Honda to quit F1 to focus on zero-emission technology

Honda to quit F1 to focus on zero-emission technology

TOKYO (Reuters) – Japan’s Honda Motor will end its participation as an engine supplier in the FIA Formula One World Championship at the end of the 2021 season to focus on zero-emission technology, it said on Friday.

The decision was made at the end of September and the company does not intend to return to F1, Chief Executive Takahiro Hachigo said in an online news conference.

“This is not a result of the coronavirus pandemic but because of our longer-term carbon-free goal,” he said.

Like other automakers, Honda is rushing to build new-energy vehicles in an industry shift that Hachigo on Friday described as “once in a century”. That race is accelerating amid the coronavirus outbreak as carmakers review production plans to capture market share with new models including low or zero-emission vehicles.

Honda, which returned to F1 in 2015 and last year began in supplying engines to the Red Bull Racing team, said it will divert the resources it used to build F1 engines towards efforts to accelerate development of zero-emission technologies such as fuel cells and batteries.

“We understand how difficult it has been for Honda Motor Company to reach the decision. We understand and respect the reasoning behind this,” Red Bull Team Principal Christian Horner said in a statement.

Honda is launching its first mass-produced all-battery car this month – the Honda e – and has announced plans for two thirds of the company’s output to be new-energy vehicles by 2030.

Domestic rival Toyota Motor Corp last week said it expects annual sales of electric vehicles to reach 5.5 million in 2025, five years earlier than initially planned.

Reporting by Tim Kelly and Chris Gallagher; Editing by David Goodman

Battery is the Engine of EV Revolution

Battery is the Engine of EV Revolution

by WAF Think Tank 

 

The Chemical of the last decade : Cobalt

• Child Labour & Pollution issues in Battery  Manufacturing

• Battery Disposal and Recycling 

• Unending Quest for More and More Range at Lower Cost 

• Battery Swapping and Innovative Charge Points 

 

Elon Musk having an event at Tesla and calling it Battery Day says it all.

Battery seems to be the New Arms Race of Mobility. The Most desirable chemical of last decade has been Cobalt. Most Lithium Ion batteries are Cobalt based.

More than 50% of Cobalt reserves are concentrated in a small country in central Africa called “Congo”.

This country has huge challenges of Corruption, Child labour, Environment damage around cobalt mining. Severe exploitation of workforce, child labour, unsafe and dangerous work environment are frequently reported from the mining sites.

Severe Environment Impact 

Continue reading “Battery is the Engine of EV Revolution”

Charge your EV at Local Kirana Shop and Electric Poles : India Innovates!

Charge your EV at Local Kirana Shop and Electric Poles : India Innovates!

by WAF Think Tank 

EV is a global phenomenon. Tesla became world’s most valued car maker despite being around for just a decade and with global annual sales volume under 370K. There is surely a lot of hype around EV Tech and Innovations. At the same time, it also seems the inevitable global future!

All Auto Makers have Electric Tech, Products and a future EV strategy already in place!

Electric Charging Network Pre requisite to EV Revolution ?

This could have been true for most other countries. India is an exception, as she chooses to innovate very differently, kill two birds with one stone.

The two birds being generate revenue and employment at grass root level and the other not to invest too much time and resources in doing so!

So ChargePoint, the World’s biggest Electric Charging Co is valued at USD 2.4 B pre IPO with currently 115K charging stations and planned expansion to 2.5 M charging stations by 2025

We have greater value at the bottom of the pyramid waiting to be unearthed! Here’s How…

Continue reading “Charge your EV at Local Kirana Shop and Electric Poles : India Innovates!”

WAF proposes an Exit Compliance Code for Exiting Auto Cos

WAF proposes an Exit Compliance Code for Exiting Auto Cos

by WAF Think Tank 

Times are challenging amidst the Global Pandemic. Jobs losses, pay cuts are the part of the “New Normal”. Health care cost for fighting the pandemic is no less. Mental wellbeing & business sentiment are at their nadir.

To add to the misery, foreign auto cos announce exits. Harley-Davidson just announced their exit from the Indian Market as part of their Operation Rewire. They are closing down their plant. The dealers shall continue to offer services as long as the duration of their “Contract”. This duration remains a “Big Secret”

Most Senior Level employees already allegedly pushed out in the last one year! Psst ..!

Great brands hiding behind euphemism of their expensive PR Agencies.

Stark Reality :

As per FADA, Federation of Automotive Dealer Associations, the exit of HD India shall lead to more than 2k persons losing their livelihood.

