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EV startup Vidyut raises USD 10 mn to build full-stack ecosystem New Delhi: EV startup Vidyut on Tuesday said it has raised USD 10 million in its Series A fundraise (a mix of equity and debt funding) led by 3one4 Capital, and will deploy new funds to scale its new offerings that include EV insurance, lifecycle manageme... |
Payment woes delay supply of Russian Sokol oil to India -sources Shipments of Russian Sokol to have been delayed by payment problems, forcing India's biggest refiner to draw from its inventories and buy more from the Middle East, two sources familiar with the matter said. IOC is the only state refiner that has an annua... |
Should Tata, Mahindra, and other Indian automakers worry about Tesla & co. The recent announcement of import duty concessions in the (EV) policy is set to boost the Indian electric vehicles market without negatively impacting local players, according to a senior government official. Rajesh Kumar Singh, Secretary of the... |
the domestic manufacturers can also grow in that same space," Singh said. Citing an example, he said when these EV manufacturers come in, the ecosystem also comes including vendors and the market is expanded. "It's not that the market cannibalizes on anybody's existing share...," he said, adding that few cars are being... |
India's ONGC willing to wait to regain oil from Russian project By Rod Nickel India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns, but is willing to wait because Russian oil is hard to ship right now, the head of 's overseas investment arm, , sai... |
Hopes for India-UK FTA talks impetus with new PM Rishi Sunak As takes over as Britain's first Indian-origin Prime Minister on Tuesday, there is renewed hope that the (FTA) will get a much-needed impetus after the Diwali deadline for draft completion was missed amid political turmoil in the UK. While the October timelin... |
has not been a public advocate of strong ties with India during his parliamentary and ministerial stints. Indeed, as Chancellor of the Exchequer for over two years, he did not visit India even once. There is no indication that this outlook is likely to change as Prime Minister when he needs to focus on a much larger fo... |
Chinese EV-makers rush in and upend a country's entire auto market Ma Haiyang and eight of his colleagues arrived in Thailand a year ago to establish the first overseas operation for , an electric vehicle maker from China. They had no office, no factory, no local employees, and, basically, no clue. The team set up a sh... |
of Asia," it serves as a regional manufacturing hub. Its proximity and strong trade ties to China also allow Chinese cars to be imported quickly and inexpensively. "It's a beachhead market," said Tu Le, a managing director of the consultancy Sino Auto Insights. "It suits a lot of Chinese brands because of the lower pri... |
the grandchildren of Siam Motors' founder, control Rever Automotive, which is the exclusive distributor for BYD cars in Thailand. BYD, China's leading EV company, competes directly with Siam Motors' longtime partner, Nissan. BYD sold more cars in Thailand than Nissan did last year, even though the Chinese automaker had... |
conditions. On his desk at Aion's offices in a Bangkok high-rise, Ma displayed a miniature model ship that captures the spirit of Chinese automakers prospecting for customers. Written on the ship's sails is a Chinese phrase: "Ride the wind, cleave the waves and return with a full load." |
Apollo Global set to invest $125 mn in Hero FinCorp Management has agreed to invest around INR 940 crore ($125 million) of growth capital to buy into , the lending arm of the , said people aware of the development. This is part of a larger INR 2,000-crore capital raising exercise from existing and new investors. The co... |
available at over 4000 touch points across 1900 cities, towns and villages, according to details in its annual report. It has 3.1 million retail customers. The non-retail business is present in 50 locations. This will be the third investment from Apollo in India in recent times. In 2021, they invested $100 million into... |
Popular pickups fail the IIHS seat belt reminder test New Delhi: are falling short when it comes to effective seat belt reminders. Out of 10 recently evaluated by the Insurance Institute for Highway Safety, only one — the crew cab — earns a good rating, while five are rated poor. “National belt use observations show th... |
