Population growth, development, and economic expansion "are going to increase the demand or these are the drivers basically for increased petrochemicals demand," A. S. Sahney, executive director for petrochemicals at IOC, said at a conference on Thursday.
Sales were 16.6 per cent higher than in COVID-marred October 2020 and 21.4 per cent more than in pre-pandemic October 2019.
However, in the two-wheeler segment, most of the manufacturers such as Hero MotoCorp, Bajaj Auto, Honda Motorcycle and Scooter India, and TVS Motor reported subdued sales during the festive season, which normally leads to high takeoff of motorcycles and scooters.
The MCA, through its registrar of companies (RoC), has summoned the company's directors and its auditor Deloitte to explain certain alleged audit deficiencies that had been discovered during the course of the probe.
Considering the current situation of the global economy, State Bank of India Chairman Dinesh Khara said, India is doing reasonably well given its projected growth rate of 6.8 per cent and inflation "much under control" despite the global headwinds.
The new centre will focus on the development of software and technological innovations crucial to the advancement of automobiles and mobility. The new site is the company's second global innovation centre in India. The first global digital hub is in Hyderabad.
Energy transition is inevitable. But the doctrine espoused thus far by most countries to achieve goals of carbon neutrality has been one of one-shoe-size-fits-all. And, it has failed - for example, purely banking on subsidising renewables on the one hand and jettisoning fossil fuels and nuclear on the other.
"When we look at the drop in Indian oil demand, part of it had to do with seasonal maintenance of the refineries, not necessarily a softening of the economy," said Phil Flynn, analyst at Price Futures Group in Chicago. "We expect that the demand for India is going to pick up here very, very shortly as we get into winter."
India's crude steel output rose by 2.56 per cent to 30.06 million tonne (MT) during the July-September period of the ongoing financial year. As per research firm SteelMint, the top six steel makers -- SAIL, Tata Steel, JSW Steel, JSPL, AMNS India and RINL -- produced 18.29 MT steel, the rest 11.77 MT came in from the secondary sector.
The benchmark Indian 10-year government bond yield was at 7.4552% as of 0415 GMT. The yield jumped to 7.4816% earlier in the session, its highest since June 21.
India’s stockpile, for example, has tumbled $96 billion this year to $538 billion. The country’s central bank said asset valuation changes account for 67% of the decline in reserves during the fiscal year from April, implying the rest came from intervention to prop up the currency.
Indian Oil Corp, the country's top refiner, and Bharat Petroleum Corp are seeking term deals with countries, including the United States, industry sources said.
India's trade deficit fell to $26.7 billion in September from $28 billion in August and $30 billion in July.
Mercedes-Benz India started its electro-mobility drive in India with the launch of its all-electric SUV EQC as a fully imported unit in October 2020 priced at Rs 1.07 crore.
California has the world's most advanced zero-emission vehicle (ZEV) policies. It has an ambitious 100 per cent ZEV mandate by 2035. As part of the collaboration, the University of California, research institute Davis Institute of Transportation Studies, established a new India ZEV Research Centre.
The industry target for CNG vehicles has reduced to 5,00,000-5,50,000 units in the year ending March 2023, about 25-30% lower compared with the estimate of 7,00,000-7,50,000 at the beginning of the fiscal year. About 2,61,000 units of CNG passenger vehicles were sold in India last fiscal year.
"We have a plant at Kolkata now. We are looking to set up satellite manufacturing units in North and South India so that we can be closer to the market," Motovolt Mobility Founder and CEO Tushar Choudhary told PTI here.
In a “reverse-Goldilocks” economy – where the global economy and policymakers are confronted with a stagflationary supply shock that is negative for growth and will tend to push up inflation further- SBI thinks India has emerged as an outlier.
The entities will initially set up a $300 million "first loss risk sharing instrument", a person involved in the talks said. "The funds would be available for all financial institutions to access as a first-loss instrument," he said.
Celebrating a decade of Indian presence Isuzu Motors India Managing Director Wataru Nakano said the company would produce and deliver 25,000 vehicles in FY23.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Varun Batra | Unlock to View | Unlock to View | Director | 30 Oct,2021 |
| Veerendra Shadakshari | Unlock to View | Unlock to View | Director | 30 Jun,2016 |
| Uma Jayaraman | Unlock to View | Unlock to View | Director | 22 Oct,2012 |
| Ramachandran Jayaraman | Unlock to View | Unlock to View | Director | 30 Sep,2008 |
| William Robert Byass | Unlock to View | Unlock to View | Director | 30 Sep,2006 |
| Chandrachudan Jayaraman | Unlock to View | Unlock to View | Managing Director | 03 Jun,1998 |
Process technology is the heart of all industries which involves the production of goods from the raw material. The technology process in the automotive industry comprises of the dies (plastic mold, die casting mold, casting, stamping die and forging die), along with the metal forming process, assembly/welding, surface treatment/heat treatment, industrial application/rubber parts, jig & tools and plastic molded parts as well.
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
A production system is a computer program typically designed to provide artificial intelligence. The production system, in an automobile, refers to the method/procedure/arrangement which includes all the functions required to gather the inputs, process/reprocess the inputs and deliver the end product. In ETAutolytics, a production system includes facility/equipment, machine element, processing machinery and production supplemental materials.
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