Latest news with #BE
Time of India
2 days ago
- Automotive
- Time of India
Tesla will raise the bar for high-end EVs
Velusamy R is president, automotive technology and product development, at Mahindra and Mahindra. His focus is electric mobility in particular. The man who set up Mahindra Research Valley (on Chennai's outskirts), has turned it into an innovation hub that drives M&M's product development. He now spearheads the EV portfolio, the XUV and BE (born electric) brands. In a conversation with TOI, he spoke about EVs, Tamil Nadu, and the future. Excerpts: MRV is the crucible that birthed M&M's born electric range. When you first started working on this project, what was TN's EV ecosystem like? When we embarked on the development of the electric origin SUV at MRV in 2021, the EV ecosystem in TN was in a nascent stage. It was a moment of curiosity rather than capability. Our supplier partners were still building their EV-specific competencies, academia hadn't fully pivoted toward EV-focused research, and policy frameworks were in the process of evolving. Despite challenges, we recognized untapped potential. At MRV, we had a rich pool of engineers, research scholars, and technocrats. What we needed was to equip them with skills required for cutting-edge EV tech. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn How To Write Faster for Work (Find Out Now) Grammarly Learn More Undo To bridge this gap, we collaborated with experts in academia and consultants from Europe, the US, Korea, the UK, and across the globe to develop specialized knowledge and expertise. Over time, MRV transformed into a nucleus of innovation, bringing together engineering talent, fostering component development, and cultivating a culture of innovation. This effort laid the foundation for developing the electric origin SUVs. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai How has the local EV ecosystem evolved? Today, we see tier-1 and tier-2 suppliers investing in EV-specific tech. The govt has backed this with targeted EV policies & TN is becoming a leading EV hub with major global and domestic automotive players investing here. The state is actively expanding its EV charging infrastructure to accelerate EV adoption. The state also continues to offer 100% road tax exemption and capital subsidies, making it a more attractive destination for EVs in India. Cities such as Coimbatore, where our Mahindra Software Defined Vehicle centre is located, are emerging as strong hubs for software development. We have leveraged the local tech base to develop electrical architecture from the ground up and a software-defined vehicle platform for our electric-origin SUVs. With Tesla finally debuting in India, will the battle for high-end luxury EVs heat up? How will it impact the manufacturing and component sourcing ecosystem? The arrival of Tesla will undoubtedly raise the bar, especially in the premium EV segment. But we see this as an opportunity. At Mahindra, competition pushes us to innovate. Chairman Anand Mahindra summed it up perfectly when he welcomed Tesla with a message, "Competition drives innovation. Looking forward (sic) to seeing you at the charging station." While initial local impact on manufacturing may be limited, it sends the right signals encouraging suppliers to scale up and align with global benchmarks. TN govt is looking to expand its EV footprint to include battery scrappage and recycling as well as raw material. Is that the right way? Are other EV hubs in India also doing that? Tamil Nadu's push into battery recycling and scrappage infrastructure shows foresight. The state is looking at EVs not just from a product development and manufacturing lens, but from a full life-cycle perspective. Other states are also taking early steps under the Centre's guidelines, which is encouraging. What are the most critical requirements that a state must have to become an EV product development hub? What more can Tamil Nadu do in this respect? We need strong engineering talent, a robust base in electronics manufacturing and software suppliers, battery & cell development capability, coupled with R&D support. Tamil Nadu already has a solid foundation both in academia as well as the supplier ecosystem.
