WAF Gurus Live 21  Managing Teams & Businesses amidst the Second Wave 

WAF Gurus Live 21  Managing Teams & Businesses amidst the Second Wave 

Add to your Calendar 

Sat 17 April , 5 pm to 6 pm ist 

Points of Discussion 

 1. Our teams, Businesses have evolved all through 2020 , well so has the virus!

 2.  100 years back , Spanish Flu had 3 waves, with the second one deadlier than the first one.

 3.  We have already adjusted, tweaked our way of working. What more needs to be done?

Continue reading “WAF Gurus Live 21  Managing Teams & Businesses amidst the Second Wave “

Tesla scouts for showroom space in India, hires executive for lobbying – sources

Tesla scouts for showroom space in India, hires executive for lobbying – sources

The electric-car maker in January registered a local company in India, where it is expected to import and sell the Model 3 sedan by as early as mid-2021, seeking to target rich customers in a niche market.

The world’s most valuable automaker by market capitalisation is looking for commercial properties as large as 20,000-30,000 square feet each to open showrooms and service centres in the capital New Delhi, financial hub Mumbai in the west and tech city Bengaluru in the south, three sources said.

Separately, Tesla has recruited Manuj Khurana, a former executive of India’s investment promotion body Invest India, in the first major hire to lead its policy and business development efforts in the country, two other sources said.

Continue reading “Tesla scouts for showroom space in India, hires executive for lobbying – sources”

Tesla lashes out at German red tape ahead of planned site opening

Tesla lashes out at German red tape ahead of planned site opening

BERLIN (Reuters) – Tesla sharply criticised lengthy regulatory processes in Germany ahead of the planned opening of its first European gigafactory this summer.

Tesla plans to have the factory up and running by July 1, 2021 to start building its electric crossover, the Model Y but the process has been slow and complicated by environmental disputes.

In December, Tesla was told by a court to suspend clearing of a forest at the site of the proposed factory after environmentalists said cutting down more trees could endanger hibernating snakes.

“The German approval framework for industrial and infrastructure projects as well as spatial planning directly contradicts the urgency to plan and realise such projects that is necessary to battle climate change,” Tesla said in a letter to a local court seen by Reuters.

Tesla, in the letter dated April 7, said it was “particularly irritating” that there was still no timetable for the final approval of the plant, located in Gruenheide outside Berlin, 16 months after the carmaker applied for it.

Continue reading “Tesla lashes out at German red tape ahead of planned site opening”

Top 5 things to Learn from Dr Pawan K Goenka

Top 5 things to Learn from Dr Pawan K Goenka

by WAF Editorial Team 

 

•Dr Pawan K Goenka retired from M&M after a long stint of 27 years on April 2, 2021

•Under his leadership and with empowerment from Anand Mahindra, the company entered global markets, began to successfully design, make & sell globally competitive products

• His Secrets of Success lie in his way of Thinking and his Daily Routine 

 

In Dr Goenka’s words … 

 

Handling stress….

“Somehow, I have conditioned myself in such a way that I don’t get stressed. My philosophy is that getting stressed will only come in the way of getting out of a situation. If the sales are going down and I am stressed, then I will not be able think right. But if I am not stressed and do a clinical analysis, then we think with clarity.”

Working Style 

“I am also able to compartmentalise things quite well. When I am thinking auto, then what’s wrong with tractor does not divert my thoughts. And I do plan my day quite in detail. If you look at my calendar, you will see that almost every minute is spoken for.”

Continue reading “Top 5 things to Learn from Dr Pawan K Goenka”

Tata Motors PVBU clocks highest Sale in 9 years | TML CVBU sees 59% Jump over Q4 FY 20

Tata Motors PVBU clocks highest Sale in 9 years | TML CVBU sees 59% Jump over Q4 FY 20

by WAF Editorial Team 

 

•TML PVBU has reclaimed its third position in the passenger car market after 9 years with sales growth of 69% over FY 20

TML CVBU sees 59% jump over Q4 FY 20 albeit de-growth of  23% over Total FY 20 Sales

India’s largest automobile company by turnover and employment, Tata Motors Limited has posted incredible sales performance in Q4 FY 21 and March 2021

They announced their sales in the domestic & international market, for Q4 FY21, which stood at 191,720 vehicles, compared to 101,420 units during Q4 FY20.

