Sterling Tools changes leadership roles to drive innovations, focus on new verticals
According to the company, Anil Aggarwal is Chairman and Whole Time Director; Atul Aggarwal is Managing Director, and Akhill Aggarwal is Whole Time Director.
According to the company, Anil Aggarwal is Chairman and Whole Time Director; Atul Aggarwal is Managing Director, and Akhill Aggarwal is Whole Time Director.
The regulator said its Office of Defects Investigation has received eight complaints alleging activation of the braking system without an apparent roadway obstruction in the vehicle's forward path, resulting in sudden vehicle deceleration.
The NHTSA said a fracture in the secondary fuel filter in the vehicles could result in a fire, as the proximity of the filter to high heat sources creates a potential for auto-ignition thermal events and fires.
Japan's Mitsubishi Motors said Thursday it had been told by a US court to pay USD 1.01 billion in damages over a 2017 car accident in the United States, adding that it will appeal. "We do not accept the above judgement and MMNA (Mitsubishi Motors North America) plans to appeal to the higher court," Mitsubishi Motors said.
The National Highway Traffic Safety Administration (NHTSA) said last month it was investigating the adequacy and safety consequences of Ford's proposed recall remedy for 2022-2023 model year Bronco Sport and 2022 Ford Escape SUVs with 1.5L engines.
The operating profit is expected to rise 23% in the current business year to reach 109 billion yen, the company said, adding that it expected demand to expand as more car models in affordable price ranges become available.
China has released draft guidelines aimed at reining in the country's lithium battery industry, which has been in Western crosshairs over fears subsidised overproduction could flood global markets with cut-price exports. Foreign officials have warned that with Chinese government support creating more production capacity than global markets can absorb, a flood of cheap exports in key sectors including renewable energy and lithium batteries could hurt industries elsewhere.
"The critical minerals policy will be comprehensive and will cover all aspects from exploration to mining to value addition," one of the sources said. "It will also cover incentives for beneficiation and refining within the country," the source said.
The US is trying to wean the electric vehicle battery chain away from China through its Inflation Reduction Act which is being closely monitored by automakers as they make investment decisions.
The three-pronged strategy of Sona BLW Precision Forgings (Sona Comstar) is : Banking on the protectionist policies of the governments of USA and India to keep the Chinese out, altering the product-mix according to demand swings, and juggling geographies.
Currently, it stands among the top 3 in the Noise, Vibration, Harness (NVH) products segment in the Indian auto market for passenger and commercial vehicles.