UK ELECTRIC VEHICLE IMPORT TARIFFS
'US deal could spur further liberalisation'
India's economic growth remains strong, with foreign direct investment continuing to show promising figures. Arvind Panagariya emphasizes the need for deeper trade liberalization, increased privatization, and judicial reforms. He highlights the importance of attracting long-term productive investments, especially from private equity. Trade agreements with the UK and European Union are expected to further bolster India's economy.
UK weighs tariffs on Chinese EVs amid ‘dumping’ concerns: Report
Britain is contemplating the implementation of tariffs on Chinese electric vehicle imports in the near future. This consideration arises from concerns regarding the potential flooding of the market with state-subsidised vehicles. Business Minister Jonathan Reynolds is preparing a package of potential tariffs for Chinese vehicle imports. British officials are eager to align their strategy with the European Union to protect the national car industry.
Pakistan's inflation remains in double digits as fuel, power costs bite
Pakistan's inflation eased to 10.3 per cent in September 2026, down from 11.1 per cent in August, but remained above the government's projections as rising electricity and fuel costs continued to offset the relief from lower food inflation. The figures released by the Pakistan Bureau of Statistics showed that consumer prices rose 1.3 per cent month-on-month in September.
China launches anti-dumping probe into chemical compound p-nitrotoluene from the EU
China has launched an anti-dumping investigation regarding p-nitrotoluene imports from the European Union due to trade tensions. This investigation follows a complaint from the domestic industry in China about pricing practices for this chemical compound. Preliminary evidence indicates that EU prices dropped significantly over the past few years, raising concerns among Chinese manufacturers. Trade officials from the European Union plan to visit Beijing shortly to discuss these issues further.
India's motor car exports witnessing healthy growth in EFTA market: Piyush Goyal
India's exports of motor cars and heavy waters have seen significant growth since the trade agreement implementation. The trade and economic partnership agreement with EFTA has created market access for the majority of India's exports. The EFTA countries have committed to invest USD 100 billion in India over 15 years.
BMW to cut 8,000 jobs in Germany as AI-led restructuring takes shape
BMW plans to eliminate around 8,000 jobs in Germany as part of its cost-cutting restructuring plan. The German luxury automaker aims to enhance competitiveness amid challenges such as weak demand and increasing Chinese competition. It intends to cut management roles by 20% and streamline its organizational structure while focusing on enhanced artificial intelligence.
- Go To Page 1
Ashok Leyland's best year in its history, and what the annual report says about holding on to it
Ashok Leyland sold more commercial vehicles in FY26 than in any year since it was founded, earned its highest-ever profit, and closed with Rs. 5,899 crore of net cash. Where does the company go from here? What strategies will it adopt? A close reading of the 340-page annual report, along with the company's year-end call and the June-quarter filing, provides the answers.
Fuel-efficiency rules 2027: How CAFE-III norms will affect EVs, hybrids, small cars & petrol vehicles
India’s CAFE-III norms will come into force from April 1, 2027, tightening fleet-wide fuel-efficiency targets for passenger vehicle manufacturers until March 2032. The framework offers higher compliance benefits for EVs, hybrids and alternative-fuel vehicles, allows credit trading and incentives for fuel-saving technologies, and introduces carbon-neutrality factors. The rules could influence automakers’ product strategies and future vehicle choices.
Jammu and Kashmir government notifies Electric Vehicle Policy 2026
The Jammu and Kashmir government notified the Electric Vehicle Policy 2026 after its approval by the council of ministers chaired by Chief Minister Omar Abdullah. The policy has set a six-year roadmap to expand sustainable electric mobility across the state, which also caters to its geography and climate. It targets 1.40 lakh electric vehicles by 2032. The policy also brings in infrastructure and regulatory enhancements.
Delhi pollution rules: What changes from October 1 as new rules impact private cars, buses, delivery fleets & school transport
Delhi winter plan: Delhi is poised to introduce stricter vehicle regulations aimed at reducing winter pollution levels. This includes banning older vehicles and progressively shifting to electric models for commercial and personal use. The new rules will affect various transport categories, including buses, goods vehicles, and private motorists. As part of the measures, a 'No PUCC, no fuel' rule will be applied across NCR.