 

Source : AutoPunditz 

“Aspirational products, customer centric offerings, harnessing digital, supporting dealers, strong group ethos powered the stellar performance of Tata Motors in FY 2021 and especially Q4 FY 2021,’ says Mr. Anuj Guglani, CEO, World Auto Forum 

Continue reading “Tata Motors PVBU clocks highest Sale in 9 years | TML CVBU sees 59% Jump over Q4 FY 20”

MG Motor India clocks Highest Monthly Sales Ever

MG Motor India clocks Highest Monthly Sales Ever

by WAF Editorial Team 

MG Motor India accomplished retail sales of 5,526 units in March 2021. 

The company received over 6,000 Booking for the month

There has been a long waiting period for its popular cars like Hector & Gloster

 

In February 2021, MG Motor India had sold 4,329 Units. In March 2021, it has achieved its highest ever sales of 5526 Units. It has also broken sales records for Hector and MG ZS EV at India. The stellar performance has put most of its models on waiting period of 2-3 months.

‘MG Motor India is one of those rare Auto makers who never play on wholesale ie sale from company to Dealer. Their focus is always retail sales. This always reflects the true consumer and dealer business sentiment’, says Anuj Guglani, CEO, World Auto Forum

“The highest monthly sales achieved in March 2021 are very encouraging with momentum continuing for our product lines”, says Rakesh Sidana, Director Sales, MG Motor India

Continue reading “MG Motor India clocks Highest Monthly Sales Ever”

Google, BMW, Volvo, and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining

Google, BMW, Volvo, and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining

(Reuters) – Google, BMW, Volvo and Samsung SDI are the first global companies to have signed up to a World Wildlife Fund (WWF) call for a moratorium on deep-sea mining, the WWF said on Wednesday.

In backing the call, the companies commit not to source any minerals from the seabed, to exclude such minerals from their supply chains, and not to finance deep seabed mining activities, the WWF said in a statement.

Deep-sea mining would extract cobalt, copper, nickel, and manganese – key materials commonly used to make batteries – from potato-sized nodules which pepper the sea floor at depths of 4-6 kilometres and are particularly abundant in the Clarion-Clipperton Zone in the North Pacific Ocean, a vast area spanning millions of kilometres between Hawaii and Mexico.

“With much of the deep sea ecosystem yet to be explored and understood, such activity would be recklessly short-sighted,” WWF said in a statement.

The moratorium calls for a ban on deep seabed mining activities until the risks are fully understood and all alternatives are exhausted.

BMW said raw materials from deep-sea mining are “not an option” for the company at present because there are insufficient scientific findings to be able to assess the environmental risks. Google and Volvo did not immediately respond to emailed requests for comment.

Continue reading “Google, BMW, Volvo, and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining”

Stellantis plans to triple electric vehicle sales in 2021: Elkann

Stellantis plans to triple electric vehicle sales in 2021: Elkann

MILAN (Reuters) – Stellantis is looking at nearly tripling its global sales of electric vehicles this year, the head of holding company Exor, the carmaker’s main shareholder, said on Thursday.

The world’s fourth largest carmaker targets global sales of 400,000 high voltage vehicles this year from 139,000 in 2020 thanks to the launch of 11 additional models, John Elkann, who also serves as Stellantis chairman, said in a letter to Exor shareholders.

Stellantis, formed in January by merging Italian-American Fiat Chrysler and France’s PSA, wants to exploit its size to take on rivals in the race to produce more electric vehicles.

It plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans of rivals such as Volkswagen and Renault-Nissan.

Reporting by Maria Pia Quaglia; editing by Agnieszka Flak

Analysis: Can Joe Biden recreate the U.S. economy he grew up with?

Analysis: Can Joe Biden recreate the U.S. economy he grew up with?

Over the latter half of his life, Biden, 78, saw the share of national wealth going to that middle class fall and the gains from U.S. growth concentrate in a handful of regions. Now, with a roughly $2 trillion investment package unveiled on Wednesday, Biden wants to reverse that half century trend and steer capital to neglected people and parts of the country.

Democrat Biden’s jobs and infrastructure plan and the corporate tax increase to help pay for it, contrasts with the deference to private markets begun by Republicans with Ronald Reagan’s election in 1980, and nursed through rounds of tax cuts and deregulation, by both parties.

Whether it was Bill Clinton’s moves to reduce social welfare and deregulate the financial sector, or Barack Obama’s hesitance to “go big” on spending in the last recession, there has been a reluctance by both parties to intervene too deeply for decades.

Rural and Rust Belt America faded and there was little progress on bridging the wealth gaps between Black and white.

Continue reading “Analysis: Can Joe Biden recreate the U.S. economy he grew up with?”

India launches biggest vaccination drive yet against a surging coronavirus

India launches biggest vaccination drive yet against a surging coronavirus

Production Ready VW Taigun aka Creta & Seltos Challenger Unveiled

Production Ready VW Taigun aka Creta & Seltos Challenger Unveiled

by WAF Editorial Team 

 

• When Safety, Fun to Drive & Quality meet 95% Localisation, it can be a watershed moment!

• Made in India Taigun, for the World!

• Based on the New MQB AO IN Platform 

• Launch just before the Festive Season. Est Price of Rs 10-17 Lakhs

• It’s the Year of the SUVW. Year of the Taigun. Need one say more ?

 

VW India today showcased the India Spec Production Model of the Taigun SUV. It’s based on the latest All new MQB AO IN Platform which also powers the Skoda Kushaq.

It is directly pitched in the hot selling segment of Hyundai Creta and Kia Seltos.

Taigun has a class leading wheelbase of 2651 mm which should make it one of the most spacious.

The dual tone interiors look upmarket and premium. The Cockpit is truly digital as it boasts of a 10.1″ touchscreen compatible with Apple car play and Android auto and a 10.2″ Digital Instrument cluster.

The luxury touch gets enhanced by ambient lights, panoramic moonroof and ventilated seats for front passengers.

Continue reading “Production Ready VW Taigun aka Creta & Seltos Challenger Unveiled”

Key Takeaways of WAF Gurus Live : The Future of Mobility – EV or FCEV?

Key Takeaways of WAF Gurus Live : The Future of Mobility – EV or FCEV?

The WAF Gurus Live Episode 20 was held on Saturday, 20 th March in which Gurus of the auto &
mobility industry discussed a crucial and pertinent topic- The Future of Mobility : EV or FCEV?

The panel comprised Shivalik Prasad, VP with Sibros; Vinay K. Piparsania– an automotive industry veteran; Dr. Ajit Kumar Jindal, currently the Advisor E-Mobility and New Products and Technology at Tata Autocomp Systems Ltd, Avik Chattopadhyay Co-Founder Expereal, a Marketing & Brand Consulting Firm; and Anuj Guglani, the founder and CEO at World Auto Forum which connects theAuto and Mobility Industry in 125 Countries.

Anuj Guglani, CEO, World Auto Forum called upon the panel to share their views on the major
concern facing the industry- Can the Fuel Cell solve the future problems of the EV? Would Fuel Cell
get a seat at the table amidst the worldwide Battery Race?