Tata Motors bags order for 1,300 CVs from VRL Logistics New Delhi: , , on Thursday bagged an order for 1,300 commercial vehicles from Limited. The order comprises vehicles from Tata Motors’ Medium & Heavy Commercial Vehicle and Intermediate & Light Commercial Vehicle range, suited for logistics operations of the compan... |
ONGC weighs raising stakes in Russian oil despite Shell snub is weighing the options of placing more bids for Western companies' stakes in multiple Russian oil and gas fields even as its first bid for 's 50% stake in in has not been accepted, people familiar with the matter said. "The war will not last forever, nor wil... |
West thus far and some Russian lenders are still part of the SWIFT payment system, enabling buyers to source crude and pay for it through regular banking channels. "Buying Russian crude is one thing. In case of sanctions intensifying, you could wind it back in just a couple of months. But investing in upstream could ha... |
Tesla shares suffer New Year's hangover on demand worries, delivery issues shares kicked off 2023 with a thud, plunging more than 12% on Tuesday on growing worries about weakening demand and logistical problems that have hampered deliveries for the world's most valuable automaker. Once worth more than $1 trillion, lost... |
missing Musk's 50% annual target. The result "came at the cost of higher incentives, suggesting lower pricing and margin," brokerage J.P.Morgan said in a note, lowering its price target by $25 to $125. The median price target of 41 analysts on the stock was $250, more than double the current price, according to Refinit... |
Hardeep Puri hails ONGC's highest-ever share surge New Delhi: Union Minister for Petroleum and Gas, Hardeep Singh Puri, on Tuesday hailed the new achievement by the public sector upstream giant Oil and Natural Gas Corporation ( ) as its shares touched a record new high. ONGC's share price surged past INR 323 apiece wit... |
Electric vehicles offer INR 3 lakh crore opportunity for India: CRISIL Electric vehicles (EVs) present an opportunity of almost INR 3 lakh crore for various stakeholders in India in the five years through fiscal 2026, says an analysis by CRISIL. The opportunity includes potential revenue of about INR 1.5 lakh crore acr... |
Battery-as-a-service and public charging stations, for one, typically has a pay-per-use model and aims to reduce the initial outgo of the customer, improve viability, address range anxiety and, in turn, increase asset utilisation. Mobility-as-a-service is yet another new trend. It focuses on shared mobility by linking ... |
Zuno General Insurance introduces EV add-on cover New Delhi: Wednesday announced the launch of an innovative Electric Vehicle (EV) add-on cover, said to be a first-of-its-kind in the insurance industry. This offering is specially designed to provide comprehensive protection for electric vehicles and cater to their uniq... |
Mazda North America launches 2023 CX-5 SUVs in 8 packages Delhi: North American Operations recently announced pricing and packaging for the 2023 CX-5 – the brand's best-selling vehicle in the US. According to the automaker, the 2023 will be available in eight packages. For 2023, the CX-5 is available with an all-new Rh... |
paint colour and an option between black leather with red stitching or red leather interior. Carbon Edition also features black metallic 19-inch aluminium alloy wheels with matching gloss black side mirrors and front signature wing. The leather-wrapped steering wheel and shifter have red stitching that is complemented ... |
of the body and is contrasted by bright silver finish 19-inch aluminum alloy wheels with a matching front grille and signature wing. The interior is appointed with premium quality materials such as Caturra Brown Nappa leather and genuine woodgrain. The bright silver finish is also found throughout, which is highlighted... |
RBI bond auction of about Rs 23,000 crore finally sails through MUMBAI: About Rs 23,000 crore of scheduled federal borrowing through was garnered without any hiccups this week on investor optimism that New Delhi will raise more than Rs 50,000 crore by selling a minuscule portion of its stock in the initial public offer... |
it decided to retain the auction even at relatively higher yields,” the person said. On Friday, the BSE Sensex recouped nearly half its losses logged a day earlier, when Russia began its military operations across the Ukraine frontier. Also Read: |
RBI Governor-headed FSDC sub-committee reviews economic situation Mumbai: The sub-committee headed by Reserve Bank Governor on Thursday reviewed the economic situation in the backdrop of the COVID-19 pandemic and resolved to keep a close watch on the unfolding developments with a view to ensure financial stability. The... |
