Author: World_Newz Mon

World NM: Samsung Electro-Mechanics develops new automotive MLCCs001452

Samsung Electro-Mechanics Co., a major electronics parts maker in South Korea, on Thursday said it has developed two types of automotive multi-layer ceramic capacitors (MLCCs) that can be used for the advanced drive assist system (ADAS) as the company targets the future mobility market. MLCC is a core component within electric devices that controls the… Continue reading World NM: Samsung Electro-Mechanics develops new automotive MLCCs001452

World NM: Need to bring down GST rates on auto sector: Revenue Secretary Bajaj001451

Higher taxes on automotive sector have a negative impact and the government needs to look at the solution, Revenue Secretary Tarun Bajaj said on Wednesday. This is evident from impressive rise in tax revenue from the sector which has helped the government to desist from making calls to tax-payers for payment of advance tax. Go… Continue reading World NM: Need to bring down GST rates on auto sector: Revenue Secretary Bajaj001451

World NM: Exports up 46.4 pct in first 10 days of August001450

The country’s outbound shipments stood at US$12.7 billion in the Aug. 1-10 period, compared with $8.69 billion a year earlier. By sector, outbound shipments of memory chips, a key export item, rose 44.6 percent on-year, and those of telecommunication goods soared 75.7 percent. Exports of petroleum products increased 33 percent on-year as oil prices rose… Continue reading World NM: Exports up 46.4 pct in first 10 days of August001450

World NM: Pricol revenue up001449

Pricol Limited reported ₹292.75 crore revenue from operations for the first quarter of 2021-2022, as against ₹103.97 crore in the first quarter of last financial year. Managing Director of Pricol, it is challenging times in the automotive industry because of the lockdowns due to the pandemic compounded by acute shortage of electronic components globally. However,… Continue reading World NM: Pricol revenue up001449

World NM: If You Like the Porsche 911, You Should See This Hour-long Documentary About It001447

Porsche’s 911 is an automotive icon, and each unit has been built in the same factory since 1963. Even if you are not a fan of the 911, you should watch this documentary on its production from start to finish, made by the German newspaper Welt. German legislation requires a… (continue reading…) Go to Source

World NM: Batteries made from trees could help transform the future of e-travel001447

A material found in the wood of our plants is being trialled as a way to produce sustainable battery power. In order for Tesla to meet its production targets of 20 million electric cars annually, it would need to mine over 1 million tonnes of graphite. A panel by PwC on the topic noted that… Continue reading World NM: Batteries made from trees could help transform the future of e-travel001447

World NM: Motherson Sumi Systems posts Q1 PAT of Rs 290 cr001446

Specialised automotive component manufacturing company Motherson Sumi Systems Ltd (MSSL) on Tuesday posted a profit after tax of Rs 290 crore in the April to June quarter versus a loss of Rs 810 crore in the same quarter of last year. Revenues impacted in India due to OEM production shutdown for most part of May… Continue reading World NM: Motherson Sumi Systems posts Q1 PAT of Rs 290 cr001446

World NM: Tractor assemblers seek release of Rs6bn sales tax refunds001445

To resolve the issue, chairman and senior vice chairman of the Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) Abdul Rehman Aizaz and Abdul Razzak Gauhar had informed Industries Minister Khusro Bakhtiar in a recent meeting about the Rs6 billion stuck-up sales tax refunds of the tractor assemblers for the past 18 months. Every… Continue reading World NM: Tractor assemblers seek release of Rs6bn sales tax refunds001445

World NM: Paapam reiterates demand of tractor industry’s Rs6b refunds’ early payment001443

LAHORE   –  The Federal Board of Revenue (FBR) and its sub-organs have been creating unfair hurdles and using delaying tactics to clear the billions of rupees’ sales tax refunds of the tractor industry despite the full assurance of the Ministry of Industries and Production and FBR’s high-ups. The delegation apprised the minister that tractor manufacturers… Continue reading World NM: Paapam reiterates demand of tractor industry’s Rs6b refunds’ early payment001443