Dr. A. K. Jindal set the ball rolling and pointed out the 90% FCEV is in fact EV, it has the battery, the
motor, most of the parts and components’ functionality is similar. There was a chance of FCEV
finding an application in inaccessible areas like Leh-Ladakh where getting the conventional fuels is a
challenge and comes at a higher cost; there it could be useful. Solar energy is available in plenty in
those areas from where they can produce electricity and from that they can produce hydrogen.

Vinay K. Piparsania remarked that it all depended on where an entire ecosystem is travelling- as of
now from the governments, to huge corporations to auto makers- everybody’s focus is on EV, so it’s
the time for EV. Next decade might belong to Hydrogen, but right now all the focus and investment
is on EV. The transformation takes time and the switch to FCEV cannot be just at the drop of a hat.

Continue reading “Key Takeaways of WAF Gurus Live : The Future of Mobility – EV or FCEV?”

Toyota, Isuzu revive capital tie-up with focus on connected trucks

Toyota, Isuzu revive capital tie-up with focus on connected trucks

TOKYO (Reuters) – Toyota Motor Corp and Isuzu Motors Ltd announced a capital alliance on Wednesday, reviving a partnership to bolster their competitive edge in connected, commercial vehicles.

Toyota truck unit Hino Motors Ltd will join in the pact to jointly develop small commercial trucks of the future, including connected vehicles and fuel cell technologies, the automakers said.

Connected vehicles can share internet access and data with devices outside the vehicle, making them more efficient.

Under the deal, Toyota will acquire 39 million treasury shares in Isuzu, worth 42.8 billion yen ($393.89 million), taking a 4.6% stake, the automakers said.

Toyota and Isuzu in 2018 dissolved a previous, 12-year capital tie-up that had focused on diesel engines.

The move on Wednesday comes as traditional automakers face growing competition from tech giants and other rivals developing electric and driverless cars.

Volkswagen says Gernot Doellner becomes new strategy chief

Volkswagen says Gernot Doellner becomes new strategy chief

FRANKFURT (Reuters) – Volkswagen said on Tuesday Porsche AG executive Gernot Doellner will become the carmaker’s new strategy chief from May 1.

“With the addition of Gernot Doellner we are gaining a proven strategist who has gained extensive experience at Porsche AG in the management of model series and in development strategy and innovation management,” said Volkswagen Chief Executive Herbert Diess.

“With him, we will systematically continue along our chosen path and further drive the transformation.”

Doellner previously served as head of product and concept at Volkswagen’s luxury division Porsche AG, and will replace Michael Jost, who said earlier this month he will quit after more than a decade with the group.

The announcement comes a week after Volkswagen’s Power Day, which, along with more upbeat broker comments, has revitalised Volkswagen’s shares, which are up 50% year-to-date.

Reporting by Christoph Steitz; Editing by Madeline Chambers

Exclusive: China’s Didi leans towards New York for IPO, eyes valuation of at least $100 billion – sources

Exclusive: China’s Didi leans towards New York for IPO, eyes valuation of at least $100 billion – sources

HONG KONG (Reuters) – China’s top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering (IPO), eyeing a valuation of at least $100 billion via the float, two people with direct knowledge of the matter said.

Didi has also discussed the option of listing via a special-purpose acquisition company (SPAC), multiple sources told Reuters, which would involve merging with a blank-check firm that raises capital through a U.S. IPO.

But they said the SPAC option was seen by Didi as less viable given its valuation target.

At that valuation target, Didi could raise about $10 billion if it sells 10% of its shares, in what would be the biggest Chinese IPO in the United States since Alibaba’s $25 billion float in 2014.

A fifth person close to Didi said the company is also considering a second listing in Hong Kong if its U.S. IPO takes place.

