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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. Exports of auto parts from the country, in fact, increased by nearly one-third to INR 1.42

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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 Motor Show and now at the IT trade fair CeBIT in Hanover, Germany, Volkswagen Group executive management has begun to outline its “Future Tracks” program which will address, among other things, what Chairman of the Board of Management Prof. Information technology has been a key component of the automobile industry for some time.

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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.

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KPMG Survey: execs say connected car generates 10x revenue than a conventional vehicle; market share based on units “outdated”; BEVs #1 trend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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Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

Ford Motor Company and Zotye have agreed to establish Zotye Ford Automobile Co., We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. Earlier post.).

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Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Like many rivals, the two believe that software (including autonomous driving, connectivity, and AI) will “determine the value of vehicles in the future.” Mitsubishi Motors has unique technologies and expertise and has been collaborating with Nissan as a partner,” Nissan’s CEO Makoto Uchida said. And that’s just one market.

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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. There will be eminent speakers like Rajendra Petkar, President & CTO, Tata Motors, Henrik Fisker, Chairman and CEO, Fisker Inc.,

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