Automobile wholesales in India declined 11 percent year-on-year in August, because the semiconductor shortage hit production processes across the industry, SIAM said on Friday. The total wholesales across categories, excluding commercial vehicles, declined to fifteen ,86,873 units last month, compared to 17,90,115 units in August 2020. According to the newest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler dispatches […]
Afghan Economic Meltdown Would Be “Gift For Terrorists”: UN Chief
United Nations: UN Secretary-General Antonio Guterres appealed on Friday for an injection of money into Afghanistan to avoid an economic meltdown that might spark a “catastrophic” situation for the Afghan people and be a “gift for terrorist groups.” His remarks come after his special envoy on Afghanistan, Deborah Lyons, warned the safety Council on Thursday that the freezing of billions of […]
Why Ford is exiting India and what it means for customers
The Ford Escort still looms large in my memory. Until its launch in 1995, the posh segment was largely moribund, apart from the wholly-unattainable Mercedes-Benz E-Class and a couple of other names. But, the Escort seemed novel, as did the blue oval emblazoned on its bonnet. Ford, the American automotive giant that gave the planet the Model T , the Mustang, the Thunderbird and lots of such […]