Tag: automotive industry

Auto industry crosses ₹20 lakh crore mark in FY-24; contributes 14-15 pc to total GST: SIAM President

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Auto industry crosses ₹20 lakh crore mark in FY-24; contributes 14-15 pc to total GST: SIAM President

The Indian automotive industry has crossed ₹20 lakh crore mark in FY24 and now contributes 14-15% of the total GST collected in the country, SIAM President Vinod Aggarwal said on Monday (September 9, 2024). The auto sector also contributes significantly to the direct and indirect employment generation in the country, he said while speaking at…

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Business

Automakers creating new steels to make safer, more fuel-efficient cars

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Automakers creating new steels to make safer, more fuel-efficient cars

Like many useful innovations, it seems, the creation of high-quality steel by Indian metallurgists more than two thousand years ago may have been a happy confluence of clever workmanship and luck. Firing chunks of iron with charcoal in a special clay container produced something completely new, which the Indians called wootz. Roman armies were soon…

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Science