Maharashtra govt to form corporation for auto, taxi drivers and owners Maharashtra Chief Minister Eknath Shinde on Tuesday announced a corporation for the welfare of autorickshaw and and owners, which will offer them insurance and gratuity benefits. Addressing a gathering, Shinde said the state government will form the... |
Ships get older and slower as emissions rules bite LONDON: If is the beating heart of , its pulse is about to get slower. Faced with uncertainty about which fuels to use in the long term to cut greenhouse gas emissions, many shipping firms are sticking with ageing fleets, but older vessels may soon have to start sailin... |
year, underlining the scale of the challenge in meeting the IMO's target of halving emissions by 2050 from 2008 levels. The organization is now facing calls to go further and commit to net zero by 2050. Some companies are testing and ordering vessels using alternative fuels such as methanol. Others are developing ships... |
framework known as the Poseidon Principles. The Poseidon Principles website shows that 28 banks, which include , Citi, Danske Bank , Societe Generale and Standard Chartered , have committed to being consistent with IMO policies when assessing shipping portfolios on environmental grounds. "Lending decisions on second-ha... |
Ford taps masses of vehicle data to stay ahead in commercial van market 's push to use reams of data generated by its vans and trucks - from engines to oil filters or brake pads - to attract more customers in the European and U.S. plays out on a 9-metre-long (30 ft) screen at its UK headquarters in Dunton east of Londo... |
how much range they have left and providing easy, comprehensive charging solutions. Ford's Schep said providing that data is crucial for van fleets because according to the automaker's research, 60% of its corporate customers "are really worried about the journey to electric." The UK operations of DHL Express, part of ... |
Citroën India launches E-C3 all-electric at an introductory price of INR 11.5 lakh New Delhi: has launched the All-Electric in four variants: Live at a special introductory price of INR 11.5 lakh, Feel (INR 12.13 lakh), Feel vibe pack(INR 12. 28 lakh), and Feel dual tone vibe pack (INR 12.43 lakh). (Prices, ex-showroom... |
who will enjoy the Clever, comfort & cool product propositions. The vehicle was developed keeping in mind the Indian audience and their unique needs and preferences. E-C3 delivers a certified driving range of 320 km per charge (MIDC cycle), 100% DC fast charging capability, and a plethora of intuitive technology-driven... |
Sumithasri Eranti is the new Chairperson of Schaeffler India board of directors Pune: Leading automotive and industrial supplier has appointed as the new Chairperson of its board of directors. With over 25 years of experience in business leadership, technology, consulting and financial services industry, Ms Eranti brin... |
Citroen opens new showroom in Puducherry , the French automaker, Thursday opened ‘La Maison Citroen’ phygital showroom in Puducherry. The new dealership was inaugurated by N Rangasamy, Chief Minister, and N. Namassivayam, Home Minister, of Puducherry . The conveniently located new dealership will make Citroen’s offerin... |
Southeast Asian car marketplace Carro takes 50% stake in Indonesian rental firm SINGAPORE - Singapore-headquartered Carro, a Southeast Asian , has acquired a 50% stake in the rental unit of Indonesian automotive group for nearly $54 million, both companies said in a joint statement on Monday. PT Mitra Pinasthika Mustik... |
PNB stops 0.75% incentive on fuel purchases via digital modes With the oil marketing companies discontinuing to pay the incentive of 0.75% while buying fuel via any mode at petrol pumps, state-owned has stopped passing on the benefit to its customers. The city-headquartered Punjab National Bank ( ) discontinued to pass... |
Lyft says lower prices to hit profit, shares drop 30% on Thursday forecast current-quarter profit far below targets as the ride-hailing service lowered prices, triggering a 30% drop in shares on concerns it was falling behind bigger rival . Lyft also forecast revenue below analyst expectations for the current quarter. ... |
Budget 2022 – Striking a balance between Nature & Nurture 2022 Indian budget was a tough balancing act between the need to nurture and support the economy with fiscal stimulus in view of slow emergence out of pandemic vs. concerns around high inflation and liquidity tightening both globally and India prompting expectat... |