Continue reading “WAF proposes an Exit Compliance Code for Exiting Auto Cos”

WAF Certified Pro Program – Be a Better “You”

WAF Certified Pro Program – Be a Better “You”

Top 1K + High Performers’ Secrets in a Program! Can you Miss it ?

Energise your Life & Career with this 3 Day Power Packed Course,  7 am – 8 am IST, Thurs, 8 Oct – Sat, 10 Oct 2020

Last Few Seats Left at Rs 499/-  About to revert to 1500/-

By Registering, you Agree to Our Terms & Conditions, Click here to view

For any Query , please contact Gerald Louis “Jerry” , 8368746841 , jerry@waf.bz

Last 8 years, WAF Jury & Research Teams have evaluated more than 1K Top Leaders for the Prestigious WAF Awards. We found a few qualities common amongst them.

WAF Certified Pro Program assimilates those Winning Qualities & Habits. Unmissable! Right ?

Top 3 Deliverables : 

1. An Hour a day for 3 Days
2. WAF Certificate on Successful Completion
3. It’s Beyond Theory : Practical Role Plays and Participative! 

Get Coached by Master Trainer – Anuj Guglani – CEO, WAF 

Continue reading “WAF Certified Pro Program – Be a Better “You””

Industry needs to forget its First Love “Wholesale” and focus on Life Partner “Retail”

Industry needs to forget its First Love “Wholesale” and focus on Life Partner “Retail”

by Anuj Guglani, CEO, World Auto Forum

• The Automotive Industry’s obsession with Wholesale

• Almost like the College Crush who is hard to forget and keeps coming back ! 

• It’s time to embrace the life partner called Retail! 

 

The year was 2018. The Industry had prepared for the festive season in a similar way, pumping inventory down the dealers’ necks. We all know what happened. The inventory got stuck and had a domino effect, all through the subsequent year. It eventually led to the biggest sales drop in 20 years in 2019.

The reasons cited for low demand back then were : 1. High Insurance Cost 2. High fuel Prices 3. Rise of Shared Mobility Options.

The reasons in 2020 are far more serious and we know it.

In Short, we can’t afford to repeat the mistakes of 2018 in 2020

We need focussed thinking and absorption of consumer sentiment and Industry stakeholders’ feedback

These 5 Basic Questions can be a starting point :

Continue reading “Industry needs to forget its First Love “Wholesale” and focus on Life Partner “Retail””

WAF Annual Partner : High Quality Sanitising Products at Reasonable Prices

WAF Annual Partner : High Quality Sanitising Products at Reasonable Prices

When the unlockdown began, we got feedback and requests from several Workshops for Quality Sanitisation Products at Reasonable Prices.

We evaluated several players and selected Chemi Kleen Solutions who have been making & exporting Hygiene Products last Half a century.

Sanitisation is here to stay. Going forward, we can’t afford to either pay high prices or cut corners in usage. So we asked Chemi Kleen to develop Best Quality Products at Reasonable Prices.

It’s our pleasure to introduce you to the Newest Annual Partner at WAF : Chemi Kleen Solutions.

We encourage you to evaluate them and their hygiene products

Continue reading “WAF Annual Partner : High Quality Sanitising Products at Reasonable Prices”

Tesla’s Musk hints of battery capacity jump ahead of industry event

Tesla’s Musk hints of battery capacity jump ahead of industry event

SEOUL (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has suggested the U.S. electric carmaker may be able to mass produce batteries with 50% more energy density in three to four years, which could even enable electric airplanes.

His comments came as speculation is growing about announcements at Tesla’s anticipated “Battery Day” event where it is expected to reveal how it has improved its battery performance.

“400 Wh/kg *with* high cycle life, produced in volume (not just a lab) is not far. Probably 3 to 4 years,” Musk tweeted on Monday in response to a Twitter thread by Sam Korus, an analyst at ARK Investment Management LLC, about why Musk keeps hinting at a Tesla electric plane.

Researchers have said the energy density of Panasonic’s (6752.T) “2170” batteries used in Tesla’s Model 3 is around 260 Wh/kg, meaning a 50% jump from the current energy density which is key to achieving a longer driving range.

Continue reading “Tesla’s Musk hints of battery capacity jump ahead of industry event”

Teachers’ Day Special  “What I learnt from My Gurus” 

Teachers’ Day Special  “What I learnt from My Gurus” 

Top Industry Gurus in the House.
Can you Miss it ?

We had started this Program Series WAF Gurus Live! during the Lockdown to empower and motivate the Industry folks round the world. It has already crossed 1 Million Views!

