With higher tariffs on Chinese imports set to raise vehicle prices in the US, global automakers are likely to turn to alternative suppliers like India, said Nomura in its latest report.
Leavitt said that Trump has not shifted his stance on Canada, and he still believes that Canada would greatly benefit from becoming the 51st state of the United States of America.
Speaking exclusively to ANI, Ajai Sahai, Director General and CEO of FIEO, said car exports to the US are insignificant, so it won't have much impact on Indian automakers.
The report cites four key reasons for restricted competition: a stringent electric vehicle (EV) policy, challenges in securing investment approvals for Chinese firms, a small EV market with just two per cent penetration, and the long product localisation cycle of two-four years for global
Wireless technology solutions provider Qualcomm Technologies and digital maps firm MapmyIndia on Friday announced a technology collaboration, aimed at developing telematics solutions tailored to the needs of Indian automakers.
India has enough potential for automakers, particularly because the car density here is about 35 per 1,000 people, said Hisashi Takeuchi, Managing Director and CEO.
Japanese companies are pulling back their investments from China, with capital investments declining for the seventh consecutive quarter. Major automakers like Nissan and Honda have shut down or scaled back production plants, while other manufacturers in the supply chain are also consolidati
The journey of shifting to electric mobility is not going to be easy for automakers as it is tough to generate profitable margins and get scale in the electric vehicles (EVs) segment, says a research report by Bernstein.
At the 64th Annual Convention of Society of Indian Automobile Manufacturers (SIAM) today, the industry focused on "Sustainable Mobility Journey towards Viksit Bharat" wherein prominent leaders and policymakers discussed the pivotal role of sustainable mobility in achieving Viksit Bharat g
Meanwhile, US President Biden has promised new measures to shield steel mills, automakers and other American companies against what he calls trade "cheating" by Beijing, according to the New York Times. The measures are expected to be announced early next week and will include tarrifs on Chi