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No not really. Eastern Europe to be precise. China is now pushing back and setting up industries here in Europe to circumvent tariffs on their products.They have shifted it to China.
No not really. Eastern Europe to be precise. China is now pushing back and setting up industries here in Europe to circumvent tariffs on their products.They have shifted it to China.
No not really. Eastern Europe to be precise. China is now pushing back and setting up industries here in Europe to circumvent tariffs on their products.
Perfectly explained!They were never prepared for technological transformation of the auto industry. They were always high on diesel and petrol and snorting high bonuses. This is a true Nokia moment for German auto makers. Their survival is literally is in the hands of their government.
Wasn't there a TBM manufactured in India a few years ago, it was mentioned and pictured on DFI.
Yes, built by Herrenknecht with 60% localisation. Rest 40% needs to be imported which chinies aren't allowing apparently.Wasn't there a TBM manufactured in India a few years ago, it was mentioned and pictured on DFI.
Yes, built by Herrenknecht with 60% localisation. Rest 40% needs to be imported which chinies aren't allowing apparently.
View attachment 13490
Honestly, Piyush should be more concerned about the likes of BEML or L&T not building them in India with indigenous IPRs despite the fact that we've achieved >60% localisation for HK's TBMs already.
Because they are too busy manufacturing rolling stock. Who do you think makes our Vande Bharat trains and upcoming Indian-made bullet train apart from ICF Chennai? Yes it's BEML .BEML on its website showcase every single construction equipment at its arsenal. But till now never seen an BEML equipment's employed on Road constructions, never seen BEML showroom for selling this products.
MINING & CONSTRUCTION – BEML India
bemlindia.in
Only seen TATA-Hitachi, JCB and other brands like Eicher.
They were never prepared for technological transformation of the auto industry. They were always high on diesel and petrol and snorting high bonuses. This is a true Nokia moment for German auto makers. Their survival is literally is in the hands of their government.
Its the Risk averse German mentality.Perhaps the pressure from oil and gas lobby?