 Teachers’ Day Special : An Ode to our Gurus & Teachers by the Top Industry Gurus. World Premiere on #WAFTV, 10 AM, Sat, 5 Sept, 2020  https://worldautoforum.com/waf-tv/

Top Automotive & Mobility Gurus shall power to pay their ode to their Gurus! 
It shall go a long way in inspiring and awakening a whole New Generation, especially during these times, when we need to be there for each other the most. It’s the Time for Physical Distancing and being Socially closer than ever before!

China’s EV maker Nio launches battery leasing service

China’s EV maker Nio launches battery leasing service

BEIJING/SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Nio Inc has launched a battery leasing service that will allow drivers to buy an EV without owning the battery pack – one of the most expensive EV components – thereby lowering the starting price of its cars.

The service, called “battery as a service” (BaaS), entails drivers paying a monthly rental fee for use of the batteries.

The cheapest Nio car after subsidies is now an ES6 sport-utility vehicle (SUV) priced 273,600 yuan ($39,553) without ownership of the battery pack, versus 343,600 yuan including the pack.

“We believe with BaaS, more customers of gasoline cars will consider electric vehicles,” Nio’s chief executive William Li told reporters.

Nio operates 143 battery-swapping stations around China, where drivers can swap spent battery packs for fully charged replacements. Li said Nio was building a new battery-swapping station in China every week and planned to build 300 new stations next year.

Continue reading “China’s EV maker Nio launches battery leasing service”

VW India introduces Power Lease and Secured Resale Value Programs

VW India introduces Power Lease and Secured Resale Value Programs

VW India is known for pioneering and innovative offerings. They have recently launched two programs with Customer Convenience and Hassle Free Ownership in Mind! 

1. VW Power Lease

This program takes away the costs of servicing, depreciating value of the car. One can book the entire amount as expense. Time to just enjoy the immersive driving experience of the immaculate VW cars!

          A Few Interesting features like : 

         a.  Rental Holidays

         b. Zero Down Payment 

         c. Worry- free Maintenance

         d. Upto 30% Tax Benefit

Continue reading “VW India introduces Power Lease and Secured Resale Value Programs”

WAF Gurus Live Series Crosses 1 Million Views!

WAF Gurus Live Series Crosses 1 Million Views!

By WAF Editorial Team

16 Programs, 4 Months, 87 Thought Leaders and 1 Million + Views! 

It is a Moment of great pride and honour for us at World Auto Forum.

In a about 4 Months ,we have exceeded 1 Million Views of our Popular Series WAF Gurus Live!

We began WGL March End 2020, while the entire world was under a lockdown! It was to empower, educate, motive and coach the Automotive and Mobility Industry members.

16 Programs, 4 Months, 87 Thought Leaders and 1 Million + Views! 

A Series of focussed programs on myriad topics ranging from Dealer Health, Supply Chains, After Sales Service, Legal Compliances, Cyber Security, Solar Energy, Pre Owned Vehicles, Shared Mobility, EV and many more

Three Cheers to WAF Members, our WAF Gurus, who powered them and Our Annual Partners :

Annual Gold Partners : Gallops Motors, MotorUncle.com

Annual OEM Partner : VW India 

Annual Partners : Amplus Solar, Shell Lubricants, K2B Learning 

Annual Associate Partner : Jubilant MotorWorks

Media Partners : Auto Tech Review and The Patriot

This wouldn’t have been possible without our Stellar WAF Team –  Jerry Sir, Mohini and Kunal 

Continue reading “WAF Gurus Live Series Crosses 1 Million Views!”

Sugato Sen : A Strong Pillar at SIAM Superannuates

Sugato Sen : A Strong Pillar at SIAM Superannuates

by WAF Editorial Team 

Sugato Sen, one of the most prominent personalities, an institution in himself, the pillar of SIAM superannuated last week. 

SIAM – Society of Indian Automobile Manufacturers is the apex body of Auto Makers at India for last several decades.

 

Mr Sen has been serving as Deputy Director General at SIAM. He has been spearheading several activities &  initiatives for the Industry and the Society at Large. He has been the secretary of several working councils at SIAM which overlook most of the activities across International Business, Market & Economic Affairs.

“Sugato sir, as we have address him at the Industry, has limitless energy of a college student, a Big heart which beats for the Industry and the Society and to top it all, Industry Knowledge and Insights which can beat any Think Tank, hands down, across the World. We hope he keeps doing the great work in different ways”, commented Anuj Guglani, CEO, World Auto Forum

Continue reading “Sugato Sen : A Strong Pillar at SIAM Superannuates”

Remembrance and Prayers for Ashesh Dhar, Tata Motors : A Big Loss to Industry

Remembrance and Prayers for Ashesh Dhar, Tata Motors : A Big Loss to Industry

by WAF Editorial Team 

This sad and shocking news came late last night. We lost Ashesh Dhar, Head Sales, Marketing and Customer Care EV Business at Tata Motors to cardiac arrest.