State seeks Centre’s help to make repeat traffic violators pay higher MV insurance Bhubaneswar: frequently violating traffic rules may be forced to shell out a higher with the state government seeking the Centre’s intervention to introduce the penal provision. Commerce and transport secretary Usha Padhee on Tuesday wro... |
Russia poised to largely skirt new G7 oil price cap By Noah Browning, Dmitry Zhdannikov and Jonathan Saul Russia can access enough tankers to ship most of its oil beyond the reach of a , industry players and a U.S. official told Reuters, underscoring the limits of the most ambitious plan yet to curb Moscow's wartime re... |
That could leave Russian exports in December reduced by just 600,000 bpd compared with September, the bank added. Not just ships but the services needed to keep them and their oil cargoes flowing are on the move, according to Norbert Rucker, head of economics at Swiss asset manager Julius Baer. "Oil traders dealing in ... |
More people believe that EVs will overtake diesel, petrol vehicles by 2030: Report New Delhi : The future of in India seems to be bright. A majority of - 57% - who participated in a survey of over 1000 people, want to invest in electric vehicles (EVs) because of their practical advantages, while 56% want to purchase EV... |
Among other reasons of concern are the cost of battery replacement and how frequently it would be needed, as it is one of the primary costs of an EV. They are also concerned about the plausibility of long-distance travel in an EV. Moreover, 41% of EV owners believe that EV takes a lot of time to charge, and 40% of owne... |
Putin bans Russian oil exports to countries that implement price cap President Vladimir on Tuesday delivered 's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that abide by the cap. The Group of Seven major powers,... |
of Russian crude around the globe, unless it is being sold for less than the price cap. EU countries have separately implemented an embargo that prohibits them from purchasing seaborne Russian oil. Russian Urals oil traded above $56 per barrel on Tuesday, below the price cap level. Brent crude oil moved a little higher... |
Vehicles without valid docus to get e-challans in Chhattisgarh Raipur: The Chhattisgarh government, in its crack down on vehicles without a fitness certificate, tax payment and valid documents, will launch the e-detection system of the transport department at all the highway toll gates from Thursday. Chhattisgarh is th... |
Know all about bike insurance risk cover and claims What is a ? A plan is a type of insurance cover that protects bikes and scooters. There are two main types of two-wheeler insurance covers: 1. : As the name suggests, a third-party plan provides coverage against all third-party liabilities. If you happen to get involv... |
you follow the steps and submit the claim, you will simply have to wait for the insurance provider to pay the claim out to you. You can get the claim quite quickly, provided it is a valid claim, and all the documents are in place. Cashless settlement in bike insurance claims There are two types of claims in bike insura... |
What the fresh march higher in oil means for world markets Oil prices are up around 16% so far this year near USD 90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an ... |
prices continue to go higher," said Yardeni. Barclays head of European equity strategy Emmanuel Cau has had an overweight position on Europe's energy stocks since October, saying the sector tends to perform well in inflationary and stagflationary environments. In contrast, Nordea CIO Kasper Elmgreen said he was negativ... |
Audi Approved: plus facility on stream in Lucknow New Delhi: Audi, the , today inaugurated a pre-owned car facility, Audi Approved: plus, in Lucknow.. This is ’s 19th such facility in the country. Balbir Singh Dhillon, Head of Audi India, said, “Today, we have inaugurated our 19 th Audi Approved: plus facility. Lucknow... |
ACKO partners with Hero MotoCorp for removable EV battery warranty plan New Delhi: , a private sector general insurance company in India, has introduced an extended battery warranty plan tailored for removable batteries of electric vehicles (EVs). The plan is available with the , the first EV launched under the emergin... |
Russian oil prices soar amid falling freight rates, strong demand export revenues are set to rise in March as falling freight rates and strong demand pushes Russian towards a USd 60 per barrel Western price cap, based on traders' and Reuters' calculations, challenging the view that the mechanism was increasing pressure... |
