Latest news with #India-produced
Time of India
09-07-2025
- Business
- Time of India
Granules India recalls 33,000 bottles of blood lowering medication in US
Granules India is recalling over 33,000 bottles of Metoprolol Succinate, a generic blood pressure medication, in the US due to manufacturing issues. The USFDA reported that the India-produced lot failed to meet dissolution specifications during stability studies. This Class II recall, initiated on June 24, indicates a potential for temporary or medically reversible health consequences. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Drug firm Granules India is recalling over 33,000 bottles of a generic blood pressure lowering medication in the US due to manufacturing issues, according to the US Food and Drug Administration The Hyderabad-based drug maker is recalling 33,024 bottles of Metoprolol Succinate extended-release tablets in 100 count and 500 count bottles, the US health regulator said in its latest Enforcement Granules Pharmaceuticals Inc is recalling the India-produced lot due to failed dissolution specifications , it product failed to meet dissolution acceptance criteria in the stability studies at the sixth month, USFDA initiated the nationwide Class II recall on June per the USFDA, a Class-II recall is initiated when the use of, or exposure to, a violative product may lead to temporary or medically reversible health consequences , or when the likelihood of serious adverse health outcomes is of Granules India were trading 0.54 per cent down at Rs 479.10 apiece on BSE.
Time of India
04-07-2025
- Automotive
- Time of India
Suzuki is becoming a top Japan importer with made-in-India cars
Suzuki Motor Corp. beat out Mercedes-Benz Group AG to become Japan's top car importer in June, thanks to the Jimny Nomad and another popular small SUV assembled in India. The Japanese carmaker brought 4,780 vehicles into Japan last month, up a dramatic 230-fold jump from a year earlier, overtaking Germany's Mercedes-Benz, according to data from the Japan Automobile Importers Association on Friday. Suzuki also clinched the top stop in April. Although Honda Motor Co. is also known as a longtime importer of its own cars into Japan, Suzuki's feat is notable because it's one of the smaller manufacturers in terms of total global output, well behind market leader Toyota Motor Corp. Automobile imports have become a hot topic again with US President Donald Trump deploying the threat of tariffs to pressure Japan to import more cars made in American. 'Japanese consumers don't particularly care whether vehicles are produced in Thailand, India or Japan if they want a particular car,' said Takeshi Miyao, an analyst at automotive consultancy Carnorama. He argues that General Motors Co., Ford Motor Co. and other US American carmakers aren't able to gain traction in Japan because they don't offer products such as smaller kei cars that appeal to local buyers. The Jimny Nomad, an extended five-door version of Suzuki's popular Jimny model, has been a runaway success. Priced from ¥2.65 million ($18,300), the vehicle attracted about 50,000 pre-orders before it went on sale in April, even though Suzuki had set an initial monthly sales target of 1,200 units. That forced the carmaker to halt orders after just four days due to overwhelming demand. Live Events Suzuki plans to ramp up production of the Jimny Nomad in India from July, which will probably boost import numbers even more. Suzuki also began importing another India-produced compact SUV, the Fronx, in October. Suzuki has a long history of manufacturing and selling cars and motorcycles in India, where were labor and production costs are still low. Suzuki predicts that India's car market will reach 20 million units in annual sales by 2047. It's targeting a 50% market share by Maruti Suzuki India Ltd ., the Japanese automaker's subsidiary, by 2030. Honda has also seen success with its India-produced compact SUV, the WR-V, which was introduced in March of last year at an affordable starting price of around ¥2.1 million. Honda's imported registrations surged about 22-fold year-on-year to 45,107 vehicles last year. The carmaker was also the top importer into Japan during the first three months of 2025. For the first half, Honda ranked second in imports with approximately 22,000 vehicles, trailing Mercedes-Benz's 25,016 units. Suzuki was third, while Nissan was in ninth place with its Thailand-produced Kicks crossover. Jeep, part of European carmaker Stellantis NV, performed relatively well with more than 4,000 units sold from January to June, outpacing imports by GM and Ford.