The Industry has been pouring its heart out to this horrid news.

Ashesh had been a great friend and a supportive colleague to many across his long and diverse work experience in the Automotive Industry.

He went to National High School at Srinagar and thereafter did his Mechanical Engineering from BITS Pilani.

In 1991, he joined Bajaj Auto as a GET where he served for 7 years. He then moved to TVS Motor Co and enjoyed a great stint of 10 years there.

In 2007, he joined Mahindra First Choice Wheels ( MFCW) as Vice President.

In 2011, he moved to Tata Motors where he had yet another great stint across sales, marketing, customer care. The company elevated him as head of EV Business.

He was instrumental in the creating a brand for Tata Motors in the EV Space.

Continue reading “Remembrance and Prayers for Ashesh Dhar, Tata Motors : A Big Loss to Industry”

WAF Gurus Live 15 : Employee Health and Safety in the Covid Era
Volkswagen sees Amazon-built ‘industrial cloud’ as future B2B marketplace

Volkswagen sees Amazon-built ‘industrial cloud’ as future B2B marketplace

(Reuters) – Volkswagen AG (VOWG_p.DE), Europe’s largest automaker, is expanding its cloud-based software and data portal, aiming to develop it into an industry-wide marketplace where business customers can buy and sell industrial applications, the company said on Thursday.

VW’s “industrial cloud” was designed in partnership with Amazon Web Services and eventually will link more than 120 VW factories around the world to the automaker’s 1,500 suppliers and their 30,000 plants.

The portal is intended as a place to exchange data and software to help accelerate the digitalization of factory processes from stamping to painting to machinery maintenance, according to Nihar Patel, VW’s executive vice president for strategic core projects.

 VW has opened the portal to the first group of supplier partners, led by Siemens AG. Those partners are expected to contribute software applications to be shared with VW and among themselves, in what the automaker described as “an App Store approach.”

Continue reading “Volkswagen sees Amazon-built ‘industrial cloud’ as future B2B marketplace”

Bajaj Auto focuses on exports as India battles pandemic

Bajaj Auto focuses on exports as India battles pandemic

NEW DELHI (Reuters) – Bajaj Auto (BAJA.NS) is betting that an early recovery from the ravages of COVID-19 in motorcycle sales in its export markets will help it offset pandemic-related disruption at home, its chief financial officer said.

The Indian company, which also sells rickshaws and small commercial vehicles, is already the largest exporter of motorcycles from its domestic market, where sales have been slow to pick up due to local lockdowns.

“All our export markets were also affected but recovery has been better (there) than in India,” Soumen Ray told Reuters in an interview late on Wednesday. “We will continue to remain aggressive on exports.”

Bajaj plans to open an assembly plant in Brazil within 18 months, as well as a design office in Thailand to handle sales for the ASEAN region, and another design office in Europe, Ray said.

Exports make up 40%-45% of group motorcycle sales, Ray said.

This year, however, they have predominated. Between January and June, it exported 664,000 motorcycles while selling 589,000 in India, company data showed.

Continue reading “Bajaj Auto focuses on exports as India battles pandemic”

Auto Industry has its Doors & Arms Wide Open during Covid Era

Auto Industry has its Doors & Arms Wide Open during Covid Era

by Anuj Guglani, CEO, World Auto Forum

The auto industry is one tough industry to crack. As in, enter for business or work. Most join the Industry as interns and retire as CXOs!

The Suppliers and the Dealers are also a close knit fraternity. They compete and cooperate!

Co-opetition in the Truest Sense

Whether its the technical thing or the passion or both, surely works as an insulator as well as an adhesive here!

Last 3 months + of Covid have changed a lot of things especially the “Tough to Crack” part. The industry has opened up!

Supply Chain Shift Shocks make Auto Makers look for Alternatives

The Procurement Teams at Auto Makers are a worried lot lately. Till the time there was a complete lockdown, everything was shut and it was still ok, well less worrisome!

Since the production resumed, their supplies suffered shocks almost every week. Most Auto makers follow Lean Manufacturing, Direct on Line or Just in time concepts. Now when suppliers location gets proclaimed as a Containment Zone at drop of a Hat, their supplies get stuck.

