Negotiations between Mahindra & Mahindra and Skoda Auto Volkswagen India on a potential 50:50 joint venture appear to have got stuck with the companies unable to arrive at common ground on key matters, said people aware of the ongoing deliberations. “The two companies that have already signed a series of nonbinding memoranda of understanding (MoUs) … Read more
TNN The company has a product range of 250 tyres, of which about 12 are for the EV segment. Tyre major TVS Srichakra, which manufactures two and three-wheeler tyres under the brand Eurogrip, is developing next generation fuel efficient tyres for EVs mainly for the Indian market. “Our endeavour is to reduce tyre rolling resistance … Read more
Mumbai: Buoyed by positive US economic data and other global cues, the Indian stock markets continued their recovery rally this week. With the US government now confirming a rate cut (most likely in September), domestic markets are anticipated to respond positively to the development on Monday. With Federal Reserve Chair Jerome Powell saying that “the … Read more
New Delhi: India’s 5G smartphone market share increased to 77 per cent in the second quarter (Q2) — up from 49 per cent in the same quarter last year — while the average selling price declined by 22 per cent to $293 (about Rs 24,000), a report said on Tuesday. Nearly 27 million 5G smartphones … Read more
Brakes India on Wednesday announced its plans to develop and manufacture advanced braking products for the domestic light vehicle market in a 51:49 joint venture partnership with Japanese AISIN Group company ADVICS at an investment of Rs 500 crore over the next three years. The joint venture entity will focus on developing these products in … Read more
Chairman Warren Buffett, left, at the Berkshire Hathaway Inc. annual shareholders’ meeting in Omaha, Nebraska, U.S., on May 3, 2024. | Photo Credit: REUTERS Billionaire investor Warren Buffett said that the Indian market has “unexplored” opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore “in the future”. Mr. Buffett’s remarks came at … Read more
Last Updated: May 05, 2024, 20:59 IST Washington D.C., United States of America (USA) Berkshire Hathaway Chairman Warren Buffett attends the Berkshire Hathaway Inc annual shareholders’ meeting in Omaha, Nebraska, U.S., May 3, 2024. (Reuters/File Photo) Warren Buffett discusses Berkshire Hathaway’s interest in Indian market and investment opportunities at annual meeting. US Billionaire investor Warren … Read more
Korean auto major Hyundai said it will continue to make strategic investments towards increasing production capacity, setting up new manufacturing units, introducing new products and technologies to strengthen its presence in the Indian market. Unsoo Kim, Managing Director, Hyundai Motor India, said, India is a “focal” market for the company. “As we look forward to … Read more
Indian used car market is expected to touch the USD 100 billion-mark in the next ten years on the back of rising disposable incomes and a growing middle class, according to CARS24 Co-Founder and CEO Vikram Chopra. As per the findings of the Gurugram-based online used car marketplace, there are changes in market dynamics with … Read more
Mumbai: The Chinese market’s underperformance has been stark for many years now, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. In early 2010, the Shanghai composite index was around 3,000. Now it is below that level at around 2,865: No return during the last 14 years. In sharp contrast, Nifty was around 5,000 … Read more
