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BYD and other Chinese Manufacturers Reportedly Looking to Double Overseas Capacity
Amidst the ever growing competition in China, Companies like BYD and other manufacturers are investing heavily in European plants.
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Qualcomm, Alphabet Team Up for Automotive AI; Mercedes Inks Chip Deal
On Tuesday, Qualcomm said it is working with Google to create a version of the company's Android Automotive OS that will run smoothly on Qualcomm chips.
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India, US Sign Pact to Cooperate on Critical Battery Mineral Supply Chains
Indian Trade Minister Piyush Goyal and US Commerce Secretary Gina Raimondo have signed an MoU for the supply of lithium, cobalt and other critical minerals used in electric vehicles and clean energy applications.
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Auto Industry Should Prioritise After-Sales Service, Quality Assurance: Nitin Gadkari
Nitin Gadkari says that it is critical for the sector to innovate, especially in areas like customer service, after-sales and quality assurance.
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Mahindra Group May Join Hands With Global Players For Cell Production In India: MD Anish Shah
Mahindra Group plans to pump in Rs 37,000 crore over the next three years across business verticals with a major portion earmarked for the auto sector to introduce 23 new vehicles.
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Centre to Draft New Policy to Attract EV Manufacturers, Bring Investment: Piyush Goyal
India will come up with new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, commerce minister Piyush Goyal said on Wednesday. Asked about the government's plans, Goyal said consultation on the new policy will be held with the industry.
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India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
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Explained: Impact Of New GST Rules On Online Gaming, Auto Sector, Cinema
The GST Council has announced that the bets placed in online gaming and casinos will now face 28 per cent tax.
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EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
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Sensex Falls Over 800 Points Dragged By Selloffs In Financial Stocks
Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.
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Infosys President Mohit Joshi Resigns From Post; to Join Tech Mahindra as CEO, MD
IT company Tech Mahindra on Saturday announced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the charge from C P Gurnani after his retirement on December 19 this year. Joshi will replace Gurnani who has been one of the longest serving chief executive officers of the Indian IT sector.
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Budget 2023: Centre Likely To Extend Incentives Scheme To More Sectors
The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, and textiles.
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Auto Industry May Grow At High Single-Digit Rates In Fiscal 2024: Report
The domestic automotive industry has seen a healthy revival in the current fiscal, aided by a recovery in economic activities and increased mobility, and is expected to grow at high single-digit levels across segments in FY24, a report said on Wednesday.
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"Can't Grow An Automobile Industry With 50% Taxation": Maruti Chairman RC Bhargava
The auto sector continues to be heavily taxed, which in a way has affected the growth of the industry, according to Maruti Suzuki India Chairman RC Bhargava, speaking at an event in New Delhi.
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Auto Sector Gets Diwali Boost, Retail Sales Grow 28% Year-On-Year
Total vehicle retail sales were 28 per cent higher year-on-year during this year's over the month-long festival season.
-
BYD and other Chinese Manufacturers Reportedly Looking to Double Overseas Capacity
Amidst the ever growing competition in China, Companies like BYD and other manufacturers are investing heavily in European plants.
-
Qualcomm, Alphabet Team Up for Automotive AI; Mercedes Inks Chip Deal
On Tuesday, Qualcomm said it is working with Google to create a version of the company's Android Automotive OS that will run smoothly on Qualcomm chips.
-
India, US Sign Pact to Cooperate on Critical Battery Mineral Supply Chains
Indian Trade Minister Piyush Goyal and US Commerce Secretary Gina Raimondo have signed an MoU for the supply of lithium, cobalt and other critical minerals used in electric vehicles and clean energy applications.
-
Auto Industry Should Prioritise After-Sales Service, Quality Assurance: Nitin Gadkari
Nitin Gadkari says that it is critical for the sector to innovate, especially in areas like customer service, after-sales and quality assurance.
-
Mahindra Group May Join Hands With Global Players For Cell Production In India: MD Anish Shah
Mahindra Group plans to pump in Rs 37,000 crore over the next three years across business verticals with a major portion earmarked for the auto sector to introduce 23 new vehicles.
-
Centre to Draft New Policy to Attract EV Manufacturers, Bring Investment: Piyush Goyal
India will come up with new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, commerce minister Piyush Goyal said on Wednesday. Asked about the government's plans, Goyal said consultation on the new policy will be held with the industry.
-
India Electric Mobility Council Urges Government to Continue EV Sector Incentives, Warns Impact on Sales
Industry body IEMC on Thursday demanded the continuation of incentives given to the electric vehicle sector and cautioned that the withdrawal of sops would reduce EV sales to 37 million units by 2030 from an estimated 125 million.
-
Explained: Impact Of New GST Rules On Online Gaming, Auto Sector, Cinema
The GST Council has announced that the bets placed in online gaming and casinos will now face 28 per cent tax.
-
EV Makers Body Writes to NGT for Green Tax on Fuel-Based 2-Wheelers
Society of Manufacturers of Electric Vehicles on Tuesday said it has petitioned the National Green Tribunal (NGT) expressing concerns against the government's move to cut FAME II subsidy and support a 'Green Tax' on fuel-based two-wheelers. The Ministry of Heavy Industries' latest decision to cut down FAME II subsidies is likely to disrupt India's ...
-
Sensex Falls Over 800 Points Dragged By Selloffs In Financial Stocks
Bank stocks dropped 2.1%, while public sector banks fell 2.3%. Auto companies lost 2.2%.
-
Infosys President Mohit Joshi Resigns From Post; to Join Tech Mahindra as CEO, MD
IT company Tech Mahindra on Saturday announced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the charge from C P Gurnani after his retirement on December 19 this year. Joshi will replace Gurnani who has been one of the longest serving chief executive officers of the Indian IT sector.
-
Budget 2023: Centre Likely To Extend Incentives Scheme To More Sectors
The government has already rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, and textiles.
-
Auto Industry May Grow At High Single-Digit Rates In Fiscal 2024: Report
The domestic automotive industry has seen a healthy revival in the current fiscal, aided by a recovery in economic activities and increased mobility, and is expected to grow at high single-digit levels across segments in FY24, a report said on Wednesday.
-
"Can't Grow An Automobile Industry With 50% Taxation": Maruti Chairman RC Bhargava
The auto sector continues to be heavily taxed, which in a way has affected the growth of the industry, according to Maruti Suzuki India Chairman RC Bhargava, speaking at an event in New Delhi.
-
Auto Sector Gets Diwali Boost, Retail Sales Grow 28% Year-On-Year
Total vehicle retail sales were 28 per cent higher year-on-year during this year's over the month-long festival season.
