Global automakers are expected to pass on the 25% U.S. tariff to component suppliers, impacting Indian auto ancillary firms like Tata Motors, Eicher Motors, and Sona BLW. With rising costs, demand may be affected, pressuring margins and prompting companies to diversify and optimize costs.
from Auto-Industry-Economic Times https://ift.tt/5mvWsGr
Wednesday, March 26, 2025
Most carmakers stand to lose as Trump’s tariffs spread the pain
US President Donald Trump’s 25% tariffs on auto imports and key components will raise costs for several major carmakers, including Hyundai, Volkswagen, and General Motors. The tariffs are set to benefit companies like Tesla, which manufactures domestically. Ford may also face less severe impacts due to its significant domestic production.
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from Auto-Industry-Economic Times https://ift.tt/s2TPo9V
ED attaches fresh assets of Amtek Group worth Rs 557 cr
The action was taken against Amtek Auto Limited, ARG Limited, ACIL limited, Metalyst Forging Limited, Castex Technologies Limited and Amtek Group promoter Arvind Dham, apart from some others, the federal probe agency said in a statement.
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from Auto-Industry-Economic Times https://ift.tt/sq9dg0n
Ashok Leyland’s Switch Mobility commences consultation process to shut its UK plant
Ashok Leyland will cease manufacturing operations at Switch Mobility in the UK to reduce losses, citing economic uncertainty in the British bus industry and slow EV transition. The company will continue catering to the UK market from its facilities in India and the UAE, while Switch India focuses on the growing EV market there.
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from Auto-Industry-Economic Times https://ift.tt/kvpcdQt
Tuesday, March 25, 2025
Apple's WWDC 2025 Event Will Kick Off on June 9: Here's What to Expect
Apple is all set to host its Worldwide Developers Conference (WWDC) in June, the Cupertino tech giant announced on Tuesday. The five-day affair will begin with a special event keynote on June 9, and it will spotlight the latest advancements in Apple software. The event will end on June 13 and will be accessible to all Apple developers with no associated costs.
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from Gadgets 360 https://ift.tt/nuXcmwo
Vivo X200 Ultra Confirmed to Launch in April; Could Arrive With Vivo X200s
Vivo X200 Ultra is expected to join the Vivo X200 and X200 Pro variants in China soon. During the Boao Forum for Asia, where the company showcased its Vivo Vision mixed reality AR/VR headset, it also confirmed the launch timeline of the Vivo X200 Ultra. The handset has been teased to "integrate Vivo's latest advancements in imaging." It was bestowed with the tit...
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from Gadgets 360 https://ift.tt/7kZNln0
Maruti Suzuki receives Rs 2,966 cr draft assessment order from I-T dept
Maruti Suzuki received a draft assessment order for FY 2021-22 from the Income Tax Authority, proposing Rs 2,966 crore in additions and disallowances to its reported income. The company plans to contest the order before the Dispute Resolution Panel, assuring no impact on its operations.
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