India’s Covid-hit auto sector is buzzing once again, thanks to massive pent-up demand and the emergence of a new class of buyers who want to avoid public transport because of pandemic fears. But experts are not sure if this signals a turnaround for the industry.
Anand Mahindra, the Chairman of Mahindra Group, talks ‘India Global Business’ through the company’s newest automotive alliance with Italy’s Automobili Pininfarina and what it means for the future of electric vehicles around the world. What does Mahindra’s new Italian partnership mean for the electric vehicle (EV) sector globally? The Mahindra Group is truly committed to sustainability and we believe that electric mobility is going to be an important step towards it. We have been working vigorously to develop ourselves as [...]
Indian companies created over 100,000 jobs in the US in recent months, which will define the relationship into the New Year. Biocon widens BristolMyers Squibb tie-up Biocon's contract research arm, Syngene International, has expanded its ongoing drug discovery and development with US-based Bristol-Myers Squibb till 2026. Syngene International said in a Bombay Stock Exchange (BSE) filing: "The next phase of the partnership will see the addition of a new facility to support future Bristol-Myers Squibb research and development operations, an [...]
The Indian automobile industry is making its presence felt globally with rising exports, multiple acquisitions and heightened exposure to overseas markets.
In February this year something very uncommon, if not unprecedented, happened in the Indian automotive industry. The country’s largest car maker, Maruti Suzuki India Ltd, exported a batch of 1,800 units of its latest premium compact car Baleno to its home market Japan. Export of cars from India have gained significant volumes and are growing fast but even then this tranche was of special relevance. It was the first time ever that Maruti, where Suzuki owns a majority 54 per cent, was exporting a model from its factories in India to parent Suzuki’s home country. Over the last decade...
There has been a flurry of activity among Indian companies operating in the UK and the wider European Union trading bloc. With the June 23 referendum on the UK’s membership of the EU edging closer, some of these deals may well be impacted.