with Russian oil exports estimated the discounts on Urals have narrowed to USD 12-16 per barrel currently from USD 15-USD 20 per barrel in recent months. Also helping to strengthen the value of Urals was news about Russian output and export cuts. Russia had already announced plans to cut its oil production by 500,000 b... |
Hyundai, Kia cars easier to steal, claims study for US market The latest study conducted by the Insurance Institute for Highway Safety, US, suggests that and cars can be 'easy targets' and more susceptible to car theft. A spike in car theft was also reported during the pandemic. Bargain-priced vehicles of Kia and Hyund... |
Russian oil logistics in chaos with weeks until sanctions bite , and the world’s most powerful governments are becoming increasingly fixated upon one question in the oil market: can the petroleum industry’s supply chain handle the harshest sanctions on Russian exports in history? A vast shadow fleet of tankers with unk... |
Sea, Russia’s top export region. Ship-to-ship transfers involve one vessel maneuvering itself alongside another, attaching a pipe to allow the cargo to be pumped between the two carriers. It can take up to two days and is best done in the calmest waters possible with good weather. Some can involve a multi-stage process... |
fetching double the price from a year ago with buyers preferring to keep their identities a secret. Shipbrokers also observed a rise in trading activities for non-ice class aframaxes aged 15 years or older. Some of these tankers are expected to turn up in east Siberia, where they’ll help to transport Russian ESPO crude... |
How 21North is Fuelling Auto Commerce in the New Normal The striking growth of over the past few years has transformed how consumers shop and interact with businesses. In fact, according to a report by Statista, the eCommerce sector is expected to generate around $5.42 trillion in annual sales by 2022. By the end of 20... |
business on a digital platform will overcome the issue of low customer footfall to physical stores and dealerships, while simultaneously enabling a consistent effortless doorstep experience. This will also allow businesses to achieve higher volumes at lower fixed costs. And this is where 'auto commerce' comes in! How i... |
Dumped and forgotten, they need quick disposal New Delhi : Hundreds of dust-covered, damaged vehicles are a usual sight outside the city’s police stations or at . Often dumped in a brand new condition, these vehicles rot there till the time they can be turned into scraps. Sometimes, mysterious fires, or even thefts, pa... |
the deputy commissioners of police were empowered to initiate e-auctioning and dispose of the vehicles seized under 66 Delhi Police Act. However, its impact is yet to be analysed. Many officers also suggest options like recycling, loaning to institutions for training and experiments, besides giving to art colleges for ... |
Irdai permits general insurers to issue sophisticated add-ons for motor insurance Insurance sector regulator on Wednesday permitted general insurers to issue sophisticated add-ons for policy. These are telematics-based motor insurance plans for which the premium depends on usage of vehicle or driving behaviour. "The is... |
Exponent Energy and Alt Mobility introduce 5-year financing with 30% lower EMI New Delhi: , an energy-tech startup that has unlocked a 15-minute full charge for EVs, has formed a partnership with , a commercial fleet leasing and lifecycle management platform, to lease 1000 neEV Tez electric 3-wheelers, powered by Expon... |
is helping break down barriers hindering the rapid adoption of EVs. With competitive financing rates, and extended EMI tenures, we are making electric mobility accessible, financially viable, and convenient. Combining this with our breakthrough advancements in 15-minute EV charging, we are empowering individuals & busi... |
Maruti Suzuki partners with SMAS Auto Leasing for vehicle subscription program New Delhi: is partnering with . It becomes the 5th partner with Maruti Suzuki Subscribe to offer a range of Maruti Suzuki vehicles on white plate subscription. Maruti Suzuki Subscribe with SMAS is now available across the cities of Delhi, Gu... |
Tesla changes insurance incentive scheme in China to urge purchases SHANGHAI/BEIJING - said it has raised insurance incentives for car orders in China placed before Nov. 30, but reduced them for orders made next month, a move to urge consumers to place orders earlier. The U.S. automaker previously offered an insurance ... |
