20 Mar 2024
In the midsize SUV market, currently two-thirds of sales are from models like Hyundai Creta, Toyota Urban Cruiser Hyryder, Maruti Suzuki Grand Vitara and Kia Seltos, all of whom offer hi-tech features such as anti-collision, assistance to maintain lanes while driving and geofencing that creates a virtual boundary of a car using GPS technology and alerts the owner if the vehicle enters or exits the set perimeter.
06 Mar 2024
Executives at companies like Mercedes-Benz, Tata Motors, MG Motor India and Hero MotoCorp told ET they are stepping up focus on women participation in leadership positions. At Tata Motors, the country’s third largest PV maker and largest CV manufacturer by sales volume, there were 4.9% women in top management positions as of December 31. Across all management levels, from junior to top management, only 7.43% were women.
20 Feb 2024
Deloitte’s 2024 Global Automotive Consumer Study (GACS) India, which reveals the dynamic shift in consumer preferences in the Indian automotive sector, was conducted during 5-12, October 2023. Deloitte surveyed a sample of 1,000 consumers in India, a press release issued by Deloitte Touche Tohmatsu India LLP, said.
12 Jul 2023
The Association of Critical Shareholders (DKA), which represents small investors on environmental, social and governance issues, has written an open letter to Volkswagen questioning the independence of the planned audit of its co-owned site in Xinjiang, China.
06 Jul 2023
"With the excellent efforts of employees, Maruti Suzuki has performed well in FY23," said Rajesh Uppal, member executive board, HR, Maruti Suzuki, which recorded the highest-ever turnover of INR 1 lakh crore. "Our sales of 19.66 lakh units were the highest ever... the company recognises the efforts of employees and shares the fruit of their good work with them," Uppal told ET.
19 Jun 2023
On a global scale, the report said that in order to achieve climate neutrality by 2050, the clean hydrogen market capacity can grow to 170 million tonnes in 2030 and to 600 million tonnes in 2050. India can produce substantial amounts of hydrogen but are also likely to rely on imports throughout the transition, added the report by Deloitte.
24 May 2023
Under the progressively architected organisation, all the employees have transitioned to renewed ‘Responsibility-Levels’, ‘Bands’ and now also carry a reflective ‘Market Designation’, according to a statement.
18 May 2023
More than convenience and luxury, connected cars hold the potential to revolutionise transportation while generating enormous revenue for manufacturers. The vast datasets generated by connected cars are yet to be fully monetised. In fact, automakers are still exploring ways to enhance their revenue per user – a metric that is widely used in other tech-based industries like telecommunications, OTT platforms and mobile gaming.
01 Mar 2023
The manufacturer of the RV400 electric motorcycle is scouting for locations in Haryana, Bhiwadi (Rajasthan) and Noida (Uttar Pradesh) for the second unit, as it intends to scale up exports and increase the availability of products in the South Indian markets.
28 Feb 2023
Deloitte predicted the Indian semiconductor market will reach USD 55 billion by 2026 with more than 60 per cent of the market being driven by three industries -- smartphones and wearables, automotive components, and computing and data storage.
23 Feb 2023
Revolt expects to fully utilise the existing capacity at its manufacturing facility at Manesar, Haryana in the upcoming financial year, RattanIndia Enterprises business chairperson Anjali Rattan told ET.
24 Jan 2023
India has traditionally been known as a price-sensitive small car market. But the latest trend shows that Indian consumers are upgrading year-on-year not only in fossil fuel driven vehicles but also for EVs, Rajeev Singh, automotive sector leader at Deloitte India told ET.
04 Jan 2023
Nearly 7 in 10 prospective EV buyers in the United States expect to pay less than $50,000 for their next vehicle, according to the survey conducted between September and October 2022.
05 Jun 2022
Forbes Marshall, Thermax, Marico, Tech Mahindra, Motilal Oswal Financial Services, and Jindal Stainless are also among the companies seeking to enforce Covid protocols reflecting broader enhanced risks. Several corporates also plan to increase mass testing if the number of cases rises. Many cos are also encouraging staff to take booster shots.
06 May 2022
These four top consulting companies and their shared services units in India are likely to hire about 80,000 people in the next 12 months to cater to the demand of business growth and due to high attrition, according to estimates by top company officials and industry insiders.
26 Apr 2022
An analysis by Deloitte Economics Institute showed the country could gain $11 trillion over 50 years by limiting rising global temperatures and realising its potential to 'export decarbonisation' to the world.
09 Mar 2022
As a financial services innovation, CBDCs are likely to play a pivotal role in shaping the 'future of value transfer', the report said, adding that most central banks worldwide are now in various stages of their evaluation of launching their national digital currencies.
23 Feb 2022
The convergence of computing processing, connectivity and AI will bring about more engagement between businesses and customers, the Deloitte 2022 Technology, Media and Entertainment and Telecom report showed.
05 Feb 2022
While taxpayers whose cases have already been decided by the Supreme Court are seen as insulated from retrospective amendments, there is a fear that the government may seek review of such orders.
17 Dec 2021
The study laid an additional focus on measures taken by AI leaders and global capability centres (GCCs) or to embrace AI for their business growth.