Business Times
3 days ago
- Business
- Business Times
Trump tariffs to decimate China profits: analysis
Most of China's industries cannot survive US President Donald Trump's tariffs at current levels, according to a new analysis by Bloomberg Economics (BE). Tariffs now set at roughly 40 per cent compare with average industrial profit margins of about 14.8 per cent in 2024. That gap could prompt more intense price cuts, weakening profits, and – in the worst case – layoffs and potentially a wave of bankruptcies and closures, analysts Chang Shu, David Qu and Maeva Cousin found. Among industries most at risk are textiles, IT and communication equipment and furniture manufacturing. Of 33 industrial sectors that analysts considered, only five have margins that are wider than tariff rates. They include pharmaceuticals, tobacco and oil and gas extraction. 'Some companies with a heavy dependence on the US market may not survive,' economists led by Chang Shu wrote in a research note on Thursday (Jul 17). 'Others will scramble to adapt – accepting lower margins, laying off workers, cutting wages, and potentially flooding the domestic and other foreign markets with cut-price goods.' The findings underscore the economic risks that tariffs pose to the world's second-largest economy at a time when domestic consumption remains sluggish. Trade officials continue to negotiate with US counterparts on a bilateral deal to avoid another escalation in levies; earlier this year, tariffs on China soared to 145 per cent. Data last week underscored the Asian giant's reliance on industrial production and exports to fuel growth. While gross domestic product advanced 5.2 per cent in the second quarter, outpacing analysts' estimates, it was helped by shipment frontloading and manufacturers cutting prices, both of which are tough to sustain. Nearly half of China's industrial sectors rely on overseas markets to absorb 10 per cent or more of their output, the BE analysis found, and the US remains the country's largest single-country trading partner. Elevated tariffs could, in the long run, prompt companies in the US to source goods from other countries, the analysts wrote. To be sure, there are factors that could cushion the blow to China's industry, including exports to other countries in which goods do not face the same trade barriers. Some products may also be absorbed by domestic demand. Some sectors have also cornered the global market, making it difficult or impossible for US firms to find needed items elsewhere. China's government could also step in with additional fiscal support. BLOOMBERG
Business Times
3 days ago
- Business
- Business Times
Trump tariffs to decimate China profits: Bloomberg Economics
Most of China's industries can't survive US President Donald Trump's tariffs at current levels, according to a new analysis by Bloomberg Economics (BE). Tariffs now set at roughly 40 per cent compare with average industrial profit margins of about 14.8 per cent in 2024. That gap could prompt more intense price cuts, weakening profits, and – in the worst case – layoffs and potentially a wave of bankruptcies and closures, analysts Chang Shu, David Qu and Maeva Cousin found. Among industries most at risk are textiles, IT and communication equipment and furniture manufacturing. Of 33 industrial sectors that analysts considered, only five have margins that are wider than tariff rates. They include pharmaceuticals, tobacco and oil and gas extraction. 'Some companies with a heavy dependence on the US market may not survive,' economists led by Chang Shu wrote in a research note on Thursday (Jul 17). 'Others will scramble to adapt – accepting lower margins, laying off workers, cutting wages, and potentially flooding the domestic and other foreign markets with cut-price goods.' The findings underscore the economic risks that tariffs pose to the world's second-largest economy at a time when domestic consumption remains sluggish. Trade officials continue to negotiate with US counterparts on a bilateral deal to avoid another escalation in levies; earlier this year, tariffs on China soared to 145 per cent. Data last week underscored the Asian giant's reliance on industrial production and exports to fuel growth. While gross domestic product advanced 5.2 per cent in the second quarter, outpacing analysts' estimates, it was helped by shipment frontloading and manufacturers cutting prices, both of which are tough to sustain. Nearly half of China's industrial sectors rely on overseas markets to absorb 10 per cent or more of their output, the BE analysis found, and the US remains the country's largest single-country trading partner. Elevated tariffs could, in the long run, prompt companies in the US to source goods from other countries, the analysts wrote. To be sure, there are factors that could cushion the blow to China's industry, including exports to other countries in which goods don't face the same trade barriers. Some products may also be absorbed by domestic demand. Some sectors have also cornered the global market, making it difficult or impossible for US firms to find needed items elsewhere. China's government could also step in with additional fiscal support. BLOOMBERG
