Indian auto component exporters may suffer a hit of 2,700 crore to 4,500 crore on their earnings after the imposition of steep US tariffs on key automotive parts, credit rating agency ICRA said in a note on Monday. The new 25 per cent tariff on engines, transmission, electrical components, and other auto parts may moderate the overall auto component industry's revenue growth to 6-8 per cent in 2025-26 (FY26), down from an earlier projection of 8-10 per cent.
Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.
Rajesh Karkera/Rediff.com takes the latest offering from the Mahindra stable for a spin.
The company also said the falling sales of General Motors India, the wholly-owned subsidiary of the US firm, were mainly because of customers' perception on the months-long uncertainty over the future of GM, which finally filed for bankruptcy protection in a New York Court on Monday.
Hyundai Motor India Limited plans to set up its own facility at the Chennai port for parking its vehicles for shipment, a top Hyundai official said on Wednesday.
Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.
A day after the Indian Space Research Organisation highlighted India's scientific capability by placing the spaceship, Mangalyaan, in orbit around Mars, another milestone in indigenous design was celebrated in New Delhi on September 25: The 50th anniversary of the Directorate of Naval Design.
The Volvo S60 Cross Country is a very capable car that can be handled across all weather and terrain conditions, says P Tharyan.
Our large military requirements make for an enormous buyer's leverage, which the defence ministry fritters away in piecemeal purchases
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