Seoul, May 4 (IANS) Sales of Hyundai Motor and Kia vehicles in the United States fell slightly from a year earlier, while numbers for hybrid vehicles rose to a new monthly high, the automaker said on Monday.The South Korean automakers sold a combined 159,216 vehicles in the key American market in April, down 2.1 percent on-year, according to the companies.Hyundai Motor sold 86,513 units, down 1.5 percent from the previous year, reports Yonhap news agency.Its luxury vehicle brand Genesis sold 6,3…
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New Delhi, April 30 (IANS) Invest India, the National Investment Promotion and Facilitation Agency under the Centre’s Department for Promotion of Industry and Internal Trade (DPIIT), has facilitated the grounding of 60 projects worth over $6.1 billion across 14 states during the financial year 2025–26, which are expected to generate more than 31,000 jobs, according to an official statement issued on Thursday.Grounded investments have registered a nearly threefold growth over FY 2024–25, wh…
New Delhi, April 22 (IANS) India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.It forecasted a potential re-rating driven by easing geopolitical tensions, mo…
New Delhi, March 30 (IANS) China’s industrial rise is due to institutionalised competition among provinces, cities and firms, with the central government acting as a referee and disciplinarian rather than as an engineer, a new report has said.The report from The Globe and Mail called China’s industrial policy “authoritarianism”, adding that it “behaves less like central planning than a state-enabled pressure cooker.”Such a system thrived by enabling rivalry across firms and provinces, with t…
New Delhi, Feb 25 (IANS) With clear policy direction and strong industry participation, India can firmly establish itself as a leading global centre for electric mobility manufacturing and innovation, Minister of Heavy Industries and Steel, H.D. Kumaraswamy, said on Wednesday.Speaking to reporters on the sidelines of the third ‘FICCI National Conference on Electric Vehicles’, the minister stressed that “whatever best way we can encourage the electric mobility adoption, we are going to go for tha…
Mumbai, Feb 6 (IANS) Indian auto component manufacturers are likely to enjoy more access to European markets with improved price competitiveness under the proposed India-EU Free Trade Agreement (FTA), a report said on Friday.The report from ICRA said that “tariff rationalisation and preferential access are expected to enhance pricing competitiveness and sourcing opportunities with European original equipment manufacturers (OEMs)”.The EU is a major automotive production hub and better trade terms…
Chennai, Feb 1 (IANS) Industry leaders in Tamil Nadu have welcomed the Union Budget 2026, describing it as growth-oriented, forward-looking and supportive of manufacturing, MSMEs and long-term industrial development. Senior office-bearers of the Confederation of Indian Industry (CII) shared their assessment while addressing the media at a post-Budget press conference held at ITC Grand Chola, Chennai, on Sunday.Speaking after the Budget presentation, Deputy Chairman of CII Southern Region Ravicha…
New Delhi, Jan 8 (IANS) BMW Group India on Thursday delivered its best-ever annual performance in 2025, recording highest car sales of 18,001 units, a strong 14 per cent year-on-year (YoY) growth that outpaced the average growth rate of India’s luxury car segment. The robust performance highlights rising demand for BMW and MINI vehicles despite a challenging and competitive market environment.Out of the total sales, BMW accounted for 17,271 units, while MINI sold 730 cars during the year.In ad…
For the longest time, Honda and Toyota were the darlings of Indian-origin families. Affordable, reliable, and oh-so-economical. But recently, there’s…