Mahindra & Mahindra on Thursday said its total wholesales increased 13 per cent year-on-year to 70,471 units in April as compared to the same month last year. The company’s total dispatches to its dealers stood at 62,294 units in April 2023. The Mumbai-based auto major’s passenger vehicle sales in the domestic market rose 18 per … Read more
Walter Ladwig, a senior international-relations lecturer at King’s College London, called the missile sale a “very interesting development” given India’s traditional lack of a strong relationship with the Philippines. “This is part of a clear push by India to expand its defence cooperation with Southeast Asian countries beyond its usual partners, Vietnam and Singapore,” Ladwig, … Read more
Honda Motorcycle and Scooter India on Tuesday reported an 81 per cent year-on-year jump in domestic wholesales at 3,58,151 units in March. The company had dispatched 1,97,542 units to its dealers in March 2023. Exports increased 95 per cent to 28,304 units last month from 14,460 units in March 2023, Honda Motorcycle & Scooter India … Read more
Hyundai Motor India on Friday said it has reported a 4.5 per cent year-on-year increase in total sales at 60,501 units in February. The company sold a total of 57,851 units in February 2023, Hyundai Motor India Ltd (HMIL) said in a statement. Domestic dispatch of vehicles to dealers saw an increase of 7 per … Read more
Those disruptions have caused carmakers Tesla and Volvo to suspend some production in Europe due to a shortage of components. Without a resolution to the crisis in sight, it is now likely to affect manufacturers in other sectors as well, executives say. If manufacturers are unable to get the key components they need, then “they … Read more
Annual revenue growth of leading auto component manufacturing companies will come down to 5-7 per cent in the next fiscal due to moderation in domestic volumes and a drop in exports, rating firm Icra said on Tuesday. According to Icra estimates, its sample of 45 auto ancillaries, with aggregate annual revenues of Rs 2.7 lakh … Read more
Beijing cited national security concerns in requiring Chinese exporters of gallium and germanium from August to obtain licenses from the government and share information on their overseas clients and the commodity’s intended use. Both metals and their chemical compounds are used to make advanced chips, telecommunications equipment and electric vehicles. China is the world’s largest … Read more
Maruti Suzuki India’s total vehicle sales, including exports, increased 5 per cent at 1,99,364 units in January from 1,72,535 units in the same month last year, the company said in a statement on Thursday. This was the highest-ever monthly sales volume for the Gurugram-based car maker, as per the statement. The total domestic sales grew … Read more
The European Commission will set out plans on Wednesday to bolster the European Union’s economic security through closer scrutiny of foreign investment and tighter controls on exports and outflows of technologies to rivals such as China. The EU executive will present a broad document for debate along with a proposed new law that will require … Read more
Regardless of who wins the January 13 election, Chen and other representatives of Taiwanese businesses – from fish farms to chemical manufacturers – say they are now clear-eyed about the need to minimise as much as possible their dependence on trade with mainland China as they expect more turbulence in cross-strait relations. Beijing’s dilemma if … Read more
