Engineering exports rise 10.27% in June propped by equipment, autos, auto elements, iron & metal merchandise

Engineering exports gathered tempo in June 2024 rising 10.27 per cent (year-on-year) to $9.39 billion with an increase in shipments {of electrical} equipment, motor autos, merchandise of iron and metal, auto elements and elements, and Industrial equipment, based on an evaluation finished by trade physique EEPC India. “After beginning the brand new fiscal with a … Read more

Tesla in talks with Reliance to arrange EV manufacturing arm in India

Tesla could also be scouting for an area associate to arrange its operations in India. Extremely positioned sources say the US electrical autos main is in talks with Reliance Industries for a potential three way partnership to construct the manufacturing facility within the nation. Additionally learn:Tesla electrical autos entry into India might be “pure development”, … Read more

Finmin units timeline to scrap automobiles below new pointers; to profit auto cos like Maruti Suzuki, Tata Motors

The Finance Ministry has fastened a timeline for scrapping varied forms of automobiles and inserting recent orders. This is part of new pointers to jot down off losses below revised Delegation of Monetary Energy Guidelines (DOFR). These guidelines have set the edge for writing off losses in case of theft, fraud, and so forth. Additionally … Read more