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Business Standard
4 days ago
- Business
- Business Standard
China's industrial sectors at risk as Trump tariffs exceed profit margins
Most of China's industries can't survive President Donald Trump's tariffs at current levels, according to a new analysis by Bloomberg Economics. Tariffs now set at roughly 40 per cent compare with average industrial profit margins of about 14.8 per cent in 2024. That gap could prompt more intense price cuts, weakening profits, and — in the worst case — layoffs and potentially a wave of bankruptcies and closures, analysts Chang Shu, David Qu and Maeva Cousin found. Among industries most at risk are textiles, IT and communication equipment and furniture manufacturing. Of 33 industrial sectors that analysts considered, only five have margins that are wider than tariff rates. They include pharmaceuticals, tobacco and oil and gas extraction. 'Some companies with a heavy dependence on the US market may not survive,' economists led by Chang Shu wrote in a research note Thursday. 'Others will scramble to adapt — accepting lower margins, laying off workers, cutting wages, and potentially flooding the domestic and other foreign markets with cut-price goods.' The findings underscore the economic risks that tariffs pose to the world's second largest economy at a time when domestic consumption remains sluggish. Trade officials continue to negotiate with US counterparts on a bilateral deal to avoid another escalation in levies; earlier this year, tariffs on China soared to 145 per cent. Data this week underscored the Asian giant's reliance on industrial production and exports to fuel growth. While gross domestic product advanced 5.2 per cent in the second quarter, outpacing analysts' estimates, it was helped by shipment frontloading and manufacturers cutting prices, both of which are tough to sustain. Nearly half of China's industrial sectors rely on overseas markets to absorb 10 per cent or more of their output, the BE analysis found, and the US remains the country's largest single-country trading partner. Elevated tariffs could in the long run prompt companies in the US to source goods from other countries, the analysts wrote. To be sure, there are factors that could cushion the blow to China's industry, including exports to other countries in which goods don't face the same trade barriers. Some products may also be absorbed by domestic demand. Some sectors have also cornered the global market, making it difficult or impossible for US firms to find needed items elsewhere. China's government could also step in with additional fiscal support.
News18
15-07-2025
- Entertainment
- News18
BTS' Jungkook Confirms K-Pop Band's Comeback Album For Spring 2026, Says ‘I'm A Bit Worried'
Last Updated: The update came during a recent live session on Weverse, where BTS members Jimin, Taehyung (V), and Jungkook reunited to interact with fans and drop a few exciting revelations. BTS fans finally have a reason to rejoice. Jungkook has confirmed that the group's much-awaited comeback album is in the works and is slated to release in spring 2026. The update came during a recent live session on Weverse, where BTS members Jimin, Taehyung (V), and Jungkook reunited to interact with fans and drop a few exciting revelations. As the members reminisced about their time in the military, Jimin shared a hilarious memory of Jungkook singing in his sleep. 'It sounded amazing," Jimin said, as translated by @BTStranslation on X. Jungkook explained that he had a dream-within-a-dream scenario and woke up wanting to record the melody. However, since phones were not allowed, it wasn't possible. 'I could have remembered it if I had been awake," he joked. — jungkook admirer₇ (@dreamjeons) July 15, 2025 The biggest surprise came when Jungkook opened up about BTS' upcoming group album, which will be their first full release since 2020's BE. 'We're aiming for next spring. Now, no matter what the outcome is, we have to release something. Right?" Jungkook said. Jimin agreed, adding, 'Our ARMY has waited so long, we can't delay it any longer." While the anticipation is high, Jungkook admitted he's feeling a bit of pressure. 'We have to work hard until next spring. Honestly, I'm a bit worried," he confessed. With all members now discharged from their mandatory military service, BTS is set for a full-fledged return in 2026. Jin and J-Hope were the first to complete their service, followed by the remaining members in recent months. Jungkook also touched upon his songwriting process, comparing himself to BTS leader RM (Namjoon). 'I can't write lyrics like Namjoon-hyung. I'm very straightforward and realistic, so the wording doesn't come out," he said. After nearly four years, BTS is finally ready to return and ARMYs around the world couldn't be more excited. First Published: July 16, 2025, 00:56 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
