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the operations and opened the first dealership for Honda cars in India in 1998. Another person aware of the company’s plan said, “Besides being an automotive dealer, it has also made forays into auto-technology platforms through investments in Pitstop, a multi-brand car service and repair provider and Sheerdrive, an on... |
Mahindra expands E3W lineup, launches e-Alfa Super priced at INR 1.61 lakh New Delhi: Last Mile Mobility (LMM), a prominent player in India's electric 3-wheeler sector, launched the new Mahindra e-Alfa Super on Wednesday, expanding its existing electric 3-wheeler offerings. Priced at INR 1.61 lakh (ex-showroom), its ma... |
Guilty as not charged: How infra for EVs is running out of current New Delhi : At a time when New Delhi Municipal Council is planning to set up electric vehicle charging stations at 350 new locations, the operation and maintenance of the existing 100 stations have already become a challenge for the civic body. At least... |
NMohan, head of EVCI at Convergence Energy Services Limited, a subsidiary of EESL, responded that the firm’s responsibilities included rectification of the faults but not damage cover. “While all chargers are insured, the insurance claim process necessitates the submission of a closure report by police,” Mohan pointed ... |
Western curbs on Russian oil products redraw global shipping map Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions to move their diesel and other products as Western restrictions on Russian cargoes have reshuffled global energy shipping patterns. As a result of the ban o... |
the journey from Russia to Brazil can take 18 days or longer and, at up to USD 7 million per voyage, the costs are nearly double that of a U.S. shipment, the ship charterer involved in the Russian market said. Brazil received around 240,000 tonnes of Russian diesel and gasoil in the first three weeks of March, accounti... |
IITRDF, GIC Re sign MoU for development of Semi-Transparent Perovskite Solar Cells : In its ongoing global climate protection efforts, the Indian Institute of Technology Roorkee ( ) has kick-started a new collaboration with Insurance giant (GIC Re) on the development of energy-generating solar window technology. This i... |
to CSR, we are delighted to be part of this innovative project focused on making a building energy efficient by maximizing space at a minimal additional installation cost. The project is a path to zero carbon energy." Prof. Soumitra Satapathi, Lead Scientist, said "Perovskite-based solar windows will be a game changer ... |
Japan's Nikkei retreats from 33-year high as sharp gains stoke caution Japan's Nikkei share average hit a more than three-decade high on Monday before reversing course to trade marginally lower as investors turned cautious about the index's recent sharp gains. The Nikkei index was down 0.07% at 33,562.41 by the midday ... |
UK firm Metis touts battery sensor that could ease EV scrappage problem British firm said on Tuesday it has developed a sensor to measure electric vehicle (EV) battery health that should allow insurers to properly assess damage after accidents and allow them to avoid unnecessary write-offs. For many EVs, there has so f... |
Car services groups warn of unfair competition as EU data plan stalls Car services groups on Friday warned a stalled EU proposal to ensure fair access to valuable vehicle data could pave the way for unfair competition from U.S. and Chinese tech . The vehicle data tussle between carmakers and a coalition of insurers, le... |
Dollar steady as banking crisis fears linger The was steady on Monday, while the yen hovered near its seven-week peak as investors assessed moves made by authorities and regulators to rein in worries over the global banking system. The , which measures the currency against six rivals, rose 0.078% at 103.07, having gain... |
Ola eyes NBFC acquisition to expand financial services business IPO-bound is looking to expand its and also obtain an licence through the route, sources said. Ola is said to be in talks to acquire at least 3 companies to augment its engineering, product as well as loan management capabilities to support the rapid growt... |
Know why add-on covers are beneficial to car owners More than helping one cushion the financial loss caused by an accident or damage, motor insurance gives the comfort of a tension-free drive. The Motor Vehicles Act 1988 makes it mandatory for every car owner to take an insurance policy to cover damages to third partie... |
