India's passenger vehicle retail sales increase by 14 pct in March

STORY: India's passenger vehicle retail sales increase by 14 pct in March DATELINE: April 5, 2023 LENGTH: 00:01:28 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of the India gate 2. various of a two-wheeler showroom 3. various of a four-wheeler showroom 4. various of traffic STORYLINE: Passenger vehicle retail sales in India increased by 14 percent year-on-year in March, said the Federation of Automobile Dealers Association (FADA), India's top body of the automotive retail industry. According to the latest data released by the FADA on Tuesday, two-wheelers, three-wheelers, passenger vehicles, and commercial vehicles grew by 12 percent, 69 percent, 14 percent, and 10 percent, respectively, while tractors grew by 4 percent. Although the two-wheeler segment demonstrated growth over the same period last year, it remains significantly below pre-pandemic levels, indicating that rural India is still bearing the burden of high inflationary costs. "The three-wheeler segment achieved record-high reta

Auto sales in India surge to record high in November

STORY: Auto sales in India surge to record high in November DATELINE: Dec. 10, 2022 LENGTH: 00:01:33 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of auto dealers 2. various of street views in India STORYLINE: Automobile retail sales in India witnessed the best-ever performance in November, according to the Federation of Automobile Dealers Associations (FADA), the top body of the automotive retail industry in India. "November 2022 has clocked highest retails in the history of Indian automobile industry with March 2020 as an exception when retails were higher due to BS-4 to BS-6 (emission standards) transition," FADA President Manish Raj Singhania said in a statement. He said auto retail in November saw an overall growth of 26 percent thanks to festive sales during India's wedding season from mid-November to mid-December, where around 3.2 million weddings are expected to be solemnized across the country. According to the FADA, all categories were in green with two-wheelers, three-wheelers

Why China's Taicang magnet for German enterprises

STORY: Why China's Taicang magnet for German enterprises DATELINE: Nov. 22, 2022 LENGTH: 00:02:05 LOCATION: NANJING, China CATEGORY: ECONOMY SHOTLIST: 1. various of the Taicang Future Factory of CHIRON Group 2. SOUNDBITE 1 (English): WILLI RIESTER, CTO of Chiron Machine Tool (Taicang) Co., Ltd. 3. SOUNDBITE 2 (Chinese): SHEN YI, Deputy director, Marketing department of State Grid Taicang City Electric Power Supply Company 4. SOUNDBITE 3 (Chinese): LU LIJING, Deputy director, Administrative Committee of Taicang Hi-Tech Industrial Development Zone STORYLINE: In the Taicang Future Factory of CHIRON Group in east China's Jiangsu Province, rows of white "boxes" are automatically processing mechanical parts and components. This is CHIRON's newly developed world-leading 5-axis Vertical Processing Center, about three times faster than that of conventional machine tools. SOUNDBITE 1 (English): WILLI RIESTER, CTO of Chiron Machine Tool (Taicang) Co., Ltd. "In 2012, we started our first factory on Fada Road in Taic