The situation exacerbates as Tier 1 Suppliers are dependent on Tier 2, Tier 3…Tier N Suppliers. Any one getting contained down the chain, the final supply to Auto makers gets affected. That vehicle booking gets cancelled at the Dealer end and thats trouble!

Resilient and Dynamic Supply Chains 

They become a need of the hour. There have to be back ups and redundancies at different locations as the Show Must Go On! This needs rethinking and fine tuning not just with the auto maker and Tier1 but across the supply chain. It goes beyond redundancies and covers automation, digitalisation, resource allocation & real time coordination and sharing.

Coming together and working as “One Industry, One Family” thereby becomes a pre requisite.

Continue reading “Auto Industry has its Doors & Arms Wide Open during Covid Era”

WAF Gurus Live 13 : Legal Dispute Resolution in the Covid era
Tesla’s Musk approaches a $1.8 billion bonanza

Tesla’s Musk approaches a $1.8 billion bonanza

(Reuters) – Tesla Inc’s blistering stock rally is putting Chief Executive Elon Musk in reach of a payday potentially worth $1.8 billion, his second jackpot from the electric car maker in about two months.

 Fueled by stronger-than-expected car deliveries, shares of Tesla have surged over 40% in the past seven sessions, elevating the company’s market capitalization to $259 billion. More important for Musk’s personal finances, Tesla’s six-month average market capitalization has reached a record $138 billion.Hitting a six-month average market capitalization of $150 billion would trigger the vesting of the second of 12 tranches of options granted to the billionaire to buy Tesla stock as part of his 2018 pay package. In early May, Musk’s first tranche vested after Tesla’s six-month average stock market value reached $100 billion.

Musk has already achieved targets related to Tesla’s financial growth that are also required in order to vest the approaching options tranche.

Each tranche gives Musk the option to buy 1.69 million Tesla shares at $350.02 each. At Tesla’s current stock price of $1,397, Musk would theoretically be able to sell the shares related to the tranche that vested in May and the upcoming tranche for a combined profit of over $3.5 billion, or $1.8 billion per tranche.

Musk’s first tranche was worth about $700 million in May, when it vested, but its value has since increased along with Tesla’s stock price.

Tesla has surged 500% over the past year as the company increased sales of its Model 3 sedan.

Tesla last week reported higher-than-expected second-quarter vehicle deliveries, defying plummeting sales in the wider auto industry as the coronavirus pandemic slammed the global economy.

The solid delivery numbers heightened expectations of a profitable second quarter, which would mark four consecutive profitable quarters, a first for Tesla, and a key hurdle to be added to the S&P 500 index.

Musk, who is also the majority owner and CEO of the SpaceX rocket maker, receives no salary, only the options in his pay package. A full payoff of all tranches would surpass anything previously granted to U.S. executives.

When Tesla unveiled Musk’s pay package, it said he could theoretically reap as much as $55.8 billion if no new shares were issued. However, Tesla has since issued shares to compensate employees, and also sold shares in secondary offers, including a $2 billion stock sale in February.

Reporting by Noel Randewich; Editing by Alden Bentley and David Gregorio

Pre Owned Vehicle Business in the COVID Era

Pre Owned Vehicle Business in the COVID Era

Top Industry Gurus in the House.
Can you Miss it ?

Register and Attend on Sat, 11 July, 5 pm -6:15 pm IST

Last 10 Slots Left! Register Fast! 

By Registering, you Agree to Our Terms & Conditions, Click here to view

For Any Help or Query, please connect with Mr Jerry at jerry@waf.bz , 8368746841 , Team World Auto Forum

You shall receive your Log in Details for the Online Program, 30 Min Before the Program Begins, by email. If you don’t receive, pls let us know!

Continue reading “Pre Owned Vehicle Business in the COVID Era”

Uber widens taxi app to Japan’s Tokyo but ride-sharing still barred

Uber widens taxi app to Japan’s Tokyo but ride-sharing still barred

TOKYO (Reuters) – Uber Technologies (UBER.N) launched a ride-hailing smartphone application in Tokyo on Friday in partnership with three domestic taxi firms, even as strict regulations block its popular ride-sharing service in Japan.

The taxi-hailing app, already introduced in smaller cities, connects app users to taxis run by Hinomaru Limousine, Tokyo MK Corp and Ecosystem in the Japanese capital.

Uber is not allowed to run its own ride-sharing fleet in Japan as it does in the United States and elsewhere since local regulations ban non-professional drivers from ferrying paying customers.

Eager to build a customer base in the world’s third-biggest economy, Uber has focused on expanding its Uber Eats food delivery service, which has proven popular, particularly amid the coronavirus pandemic.