owner has not made a single own damage claim during the term of the motor insurance policy. No Claim Bonus Protection Cover helps in protecting the NCB discount even in the event of a claim (one) during a policy year. A ‘NCB Protection’ add-on can help keep the premiums low despite making a claim. Key and Lock Replacem... |
40% of vehicles on roads not insured: Centre tells SC The central govt informed the Supreme Court (SC) that "40% of on the roads are uninsured". This information came to light during the ongoing hearing of a writ petition, Civil No. 295 of 2012, filed by Agra-based senior advocate Kishan Chand Jain in 2023. The govt st... |
Hiring hiccups seen in April-June 2022, but tech going strong sentiment in the Indian job market is seeing some tempering after back-to-back record quarters as challenges over global geopolitical instability and rising inflation tone down levels of optimism. According to the ManpowerGroup Employment Outlook Survey shar... |
EU top court sides with car service firms in data fight with Scania Swedish truck maker must share car data, such as vehicle identification numbers, with repair shops and parts distributors, Europe's top court said on Thursday in a ruling that could provide a boost for the latter looking to tap a market worth billions ... |
Russia is running out of oil customers is struggling to sell as buyers flee the stigma, logistical challenges and fears of further sanctions that come with dealing with Moscow in the wake of the . Even without direct sanctions on its energy industry Russia will lose around one million barrels per day (bpd) in oil expor... |
operations entirely. Germany has suspended the controversial Nord Stream 2 gas pipeline from Russia. Proposed new energy infrastructure could also be hampered, such as Rosneft's flagship Vostok Oil project in Siberia. Switzerland's oil trading giant Trafigura stated that it was "reviewing options" over its Vostok minor... |
Telematics goes Chip-less, powered by Damoov New Delhi: has become an integral part of the automobile and fleet industry, especially with the recent boom in transportation mobility and gig economy. It is an essential management tool now for industries that require constant monitoring of vehicles and drivers. However, t... |
believes that their telematics-based APIs and SDKs will eventually become a default requirement for building any mobile applications designed for drivers and gig-workers. "Consider how solutions like Stripe and Razorpay have eased the development time for payment solutions. You don't try and build your own solution tod... |
Budget 2024-25: Auto Inc. applauds policy continuation, skilling focus, but awaits more Govt commitment on EVs Union Budget 2024-25: With a focus on nine key areas, Finance Minister Nirmala Sitharaman announced the Union Budget 2024-25 on Tuesday. While there are no direct policy changes announced for the automobile in... |
on 25 critical minerals and reduce BCD on two of them. This will provide a major fillip to the processing and refining of such minerals and help secure their availability for these strategic and important sectors, Sitharaman said in her speech. Shradha Suri Marwah, President, ACMA India said a reduction in customs duty... |
In her budget speech, FM announced that the angel tax will be abolished for all investors. With an aim to curb the use of unaccounted money through the subscription of shares in closely held companies at inflated valuations, the Angel tax was introduced in 2012. Industry experts suggest that abolishing angel tax for al... |
India imported USD 2.8 bn worth of crude oil from Russia in July India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion worth of crude oil from Russia, second only to China which remains the largest importer of Russian oil, a report said. Russia emerged as India's biggest su... |
sales of crude. Cargoes of Russian crude could only access western services such as insurance and shipping if sales were capped below USD 60 a barrel. To circumvent, a dark or shadow fleet of oil tankers emerged. The shadow fleet consists of second hand decrepit oil tankers with opaque ownership structures that make it... |
Kotak General Insurance launches AI-based Vehicle Pre-Inspection ( ) today announced automating vehicle inspections for vehicle insurance renewals with Artificial Intelligence (AI) based technology. Kotak General Insurance has partnered with Inspektlabs to automate the vehicle inspection process, using AI-based technol... |
