SIAM to drive ‘Auto Expo 2020’ on Facebook family of apps

New Delhi, Jan 30 (IANS) The Society of Indian Automobile Manufacturers (SIAM) on Thursday announced a partnership with Facebook to promote Auto Expo 2020 via customized conversations on its family of apps including Instagram during the event from February 7-12. The partnership with Facebook will allow a larger audience to experience the latest from the… Continue reading SIAM to drive ‘Auto Expo 2020’ on Facebook family of apps

Don’t build in margin improvement in auto sector for next few quarters: Ajay Tyagi, UTI Mutual Fund

Given the macro environment and the expectations of the market, how important is this Budget?Quite frankly, the relevance of Budget has been reducing over the last decade. The presentation of the Budget no longer heralds big bang policy reforms. It is more of laying down the uses of funds and the sources of funds by… Continue reading Don’t build in margin improvement in auto sector for next few quarters: Ajay Tyagi, UTI Mutual Fund

Daimler CEO dismisses Mercedes F1 exit speculation

Mercedes has won the last six drivers’ and constructors’ championships in Formula One. Clive Mason/Getty Images3:18 PM ISTReuters and ESPNWorld champions Mercedes are not preparing to pull out of Formula One, Daimler Chief Executive Ola Kaellenius said on Wednesday.Autocar and the racefans.net website reported Wednesday that the subject of whether Mercedes should leave the sport as… Continue reading Daimler CEO dismisses Mercedes F1 exit speculation

Auto component industry to showcase EV tech in the upcoming show

As the automotive industry is facing significant disruptions due to the emergence of new technologies like electric, hybrid and connected vehicles, the members of Automotive Component Manufacturers Association (ACMA) will focus on showcasing new technology and and innovation at the upcoming Auto component expo. The theme for the upcoming show has been named ‘Technovation -… Continue reading Auto component industry to showcase EV tech in the upcoming show

Saif Ali Khan And Taimur Ditched Their Swanky Car For An Auto Rickshaw Ride; Here’s Why

Bollywood News Saif Ali Khan and Taimur Ali Khan have opted for an auto-rickshaw ride several times. Is it to dodge the paparazzi? The Jawaani Jaaneman actor reveals. Saif Ali Khan has quite an expensive taste when it comes to cars. The actor is known to own a huge collection of swanky, luxurious cars that… Continue reading Saif Ali Khan And Taimur Ditched Their Swanky Car For An Auto Rickshaw Ride; Here’s Why

Opinion: It’s your mobility versus mine

The pedestrians have to be taken of much before those on pedals are when creating the infrastructure to move. By Avik ChattopadhyayExclusion is fashionable these days. Seems the world is too small and precious to accommodate all of us, together.Gated condominiums have given way to communities and finally countries. Purity has transcended water and food… Continue reading Opinion: It’s your mobility versus mine

Fed meet outcome holds key on USD-EUR pair trade

Dharmesh BhatiaThe Euro has been all over the place during the trading sessions this week. The pair has remained in range of 1.1200-1.0800 as traders trying to peruse whether or not global demand is going to continue to slump, perhaps due to the coronavirus outbreak.All the more, Germany’s IFO Business Climate survey for January 2019… Continue reading Fed meet outcome holds key on USD-EUR pair trade

Sundram Fasteners sets up Rs 100 crore plant in AP; Q3 PAT falls 10%

The unit has been set up to manufacture and export high precision engineering components to a leading European manufacturer for onward supply to its global marquee OEM customers for their existing as well as new programs New Delhi: Auto component maker Sundram Fasteners has inaugurated a Rs 100 crore facility at SEZ Unit at Sri… Continue reading Sundram Fasteners sets up Rs 100 crore plant in AP; Q3 PAT falls 10%

Budget 2020: Steel industry looks for duty protection

While the steel industry may have its own demands and wishes from the upcoming Union Budget, it will be more than happy if Finance Minister Nirmala Sithraman instead focuses on two industries – auto and infrastructure.Both the sectors have been distress, and that has been a cause of worry for all steelmakers, including Tata Steel… Continue reading Budget 2020: Steel industry looks for duty protection

Auto industry expects GST cut, scrappage policy, other incentives from the Budget

Finance minister Nirmala Sitharaman’s second Budget is crucial for the slowdown-hit auto industry, which reported its worst-ever sales drop in two decades last year. The auto industry which contributes more than 7% to the country’s gross domestic product (GDP) is in the grip of a slowdown due to various reasons, including increasing cost of ownership,… Continue reading Auto industry expects GST cut, scrappage policy, other incentives from the Budget