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In early 2024, the federal government rolled out a plan to achieve its ambitious goal of EVs making up 50% of all new car sales by 2030 and putting together a countrywide network of 500,000 charging stations and it will invest $7.5 billion to help build the charging infrastructure.
The highest passenger vehicle brand to grow was the country’s biggest automobile manufacturer Maruti Suzuki. In 2023-23 it exported 2,80,712 vehicles which was a good 9% jump from the 2,55,439 units the Japanese company exported the year before.
Indian benchmark indices closed lower by more than 1%.
Vehicle sales across categories rose by 12.5 per cent to 2,38,53,463 as against 2,12,04,846 units in fiscal year 2022-23
This exercise will put under the lens imbalances in import duties, rules of origin and non-tariff barriers
This has pitted the telecom companies in direct confrontation with consumer rights groups who are eager to impose more accountability of the companies vis-à-vis quality of service
These discussions, although in their early stages, have been ongoing for over a month, indicating both parties' interest
The auto sector witnessed a double-digit increase across various categories, driven by strong demand for passenger vehicles, three-wheelers, and tractors
If frequent shocks of climate-induced inflation happen it would necessitate a tighter monetary policy, which is detrimental to the growth story that India is betting on.
The codes are a few years old. In 2019, the Parliament passed the Code on Wages. The Social Security Code, Industrial Relations Code and the Code on Occupational Safety, Health and Working Conditions were passed in the following year.