Vehicle pedestrian safety systems struggle to see in the dark DETROIT - Many of the automakers are using to prevent vehicles from hitting pedestrians do not work well in the dark, according to test results released Tuesday by the U.S. non-profit group . The group, backed by the insurance industry, said 12 of the 23 sed... |
How to insure a 1955 Mercedes-Benz that sold for the record price of $142 mn? On May 5, a 1955 sold for $142 million during an auction at the Mercedes-Benz Museum in Stuttgart, Germany. It was the highest price ever paid for a car at auction, soundly beating the eight-figure Ferrari sales that had long topped the blue-... |
be far above what was paid for it; it may also rise as a car is restored. How and where the car will be stored will probably affect the price of the insurance policy more than anything else. “Many wealthy people live in beautiful areas that tend to be catastrophically exposed,” Butcher says, citing private islands, for... |
Renting EVs more convenient and cost-effective: Samarth Kholkar, CEO & Co-Founder, BLive EVs are a far more economical option compared to ICE vehicles and renting an EV is more convenient and cost-effective, feels Samarth Kholkar- CEO & Co-Founder of , a startup that offers a wide range of EVs and related services thro... |
user starting from making it easy to own an EV to ensuring the ownership process is seamless. Our phygital approach adds on-ground capability instilling confidence in EV our users before embarking on their EV journey. The traction we've gained is proof of the platform's success. With a presence in over 25 cities across... |
supply of EVs to ensure that every delivery in every town is a green delivery. How do you see the renting business model in the future vis-a-vis competitors? BLive EZY Rental is committed to driving sustainable last-mile mobility for fleet operators. Our decentralized rental model introduces Flexible Ownership Models, ... |
Including EVs in the Preferred Sector Lending (PSL) and reducing the Goods and Services Tax (GST) on batteries from 18% to 5% will bring down the cost of EVs, thereby making them more affordable to own. I am also hopeful about policy measures that promote the adoption of electric vehicles (EVs), including the extension... |
IRDAI proposes third-party motor insurance premium cars, two-wheelers for FY 2022-23 The Insurance Regulatory and Development Authority of India ( ) has issued a draft notification with the rates for cars, two-wheelers, and other for the financial year 2022-23 The IRDAI has not changed the tariffs in the last two fisca... |
Shishir Mishra elevated as brand director for Citroen in India has elevated as the Brand Director for in India effective immediately. In his new role, Shishir will be responsible for steering the brand's strategic initiatives and strengthening Citroen's presence and impact in the , the company said. Shishir Mishra brin... |
Large pickup trucks fare poorly in protecting back seat passengers Four fared poorly in protecting back seat passengers in tests measuring how those passengers fare in some crashes, the said on Tuesday. said the 2023 model Ram 1500 crew cab, Ford F-150 crew cab and General Motors Chevrolet Silverado 1500 rated poorly i... |
HDFC ERGO launches ‘All Things EV’ platform for present and future EV customers New Delhi: , a private sector general insurance company, has launched ' ,' a one-stop-solution portal for (EV). In line with the Government of India’s push for electric mobility, this initiative caters to the needs of existing and potential... |
ACKO partners with Ola and Ather for extended battery warranty program New Delhi: has launched a unique Extended Battery Warranty plan in partnership with OEMs such as and . The Electric Vehicle (EV) market saw its all-time high in 2022 with a 223% growth in sales. This is expected to grow at a CAGR of 44.5% between 20... |
India-Russia oil trade: What is at stake? In order to shield the economy from the negative impact of the recent surge in , India is exploring the possibility of importing additional oil at discounted rates from Russia, which is facing sanctions and global backlash due to the Ukraine conflict. According to commodities d... |
year 2022-23 have been made with an assumption of crude oil price of $70 to $75 per barrel. Crude oil prices have surged due to the Russia-Ukraine conflict. It soared to near $140 a barrel earlier this month. Being a major importer India has to keep exploring competitive prices. A heavy discount offered by Russia is an... |
in 2018 entered into a $5.43 billion deal with Russia to buy S-400 defence system. The delivery of the missile system began in 2021. However, India needs to make a cautious move. The United States and other western allies are also crucially important. Also Read: |
