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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. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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India’s auto industry will hit Rs 25 lakh crore target before time: Vinod Aggarwal | Autocar Professional

Baua Electric

Auto industry veteran Vinod Aggarwal isn’t just highly optimistic about India’s auto market — he has utmost faith that the sector will achieve its Rs 25 lakh crore target with ease, that too well before the proposed deadline of 2027-28. While the target stands, the estimates differ from those taken by a few private rating agencies.

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Tesla’s Elon Musk not attending Vibrant Gujarat Global Summit in India: official

Teslarati

In late December, reports from India suggested that the state government was expecting Tesla to announce its decision about a potential domestic facility in the country at the Vibrant Gujarat Global Summit. The post Tesla’s Elon Musk not attending Vibrant Gujarat Global Summit in India: official appeared first on TESLARATI.

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1.65 lakhs electric vehicles supported under the FAME II scheme 

Electric Vehicles India

Press Release: Ministry of Heavy Industries supports 1.65 Ministry of Heavy Industries( MHI), under Phase-II of FAME India Scheme, supported about 1.65 across 9 Expressways and 16 Highways under FAME India (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India) Scheme Phase II.

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The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

Get Electric Vehicle

G20 Sherpa Amitabh Kant stated that India must aim for 100% electrification of two- and three-wheelers over the next four years. The country’s focus must be on shared, connected, and electrified transportation, Kant stated at the annual meeting of the Automotive Component Manufacturers Association of India (ACMA).

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Made-in-India car and SUV exports rise 3% in April-December, 2Ws, 3Es and CVs still in the red | Autocar Professional

Baua Electric

The latest data for export of made-in-India vehicles was released by industry body SIAM (Society of Indian Automobile Manufacturers) on January 12. The two-wheeler industry, which is the largest volume provider of export numbers, has exported 2.54 million units, exports are down 13% YoY (April-December 2022: 3.80

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Made-in-India car and SUV exports rise 3% in April-December, 2Ws, 3Ws and CVs still in the red | Autocar Professional

Baua Electric

The latest data for export of made-in-India vehicles was released by industry body SIAM (Society of Indian Automobile Manufacturers) on January 12. The two-wheeler industry, which is the largest volume provider of export numbers, has exported 2.54 million units, exports are down 13% YoY (April-December 2022: 3.80

India 52