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Automakers Record Firm Demand Posting Strong Numbers In January 2025
Automakers recorded firm demand in January 2025, posting strong sales numbers as market sentiment improved and new launches continued to drive buyer interest across segments.
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European Carmakers Eye Expansion In India Amid Suzuki, Homegrown Domination
European carmakers, squeezed by U.S. tariffs and price wars in China, will get a welcome boost from an EU-India trade deal that sharply drops tariffs on car imports, but face a tough market dominated by homegrown firms and compact Japanese "kei cars.
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GTA 6 Delay Weighs on Global Videogame Market Growth, Data Shows
The delay of the long-awaited Take-Two's Grand Theft Auto 6 to next year and price hikes to videogame hardware arising from tariffs, have made consumer spending uncertain. A report from research firm Newzoo has predicted that the global videogame market's growth rate is expected to improve only marginally in 2025.
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Flagship India EV Policy Is a ‘Non-Starter’ for Global Firms
India is rolling out a new flagship EV policy in order to attract international automakers. The policy offers to slash duty to 15 percent on any imported electric car priced from $35,000 (roughly Rs. 30 lakh) if the maker invests at least Rs. 4,150 crore, or about $500 million (roughly Rs. 4,150 crore), to set up a local plant within three years.
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Ola Electric's Quarterly Loss Widens to Rs. 870 Crore
Ola Electric Mobility reported a loss of Rs. 870 crore ($101.8 million) in the quarter ended March 31, compared with a loss of Rs. 416 crore a year earlier. Its total expenses fell 31.6 percent to Rs. 13.6 crore.
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President Trump Rolls Back Auto Tariffs After Auto Firms Raise Alarms
Donald Trump auto tariffs: US President signed a proclamation to reduce the import burden on the American auto industry and reduce auto tariff.
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Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
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China Announces Measures Against Google, Other US Firms as Trade Tensions Escalate
Beijing slapped tariffs on US products such as coal, oil and some autos in a rapid response to the new duties on Chinese goods imposed by US President Donald Trump, escalating trade tensions between the world's two biggest economies.
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Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
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SEBI Warns Ola Electric for Disclosure Lapses
SEBI has issued a warning to Ola Electric for not providing "equal and timely access" to its investors of information about a planned store expansion.
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Automakers Record Firm Demand Posting Strong Numbers In January 2025
Automakers recorded firm demand in January 2025, posting strong sales numbers as market sentiment improved and new launches continued to drive buyer interest across segments.
-
European Carmakers Eye Expansion In India Amid Suzuki, Homegrown Domination
European carmakers, squeezed by U.S. tariffs and price wars in China, will get a welcome boost from an EU-India trade deal that sharply drops tariffs on car imports, but face a tough market dominated by homegrown firms and compact Japanese "kei cars.
-
GTA 6 Delay Weighs on Global Videogame Market Growth, Data Shows
The delay of the long-awaited Take-Two's Grand Theft Auto 6 to next year and price hikes to videogame hardware arising from tariffs, have made consumer spending uncertain. A report from research firm Newzoo has predicted that the global videogame market's growth rate is expected to improve only marginally in 2025.
-
Flagship India EV Policy Is a ‘Non-Starter’ for Global Firms
India is rolling out a new flagship EV policy in order to attract international automakers. The policy offers to slash duty to 15 percent on any imported electric car priced from $35,000 (roughly Rs. 30 lakh) if the maker invests at least Rs. 4,150 crore, or about $500 million (roughly Rs. 4,150 crore), to set up a local plant within three years.
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Ola Electric's Quarterly Loss Widens to Rs. 870 Crore
Ola Electric Mobility reported a loss of Rs. 870 crore ($101.8 million) in the quarter ended March 31, compared with a loss of Rs. 416 crore a year earlier. Its total expenses fell 31.6 percent to Rs. 13.6 crore.
-
President Trump Rolls Back Auto Tariffs After Auto Firms Raise Alarms
Donald Trump auto tariffs: US President signed a proclamation to reduce the import burden on the American auto industry and reduce auto tariff.
-
Ola Electric Said to Cut Over a Thousand Jobs to Stem Losses
Ola Electric Mobility is laying off over a thousand employees and contract workers,, people with knowledge in the matter have told the media. The cuts at the SoftBank Group-backed firm, span multiple departments, including procurement, fulfillment, customer relations and charging infrastructure, the people said, asking not to be identified as the i...
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China Announces Measures Against Google, Other US Firms as Trade Tensions Escalate
Beijing slapped tariffs on US products such as coal, oil and some autos in a rapid response to the new duties on Chinese goods imposed by US President Donald Trump, escalating trade tensions between the world's two biggest economies.
-
Tata Motors Looks to Local Battery Play as EV Competition Rises
Tata's EV market lead shrunk to 62 percent in 2024 from 73 percent a year ago as rival JSW MG Motor gained share with its new cars. This year, Mahindra & Mahindra, Hyundai Motor and market leader Maruti Suzuki will also launch EVs in India.
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SEBI Warns Ola Electric for Disclosure Lapses
SEBI has issued a warning to Ola Electric for not providing "equal and timely access" to its investors of information about a planned store expansion.
