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Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev

Livemint.com The Automobile Industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January. However, declining income of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales during January from a year ago, vehicle registration data compiled by Federation of Automobile Dealers’ Association (Fada) showed. Vehicle registration was up 14% in the...

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India’s transition to electric mobility will be faster, say experts -Aroosa Ahmed

-The Hindu Business Line The Govt has a target of 30% EV penetration in private cars, 70% for commercial vehicles, and 80% for two and three-wheelers by 2030 for the Automobile Industry India’s transition to electric mobility will be faster as automobile companies are making big-ticket investments in the development of infrastructure to facilitate electric vehicle penetration in the country, according to industry experts. The Union Government has a target of 30 per...

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Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap

There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...

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Imports from China: After over a year, has call for boycott of Chinese goods fizzled out for MSMEs? -Sandeep Soni

-Financial Express Trade, import, and exports for MSMEs: Imports from China were up 51.5 per cent from $45.17 billion during the first nine-month period of 2020 to $68.46 billion for the corresponding period of 2021. Trade, import, and exports for MSMEs: China has managed to remain too competitive to be ignored by Indian MSME and other manufacturers for importing goods despite the anti-China sentiment that gained ground last year post border clash...

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A peek into Jharkhand’s mica mines where child labour & illegal mining are no secret -Praveen Jain and Simrin Sirur

-ThePrint.in The mica mining industry today operates via unlicensed middle men and labourers who scavenge for mica in large abandoned mines, or dig holes into the earth for scraps. Giridih, Jhumri Telaiya: For generations, families living in the Koderma and Giridih districts of Jharkhand have survived on the collection and trade of mica — a shimmery, translucent mineral used in cosmetics and automobiles. The mining of mica was once a legal, thriving business...

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