A spokesperson for Sibelco said: “As of September 26th, we have temporarily halted operations at the Spruce Pine facilities in response to these challenges. “We are working closely with our local team to safely restart operations as soon as we can and are actively coordinating with local authorities and other partners to manage the situation. … Read more
Toyota Kirloskar Motor on Tuesday reported a 14 per cent year-on-year increase in wholesales at 26,847 units in September. The automaker had dispatched 23,590 units to its dealers in September last year. The company sold 23,802 units in the domestic market and exported 3,045 units, Toyota Kirloskar Motor (TKM) said in a statement. “As the … Read more
Bhavish Aggarwal, CMD, Ola Electric Mobility, says that their S1 X scooters are priced at or below the median ICE scooter and in bikes also it is going to be the same because the supply chain is all the same. They are working on the supply chain, and started trial production of lithium cells. The … Read more
Do you have a collection of old cell phones in a desk drawer somewhere because you don’t know what to do with them? A new US initiative aims to make it easier for people to recycle phones, computers, and other battery-powered electronics. This month, the US Department of Energy announced a $14 million program that … Read more
RBI’s monetary policy committee member Ashima Goyal has said the Prime Minister Narendra Modi led-NDA government in its third term should focus on raising farm productivity and improving supply chain to reduce volatility in food prices. Goyal further said the prospects for robust growth and falling inflation continue with the return of a stable conservative … Read more
New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India’s exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for … Read more
Neetu Kashiramka, MD, VIP Industries, says that while this year the margin will be 15%, next year, it is going to be 18%. A 2-3% improvement in gross margin and a lot will happen to reduce overheads which are quite high now. All the work will start to show results starting H2 of this year. … Read more
New Delhi: Kia India on Thursday said it will increase prices of its range of vehicles by up to 3 per cent from April 1, 2024. The decision is attributed to the escalation in commodity prices and supply chain-related inputs, the automaker, which sells models like Seltos, Sonet and Carens, said in a statement. It … Read more
Canada’s federal government as well as organizations representing some the nation’s beef producers warn a decision south of the border about “Product of USA” labels on meat, poultry and eggs could disrupt supply chains. The United States Department of Agriculture announced Monday a final rule on conditions for when voluntary “Product of USA” or “Made … Read more
“Raising production rates will be very tough to achieve. You’re not making hand phones.” Singapore: Boeing and Airbus struck deals to sell billions of dollars’ worth of planes at this week’s airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said. Plane makers are already behind in … Read more