Car more than 15 years old? State govts announce discounts for scrapping; 5 things to know about how to scrap an old car Do you own a car that is more than 15 years old? Then you should know that 21 states and union territories (UTs) are offering up to 25% discount on personal vehicle price or for customers who scrap t... |
on Delhi's roads, there will be a fine of INR . 10,000, and it will be sent directly for scrapping. Old vehicle problems If your car or bike is older than 15 years, you may have to pay a green tax on re-registration. The tax can be up to 50% of your road tax and is based on the pollution level in your state. Electricsu... |
Used car loan interest rate: SBI vs ICICI vs PNB Many banks in India offer loans for used cars or pre-owned cars. During the loan term, you can pay back the loan in ( ). However, one should be careful and check other details such as registration documents, car insurance, etc. The eligibility to avail this loan differs ... |
Automakers targeting average households with new crop of EVs WARREN: In their first rollouts of , America's automakers targeted people who value short-range cars. Then came EVs for luxury buyers and drivers of pickups and delivery vans. Now, the companies are zeroing in at the heart of the U.S. auto market: The compact... |
the intention and where we're pricing this product is to certainly make it more available for more mainstream buyers." To attract buyers of modest means, EVs need to be priced even lower, in the $30,000-to-$35,000 range, GM CEO said in an interview this week with The Associated Press. Electric vehicles, she said, also ... |
Steel, iron ore tread narrow path between China and Russia: Russell By LAUNCESTON, Australia: are trying to thread the needle between China's coronavirus lockdowns and the likely loss of . The first factor is bearish for prices, as China's steel output may fall on lockdowns in some producing areas, such as Tangshan, as... |
pollution ahead of the Beijing Winter Olympics are part of the reason for lower output, but high prices for iron ore and coking coal would also have limited mills' efforts to run at high capacity. China's exports of steel products also slipped in the first two months, coming in at 8.23 million tonnes, down 18.8% from t... |
UK set to reap GBP 66 bn annual economic windfall by 2040 from connected and automated mobility: Report The UK stands to gain a significant economic boost of GBP 66 billion annually by 2040, thanks to the adoption of connected and (CAM) technology, as outlined in a new report by the ( ). CAM technology enables vehicles... |
this exciting revolution swiftly and effectively, ensuring that consumers can reap the lifesaving and cost-saving benefits. Failing to do so risks leaving the UK in the slow lane, jeopardizing our competitiveness and impeding growth and job creation." The report has received endorsements from various industry leaders, ... |
Russian oil slashes OPEC's share of Indian market to 22-year low New Delhi - 's share of India's oil imports fell at the fastest pace in 202222, a Reuters analysis of the data that dates back to 200123, the data showed, about 23% of its overall 4.65 million bpd imports. The decision by OPEC and their allies, a group kn... |
Karnataka: No permit required for green vehicles BENGALURU: (EVs) and vehicles that run on alternative fuel such as methanol and ethanol will not require permits to ply in the state. On Friday, the transport department issued a notification stating that transport vehicles operated by battery, ethanol and methanol will ... |
The hustle is on : EVs corner 46% of 3Ws; over 2.5% of all automobile sales in India in FY22 New Delhi: Electric three wheelers registered a blistering 101.74% growth in sales in fiscal 2022 in India notching up a record 45.83% share in the overall segment during the year as per data collated from government's Vahan da... |
No accident insurance claim if driver is drunk: Consumer commission The district consumer disputes redressal commission of Bageshwar, in a case of a resident of Bageshwar, whose met with an accident, ruled in favour of United India Insurance Company, and ordered that there was no deficiency in services by rejecting the... |
Consumers want safeguards with partial automation: IIHS New Delhi: A recent (Insurance Institute for Highway Safety) survey showed that consumer interest in automated technologies is strong, but drivers appear to prefer partially automated features that require them to stay engaged in driving. “Automakers often assume ... |
