automobile industry Archives

FDI equity inflows decline 15% to .75 bn in April-December FY23

FDI equity inflows decline 15% to $36.75 bn in April-December FY23

February 22, 2023February 22, 2023cpooldigitalLeave a Comment

The computer software and hardware sector attracted the highest inflows of $8 billion during the nine-month period of this fiscal Foreign direct investment (FDI) into India declined by 15% to $36.75 billion during the April-December this fiscal, according to the latest Department for Promotion of Industry and Internal Trade data. The FDI inflows stood at […]

Morning Digest | September 16, 2022

September 16, 2022September 16, 2022cpooldigitalLeave a Comment

PM Modi arrives in Samarkand for Shanghai Cooperation Organisation meeting, skips photo ops Mr. Modi was the last of the leaders of eight SCO members and seven invitees to arrive in Samarkand, and missed both the Pre-Summit dinner hosted by Uzbekistan President Shovkat Mirziyoyev and tree-planting ceremony that all the leaders other than President Xi undertook, […]

New momentum of auto industry’s innovation for greener alternatives need of the hour: PM Modi

September 15, 2022September 15, 2022cpooldigitalLeave a Comment

“Amrit Kaal is an opportunity to achieve self-sufficiency in every sector and the automobile sector is no exception,” PM Modi said in a written address to the annual session of the SIAM “Amrit Kaal is an opportunity to achieve self-sufficiency in every sector and the automobile sector is no exception,” PM Modi said in a […]

German cartel office greenlights automated driving cooperation between VW, Bosch

July 5, 2022July 5, 2022cpooldigitalLeave a Comment

The duo intends to develop a joint software solution in the area of semi-automated driving The duo intends to develop a joint software solution in the area of semi-automated driving The German cartel office said on Monday it would allow Volkswagen and Bosch to start an automated driving development cooperation but would monitor the alliance’s […]

China’s Great Wall Motor shelves billion India plan, fires all employees

China’s Great Wall Motor shelves $1 billion India plan, fires all employees

July 2, 2022July 2, 2022cpooldigitalLeave a Comment

Chinese automaker Great Wall Motor has been planning to enter the Indian market since 2020 but now becomes one of the biggest casualties of New Delhi’s increased scrutiny of investments from Beijing. Chinese automaker Great Wall Motor has been planning to enter the Indian market since 2020 but now becomes one of the biggest casualties […]

GM calls off plan to sell India car plant to China’s Great Wall

July 1, 2022July 1, 2022cpooldigitalLeave a Comment

General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China’s Great Wall Motor after they failed to obtain regulatory approvals, amid a tougher stance by New Delhi towards investments from Beijing. GM struck a deal in January 2020 to sell the plant to Great Wall, with […]

Price rise keeps consumers off entry-level cars

June 4, 2022June 4, 2022cpooldigitalLeave a Comment

During Q4, premium car sales grew 38% year-on-year, while sales of lower-priced cars rose by about 7% During Q4, premium car sales grew 38% year-on-year, while sales of lower-priced cars rose by about 7% The market for entry-level hatchbacks in India has shrunk significantly over the past few years as rising prices have combined with […]

M&M Q4 net jumps fivefold, UV volumes hit record

May 28, 2022May 28, 2022cpooldigitalLeave a Comment

Mahindra & Mahindra Ltd. (M&M) on May 28 reported fourth-quarter standalone net profit jumped fivefold to ₹1,292 crore, from ₹245 crore in the year-earlier period, helped by record sales volume of utility vehicles (UVs). Standalone revenue grew 28% to ₹17,124 crore. For FY22, standalone net profit surged fivefold to ₹4,935 crore, while revenue rose 29% […]