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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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NHTSA Tells Auto Industry Not to Comply With Massachusetts Data Laws

The Truth About Cars

It’s no secret that various industries attempting to hoard customer data and redefine what constitutes ownership have created a groundswell of consumer resentment. However, the above is really more of a problem with vehicular connectivity in general than anything else.

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Volkswagen Group’s new Future Tracks program targeting digitalization era in auto industry; “James 2025”

Green Car Congress

At the Geneva show, Winterkorn introduced the Future Tracks program by saying : Over the next few years, our industry will face one of the greatest upheavals since the invention of the automobile. One of the main challenges for our industry will be to adapt even faster to the changing needs of customers. Winterkorn.

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KPMG Survey: execs say connected car generates 10x revenue than a conventional vehicle; market share based on units “outdated”; BEVs #1 trend

Green Car Congress

Advancements such as connectivity, big data, autonomous vehicles and artificial intelligence are driving new economic models for automakers, and most see tremendous revenue potential and consumer value in leveraging driver and vehicle data to offer mobility services, according to the 2017 KPMG Global Automotive Executive Study.

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ETAutoTech Summit 2024 kick-starts today, themed ‘Engineering Sustainable Transition’ – ET Auto

Baua Electric

The mega event will take up a wide variety of topics from automobile softwarisation, new manufacturing technologies, to the new-age cockpit, sustainable tech innovations, and similar others. The development of green tires, regenerative AI, ADAS adoption in India, and methods for handling industry disruption are further important subjects.

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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

However, this disparity is anticipated to narrow gradually, fueled by rising disposable income and ushering in a lucrative market for the auto industry. Beyond income growth, several factors are converging to propel the industry forward. Q: What is your vision for 2030 for the auto component industry?

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. Additionally, the auto industry provides 16% of total worldwide R&D funding for all industries. Click to enlarge.