Yahoo
27-05-2025
- Business
- Yahoo
25% tariff not enough to push Apple to reshore iPhone production
-- A 25% tariff on iPhones imported into the United States is unlikely to drive Apple (NASDAQ:AAPL) to reshore its production, according to Morgan Stanley analysts. 'While 'time to market' of a U.S.-produced iPhone is one major impediment, our math says a 25% tariff on iPhone imports isn't enough incentive for Apple to reshore U.S.-bound iPhone production,' the analysts wrote. They estimate it would take 'a minimum of 2+ years, and several billions' to build new iPhone assembly plants in the U.S. President Trump reignited tariff concerns last week, threatening a 25% import tax on iPhones. The move appeared to be a response to Apple's continued shift of U.S.-bound iPhone assembly to India, away from China. However, Morgan Stanley said the economics still favor overseas manufacturing. 'A U.S.-produced iPhone would be 35% more expensive than a China/India-produced iPhone, much more than the 4-6% price hike needed to offset a 25% import tariff,' the note said. The bank believes Apple's defiance could come at a cost. 'CEO Tim Cook's status with the current administration deteriorates from here,' Morgan Stanley warned, adding that Apple now risks further tariff escalation. 'Is a 50% tariff enough to shift production to the U.S.?' the bank asked. The firm noted that it has already factored in 10-30% tariffs on all U.S.-bound imports beyond the June quarter and estimates the proposed 25% smartphone tariff would only reduce Apple's FY26 EPS by about 11 cents. Despite the pressure, Morgan Stanley believes Apple could neutralize the threat with further U.S. investment, as part of its previously announced $500 billion commitment. Related articles 25% tariff not enough to push Apple to reshore iPhone production - Morgan Stanley Next 300 points likely up for the S&P 500, says JPMorgan Should you buy a dip in BYD shares? JPMorgan weighs in Sign in to access your portfolio
Hindustan Times
15-05-2025
- Automotive
- Hindustan Times
Indian auto industry starts FY26 on mixed note: Domestic sales dip, exports see sharp rise
While the passenger vehicle segment faired well in the domestic market during April 2025, two wheeler industry saw a major downfall (Photo is representational) Notify me The Indian automobile sector started FY 2025–26 positively, with variations in the trends in total vehicle sales. According to new data released by the Society of Indian Automobile Manufacturers (SIAM), total domestic sales in April 2025 were down by 13.3 per cent compared to last year, while total exports were up 15.6 per cent from last year, owing to higher global demand for utility vehicles and motorcycles. Rajesh Menon, Director General, SIAM stated that the passenger vehicles segment posted its highest ever sales of April in 2025 of 3.49 Lakh units, with a growth in total production of 3.9 per cent as compared to April 2024. Three-Wheelers de-grew marginally by 0.7 per cent compared to April of previous year, with sales of 0.49 Lakh units. The Two-Wheeler segment de-grew by 16.7 per cent in April 2025, as compared to April 2024, with sales of 14.59 Lakh units, due to the high base effect of April last year, while it is likely to pick up in coming months. Also Read : Indian auto sector grows with record PV sales in FY25 while EVs surged by 17% Passenger Vehicles: Growth powered by utility vehicles The passenger vehicle (PV) market achieved a domestic sales growth of 5.5 per cent for April 2025, up from 2,87,746 units in April 2024 to 3,03,648 units. Interestingly, this is the only segment in April 202 5 to post a positive growth. The growth came spearheaded by Utility Vehicles (UVs), which achieved a robust 12.1 per cent year-on-year growth, selling 2,01,062 units in the domestic market. However, the other PV sub-segments came under strain. Passenger car sales declined 5.4 per cent to 91,148 units, with van sales declining by 5.2 per cent to 11,438 units. In the exports market, PVs recorded a healthy 19.8 per cent growth to 59,395 units. UVs once more took the lead, with a 63.6 per cent hike in exports, reflecting growing overseas demand for India-produced SUVs from markets in Africa, Latin America, and developing regions of Asia. Two-Wheelers: Domestic decline, exports soar The two-wheeler segment in the domestic market encountered hurdles in April 2025, when total sales decreased 16.7 per cent from 17,51,393 units in April 2024 to 14,58,784 units in April 2025. The category experienced a major hit in motorcycles, which dropped by 22.7 per cent and scooters which declined by 5.7 per cent, and moped which decreased by 7.6 per cent. Also Read : Indian auto buyers shift gears as quality, direct purchases and innovation lead the way: Deloitte Despite the domestic dip, exports of two-wheelers surged by 14.7 per cent , with 3,68,201 units shipped compared to 3,21,050 units a year ago. Motorcycles drove export volumes, increasing 22.9 per cent, followed by mopeds with a record 204.2 per cent increase, albeit on a low base. April 2025 data captures a market in transformation with changing economic forces. As domestic demand remains inflation, fuel price, and rural sentiment-sensitive, exports keep gaining from competitive pricing and international diversification initiatives by Indian producers. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 15 May 2025, 11:40 AM IST
Yahoo
12-04-2025
- Business
- Yahoo
Trump exempts smartphones and computers from new tariffs
US President Donald Trump's administration has exempted smartphones and computers from reciprocal tariffs, including the 125% levies imposed on Chinese imports. US Customs and Border Patrol published a notice late on Friday explaining the goods would be excluded from Trump's 10% global tariff on most countries and the much larger Chinese import tax. The move comes after concerns from US tech companies that the price of gadgets could skyrocket, as many of them are made in China. The exemptions also include other electronic devices and components, including semiconductors, solar cells and memory cards. Some estimates suggested iPhone prices and other electronic goods in the US would have gone up three times if the costs of the tariffs had been passed on to consumers. The US is a major market for iPhones, while Apple accounted for more than half of its smartphones sales last year, according to Counterpoint Research. It says as much as 80% of Apple's iPhones intended for US sale are made in China, with the remaining 20% made in India. Along with fellow smartphone giants such as Samsung, Apple has been trying to diversify its supply chains to avoid over-reliance on China in recent years. India and Vietnam emerged as frontrunners for additional manufacturing hubs. As tariffs took effect, Apple reportedly looked to speed up and increase its production of India-produced devices in recent days. Trump had planned a host of steep tariffs on countries around the world set to go into effect this week. But on Wednesday, he quickly reversed course, announcing that he would implement a 90-day pause for countries hit by higher US tariffs - except China - whose tariffs he raised to 145%. Trump said the Chinese tariff increase was because of the country's readiness to retaliate with its own 84% levy on US goods. In a dramatic change of policy, Trump said all countries that had not retaliated against US tariffs would receive a reprieve – and only face a blanket US tariff of 10% – until July. The White House then said the move was a negotiating tactic to extract more favourable trade terms from other countries. Trump has said his import taxes will address unfairness in the global trading system, as well as bring jobs and factories back to American shores. Will iPhones cost more because of Trump's tariffs on China?
