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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. These components account for more than 75% of auto parts imported into the country. To be sure, China dominates auto parts supplies to India.

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ETAutoTS: Software, sustainability, cybersecurity to define the future of auto industry – ET Auto

Baua Electric

Rajendra Petkar, President & CTO, Tata Motors Bengaluru: The future of the automotive industry will be defined by technology and software along with sustainability , industry’s top voices said at the Day 1 of the 5th edition of ETAuto Tech Summit concluded on Thursday. This is unlike other sectors.

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BYD offers discounts for Song and Seal as China's auto price war intensifies

CN EV Post

Image from BYD's Weibo) As the price war intensifies in China's auto industry, BYD has also started offering discounts for its two models, even though the official prices remain unchanged. Song family models include the hybrid Song Pro and Song Max, both of which are part of BYD's Dynasty lineup.

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CEO’s Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda – ET Auto

Baua Electric

While India has a position as one of the world’s fastest-growing economies, its motor vehicle penetration per capita remains significantly lower compared to the global average. However, this disparity is anticipated to narrow gradually, fueled by rising disposable income and ushering in a lucrative market for the auto industry.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. billion to USD 44.2 billion to USD 45.4

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Is the Ford Mustang Mach-E the Best Thing To Happen to the EV Industry?

Clean Fleet Report

Is the Ford Mustang Mach-E the Best Thing To Happen to the EV Industry? Opinion: The Perception of EVs Was Changed by the Mach-E This article may contain affiliate links. Making EVs cool The Ford Mustang Mach-E is an all-electric version of one of the world’s most iconic motor vehicles.

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Ford EV production push receives another shove

Teslarati

Ford received terrible news from its first quarter sales results ; its long-time rival General Motors had surpassed it in EV sales, meaning the Blue Oval was no longer the second-largest EV brand in the United States. What do you think of the article? Do you have any comments, questions, or concerns?

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