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India may gain from minimum 15% Corporate Tax Pact by G-7 Countries
News
  Jun 09, 2021

India may gain from minimum 15% Corporate Tax Pact by G-7 Countries

Experts feel that India is likely to benefit from the global minimum 15% corporate tax rate pact inked by the world's richest G-7 nations. It is a landmark step toward reforming the global tax system.

Government’s CESL ink MoUs to expand EV charging infrastructure
News
  Jun 08, 2021

Government’s CESL ink MoUs to expand EV charging infrastructure

Under these agreements, CESL and the private companies will jointly undertake the expansion and adoption of EV ecosystem.

Toyota may consider shifting EV production to US
News
  Jun 06, 2021

Toyota may consider shifting EV production to US

Toyota Motor Corp. may shift electric-vehicle production to the US if demand continues to grow, according to a top executive. The Japanese carmaker is joining peers in embracing the technology.

BorgWarner to supply Integrated Drive Module to Hyundai
News
  Jun 03, 2021

BorgWarner to supply Integrated Drive Module to Hyundai's A segment EVs

Overall drive system weight and space are reduced by integrating the gearbox, a 400V silicon inverter and the motor with a compact, 146mm stator outer diameter.

US manufacturing units experience strong demand but shortage of labour
News
  Jun 03, 2021

US manufacturing units experience strong demand but shortage of labour

As the economy reopens, the demand increases in the US manufacturing units but there is an acute shortage of labour and raw material. The suppliers are struggling to meet the growing demand.

Good News as Global Auto Industry Is Above Pre-Crisis Level
News
  Jun 01, 2021

Good News as Global Auto Industry Is Above Pre-Crisis Level

According to a study, the global automobile industry has been able to earn more operational money than before the corona crisis. Q1, 2021 seems to be favourable for the industry.

Two- & three-wheelers will take lead in electric mobility by 2025: ICRA
News
  May 28, 2021

Two- & three-wheelers will take lead in electric mobility by 2025: ICRA

As per ICRA, India can work on electrifying its two-and three-wheeler segment. This segment is favourable for the benefits of economies of scale due to the huge volume and total cost of ownership.

Second Covid wave adversely impacts auto industry in April 2021: Ind-Ra
News
  May 27, 2021

Second Covid wave adversely impacts auto industry in April 2021: Ind-Ra

The second covid wave has stalled the auto industry’s momentum recorded in 3Q-4QFY21, according to a recent report published by India Ratings and Research (Ind-Ra).

Auto financers at risk with borrowers’ cash and fleet utilisation falling
News
  May 27, 2021

Auto financers at risk with borrowers’ cash and fleet utilisation falling

There will be a material impact on vehicle financers’ asset quality due to the second covid wave, according to a report by India Ratings and Research (Ind-Ra).

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