Four megatrends to impact Indian farm sector the most, tells M&M Farm Division CEO, Auto News, ET Auto

ETAutoFEV: Four megatrends to impact Indian farm sector the most, tells M&M Farm Division CEONew Delhi: Lower amounts of mechanisation, declining selection of farm labourers, decrease realisation from farm manufacturing, and inaccessibility of institutional credit are some of the key issues in the farm sector with the thematic perform of technologies and digitalisation as key components, according to Shubhabrata Saha, CEO, Farm Division, M&M.

In the keynote address at ETAuto.com’s Farm Devices Virtual Summit, Saha said the aforementioned issues would speed up the increase to the key megatrends of mechanisation, digitalisation, platformisation and precision farming.

Gathering pace of farm mechanisation

Farm mechanisation in India is in the first phases, with the mechanisation stage ranging

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Need to create an interface of stakeholders to propel farm sector growth, say experts, Auto News, ET Auto

During the pandemic, the only silver lining in Q1 FY21 was that the agriculture sector rose by 3% despite the GDP contraction by 24%.
In the course of the pandemic, the only silver lining in Q1 FY21 was that the agriculture sector rose by 3% inspite of the GDP contraction by 24%.

New Delhi: There is will need for an interface among all the stakeholders – the federal government assume tanks, industry, R&D centres and academia – in the farm equipment industry to empower unanimous selections and quicker implementation, according to the specialists in the panel dialogue conducted on Wednesday.

The panel dialogue on ‘Product Structure and Development in tune with Emerging Market’ was aspect of the ETAuto Farm Products Digital Summit and moderated

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Toyota Kirloskar MD Masakazu Yoshimura, Auto News, ET Auto

Tax cuts not best way to revive auto demand: Toyota Kirloskar MD Masakazu YoshimuraNew Delhi: Breaking from sector consensus and using a line various from his possess firm executives, Toyota Kirloskar Motor MD Masakazu Yoshimura instructed ET that relatively than lowering taxes, incentivising people to scrap older automobiles and purchase new ones is the very best way to promote demand from customers. The Society of Indian Vehicle Suppliers (SIAM) has sought a 10 share points slash in GST. The sector estimates that inclusive of all levies, such as cess, tax on cars ranges from 28% to fifty%.

RC Bhargava, chairman of the country’s premier automaker Maruti Suzuki, experienced also requested for reduced taxes

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Harley books $75 million in fresh restructuring costs, exits India operations, Auto News, ET Auto

Harley books $75 million in fresh restructuring costs, exits India operationsU.S. bike maker Harley-Davidson mentioned on Thursday it expects to report $75 million in more restructuring expenditures for 2020 related to actions such as discontinuing its income and production functions in India.

The announcement will come two months just after Harley unveiled a tactic to change emphasis again to additional profitable motorcycles and main marketplaces such as the United States.

Harley mentioned previously in the 12 months that it planned to reduce its product or service portfolio and exit decrease quantity marketplaces, without the need of specifying which types.

The firm mentioned it now expects total restructuring expenditures of about

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MG Motor plans to up India investment by Rs 1k cr, Auto News, ET Auto

MG Motor plans to up India investment by Rs 1k crNEW DELHI: Unfazed by the anti-China sentiment, MG Motor has mentioned that it will method the section for advertising of marketplace and interior trade (DPIIT) to make new investments into India as the Chinese carmaker ideas to get in an further Rs 1,000 crore to start new types and increase operations.

Nonetheless, in line with the current alterations in FDI procedures, the business — thanks to its lineage (it’s a sub-model of Chinese auto main SAIC) — will will need to take an acceptance/clearance from DPIIT to make new investments.

“The governing administration has complete appropriate and obligation to determine

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For auto companies, finding a partner to go green may be easier said than done, Auto News, ET Auto

Think: Traditional car company shows it has accessories for the future – electric and hydrogen.
Imagine: Conventional automobile business reveals it has accessories for the future – electrical and hydrogen.

By Anjani Trivedi

In the environment of vehicles, buyers feel to appreciate news of partnerships, synergies and cost-savings as highly-priced tech upends prolonged-held policies of the road. They might need to have a actuality look at.

Car providers throughout the world are wanting for their next green associate, even if they have their personal grand strategies for electrical autos. But cautionary tales are emerging of why the very best way into this brave new environment – compelled by a regulatory push and sky-substantial Tesla Inc.-like

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