Didi Mobility Japan, a joint venture of China’s Didi Chuxing and SoftBank Corp, has also introduced a service in Japan to connect customers with taxis.

Reporting by Ritsuko Ando; Editing by Clarence Fernandez

WAF Gurus Live 11 : Make in India During Covid Era
WAF Gurus Live 10 : Buy Vs Lease Vs Hire Vs Subscribe : The New Consumer

WAF Gurus Live 10 : Buy Vs Lease Vs Hire Vs Subscribe : The New Consumer

Add to Calendar

Top Mobility Gurus in the House.
Can you Miss it ?

Register and Attend on Sat, 27 June, 5 pm -6:30 pm IST

By Buying the Ticket, you Agree to Our Terms & Conditions, Click here to view

For Any Help or Query, please connect with Mr Jerry at jerry@waf.bz , 8368746841 , Team World Auto Forum

Continue reading “WAF Gurus Live 10 : Buy Vs Lease Vs Hire Vs Subscribe : The New Consumer”

Coronavirus raises stakes as auto unions ready for a fight

Coronavirus raises stakes as auto unions ready for a fight

PARIS/FRANKFURT (Reuters) – The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe’s auto industry is to manage a shift to low-emission vehicles.

Because of the COVID-19 pandemic and a broader economic slowdown, demand for light vehicles is expected to shrink by 36 million globally by the end of 2022, consultants AlixPartners found.

For this year alone, this is equivalent to a market the size of Europe disappearing, AlixPartners said.

The contraction increases an existing threat to jobs from electric cars, which are quicker and easier to build than those with combustion engines and which have German and French government backing as the countries strive for a green recovery.

“Once the consensus between labour leaders and management has broken down, it is extremely difficult to implement restructuring in Europe,” Stefan Bratzel, a professor at the Centre of Automotive Management in Bergisch Gladbach, Germany, said.

Continue reading “Coronavirus raises stakes as auto unions ready for a fight”

WAF Gurus Live! 9 : How to Prevent and Fight Cyber Attacks

Global Cyber Attacks at Honda | China gets Super Normal | Board Changes at Toyota | PM Modi peps up India Inc and More

World Auto Forum brings to you Impactful, Uplifting & Empowering News from the Global Auto & Mobility World Every Week


INDIA AUTO NEWS

PM Modi to India Inc: ‘Time for bold investments, not conservative decisions’ Livemint

For second day, coronavirus recoveries in India surpass active cases Livemint

Tata AutoComp partners Tellus Power Green on EV infrastructure Livemint

Honda Motorcycle And Scooter India Affected By Cyber Attacks; Production Schedule Adjusted carandbike

How Maruti Suzuki is making a case against diesels using a cost calculator Autocarindia

Petrol, diesel price hiked for 5th day today. Check latest rates in top cities Livemint

Uber launches hourly rentals in 17 Indian cities Autocarindia

Coronavirus Pandemic: Honda Introduces Easy Car Finance Options For Customers carandbike

Google Maps gets COVID-19-related features Autocarindia

MG India partners with Tata Power to create fast chargers Autocarindia



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Germany will require all petrol stations to provide electric car charging

Germany will require all petrol stations to provide electric car charging

The move could provide a significant boost to electric vehicle demand along with the broader stimulus plan which included taxes to penalise ownership of large polluting combustion-engined sports utility vehicles and a 6,000 euro subsidy towards the cost of an electric vehicle.

Germany’s announcement follows a French plan to boost electric car sales announced last week by President Macron.

“It’s a very clear commitment to battery-powered vehicles and establishes electric mobility as a technology of the future,” energy storage specialist The Mobility House, whose investors include Daimler (DAIGn.DE) and the Renault-Nissan-Mitsubishi alliance, said.

“Internationally this puts Germany in the leading group of battery electric vehicle support.”

Continue reading “Germany will require all petrol stations to provide electric car charging”

Migrant Workers Exodus: Whose fault is it Anyway?

Migrant Workers Exodus: Whose fault is it Anyway?

by Anuj Guglani , CEO , World Auto Forum

 

•The Great Migrant Exodus

•How Many Affected : 10 Million or Much More ?

•How many killed : Hundreds. Major causes : Dehydration, Starvation, Fatigue & Road Accidents

•Could it have been prevented ?

The lockdown was announced unannounced on 24 March. Overnight everything was shut. Factories, Offices, Trains, Airports, Ports. Yes thats what Lockdown is! Never seen in India’s history. So no precedence, no reference!

