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.
Pune (Maharashtra) [India], May 2: One of the worlds leading suppliers of pumps, valves and systems KSB limited have announced their Q1 results and it is remarkable in terms of sustained growth and stability .The Sales value for Q1 2025 is registered at INR 595 crores which is about a 9.4% i
As more consumers in India opt for higher-end vehicles and premium features (like sunroofs, ADAS, etc.), the demand for advanced and higher-value auto components will see a sustained growth, said a report by Ambit Capital.
"You should see your supply chains. Wherever there is an Indian supply, you will give preference to that Indian supply, and not conveniently import your requirements to the detriment of some other Indian company or manufacturer," the minister said.
The 12 per cent safeguard duty imposed by India on certain categories of steel product imports is expected to halt most imports, effectively forcing buyers to shift to domestic suppliers, says a study by Global Trade Research Initiative (GTRI).
The Commerce and Industry Minister Piyush Goyal called on Indian businesses to embrace "economic nationalism" by supporting domestic suppliers rather than opting for marginally cheaper imports.
Speaking at FICCI's 98th Foundation Day celebrations in Mumbai, Minister Goyal invoked Mahatma Gandhi's nationalist ethos, urging India's industrial leaders to prioritise domestic value chains even when foreign alternatives appear more economical in the short term. He cited examples of Japan
Gurugram (Haryana) [India], April 7: Procol, an AI-based procurement platform that automates processes and optimizes spending, announced the launch of its next-generation AI Agents - a powerful suite of intelligent, autonomous tools designed to automate and optimize the procurement lifecycle
Delhi Police's Narcotics Squad has apprehended two interstate drug suppliers and seized 9.350 kilograms of ganja valued at approximately Rs 4.5 lakh. The accused have been identified as Rakesh (46) and Nitesh Nanda (34).
New Delhi [India], March 31: The Belgian Meat Office is pleased to announce the third consecutive year of "The Art of European Pork" campaign in India, cultivating stronger relationships with key Indian trade professionals and showcasing the superior quality of European-Belgian pork. The cam
Shifting the strategy from broad enforcement to precision strikes against big fish as part of the ongoing war against drugs 'Yudh Nashian Virudh' campaign was launched on the directions of Chief Minister Bhagwant Singh Mann and Director General of Police (DGP) Gaurav Yadav on Tuesday.
Sikorski stated on Sunday that Poland will look for alternative suppliers if SpaceX turns out to be an unreliable provider of Starlink satellite internet for Ukraine, as per The Kyiv Independent.