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India Vehicle Registrations Tumble By 13.43% In February Says FADA

The Federation of Automobile Dealers Associations (FADA) has released Monthly Vehicle Registration Data for February 21. February 21 Registration. The overall auto Registrations continued to fall in double digits by -13.43% YoY in the month of February. Tractor sales continued positive momentum by growing 18.89% YoY while Passenger Vehicles also showed double digit growth at 10.59% YoY.
This growth was majorly due to low base of last year as India had started transitioning from BS-4 to BS-6 emission norms. On a YoY basis, 2W, 3W and CV continued their fall by -16.08%, -49.65% and -29.53% respectively. Passenger vehicle waiting period continued to remain as high as 8 months as scarcity of semiconductors continued to linger around. Dealer inventory for PV and 2W remained in range of 10-15 and 30-35 days. Auto Retail Industry continues to await the fine prints of Voluntary Scrappage Policy. ....

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exports: Taiwan's exports continue growing on strong demand for chips

Synopsis
The government more than doubled its forecast for export growth this year to 9.6%, citing increased demand for Taiwan’s semiconductors.
iStock
Taiwanese employers also appear to be confident, with local companies showing the strongest intention to hire more staff in the second quarter in a ManpowerGroup Inc. survey of 43 markets worldwide.
Taiwan added to signs the global economy is shaking off the effects of the coronavirus pandemic, with exports rising for an eighth straight month in February.
Overseas shipments rose 9.7% last month to a record high for February, fueled by exports of electronics and semiconductors, the Ministry of Finance said Tuesday in Taipei. Imports rose 5.7% and the trade surplus was $4.51 billion. ....

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Chinese Regime Rolls Out New Plans to Overtake the US in Technology

Chinese Regime Rolls Out New Plans to Overtake the US in Technology
During the annual meeting of China’s rubber-stamp legislature earlier this month, the Chinese regime proposed new plans to bolster its research and development in critical technology sectors in order to surpass the United States and achieve global dominance.
Meanwhile, U.S. think tanks and lawmakers have proposed strategies to counter the threat posed by China’s tech ambitions.
According to the Five-Year Plan (2021-2025) reviewed at the ongoing China’s national congress on March 5, the Chinese regime pledged to make “science and technology a strategic pillar for national development” in order to reduce China’s reliance on other countries for key technologies. ....

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Lawmakers plan fast fixes for defense supply chain

Lawmakers plan fast fixes for defense supply chain
March 10
Rep. Elissa Slotkin, D-Mich., is co-chair of a new congressional task force on defense supply chain vulnerabilities. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON ― With an eye on semi-conductors, rare-earth minerals and China, a new congressional task force on defense supply chain vulnerabilities plans to tee up fast legislative fixes for inclusion in the annual defense policy bill in just three months.
The task force’s co-chairs, Reps. Elissa Slotkin, D-Mich., and Mike Gallagher, R-Wis., told reporters Wednesday they would work closely with the Pentagon as it assesses fragilities in its supply chain, in response to a recent order from President Joe Biden and reporting requirement to Congress. ....

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Oil nearing $70 worries consumer nations, may hamper economic recovery

Read more about Oil nearing $70 worries consumer nations, may hamper economic recovery on Business Standard. Consuming nations will bear the cost of pricier energy, potentially fanning inflation and hurting their recoveries ....

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