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Sunday, November 3, 2024
TopicAuto Sector

Topic: Auto Sector

Auto sector expects vrooming festive sales, but high interest rates & poor monsoon could be dampeners

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.

Budget 2023: Green push for auto sector — funds for scrapping old govt vehicles, cheaper EVs

No import duty on machinery required to manufacture lithium-ion cells for batteries used in EVs, specific budgetary allocation for scrapping & replacing old govt vehicles.

After double digit growth in ‘best year ever’, Mercedes Benz to launch 10 models in India in 2023

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.

Why carmakers are shying away from Auto Expo 2023

There has been a gradual disinterest in large auto shows by carmakers across the world as the industry goes through a fundamental change.

Ukraine crisis gave auto sector a crude shock. See how India is responding

The PLI scheme as well as other sops for manufacturing, show that despite some public missteps, government is trying to coax manufacturing into India.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.