Continue reading “Exclusive: China’s Didi leans towards New York for IPO, eyes valuation of at least $100 billion – sources”

Analysis: Electric shock – German auto stocks get a new lease of life

Analysis: Electric shock – German auto stocks get a new lease of life

WAF CFO Roundtable Key Takeaways

WAF CFO Roundtable Key Takeaways

15 March 2021 | New Delhi, India

The WAF CFO Roundtable was held virtually on Saturday, 13 th March in which Chief Financial
Officers of the auto & mobility industry across discussed a very relevant and pertinent topic- Best
Practices of Financial Management in the Covid Era

The panel comprised Maheen Lampwala Country CFO for the Faurecia Group of Entities in India;
Puneet Sabharwal, who is CFO with Citroën India; Anders Olof Häger, the CFO Volvo Eicher
Commercial Vehicles; Surendra Agarwal, CFO Group Landmark; Chandan Goyal, a Chartered
Accountant by profession and the co-founder of Blue Consulting; and Anuj Guglani, the founder and
CEO at World Auto Forum which connects the Auto & Mobility Industry in 125 Countries.

Anuj Guglani, CEO, World Auto Forum called upon the panel to share their key learning in the year
2020.

Mr. Puneet Sabharwal spoke of how they had to reshape their new-launch strategy and media
publicity during the pandemic. Earlier women would request for a day of ‘work-from-home’ to take
care of domestic responsibilities but after the lockdown, it was the other way- requesting to allow
them to attend office at least for a day.

He realized that change is the only constant in life, as he saw flexibility in work hours, a paperless
work environment, including the financial transactions, and a infused a new motivation which created a new opportunity in adversity had set in.

Mr Anuj Guglani, CEO World Auto Forum, told how physical distancing ushered in the entry of trucks
carrying materials inside the premises of Automobiles Industry, through RPA and associated
technologies for material entry thereby reducing the earlier time of 45 minutes to less than 5
minutes.

Continue reading “WAF CFO Roundtable Key Takeaways”

MG Motor partners IIT Delhi for research in electric, autonomous technologies

  • MG, which has introduced electric SUV – the ZS EV and the first autonomous Level 1 premium SUV – Gloster, aims to use the research for developing its future autonomous vehicles.

MG Motor India on Monday said it has joined hands with IIT Delhi’s Centre for Automotive Research and Tribology (CART) for research in the field of electric and autonomous vehicles.

The partnership through Foundation for Innovation and Technology Transfer (FITT), IIT Delhi aims at furthering the automaker’s focus on CASE mobility (Connected Autonomous Shared Electric); through enabling supporting research for deployment of electric and autonomous vehicles in the urban landscape in the country, MG Motor India said in a statement.

Continue reading “MG Motor partners IIT Delhi for research in electric, autonomous technologies”

WAF Gurus Live 20 : The Future of Mobility – EV or FCEV ? Must Attend!

WAF Gurus Live 20 : The Future of Mobility – EV or FCEV ? Must Attend!

5 pm to 6 pm ist , Sat 20 March, 2021

 Join us for an Interesting Session of WAF Gurus Live Episode 20

 

1.  Do you agree with Mr Musk ?

2.  Electrification @ Mobility is a clear global phenomena

3.  Battery : Right from Mining to Acquisition, to Usage, to Disposal is still a perplexing piece.

Continue reading “WAF Gurus Live 20 : The Future of Mobility – EV or FCEV ? Must Attend!”

Kia Motors India appoints Hardeep Singh Brar as National Head Sales & Marketing

Kia Motors India appoints Hardeep Singh Brar as National Head Sales & Marketing

by WAF Editorial Team 

Kia Motors India has appointed the Industry Veteran Hardeep Singh Brar as National Head, Sales & Marketing. The company has created great euphoria and tasted initial success with products like Seltos and Sonet.

Mr Brar would fill in the shoes of Mr Manohar Bhat, who conceived and executed the debut of Kia brand and company at India. The expectations would surely be sky high!

Mr Brar is an Industry Veteran. He has worked with Maruti Suzuki in several functions like Sales & Dealer Development. His last profile there was GM- Corporate and Rural sales

He has headed Network & Dealer Management at Volkswagen India. He also headed Vehicle Sales, Service & Marketing at General Motors till it announced to wrap its India Operations. After General Motors he had joined Nissan India with his last profile there as Director – Commercial and Board Member.

