Electronics, EV and ESS Sujai Karampuri and other officials from the department of ITE&C. ARAI, which is the leading automotive R&D organization of the country set up by the Automotive Industry with the Government of India. ARAI currently operates out of Pune where it is headquartered. It… Continue reading ARAI to establish pre-certification lab in Telangana
India’s antitrust body fines Maruti Suzuki $27 million over dealer discount policy
The Competition Commission of India (CCI) in 2019 started looking into allegations that Maruti forces its dealers to limit the discounts they offer, effectively stifling competition among them and harming consumers who could have benefited from lower prices if dealers operated freely, Reuters had reported. By Aditi Shah and Aditya Kalra NEW DELHI: India’s antitrust… Continue reading India’s antitrust body fines Maruti Suzuki $27 million over dealer discount policy
Odisha: Dharmendra Pradhan takes stock of road projects
Union minister Dharmendra Pradhan BHUBANESWAR: Land acquisition for the coastal highway and capital region ring road (CRRR) projects are likely to start soon as Union minister Dharmendra Pradhan took stock of these projects on Sunday. Chairing a meeting with senior officials of the National Highways Authority of India (NHAI), Pradhan directed them for expeditious implementation… Continue reading Odisha: Dharmendra Pradhan takes stock of road projects
Charging e-vehicles at Kerala State Electricity Board stations to cost Rs 15/unit
KOCHI: The free charging enjoyed by electric vehicles (EV) owners at Kerala State Electricity Board (KSEB) charging stations will come to an end in two weeks. It will cost the EV owners Rs 15 per unit. Kerala State Electricity Regulatory Commission has given directions to KSEB in this regard. Officials said that customers could charge… Continue reading Charging e-vehicles at Kerala State Electricity Board stations to cost Rs 15/unit
TN auto industry divided over Centre’s new vehicle scrappage policy
Chennai: The automobile industry of Tamil Nadu is divided over the Centre’s new vehicle scrapping policy. The policy envisages that commercial vehicles that have completed 15 years and private vehicles that completed 20 years and fail the fitness tests should be off the road. While automobile dealers have welcomed the government decision, the used car… Continue reading TN auto industry divided over Centre’s new vehicle scrappage policy
What not to do to achieve financial freedom
Since it was the season for freedom-themed everything over the past couple of weeks, I thought I should also join the bandwagon and talk about financial freedom. Except that I do feel that unlike an ecommerce site or a carmaker’s freedom festival or whatever, there really is a deep connection between freedom and personal finance.… Continue reading What not to do to achieve financial freedom
Finance minister Nirmala Sitharaman launches fund for small, mid-cap industries
FM highlighted steps taken by the Centre to promote the MSME sector in the country, starting with a production linked incentive scheme. Lucknow: Fulfilling a promise made in the 2020 Union budget, finance minister Nirmala Sitharaman launched the Ubharte Sitaare Fund for small and mid-cap industries in Lucknow on Saturday. The fund, anchored by India… Continue reading Finance minister Nirmala Sitharaman launches fund for small, mid-cap industries