Business

Reuters Ford announced that it has submitted a Letter of Intent to the Government of Tamil Nadu. American auto major Ford may opt for a combination of electric vehicles, hybrids and internal combustion engine components as its manufacturing strategy for the Maraimalainagar plant. According to sources with knowledge of the …

Reuters The global opportunity for the EV battery chain is estimated to reach USD 300 billion by 2030. Gujarat Fluorochemicals on Wednesday said its electric vehicle products subsidiary, GFCL EV Products, has raised INR 1,000 crore at an equity valuation of INR 25,000 crore. It said the promoters of InoxGFL …

Despite the slump in the Indian automotive industry, Neil Barua, newly appointed CEO of PTC, a Nasdaq-listed global software company that, among others, provides product development software to global automakers like Volkswagen, BMW, and Toyota, said India is the right place to be now. Since taking over as the CEO …

Japanese auto major Honda Cars India Ltd (HCIL) Friday said that it has expanded its previously announced campaign to voluntarily replace faulty fuel pumps in 90,468 old units of its select models in India. Additionally, the campaign will cover 2,204 units of old models which have undergone this part change …

Connected cars are increasingly gaining popularity among new-age buyers, who are demanding continuous connectivity while travelling and enhanced safety features in their wheels of choice. The share of connected cars in passenger vehicles sold in the Indian market doubled to 28.73% in the first nine months of 2024 from 14.47% …

Mumbai: The passenger vehicle market is witnessing a paradox this festive season: some models command waiting periods of up to 96 weeks with no discounts while others are offering cash discounts as high as ₹4.5 lakh to manage inventory pileups. This highlights a growing segmentation between premium and volume players …

Consumers are exploring both luxury and sustainable alternatives, setting the stage for a new era in the Indian automotive sector, according to a survey by Grant Thornton Bharat. As per the survey — ‘Shifting Gears: Understanding Passenger Vehicle Market Trends’, 85 per cent of the respondents were considering premium models …

(Bloomberg) — US government bond yields rose as weak demand for a pair of Treasury note auctions suggested investors are anxious about supply on the eve of the next financing quarter. Most Read from Bloomberg Yields across maturities rose at least four basis points, reaching the highest levels in more …

Summary Federated Hermes, based in Pittsburgh, is an asset management holding company with about $800 billion in AUM as of September 30, 2024. It offers equity, fixed-income, and money-market funds. The company’s clients include high-net-worth individuals, registered investment advisors, pension funds, charities, and gov Upgrade to begin using premium research …

AMD (AMD) will report its fiscal third quarter earnings after the bell on Tuesday, in what will serve as a temperature check on the health of the artificial intelligence market. AI continues to drive shares of tech giants ranging from AMD rival Nvidia (NVDA) to customers like Microsoft (MSFT), and …