Continue reading “Kia Motors India appoints Hardeep Singh Brar as National Head Sales & Marketing”

WAF CFO Roundtable | Best Practices in Financial Management in the Covid Era

WAF CFO Roundtable | Best Practices in Financial Management in the Covid Era

 “Best Practices in Financial Management in the Covid Era” 

        5 pm to 6 pm ist , Sat 13 March, 2021

 

1. Normal to New Normal to an Evolved Normal : Key Learnings from the Journey of 2020 to 2021

2. 2020 – A year which tested us all in an unprecedented way. How we scaled back the operations. How we balanced Financial Health and Employee Health ?

 3. What is The Finance Department of the Future ?

 Processes, Technology, Innovations, People 

4. Finance Dept powering the Business Strategy and Ops 

Continue reading “WAF CFO Roundtable | Best Practices in Financial Management in the Covid Era”

Released : CHRO Toolkit 2021 powered by the Top CHROs at WAF

Released : CHRO Toolkit 2021 powered by the Top CHROs at WAF

The 2nd CHRO Roundtable was held virtually on Saturday 27 Feb, 2021 where Chief HR officers of the auto & mobility industry discussed innovations and best practices during the pandemic year and the learnings thereof, and the way forward for India Inc. in 2021 and beyond.

The virtual exhibition at the 2nd CHROs Roundtable 2021 was also the highlight of the event and was a roaring success.

Mr Anuj Guglani, CEO, World Auto Forum set the ball rolling by sharing with the audience, the global outreach of the CHROs Roundtable this year to share best practices and learnings. He spoke about the challenges faced by organizations in managing Work from Home, and what they would have to do when the focus shifted once more to Work fromOffice.

The first panel discussed the learnings from 2020 and the CHROs Toolkit for 2021 & beyond.

Mr Ahmad Ameen, Director- Human Resources, AL Mansour Automotive, Egypt spoke about the need for a paradigm shift in HR practices especially in three areas: Employee health, communication and employee learnings, stressing that the approach of one size fits all will no longer work and technology and individuality must prevail.

For Dr C B Patil, Head HR & IR, Kia Motors India the lockdown in 2020 saw two areas of major change: the need to develop agile mindsets with the ability to learn, unlearn and relearn with changing situations in the market; and the ability to maintain a flexible headcount as per business requirements, keeping in mind the principle of bottom-line vs life line.

Continue reading “Released : CHRO Toolkit 2021 powered by the Top CHROs at WAF”

Meet the New MD of Volvo Cars India – Jyoti Malhotra

Meet the New MD of Volvo Cars India – Jyoti Malhotra

by WAF Editorial Team 

 

•Volvo Cars India gets its first “Indian” MD

•Charles Frump, the outgoing MD leaves a great legacy behind

•Meet the new MD, Jyoti Malhotra – An Industry Veteran with a Proven Performance Record

 

History is getting created at Volvo Cars India as it gets its first “Indian” MD.

Jyoti Malhotra who is presently the head of Marketing, Sales & PR at the Swedish car maker’s Indian subsidiary, shall take over as Managing Director wef March 1, 2021

Mr Malhotra is an Industry veteran who has worked with Auto Makers like Maruti Suzuki, M&M and Fiat India in the past. He holds an Engineering Degree in Production from University of Pune. He has done his MBA from Bhartiya Vidyapeeth . He has also done a global program in management development from Stephen M Ross School of Business, University of Michigan, USA

Anuj Guglani, CEO, World Auto Forum said, “Jyoti is a stalwart of the Indian Auto Industry. He has deep insights in Automotive Consumer Behaviour, Business and Marketing. His diverse experience spans a quarter of a century across Indian, Japanese, European companies and their cultures which gives him an indomitable edge. Most importantly he’s a great human being!”

