Tag Archives: Industry

E-vehicles industry to create 10 million jobs in future: report

India has chalked a plan to aid its electric mobility mission by creating a specialised workforce. The blueprint aims at generating 10 million jobs. The Ministry of Skill Development and Entrepreneurship is in the process of preparing the programme to provide adequate manpower to the electric mobility industry. The strategy includes creating a skilled and trained workforce which has an ... Read More »

Your New Car Is A Hacker Magnet — Automotive Industry Disconnect To Blame

The car that you drive today is a far cry from those of just a decade ago and in many ways is now an internet-connected computer on wheels. This push towards connectivity and smart-motoring has seen the automotive manufacturing industry shift towards becoming as much about software as they are transportation. And that means it faces much the same security ... Read More »

How CARS24 is shaking up the used car industry in India through technology innovation

The used car market in India is growing at a phenomenal pace and due to shorter car ownership periods, price value quotient, penetration in smaller towns, demand for used luxury cars, and reduced customer anxiety towards pre-owned car segment, it is turning out to be bigger than the new car market As per the data by SIAM released in 2018, ... Read More »

Electric Vehicle Boom Could Spell Demise for Japan’s Leading Industry

As the largest automotive market in the world, China is dictating a lot of the moves automakers are making. The massive country is currently in the midst of attempting to clean its air in a radical way, eliminating the sale of cars with internal combustion engines by 2040. It’s a drastic move that’s sent every automaker scrambling to have well-defined lineups ... Read More »

California Inc.: Car industry is rolling into town with L.A. auto shows

The auto industry is coming to town. AutoMobility L.A. will run Monday through Thursday at the Los Angeles Convention Center, followed by the L.A. Car Show at the same venue. (Los Angeles Times) Welcome to California Inc., the weekly newsletter of the L.A. Times Business Section. I’m Business columnist David Lazarus, and here’s a rundown of upcoming stories this week and the ... Read More »

Auto Industry Disappointed With Additional Cess On Larger Cars, SUVs

The Indian auto industry is disappointed with the Union Cabinet’s decision for an ordinance to increase the Goods and Service Tax (GST) cess on mid-range, large cars and SUVs from the current 15 per cent right now to 25 per cent. The government ordinance will need to be cleared by the President, but looks like the 25 per cent tax ... Read More »

A German bike company could turn the entire industry on its head

No industry has been entirely immune from the disruption brought on by online shopping. But so far, the high-end bicycle business has mostly remained in brick-and-mortar bike shops. This week, however, an anticipated direct-to-consumer bike brand from Germany called Canyon comes to the U.S., a move that may have a marked effect on the industry. The main players in the bike ... Read More »

China’s used cars put a dent in global industry

Traffic in Taiyuan, China. The country’s used car market is poised for growth, meaning fewer sales of new cars for foreign manufacturers © Bloomberg China’s car market has been key to the recovery in global auto sales growth since 2009, as the chart below shows. Its passenger car sales in the first half of each year have risen threefold between ... Read More »

GST Rate on Used Cars: Creating An Unintended Challenge for the Automotive Industry

Watching the proceedings in the central hall of the Parliament last night, one couldn’t help but feel the significance of the moment. We saw history in the making, no doubt, and a strong signal to the world that Indian reforms are well on their way. A transformation of this scale and scope is undoubtedly complex and will also be accompanied ... Read More »

Apple Officials Said to Have Met Commerce and Industry Minister Nirmala Sitharaman

Senior officials of the US-based iPhone maker Apple on Tuesday called upon Commerce and Industry Minister Nirmala Sitharaman. The meeting assumes significance as the technology giant is seeking concessions like duty exemptions to set up its manufacturing unit in India. “The meeting lasted for 40 minutes. There were three officials from the company, including the company’s Global Vice President Priya ... Read More »