2020
31 Dec
Luxury car sales witness sharp fall in 2020, worst decline as lockdowns take toll on demand

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Luxury car sales in India fell by about 40% in 2020, their steepest decline, as the nationwide lockdown to curb the spread of Covid-19 slowed economic activity and lowered dema…

2020
31 Dec
Honda to stop auto sales in Russia in 2022

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The Russian subsidiary of Japan's Honda Motor Co said on Wednesday it would stop supplying new cars to official dealers in Russia in 2022 as part of the company's effor…

2020
31 Dec
Skoda Auto to replace Rapid with bigger sedan in 2021

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 Skoda Auto India head Zac Hollis on Tuesday revealed that the Rapid will be replaced by a slightly bigger sedan in 2021. Zac Hollis confirmed this on Twitt…

2020
31 Dec
MG Motor, Tata Power install 60 kW Superfast EV charging station in Coimbatore

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 MG Motor and Tata Power on Wednesday installed Coimbatore’s first 60 kW superfast public electric vehicle (EV) charging station at the MG Dealership.

The initiative…

2020
31 Dec
S.S. White Technologies Supplies Flexible Shafts for Recertified LEAP-1B Turbofan Engines

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S.S. White Technologies is supplying the flexible shafts that transmit power to activate the Thrust Reverser Actuation Systems (TRAS) on the CFM International LEAP-1B turbofan engines th…

2020
31 Dec
Announcement of change in the total number of votes in AB SKF

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Due to a conversion of shares from Series A to Series B in accordance with AB SKF’s Articles of Association, the Company confirms the following.


As per 30 December, t…

2020
30 Dec
China's Tianqi Lithium agrees extension on $3 bln of loans

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China's Tianqi Lithium Corp has struck an agreement to extend the maturity dates on more than $3 billion in loans, it said after a last-ditch asset sale was enough to persu…

2020
30 Dec
Steelmakers write to PMO defending price hike, demand iron ore export ban

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 A steel producers' body has written to Prime Minister Narendra Modi, explaining that the metal price hike was due to surging raw material costs, and demanded a ban on …

2020
30 Dec
Aluminium hits lowest level in a month, copper climbs

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 Aluminium prices fell to their lowest level in a month on Tuesday as investors worried that rising production would add to surpluses, while copper rose on hopes a U.S. aid pac…

2020
30 Dec
AutoGuide Mobile Robots Opens New European Office

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AutoGuide Mobile Robots, a leading manufacturer of high-payload autonomous mobile robot (AMR) systems, recently announced the opening of a new European office. The office in Munich suppo…

2020
29 Dec
Apple car not coming before 2025-2027 at earliest, says analyst Ming-Chi Kuo

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 Reliable Apple analyst Ming-Chi Kuo has claimed that the launch of Apple Car is unlikely to happen until 2025-2027.

In a research note, Kuo s…

2020
29 Dec
Hyundai announces 2nd edition of innovation CSR program

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 Hyundai Motor India Foundation (HMIF), the philanthropic arm of the Hyundai Motor India Limited on Monday announced the second edition of ‘H-Social Creator’, a youth conta…

2020
29 Dec
India's crude steel output grows 3.5% to over 9 mn tonne in November

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 India registered a growth of 3.5 per cent in crude steel production at 9.245 million tonne (MT) in November, according to World Steel Association. The country h…

2020
29 Dec
EMO Milano Returns in October 2021

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EMO Milano 2021, taking place from October 4-9, will  mark the enterprises’ return to “normalacy."


Promoted by CECIMO, the European Association of Machine…

2020
29 Dec
FPT Industrial and Comau Collaborate on Factory of the Future

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What will the factory of the future be like? How will it be organized? To answer these and many other questions about the Industry 4.0 production model, all it takes is a trip to the FPT…

2020
29 Dec
NSK Acquires Condition Monitoring System Business

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NSK Ltd. (NSK; Headquarters: Tokyo, Japan; President & CEO: Toshihiro Uchiyama) has signed an agreement to acquire condition monitoring system (“CMS”) business Brüel & Kjær…

2020
28 Dec
Statistics Canada reports manufacturing sales edged up 0.3 per cent in October


Manufacturing sales grew 0.3 per cent to $54.1 billion in October, led by the paper, and petroleum and coal industries, Statistics Canada said Tuesday.


The agency said the rise followed a revised increase of 2.2 per cent for September compared with an earlier reading of 1.5 per cent.


TD Bank eco…

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