China’s new export restrictions on automotive chips, following the Dutch government’s intervention in Nexperia, have sent shockwaves through global automakers like GM and Volkswagen. China’s new export restrictions on automotive chips and components, prompted by the Dutch government’s takeover of Chinese-owned chipmaker Nexperia, have left global auto companies including GM, Honda, Volkswagen and others ‘shocked’...

The EV company is scheduled to report its financial results for the third quarter after market close on Wednesday. Tesla is recalling 12,963 vehicles in the US due to a defect in a battery pack component that could lead to a sudden loss of drive power, the US National Highway Traffic Safety Administration said on...

India is poised to become a significant player in the global rare earth elements market, aiming to reduce reliance on China. Rare earth elements or REEs have made their way as the new strategic assets, emerging as the ‘new oil’ of the 21st century, as countries race towards cleaner energy. REEs are a set of...

Automakers including BMW, Renault, and General Motors are developing rare earth-free motors, but most are years away from mass adoption Global automakers are scrambling to secure rare earth supplies as China’s expanded export controls threaten to disrupt production of key vehicle components and electric motors. Executives fear the curbs could trigger severe shortages and potential...

PV tyres grew in mid-single digits, two-wheelers recorded strong growth aided by positive rural sentiment, farm tyres rose in mid-teens, and truck and bus tyres expanded on a low base. Tyre maker CEAT Ltd shares rallied as much as 12.17 per centto their 52-week high of ₹4,187 on the NSE on Monday, September 20 after...

FILE PHOTO: A logo of BMW is seen inside a car dealer in Nijmegen, Netherlands February 26, 2025. REUTERS/Piroschka van de Wouw/File Photo German automaker BMW said on Thursday that parts of its supplier network were being affected by a trade and intellectual property dispute over chipmaker Nexperia, which faces export restrictions in both the...

New Delhi, Oct 19 (IANS) The Ministry of Mines has notified new rules to introduce intermediary timelines for various activities to be completed after the issue of a Letter of Intent till execution of the mining lease in order to speed up the operationalisation of mining blocks that have been auctioned to companies. The centre...

Being “a structural change”, GST rate reduction “will structurally impact demand as we go (along)” and there won’t be a sudden spurt in demand. Tyre maker CEAT expects GST rate reduction to have structural positive impact in the coming quarters by aiding demand for two-wheelers, small cars and tractors, particularly in rural markets, according to...

Besides, the government is in discussions with academic institutions to see if some tech tie-ups can be forged between them and companies. New Delhi: The government is nudging the private sector to develop critical mineral processing capabilities as part of its efforts to secure domestic supplies of rare earths amid global supply chain uncertainties. The...

The company also launched its electric heavy-duty truck equipped with battery swapping technology. Blue Energy Motors (BEM) wants to make EV adoption as simple and seamless as ‘upgrading your phone’. For this, the company has introduced the Energy-as-a-Service (EaaS) model under which it is planning to install 1,200 battery swap stations and 30,000 electric trucks...