The Quasi Federal Structure of our country could empower the Central Govt to do it. USA took a while to go in lockdown as they are pure federal. There, each state governor needs to ratify. Here it was just one Man’s speech and its done.

So what pushed the migrant workers to leave. The straight answer is No Money, No food, no shelter. They are the first to bear the axe. They have no Permanent employment, No EPF, no nothing. Living for the day, day in and out.

Continue reading “Migrant Workers Exodus: Whose fault is it Anyway?”

‘Enough is enough’: South African opposition leads protests outside U.S. missions

‘Enough is enough’: South African opposition leads protests outside U.S. missions

PRETORIA/JOHANNESBURG (Reuters) – Demonstrators gathered outside U.S. missions in South African cities on Monday to condemn the killing of George Floyd, the black man whose death in police custody has set off a wave of protests worldwide and ignited a debate about race and justice.

Protesters led by opposition party the Economic Freedom Fighters (EFF) carried placards saying “Black Lives Matter” and “Black people are not slaves” outside the U.S. Embassy in Pretoria and consulates in Johannesburg and Cape Town.

The leader of the ultra-left EFF, Julius Malema, told a crowd of several hundred protesters outside the embassy that it was important for South Africans to stand in solidarity with African Americans.

Continue reading “‘Enough is enough’: South African opposition leads protests outside U.S. missions”

Ford re-evaluates office space in coronavirus world

Ford re-evaluates office space in coronavirus world

DETROIT (Reuters) – Ford Motor Co (F.N) is re-evaluating how much office space it needs for white-collar workers as restrictions put in place during the coronavirus pandemic are eased and employees return to workplaces.

In March, Ford, General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCA) (FCHA.MI)(FCAU.N) told salaried employees to work from home to prevent the spread of COVID-19.

Ford brought back 12,000 salaried employees last month, and others have been told they can work from home until September, spokeswoman Marisa Bradley said. Given potential workplace changes caused by the outbreak, a facility consolidation the No. 2 U.S. automaker had already launched could accelerate.

“If we know we are going to have a smaller population that’s going to come back to work, we could look at maybe shrinking our footprint,” Bradley said.

U.S. companies are wrestling with who can work from home and how much office space is necessary.

Continue reading “Ford re-evaluates office space in coronavirus world”

The Auto World this Week at India, Asia, US, China, EU 🚌 🚙 🚚 🚲

 

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INDIA AUTO NEWS

Reopening supply chains a Herculean task now: Rajiv Bajaj tells Rahul Gandhi Livemint

FADA Wants Manufacturers To Increase Fixed Dealer Margin To 7% Of Selling Price carandbike

All-new GWM Haval B06 SUV revealed Autocarindia

Maruti Suzuki Launches Safety Accessories To Battle COVID-19 carandbike

Centre right in announcing relief package for small industries, farmers and migrant workers: Bosch Jt MD The Hindu Business Line

How COVID-19 has changed car servicing Autocarindia

Auto sales data for May shows gradual pickup in demand Livemint

MG Motor India Sanitises More Than 3000 Police Vehicles In 29 Days carandbike

Volkswagen T-Roc almost sold out in India Autocarindia

Hyundai expects more customers to buy cars through digital platforms Livemint

2021 Toyota Fortuner facelift revealed Autocarindia

Hero Electric Sued By Honda Motor Over Electric Scooter Design Infringement carandbike



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Corona and Zorba the Buddha

Corona and Zorba the Buddha

by Anuj Guglani, CEO, World Auto Forum

 

Corona means different things to different folks round the world.

On one hand, you have a few defiant industrialists who complain India got the strictest and an unwanted lockdown so early on, just to be opened up and eased out with rising cases. On the other, we have Mukesh Ambani raising US$ 7 billion from Global Investors during the same Period. Period!

There are developed nations of the west emulating Anti Covid measures of the Govt of India, of which many we began more than 2 months back.

You have the upper middle & elite class go overboard on cooking, baking, partying, binge netflixing, zooming and you have migrant workers walking 200 km without food and much water and collapsing on the roadside to die, including pregnant women.

There are companies donating to PM Cares fund and the same ones also firing their own employees citing, ‘No Money’. The law of the land allows these companies to donate their CSR Fund but stops them to use the same funds for paying salaries and if done, company directors can face arrest, prosecution and ouster! Ha ha ! Do we really need Kapil Sharma to make us laugh?

Continue reading “Corona and Zorba the Buddha”

Nissan warns UK plant ‘unsustainable’ without EU trade deal: BBC

Nissan warns UK plant ‘unsustainable’ without EU trade deal: BBC

LONDON (Reuters) – Nissan’s (7201.T) car manufacturing plant in Sunderland, northern England, which employs 7,000, is “unsustainable” if Britain leaves the European Union without a trade deal, it said on Wednesday.