Charting the global economy: 'Reglobalization' in the face of economic and geopolitical challenges Global central banks are pausing or nearing the end of their interest-rate hiking cycles as shows signs of slowing and recession concerns mount. Policymakers in Canada and Kazakhstan signaled they may soon hold steady, wh... |
Minister Viktor Orban and the central bank raised questions about economic policy. Consumer prices rose 22.5% in November from a year ago. US Producer prices rose in November by more than forecast, driven by services and underscoring the stickiness of inflationary pressures that supports Fed interest-rate increases int... |
Pakistan plans to procure Russian crude oil at USD 50 per barrel Cash-strapped is making concerted efforts to procure Russian crude oil at USD 50 per barrel, at least USD 10 per barrel less than the price cap imposed by the G7 countries due to 's invasion of , media reports said on Sunday. Crude oil is currently being ... |
Auto strikes to reduce US payrolls count in October Strikes by members of the ( ) union including against Detroit's could subtract at least 29,000 jobs from U.S. nonfarm payrolls in October, government data showed on Friday. The 's monthly strike report showed 25,300 workers were idle at assembly plants owned by Ford M... |
Ramesh Iyer on why second-hand car market may see a boom “Today, the pre-owned vehicles are not really very old vehicles. They are all three-year-old, two-year-old vehicles. Therefore they are all well maintained vehicles and therefore people do see it as a good buy so we definitely believe that the demand will hold on... |
go higher, the second hand finance rates also go higher; then comes the question of affordability. How sensitive is the second hand car market in terms of interest rate hike? One has to look at it as the gap between a new vehicle buying rate and the second hand vehicle buying rate. If the gap of interest rate today is ... |
Oil rises as supply concerns persist By Rowena Edwards LONDON: climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply. futures rose 85 cents, or 0.77%, to $111.75 per barrel by 1346 GM... |
Surging shipping costs give companies a sinking feeling The global shipping industry is facing a deja vu of the pandemic era, and its impact is cascading across sectors. Spot have soared around 105% in the past three months and a severe is hurting industries from agriculture to automotive. The has worsened supply chain... |
Furthermore, Ajay Sahai, director general, Federation of Indian Export Organisations (FIEO), said: "Because of the impact at sea, exporters, especially in fashion apparel, footwear and high value perishables are moving to air cargo." As a ripple effect, this is causing a demand-supply mismatch in the air cargo segment ... |
Repair or replace? Insurers in this country sending electric cars to junk yards due to mechanic shortage Electric car sales already are in a funk in key markets around the globe. Challenges finding enough repair technicians threatens to further stifle demand in the UK, where consumer uptake has stagnated for the better... |
and driving up ancillary costs like car rentals. When the settlement cost approaches or exceeds the value of the vehicle, the insurer will typically take ownership and either scrap it, break it up for parts, or fix and sell it again if the damage is minimal. UK auto dismantler Synetiq has seen a 55% increase in electri... |
Hyundai and Kia thefts keep rising despite security fix Nearly three months ago, and unveiled software that was designed to thwart an epidemic of thefts of their vehicles, caused by a security flaw that was exposed on TikTok and other social media sites. So far, it hasn't solved the problem. Across the country, thieves... |
with Hyundai saying it's reached 6,000 installations a day. The company says it's using direct mail, phone calls, digital advertising and social media to try to reach the affected owners. Ira Gabriel, a spokesman for Hyundai, said the company has tried to remove from social media the instructional videos that show how ... |
she had, Ellis said, she would have immediately taken it in to be fixed. She feels Hyundai should provide her with a new car to replace her stolen vehicle, "I feel like I should be compensated," she said. "It's been ruined because it's defective. And people know. It's a target." Even with a recall, not everyone takes a... |