Stricter CAFE III norms notified for automakers: Cos need to cut average fuel usage of PV fleets over a 5-year period
The Indian government has rolled out the CAFE III guidelines, pushing automakers to significantly reduce fuel consumption. This will entail a consistent decline in the average fuel usage of passenger cars over the next five years.
Beyond the 7% headline: S&P maps the forces driving India’s next growth phase
India’s economy is set to grow 7% in FY27, according to S&P Global, which sees domestic demand, private investment, manufacturing, trade, energy security, renewable power, digital infrastructure and technology shaping India’s next phase of economic growth.
TERI study finds CNG has lower lifecycle environmental burden than EVs under India's current power mix
As India steps up efforts to accelerate electric mobility and reduce its dependence on imported crude oil, a new study by The Energy and Resources Institute (TERI) has found that compressed natural gas (CNG) currently has a lower overall lifecycle environmental burden than electric vehicles (EVs) across most vehicle categories, primarily due to the country's coal-dependent electricity generation mix.
CAFE III fuel efficiency norms notified for cars: 3x credit for battery EVs, no special benefit for small cars
The Indian government has announced Corporate Average Fuel Economy norms for passenger vehicles effective from April 2027. These standards include fuel consumption calculations based on various vehicle types, including electric and hybrid models. Manufacturers must report CO2 emissions and actual fuel consumption annually to ensure compliance. A system of credits and debits will be established for vehicle manufacturers based on their compliance levels.
Ford CEO Jim Farley strikes cautious note on Chinese automakers, says Europe is 'too late'
Ford's CEO Jim Farley urged careful consideration of how Chinese automakers enter the US market and warned against potential negative impacts. He cited Europe's experience as a cautionary example, indicating that it's already problematic there. Although Ford seeks partnerships with some Chinese companies for capital efficiency, it also plans to compete against them directly.
Happy Hours! UK trade pact brings scotch prices down in India
Scotch prices in India have decreased significantly for the first time following the India-UK free trade agreement. Major brands like Johnnie Walker Black Label and J&B are experiencing price reductions in various states. The agreement has halved the tariff on British whisky, leading to these lower prices. Companies are working to submit proposals for price adjustments in other regions as well.
RBI aligns new trade rules with nine-month export realisation norm
The Reserve Bank of India has reversed a previous decision allowing exporters 15 months to repatriate earnings. The new deadline set is 9 months for bringing back export proceeds into the country. This change aims to increase dollar liquidity and support the Indian rupee in the foreign-exchange market. Additionally, the RBI has provided banks with expanded powers concerning trade transactions before the new rules take effect.
From motorcycles to booze, US ban on $1 billion worth of Canadian imports goes into effect
The United States of America has banned nearly $1 billion worth of Canadian imports, which includes alcoholic beverages, dairy products and motorcycles. The move comes as a rebuttal against Canada's retaliatory tarriffs against previous American tarriffs on Canadian goods. Candian Prime Minister Mark Carney is rapidly pushing for new trade partnerships.
Bharat Housing Network raises $5 million from Symbiotics under $75 million green bond programme with BII
Bharat Housing Network has secured $5 million in green bonds to enhance financing for clean energy projects. This financing, backed by Symbiotics, will support rooftop solar installations and electric vehicle purchases. The company aims to issue up to $25 million in green bonds by the end of the next financial year. BHN has enabled significant credit for low- and middle-income borrowers and contributed to reducing CO2 emissions.
US bans select Canadian products: Full list of alcohol, dairy, and motorcycle imports affected
New US import restrictions on Canadian goods came into effect on September 29. The measures target selected alcoholic beverages, whey and other dairy-related products, molasses and certain motorcycles. The restrictions are part of a wider trade dispute between the two countries.
