Carmakers expect to face a record stockpile of 400,000 vehicles worth ₹44,000 crore by this month-end as demand cools in India after a 3-year run of scorching sales. With car despatches to dealers outpacing demand, passenger vehicle registrations, taken as a proxy for retail sales, are also expected to fall by 5% in May from … Read more
Farm and construction equipment manufacturer Escorts Kubota Ltd plans to invest up to Rs 4,500 crore over the next three to four years to set up a new manufacturing plant, according to its whole-time director and CFO Bharat Madan. The company is currently in talks with the Rajasthan government for a site at Ghiloth, where … Read more
TOKYO: Nissan will expand its electric vehicle lineup, develop more powerful batteries and cut production costs, while speeding up the whole process, in what the Japanese automaker‘s chief called “The Arc” pathway to higher sales by 2030. “The auto industry is now being forced to reshape its values so we can say continuous change is … Read more
The new X100VI has far exceeded Fujifilm’s predictions, and it expects backorders to persist for at least a “few months” as the company has confirmed its production capacity is capped at 15,000 units per month. Fujifilm’s X100VI camera received what it characterizes as an “overwhelming” global response when it was announced last month, and while … Read more
Sigma’s latest compact telephoto optic, the 500mm f/5.6 DG DN OS Sports lens is so popular that the company can’t keep up with pre-orders. The 500mm f/5.6 is a very impressive lens and is already on PetaPixel‘s shortlist for lens of the year. It should not, therefore, come as a particular surprise that it is … Read more
NEW DELHI: Hyundai plans to invest a fresh $4 billion (Rs 33,200 crore) in India to expand car production to one million units and launch a slew of new vehicles and technologies, including electrics and batteries, as the company engages in one of its largest expansion programmes in the country.The company will see its cumulative … Read more
KOLKATA: Darjeeling tea production is estimated to have declined to 6.1-6.3 million kg in 2023, which industry veterans said could be the lowest “normal year output” in over 50 years. Compared to 6.9 million kg in 2022, production is estimated to at least 9% lower.Between January and November, production is estimated to have been around … Read more
NEW DELHI: The index of coal industry has achieved a growth of 10.9 per cent (provisional) among eight core industries, during November 2023, as per the data released by the ministry of commerce & industries. The coal sector achieved 185.7 points in November, compared to 167.5 points, in the same time last year, the release … Read more
In a transcendent evening at the iconic Royal Albert Hall in London, the convergence of cinematic brilliance and orchestral grandeur took centre stage. The juxtaposition of a film about making it in the showbiz world opening at a legendary venue usually reserved for the most successful acts created a meta moment of sheer brilliance. Despite … Read more
Honda, the leading Japanese automaker, announced a substantial investment of 500 billion yen ($3.4 billion) in the production of electric motorcycles and mopeds within this decade. As the world’s foremost producer of two-wheelers, Honda aims to introduce 30 new electric models by 2030 and reduce the current cost of electric motorcycles by 50 percent, AFP … Read more