Honda Cars India (HCIL) net profit dropped by 52.8 per cent year-on-year (Y-o-Y) to Rs 661.4 crore in 2023-24 (FY24), primarily due to deferred tax of Rs 359.8 crore, according to the annual results submitted to the Registrar of Companies (RoC) and reviewed by Business Standard. In FY24, the company's production increased by 16 per cent Y-o-Y to 134,807 units.
'Price competition is fierce, with many companies selling at zero margin.' 'This pricing pressure is challenging smaller companies and will likely drive some out of the market over time.'
Johnson, 56, a known cycling enthusiast, was seen riding on a Hero Viking Pro bike to Canalside Heritage Centre at Beeston in Nottingham, central England, on Tuesday when he unveiled plans for thousands of miles of new protected bike lanes, cycle training for everyone and bikes available on prescription as part of a new fitness strategy.
Up until recently, she was flying the MiG-21s and was recently posted to the LCA squadron deployed in Naliya air base in the Gujarat sector along the border with Pakistan.
'I can say with confidence that any future SARS-CoV-2 vaccine, developed anywhere in the world, would have to be manufactured in India, if it is to be affordable and of high quality.'
The gun is unique in its ability to fire a five-round burst, while no other contemporary The gun is unique in its ability to fire a five-round burst, while no other contemporary gun exceeds three-round bursts. This brings down a greater quantity of explosive onto the target before enemy soldiers can take cover
'We have loved Braveheart, Lord of the Rings, Game of Thrones and Apocalypto.' 'The thought was 'When are we going to do such films?''
The compact segment where Sonet will be launched is crowded with the Maruti Vitara and Brezza, which top the sales' list, and a bevy of models from Mahindra & Mahindra apart from Hyundai's offering. But volumes in this are slightly higher than those in the mid-segment, making it attractive, says Surajeet Das Gupta.
It is essentially a Christmas 'Made in India' that the western world is celebrating this year!
Tamil Nadu -- often dubbed as India's own Detroit due to its thriving automobile manufacturing ecosystem -- is in no mood to miss the EV bus either. Recent developments attest to it. Vietnamese electric vehicle (EV) maker VinFast has promised a $2 billion plant in the southern state. And as promised earlier, the work on Tata Motors-JLR plant will kick off next week, on September 28, after the foundation stone laying ceremony.
This is not the first EV that Mercedes would be making in India though. It has been making the EQS sedan here for the last 18 months, and has sold 500 units of the car.
Having marked a 20-year milestone in India, global tech giant Google is upbeat about its next innings here with Artificial Intelligence (AI) playing a big role in it, India MD Roma Datta Chobey said on Thursday, adding that the company is aligning its vision and strategy fully to the country's growth and ambitions. In an interview to PTI, Chobey said Google believes that AI should be regulated but in a way that strikes a fine balance between user benefit -- which is "still at a nascent stage" -- and at the same time, fosters innovation.
The country's largest car maker Maruti Suzuki India's 'completely made in India car' will hit the roads by 2012 and the company is likely to finalise the design within the next six months.
Due to the prevailing geopolitical situation, like-minded countries are collaborating with India to make it a major semiconductor manufacturing destination, a top Electronics and IT ministry official said on Sunday. In an interview with PTI, Ministry of Electronics and IT Secretary S Krishnan said pilot facilities of US storage semiconductor maker Micron and Tata Electronics have already rolled out chips, and their main plants in Gujarat will begin to produce made-in-India chips from the later part of 2025.
'No country can ever be free to make its choices and remain independent if it continues to wear borrowed plumes,' warn Lieutenant General Ashok Joshi (retd) and Colonel Anil A Athale (retd).
Projecting India as the land of biggest opportunities globally, Prime Minister Narendra Modi on Saturday promised the business sector facilitation, reforms, a stable policy regime and high growth. Addressing the ET World Leaders Forum, Modi, in turn, asked investors to commit to innovation, performance, positive disruption and high-quality products, as he stressed that the country respects wealth creators.
While the drive will help the domestic sector, it will also help the government ensure there are no cyber attacks from malware loaded on devices manufactured abroad.
'We can hope to see a lot of creation of jobs in the days to come.'
Industry estimates suggest that the extent of value addition in the handset space remains at a mere 10 per cent. That effectively means, value-wise 90 per cent of all components used in making a handset continues to be imported.
India's first indigenous aircraft carrier INS Vikrant, the largest and most complex warship to be built in the country, began its second set of trials on Sunday, October 24, ahead of its induction into the Indian Navy by August next year.
Maruti's exports are limited and mainly to countries in Africa and Latin America.
The entire engine, Agnilet, is one piece of hardware from start to finish and has zero assembled parts, reports T E Narasimhan.
'Will people who buy iPhones stop buying iPhones to help swadeshi models?' 'There should be some advantage for the consumer to make them buy a Made in India product.' 'Patriotism and nationalism are good words, but in business, it won't work.'
The tank, designed, developed, and manufactured by the Defence Research and Development Organisation's Combat Vehicles Research and Development Establishment and made in Tamil Nadu, will be used to protect northern borders.
As Kolkata marches towards modernity, it is hard to imagine its streets without these cabs, notes Air Commodore Nitin Sathe (retd).
Take this poll to vote for the most amazing bike made in India.
WHO has urged people at risk to keep up with their vaccinations with boosters.
Those Christy towels at Buckingham Palace will soon wear small tags proudly announcing these were "made in India." So will the official Christy towels at Wimbledon.
Dr Reddy's Laboratories Ltd expects the locally manufactured Russia's COVID-19 vaccine Sputnik V to be available from September-October period, a senior official of the city-based drug maker said.
The luxury car market leader will be producing the new-generation cars, sedans, SUVs, and AMG performance cars at one facility.
Currently, most of the mobile handsets sold in India are imported from China either fully built or in knocked-down versions.
Welspun India Ltd bought British towel manufacturer Christy in 2006. And since then they have been manufacturing all the towels for the tournament at their facility in Vapi, Gujarat.
Till recently, iPhone production in India was limited to older models at a lower price tag. So far, Apple has localised production of five smartphone models - iPhone SE (1st Gen), 6S, 7, XR and 11.
LinkedIn hopes to bring more first-time job seekers there, apart from technology talent from the smaller cities.
"INS Kiltan strengthens our defence system and will be a shining armour in our 'Make in India' programme," Sitharaman said.
In an interview to Geo TV, he said a "lot of things were going on behind the scenes."
The company has proposed to launch the 'made-in-India' car in the next three years. Given its nascent engineering strength, the Indian auto co is looking at existing platforms. The company will, therefore, save a fortune by not opting for a completely new car platform. Generally, the cost of developing a new platform constitutes a substantial part of the expenditure incurred on a new car's production.
'Taking serious note of the action by unscrupulous elements to malign the Indian generic pharma industry, the embassy of India, Beijing, has been requested to lodge a strong protest with concerned Chinese authorities and also to impress upon them to take stringent action against such unscrupulous elements,' a commerce ministry statement said in New Delhi.
The famous Swiss knives may soon be made in India with Sasana Enterprises, the Swiss knife-maker Victorinox's sole representative in the country, planning to put up a factory for kitchen knives.
The first 'Made In India' exhibition, showcasing the country's modern products and technologies, opened in the Myanmar capital on Thursday.