US and China release reciprocal $30 billion product lists for tariff cuts after Trump-Xi meeting
The United States and China have released lists of products for tariff reductions to boost bilateral trade. The agreement includes around 1,619 U.S. goods and 77 categories of Chinese products. These changes may enhance market access for U.S. businesses and lower consumer prices in the U.S. Economic experts suggest the impact may be limited given the overall trade volumes. Analysts predict continued recovery in U.S.
US-China tariff cuts: $30 billion trade relief plan unveiled; check full list of goods
The US and China have announced plans to reduce tariffs on about $30 billion of imports from each other. This tariff relief follows a meeting between Donald Trump and Xi Jinping aimed at stabilizing trade relations. The agreement is part of efforts to extend the existing trade truce until January while resolving ongoing disputes. Tariff reductions will cover a wide variety of non-sensitive goods to benefit both economies.
India-UK trade deal: CBIC eases paperwork for UK imports seeking preferential tariffs
The CBIC has made it easier for importers to claim preferential tariffs under the India-UK trade agreement. A valid origin declaration from UK exporters will generally suffice to prove origin. Previously, Form-I was necessary with every Bill of Entry for claiming preferential treatment. Now, this documentation is not required for routine import declarations. This change aims to streamline the customs process and reduce import barriers.
UK appoints Harshbir Sangha as Deputy High Commissioner to Karnataka
Harshbir Sangha has been appointed as the UK's new Deputy High Commissioner to Karnataka and will enhance trade ties. Sangha is tasked with strengthening investment, technology, education, and climate cooperation between the UK and Karnataka. He will also act as the UK's Deputy Trade Commissioner for Investment in South Asia. This role becomes essential as the UK-India Comprehensive Economic and Trade Agreement comes into effect.
EaseMyTrip's EMTev rolls out electric buses in Bhopal, targets 5,000 units annually in 5 years
Easy Green Mobility has started the deployment of electric buses in Bhopal and plans to manufacture 5,000 buses yearly. The company aims to establish a comprehensive mobility ecosystem that includes manufacturing and operations. Their initial electric bus models have received type approval and feature advanced technology. For future expansion, the focus is on localizing the supply chain and reducing import dependency.
BMW India CEO Hardeep Singh Brar reveals what’s changing in India’s EV scene
BMW Group India President and CEO Hardeep Singh Brar said India’s growing EV charging network is helping boost confidence among electric vehicle buyers, particularly for long-distance travel. With over 52,000 public charging stations, including more than 16,000 fast chargers, BMW is also expanding its own network, which is open to EVs of all brands. Brar said one in four BMW cars sold in India is now fully electric.
America’s power grid is heading toward a difficult electricity crunch. Could the answer already be sitting quietly in millions of parking lots?
American power grids face a severe double strain. Surging electricity demand from new data centers and industrial electrification is colliding with extreme summer heat waves that strain existing generator capacity. Meeting those sudden evening spikes usually means firing up costly, inefficient fossil fuel peaker plants. Yet a massive battery capacity already exists, sitting parked in municipal lots and port corridors for most of the day.
A Xi-Trump summit deal can throw US carmakers under the China bus
US automakers, suppliers and dealers are lobbying the Trump administration to keep Chinese carmakers out of the American market ahead of President Donald Trump’s meeting with Chinese President Xi Jinping. The push follows Trump’s comments that he would allow Chinese companies to build vehicles in the US if they employed American workers, raising concerns that Washington could offer market access as part of a broader trade deal. Industry groups representing major automakers have urged the administration to bar Chinese firms from selling, importing or manufacturing vehicles in the US, citing economic and national security risks.
India clears 642 UK car imports under FTA in two months of implementation
India has approved import quotas for 642 passenger vehicles from Britain. These imports will benefit from concessional tariffs under a new trade pact. Seven companies secured allocations for the remainder of this year's quota. The Directorate General of Foreign Trade had invited applications for vehicle imports. This move facilitates trade under the India-UK Comprehensive Economic and Trade Agreement.
Load More