GM offers 10% wage hike in contract talks that UAW calls 'insulting' on Thursday made a counterproposal to the union representing its U.S. hourly workers in a bid to avoid a costly strike, but United Auto Workers President called the offer "insulting." The largest U.S. automaker said it offered workers a 10% wage hike ... |
Last week, the UAW filed unfair labor practice charges with the National Labor Relations Board against GM and Stellantis saying they refused to bargain in good faith. J.P.Morgan on Thursday said supply chain disruptions from a potential UAW strike would cut new vehicle production, drive up used car prices and put press... |
How to get different insurance policies in exports One thing the pandemic has taught everyone is uncertainty. This has given added importance to the businesses of insurance. Further, looking at the global supply chain disruption, it is now a must for exporters to make sure they mitigate the consequences of delays and b... |
policy covers the loss or damage to property caused due to natural disasters such as cyclones, earthquakes or lightning. It also covers man-made disasters such as theft, violence, and piracy of ships, collision, overturning, or derailment of land conveyance and sinking or stranding of ships. In terms of limitations, ma... |
Vehicle sales grow 20% to 15.58 lakh units in Nov, high interest rates cause concern: SIAM New Delhi: Automobile wholesales during November 2022 was up 19.8% to 15,58,145 units and the year-on-year sales were in green across the segments, according to the latest data by the industry body SIAM ( ). In November 2021, the... |
Ola Electric raises INR 2,763 crore from marquee anchor investors ahead of IPO Leading electric two-wheeler maker has raised INR 2,763 crore from marquee ahead of its issue opening tomorrow. The company allotted 36.35 crore shares to various domestic and foreign institutions at INR 76 apiece, which is the upper price b... |
Droom to invest Rs 500 to 600 crore for inorganic opportunities, eyes 5-6 acquisitions in 2 years , a provider of the technology platform for , is scouting for five to six acquisitions in the next two years to attain an internal target of $18 billion of Gross Merchandise Value (GMV) in the next five years. Gurugram-bas... |
Steelbird sells 80 lakh helmets globally in 2023 New Delhi: , a leading helmet manufacturing company, has sold 77,99,273 helmets globally in CY 2023 and become the world's largest helmet producer. The company aims to produce 10 million helmets in 2024. It has also sold 3,44,865 side boxes in 2023. Its total revenue in ... |
Auto component industry looks to maintain double-digit sales growth this fiscal New Delhi: The expects to maintain double-digit sales growth in the current fiscal after having reported its highest-ever turnover in FY22, with demand expected to remain robust. As per the (ACMA), the sector reported a turnover of Rs 4.2 l... |
once again commenced, aiding fresh hiring in the sector. Elaborating on the sector's performance in FY22, ACMA Director General Vinnie Mehta said significant growth was witnessed across all segments, including supply to OEMs, exports as also the aftermarket. "Whilst the automotive value-chain faced significant disrupti... |
16,755 e-challans worth INR 9.49 crore issued through e-detection system at toll plazas in Bihar The and traffic police have issued over 16,700 worth INR 9.49 crore in a week through installed in 13 toll plazas in the state for violation of , officials said. Out of 16,755 e-challans issued by the authorities, 9,676 bel... |
Indian shares may open higher as US inflation data eases rate hike fears Indian shares are expected to open higher on Friday, in line with Asian peers as cooling U.S. fuelled hopes that aggressive Federal Reserve rate stance might begin to ease. India's , listed on the Singapore exchange , were up 1.6 at 0148 GMT. The ... |
eBikeGo to launch e-bike Transil e1 at INR 44,999; pre-bookings to begin shortly New Delhi: , India's leading mobility platform is entering into the with their new product Transil e1. Transil is the B2C vertical of eBikeGo which aims to produce modern, effective and sustainable consumer products. All the innovative of ... |
e1 tyre is 27.51.95 and it’s a high-performance tyre. It is also equipped with high-performance disc brakes. Its efficient suspension offers a smoother ride and the saddle is quick release and adjustable. “We are extremely delighted and excited to announce the launch of Transil e1, our latest innovation in the fitness ... |
Ola’s India Mobility business turns profitable in FY23, aims to serve 1 bn customers New Delhi: The India Mobility Business of has turned EBITDA positive in FY 23. The company said , CEO of Mobility, is leading its mobility business, with focus on ride-hailing, financial services, logistics, and e-commerce. With a visi... |
