Regulations, policies, technological disruptions and NBFC crisis – have come at the same time to wreak havoc on the industry and hence everyone is clueless about the recovery in demand. According to the latest statistics of Society of Indian Automobile Manufacturers (SIAM), passenger vehicle sales reported a decline of 31 per
Autonomous Vehicles (AVs) constitute the next generation of Electric Vehicles (EVs). Europe and the USA have increased their interest in autonomous vehicles. Basically an extension to EVs, this attracted attention primarily to cut down on accidents. Collateral benefits relate to ease-of-parking, growth of shared mobility and eventually less traffic, reduced cost
China is setting its sights on enormous opportunities for the export of EVs. Indian leadership doesn’t seem to be fired equally with an urge to leapfrog into the EV technology and fight for space for global leadership. A friend from Japan pointed to widespread interest in Japan switching to hybrid and
The reason for the surprise announcement of Vinod Dasari in November last on quitting Ashok Leyland (AL) is now clear: Royal Enfield appointing him as CEO and his joining Eicher Motors, the parent body of Enfield, as Executive Director. Dasari joined AL in 2005 and succeeded R Seshasayee as Managing Director
The best endorsements for the attraction for investments in Tamil Nadu have come from several large companies. The Korean Hyundai Motors and the French Saint Gobain have been making repeated investments of sizeable amounts for expanding their operations. B C Datta, Vice President – Corporate Affairs, Hyundai Motor India Ltd,
Improved margins for SAIL The persistent strategic approach helped SAIL to strengthen the EBIDTA to Rs.5184 crore in 2017-18, a substantial increase over 2016-17, said Saraswati Prasad, CMD, SAIL. SAIL achieved its highest ever production of hot metal of 15.983 MT, crude steel of 15.021 MT and saleable steel of 14.071 MT.
Post-liberalisation, states were aggressive in attracting mega investments. There was also the prospect for setting up ancillary units. There were intense competition and race-to-the-bottom incentive wars. In the automobile sector Maharashtra, Haryana and Tamil Nadu indulged in such competition. Maharashtra, the leader, was among the first to offer complete exemption from