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gadkari ultimatum to auto companies: Work towards more localisation or we will think of increasing import duty says Nitin Gadkari to Auto Industry: गडकरी का ऑटो कंपनियों को अल्टमेटम, स्वदेशी कलपुर्जों का इस्तेमाल नहीं बढ़ाया तो...

gadkari ultimatum to auto companies: Work towards more localisation or we will think of increasing import duty says Nitin Gadkari to Auto Industry: गडकरी का ऑटो कंपनियों को अल्टमेटम, स्वदेशी कलपुर्जों का इस्तेमाल नहीं बढ़ाया तो...
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

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Biden Team Pressing Taiwan, Other Allies on Auto Chip Shortfall

(Bloomberg) President Joe Biden’s top economic adviser, Brian Deese, has sought the Taiwanese government’s help resolving a global semiconductor shortage that’s idling U.S. car manufacturing plants, according to a letter reviewed by Bloomberg News.In the letter, Deese thanked Taiwan’s minister of economic affairs, Wang Mei-hua, for her personal engagement on the microchips shortage and relayed concerns from U.S. automotive companies.Deese’s letter shows that top White House officials have become involved in trying to resolve the shortage, which has presented an early challenge to Biden’s administration. Deese, the director of the National Economic Council, as well as National Security Adviser Jake Sullivan are both personally engaged in the effort to address bottlenecks in auto companies’ supply chains, a White House spokesperson said.The spokesperson asked not to be identified by name because the talks have been private. Wang told rep ....

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BSE NSE Sensex Today, Stock Market Latest Update: February 16 Share Market, Trade BSE, Nifty, Sensex Live News Updates | सेंसेक्स 32 पॉइंट की मामूली बढ़त के साथ 52,200 के स्तर पर, मेटल शेयरों में सबसे ज्यादा खरीदारी

BSE NSE Sensex Today, Stock Market Latest Update: February 16 Share Market, Trade BSE, Nifty, Sensex Live News Updates | सेंसेक्स 32 पॉइंट की मामूली बढ़त के साथ 52,200 के स्तर पर, मेटल शेयरों में सबसे ज्यादा खरीदारी
bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.

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Auto companies to hike prices again as steel rates soar


Auto companies to hike prices again as steel rates soar
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The increase in raw material costs is set to trigger a second round of price hikes in the auto industry with manufacturers indicating a markup of 1-3%. Mahindra & Mahindra, Eicher Motors and Ashok Leyland may hike prices in April-May to neutralise the pinch of the sharp rise in costs of steel, aluminium and other metals.
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(This story originally appeared in
on Feb 15, 2021)CHENNAI: The increase in raw material costs is set to trigger a second round of price hikes in the auto industry with manufacturers indicating a markup of 1-3%. Mahindra & Mahindra, Eicher Motors and Ashok Leyland may hike prices in April-May to neutralise the pinch of the sharp rise in costs of steel, aluminium and other metals. ....

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