India Mobility business) total revenue has gone up by 48% in FY 23 to INR 2135 crore from INR 1350 crore in FY 22. Total revenue includes revenue from operations and other income. ANI Technologies Standalone (Ola’s India Mobility Business) clocked standalone revenue of INR 2,135 crore and segment-adjusted EBITDA of INR... |
Odisha has 70% uninsured 2-wheelers, 80% LMVs and 40% commercial vehicles BHUBANESWAR: The law mandates compulsory insurance for all types of motor vehicles plying on roads. However, about 70% of the total and 80% of (LMV) in Odisha have been running uninsured, revealed the data shared by the commerce and transport dep... |
Most midsize SUVs perform well in new side impact test: IIHS New Delhi: More than half the tested earned good ratings in the Insurance Institute for Highway Safety’s ( ) new side-impact evaluation, the vehicle rating agency has reported. Ten out of 18 midsize , the Ford Explorer, Infiniti QX60, Lincoln Aviator, Mazda C... |
3,300 pounds, the new one weighs around 4,200 pounds, which approximates the weight of most modern midsize SUVs. Instead of striking the test vehicle at 31 mph, it hits it at 37 mph. Together, those changes mean the crash produces 82% more energy. The honeycomb striking surface of the new barrier also has a different d... |
Motor covers to drive market share growth for Tata AIG General Insurance aims to double its market share to achieve a leadership position in the non-life industry, which is expected to grow four times by 2030 to INR 10 lakh crore, the company's MD & CEO said. One of the growth drivers will be an increase in the penetra... |
Ford has big goals for software sales to small business truck fleets HomeTown Services, a heating and cooling repair company in Tulsa, Oklahoma, is getting ready to install driver monitoring cameras in some of its trucks, and already uses streamed data to remind drivers not to sit too long in idle vehicles, wasting gas... |
FORD'S FERRARI While Farley sees big dollars, investors so far have not boosted Ford's share valuation to anywhere near Tesla's level. The Silicon Valley electric vehicle company is worth more than 10 times Ford's market capitalization. Morgan Stanley analyst Adam Jonas has called Ford Pro "Ford's 'Ferrari.'" But he al... |
India, World Bank looking to spur lending for electric vehicles India’s government and the World Bank are in talks to introduce a risk-sharing mechanism to compensate banks giving loans for electric vehicle purchases, an official said, as the country seeks to decarbonize the . The risk instrument will help banks hedge ... |
Why India ramped up Russian oil imports, easing pressure on Moscow NEW DELHI - Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for its aggression. have done the opposite, snapping up more Russian crude while the governmen... |
Singh Puri often blames OPEC for holding barrels back from the market, and said high prices were not good for producers or consumers. "We have to look after our own interests," Puri said last month. U.S. President Joe Biden has described India's energy policy response to the Ukraine crisis as "somewhat shaky". Indian o... |
further as insurance and freight costs to move Russian oil had risen significantly. "If Middle Eastern producers reduce official prices for their crude, then we may have to rethink purchases of Russian oil," one said. Saudi Arabia raised crude prices to Asian buyers to near record levels this month. A possible cap on h... |
Freight rates set to flare up as shipping lines avoid Red Sea The recent attacks on ships and the decision of major shipping companies to use the Black Sea route is expected to significantly impact Indian trade as could see a sharp increase as vessels will take 15 more days to travel to , resulting in container supply ... |
Status of Uber, Lyft gig workers hinges on Massachusetts court fight has become the latest front in a years-long battle in the United States over whether ride-share drivers for should be treated as independent contractors or employees entitled to benefits and wage protections. The state's top court is set to hear argum... |
drivers as independent contractors with some benefits. Litigation challenging that measure is ongoing. Fights over the rights of drivers have played out elsewhere. In New York, for example, Uber and Lyft in November struck a USD 328 million deal with the state's Democratic attorney general to resolve claims that they c... |