OPEC+ output cut may lead to higher oil prices, push up India's import bill The ( ) on Tuesday termed the decision of to cut production as "risky for the global economy", saying it may push up already high prices, leading to higher import bills for nations like India. were already set to tighten in the second half of 2... |
about the impact of sanctions on Russia, he said the objective of reducing Russian oil revenue has been achieved. "Our numbers show that in one year of time since the 24th of February, when the war started, the Russian oil and gas export revenues declined, dropping by 60 per cent. If we consider that the oil and gas ex... |
Aluminium jumps on Russian supply worries, nickel goes limit down again By Pratima Desai jumped more than 5% on Monday after Australia banned the export of materials used to make the metal to Russia as part of its sanctions against Moscow for its invasion of Ukraine. Meanwhile, the London Metal Exchange's benchmark nic... |
Group Landmark owned Volkswagen dealerships in Gujarat and Delhi NCR delivered 100+ cars on March 30, 2023 More than 100 Volkswagens were delivered by Group Landmark's in Gujarat and Delhi NCR on March 30, 2023, setting an incredible milestone. The record-breaking number of delivered in a single day was made possible w... |
opportunities so our customers can have the best car-buying experience, which is our top priority." With the expertise of the staff at Group Landmark's Volkswagen Dealership and the customer-centric approach they adopt, Group Landmark has achieved significant success. VW customers enjoy the benefit of excellent after-s... |
Insurance claims for EVs shoot up Insurance companies are witnessing an increase in the frequency and for (EV) as even minor damages leads to replacement of in the . HDFC ERGO General Insurance says the overall frequency of EV claims has increased by 15% during the current year, when compared with last year. “As the ch... |
Being FutuReady: Re-imagining automotive supply chains in post-Covid world The impact of the Covid-19 pandemic on supply chains world-over has been profoundly disruptive, to say the least. Reeling under sudden lockdowns, fluctuations in demand and supply, logistics disruptions and shortages, the automotive industry was... |
capacity requirements and other critical factors? Are they adequately staffed? Ensuring business continuity with Once we have addressed our basics, we can optimize the supply chain in several ways. Consider for instance, ways in which you can simplify products and standardize parts. Overly complex products involving a ... |
Supply chains must build roadmaps for achieving net zero emissions, water neutrality and full recyclability of materials in the next few decades. Going forward, we must strive to build an agile, productive, resilient, digital and sustainable supply chain, driven by strategic business continuity plans and proactive risk... |
Indian job market shows highest growth of 6% y-o-y in March: Monster Employment Index Hiring demand in India witnessed a 6% year-on-year growth in March amid removal of Covid induced restrictions and pick-up in economic activity, shows the ( ). Even as a marginal dip of 2.4% was witnessed in month-on-month hiring activ... |
Mercedes-Benz makes 10 million vehicles with pedestrian emergency braking system in 10 years With more than 40 active assistance systems currently available, is making a decisive contribution to increasing the safety of all road users. In particular, has been helping reduce accidents involving pedestrians and cyclists ... |
means high internal safety demands exceeded legal requirements: so-called city emergency brake assist systems for low-speed driving have only been mandatory for all types of newly approved passenger cars in the EU since July 2022. From 2024, these will be mandatory for every newly registered car. Future assistance syst... |
CerebrumX and BlackBerry join to scale up connected vehicle data offerings has made a strategic in to help it expand its line of . Its (ADLP), which is powered by (AI), collects connected car data regarding vehicle and driver performance, offers it to manufacturers, and assists them in developing goods and services, Ce... |
Bajaj Group commits INR 5,000 cr for CSR programs in 5 years New Delhi: Bajaj Group Friday committed INR 5,000 crore to social impact initiatives over 5 years, with a focus on skill development, under ‘Bajaj Beyond’—the Group’s new identity for all its Corporate Social Responsibility (CSR) and charitable programs. This... |
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