Ashwani Gupta, the Japanese company’s global chief operating head, told the BBC its commitment to the car plant, the United Kingdom’s largest, could not be maintained if there was no tariff-free access to the bloc.

The EU is the biggest market for the factory, which made just under 350,000 vehicles last year and builds the Qashqai, Juke and Leaf models.

 “You know we are the number one carmaker in the UK and we want to continue. We are committed. Having said that, if we are not getting the current tariffs, it’s not our intention but the business will not be sustainable. That’s what everybody has to understand,” Gupta told the BBC.

The United Kingdom left the EU on Jan. 31 but the main terms of its membership remain in place during a transition period until the end of this year, allowing it time to negotiate a new free trade deal with the bloc. However, the talks are at an impasse.

Continue reading “Nissan warns UK plant ‘unsustainable’ without EU trade deal: BBC”

German auto stimulus to boost VW’s electric push

German auto stimulus to boost VW’s electric push

BERLIN/FRANKFURT (Reuters) – Germany unveiled sweeping incentives for cheap electric cars, providing a boost to Volkswagen’s (VOWG_p.DE) electric push while penalising heavy sports utility vehicles (SUVs) with new staggered taxes for polluting combustion-engined cars.

Buyer incentives for passenger cars, including a lowering of value added tax (VAT) to 16% from 19% were included as part of a 130 billion euro ($145.74 billion) stimulus but analysts said it would not be enough to significantly boost car demand.

“The lowering of VAT will hardly provide an impetus,” said Peter Fuss, a partner at EY, adding that electric cars are still too much of a niche product to lift the overall market.

Germany included a 6,000 euro incentive for battery electric cars costing below 40,000 euros, bringing consumer incentives for electric cars to 9,000 euros once a 3,000 euro manufacturer stipend is included. [nL8N2DH2E8]

Continue reading “German auto stimulus to boost VW’s electric push”

Renault finalises 5 billion euro state-backed loan

Renault finalises 5 billion euro state-backed loan

PARIS (Reuters) – Renault (RENA.PA) finalised on Wednesday a 5 billion euro ($5.60 billion) loan from with the French government, strengthening the carmaker’s finances in the wake of the coronavirus pandemic which has ravaged the auto industry.

Renault said that the credit facility carried a guarantee from the French state – which owns a 15% stake in Renault – of up to 90% of the total amount borrowed.

 Banks BNP Paribas (BNPP.PA), Credit Agricole (CAGR.PA), HSBC France (HSBA.L), Natixis (CNAT.PA) and SocGen (SOGN.PA) were involved in the credit deal.

Renault also said in a statement that the loan would help finance the company’s liquidity requirements.

 The carmaker announced last week plans to cut about 15,000 jobs worldwide, including 4,600 in France, where the company will seek voluntary departures and use retirement schemes.

The announcement sparked weekend protests at some factories, including at Maubeuge in northern France, although Renault’s chairman Jean-Dominique Senard has pledged the site will not be closed.

($1 = 0.8925 euros)

Reporting by Sudip Kar-Gupta and Matthieu Protard; Editing by Keith Weir and Louise Heavens

Heads of U.S. automakers, other Michigan companies condemn racism, injustice

Heads of U.S. automakers, other Michigan companies condemn racism, injustice

DETROIT, June 3 (Reuters) – Top executives of the Detroit Three automakers and other major Michigan employers on Wednesday condemned racism and injustice in the United States following the death last week of an unarmed black man at the hands of Minneapolis police, carefully joining a charged national debate.

General Motors Co Chief Executive Mary Barra, Ford Motor Co Executive Chairman Bill Ford, and Fiat Chrysler Automobiles NV (FCA) North America Chief Operating Officer Mark Stewart were among the nine executives who called for independent prosecution of those involved in Floyd’s death, and agreed to invest in programs and policies to help transform communities with racial disparities.

“We unequivocally condemn intolerance,” Barra said at the event at Detroit’s municipal office which was livestreamed. “When hatred exists in our house, we will root it out.”

Barra said inclusion would be GM’s guiding principle, and called on GM employees to speak up and tell her what needs to be done. “We want to be part of meaningful, deliberate change,” she said. “We will act.” Barra said earlier this week she will form a new “inclusion advisory board” to advise the company’s top executives.

Continue reading “Heads of U.S. automakers, other Michigan companies condemn racism, injustice”

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