The world’s two biggest automakers — each sold roughly 10 or 11 cars for every one Tesla did last year — realize the age of EV is here and are gaming out how to stay on top.
Toyota outperformed Volkswagen AG in 2020, a painful year for automakers that saw industry-wide factory and showroom shutdowns, dragging sales down 14% from 2019.
Workers at car maker’s plant in Bidadi allege ‘inhuman working conditions and harassment’, company calls strike ‘illegal’. State govt tries to break impasse.
India must break out of this vicious cycle of high taxes, low consumer demand, constrained investment & job creation, and insufficient wage incomes to boost purchasing power.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
COMMENTS