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BT Buzz: Mission alloy wheels! The next import substitute from China

Local manufacturers to crank up alloy wheel capacity to tap a thriving market; of the annual requirement of 26 million alloy wheels in India, almost 46 per cent was imported mostly from China in FY20 due to lack of domestic supply

 
 

The Michigan-based company said its vehicle sales in China rose 25% in September quarter to 164,352 units

Earlier this week, the government had waived road tax on all electric vehicles

HCL Tech board declares an interim dividend of Rs 4 per equity share for FY21; salaries of select HCL staff to be hiked from October, others' from January

Every year, more than 2.2 million bicycles are sold in India but almost 50 percent of them are no frills commuter bicycles that cost less than Rs 2,500

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