BLive unveils EV rental program for last-mile delivery operators New Delhi: , a leading e-mobility platform, has launched its pioneering BLive EZY . This program is specifically designed for last-mile mobility partners and aims to bridge the financial gaps that delivery riders face when transitioning to electric vehicl... |
Ownership at the end: Own the EV at the end of the tenure. Expansion and future plans: The BLive EZY EV Rental Program has already launched operations in five cities: Bangalore, Chennai, Hyderabad, Ahmedabad, and Goa, deploying over 200 EVs to last-mile delivery riders. BLive plans to deploy 10,000 EVs in the next 12 m... |
Tesla mulls exporting China-made EVs to United States is considering exporting made-in-China to the United States, two people with knowledge of the planning told Reuters, a reversal that would reflect the automaker's deepening cost advantage at its and slower demand from Chinese consumers. Tesla has been studying wheth... |
ramping up production at a plant it opened in Berlin earlier this year. Output from the Berlin plant will reduce the need for some exports from China, one of the sources said. At the same time, the price gap between Tesla cars sold in China and the United States has been widening, reflecting both higher U.S. prices and... |
Tesla, Elon Musk welcome to India but only as per govt policies: Union minister and are welcome to but the government will not compromise in any way on the policy of Aatmanirbhar Bharat or self-reliant India, Union minister said on Saturday. American electric carmaker Tesla, which has been seeking reduction in import d... |
Contract manufacturing: The next wave of disruption in EV production Close on the heels of FoxConn making the India Electric Vehicle (EV) space its playground, a smaller domestic hexagenarian inked its largest EV deal to kick off 2023. This was Chennai-based Sundram Fasteners which won a USD 250m contract for supply of... |
checks, supply delays where the CM doesn't exclusively work with one OEM, unwanted proprietary and competitive information disclosures, and such. Watertight paperwork enshrining the rights and duties of the OEMs and the CMs is, therefore, imperative. A variety of commercial relationships exist today between OEMs and CM... |
India on cusp of FDI flood, Bajaj Finserv Chair says in Davos Another five years of a majority government in India could usher in a flood of foreign direct investment ( ), and Managing Director told Reuters at the World Economic Forum annual meeting on Monday. "Ten years of this growth we have seen, at least another fi... |
curbs to a small part of the company's lending business, which Bajaj said the company is in the process of complying with. "It is important because if you're slipping up somewhere small, tomorrow it could be somewhere big, so we have to make sure that we get stronger and stronger on our compliance side as well, as we'r... |
Kia India launches ‘Kia Lease’ with Orix Auto New Delhi: , one of the leading carmakers, signed a Memorandum of Understanding (MoU) with Auto Infrastructure Services Limited to launch new ownership experience program - ' '. This move aims to enhance brand accessibility and offer customers another option to enjoy Kia wi... |
Red Sea crisis continues; adverse impact on trade data will be visible in new fiscal: GTRI New Delhi: With escalating everyday attacks and no end in sight, the will adversely impact trade volumes in substantial ways in 2024, according to the report of economic think tank . The (GTRI) said that rising shipping, and insu... |
affected by trade disruptions. It added that the crisis underscores how geopolitical conflicts can swiftly destabilise global shipping routes, leading to increased shipping costs and significant delays across multiple sectors and regions. '"The crisis also underscores the importance of exploring alternative maritime an... |
Tesla to deliver strong Q1 retail sales in China is poised to report one of its best quarters in , the latest retail sales data showed, after becoming the first electric vehicle maker in the country to cut prices in a bid to defend its market share. The U.S. 's retail sales in China totaled 106,915 units from Jan. 1 to... |
Indian auto industry is in top gear in FY23: ICRA report CHENNAI: India’s industry is expected to end FY2023 with a 21%-24% jump in sales and should clock between 6% and 9% increase in FY2024 as well, said a latest report by . Even , which struggled in the first half of FY2022-23, are expected to end FY23 with 9%-12% g... |
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