China, a market that was once core to their global growth plans, has become a wasteland for their petrol-powered lineups as electric vehicles (EVs) grew from 6.2% of sales in 2020 to 45% last year. The foreign brands that dominated the Chinese market in the 2010s have been devastated. Sales by Ford and Nissan—both top-10…
Estimates of gross value added (GVA) and gross domestic product (GDP) for 2024-25 were released last month along with revised estimates for 2023-24 and final data for 2022-23. The numbers for 2024-25 were broadly in line with estimates released earlier, with GDP growth placed at 6.5%, marginally higher than the 6.4% reported as part of…
The HSBC India manufacturing PMI dropped to 56.3 in February from 57.7 in January. Last month’s reading is the lowest in 14 months. Local demand seems to have cooled, which led order books filling up with less vigour. Also Read: Wrong target: Why should an AI workflow tracker evoke outrage? On the brighter side, overseas…
India’s market for passenger vehicles has slowed to a crawl. As reported, a forecast made by Indian carmakers at an internal meeting of the Society of Indian Automobile Manufacturers (SIAM) last week points to stagnant sales in 2024-25 at a level of just above 4.2 million units, with barely 1-2% growth expected in 2025-26. While…
In the last episode, my colleague and host of Climate Economy, Kunal Shankar, spoke about the shifts underway in India’s transport sector, as it attempts to decarbonise. One among the many places where this transition is likely to be felt most is Coimbatore. That’s because this district is home to many of the smaller firms…
