At least 20 auto companies have written to Maharashtra govt, seeking creation of special cell to address infra issues they say are hampering productivity, forcing them to shift base to other states.
Uno Minda closed the last financial year ending March with consolidated revenues of close to Rs 20,000 crore, and has 37,000 employees working across 75 manufacturing facilities.
Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.
According to experts, fresh demand & healthy stocks at dealerships now driving up sales. This year, industry expects to sell over one million units — its highest in festival season.
Industry body Society of Indian Automobile Manufacturers says 'it sees no reason why' entry-level car segment — which has shrunk due to rising prices — will not see 'sudden' revival in demand.
The top-end vehicles segment of the German carmaker saw the highest growth of 69% in 2022 when the company sold over 3,500 cars priced above Rs 1 crore.
The auto industry expects 2023 to see sales grow by up to 7.5% for passenger vehicles over the levels seen in 2022, which itself was a record high for the segment.
What if there's an accident and there's no driver involved? Self-driving car safety standards are instituted in a patchwork fashion with little consensus.
Repeated changes in cotton import duty have prioritised textile competitiveness when mills face high input costs. But policy can also put pressure on farmgate prices.
COMMENTS