Topic
china competition
Indian Transformer Makers Shrug Off China Re-entry; Capacity Ramp-Up and Strong Demand Offset Competition
The Indian government granted a two-year exemption under the Public Procurement Order for four Chinese-owned manufacturers—TBEA, Nanjing Electric, New Northeast Electric, and Taikai Electric—to bid for local power transmission projects. Indian transformer makers, however, remain undeterred due to ongoing capacity expansions and strong demand, with only TBEA having significant capacity to compete. The exemption requires these Chinese entities to manufacture in India with 50-60% domestic content.
Volkswagen considers 4 German factory closures, 1 lakh job cuts amid China competition and US tariffs: Report
Volkswagen is considering closing four factories in Germany and increasing job cuts to up to 1,00,000, according to Reuters. The proposals, to be discussed on July 9, are part of a massive restructuring driven by competitive pressure from Chinese automakers and weak demand. More than 45,000 additional jobs could be affected, adding to 50,000 planned layoffs.