Continue reading “Meet the New MD of Volvo Cars India – Jyoti Malhotra”

2nd WAF CHRO Roundtable 2021 – Online

2nd WAF CHRO Roundtable 2021 – Online

  • Connect with Top CHROs Club at World Auto Forum. 

  • Innovations & Best Practices in the Year of the Pandemic 

  • Balancing WFH, HSSE, CSR, Mental Health, Productivity, Families, Bottomline, Compliances

  • Earn the WAF Certificate of Participation

2020 has been a tough year. In 2021 things have really opened up. Still its not near Pre Covid.

How we managed 2020 ? What have we learnt that we shall apply for years to come ? How’s the Outlook for 2021.

Lets spend a day in developing the CHRO’s Toolkit which shall be relevant for years to come…

Continue reading “2nd WAF CHRO Roundtable 2021 – Online”

Key Highlights of Union Budget 2021-22 | From a CA’s Perspective

Key Highlights of Union Budget 2021-22 | From a CA’s Perspective

by CA Mohit Jain, Partner, Manoj Chhabra & Co  

1) ESI/PF related additions

It has been specifically proposed to tax employers in case they fail to deposit PF/ESI/other funds related to employees on time given under the relevant acts. It has been included in the budget that the said provision is there to penalise the employers and hence no relief will be available if employee related dues are not deposited on time. Further, please note that if any litigation is pending in this regard, it will be very difficult to get relief for the same.

2) Revised/Belated ITRs

The time limit for filing revised/belated ITRs has been reduced to 31-Dec of relevant year from 31-Mar.

3) Reduction in time limit for completion of assessment

 W.e.f AY 2021-22, assessment proceedings need to be completed within 9 months from end of assessment year, ie, for FY 2020-21, relevant for AY 2021-22, assessments have to be completed by Dec-2022.

Continue reading “Key Highlights of Union Budget 2021-22 | From a CA’s Perspective”

New Vehicle Scrappage Policy- Union Budget 2021-22

New Vehicle Scrappage Policy- Union Budget 2021-22

by S S Rana & Co – India’s Leading IP Law Firm 

 

The much awaited Union Budget address (2021-2022) was made by the Finance Minister, Nirmala Sitharaman on February 01, 2021. The Minister in the speech has announced- Voluntary Vehicle Scrapping Policy, for phasing out old and unfit vehicles from the Indian streets. While substantiating on the Scrappage Policy, Ms. Sitharaman stated that under the Policy- personal vehicles after 20 years and commercial vehicles after 15 years would undergo fitness tests in automated fitness centres.

Key Points:

  • Voluntary Vehicle Scrapping Policy to be notified soon
  • Vehicles (private and commercial) to under fitness test after 20 years and 15 years of use
  • Fitness tests to be done at automated fitness centers
  • Specifics of Policy to be announced soon

An Insight into Vehicle Scrappage Policy

The Policy is expected to substantially impact air pollution issues in India and maintain environmental sustainability. It was also announced that the specifics of the Policy would be announced soon.

Hence, it is abundantly clear that under the New Policy all personal vehicles and commercial vehicles will have to mandatorily undergo fitness tests at automated fitness centres in 20 years and 15 years respectively.

Continue reading “New Vehicle Scrappage Policy- Union Budget 2021-22”

Global Chip Shortage for Auto Makers | Intentional or Incidental ?

Global Chip Shortage for Auto Makers | Intentional or Incidental ?

By WAF Editorial Team 

•Can we blame Covid for this too ?

•How can all the Auto Makers be affected simultaneously across the world ?

•Is it just Poor Planning, Poor Demand or something else ?

 

Yes! Most Auto makers are obsessed with Lean Manufacturing. Most got extremely conservative last year with their Production schedules as demand gradually rebounded. Excessive WFH, Gaming, Smartphones led to a surge in demand for chips from other product segments.

The Trump Administration had blacklisted the Chinese Semiconductor manufacturers last year. The Taiwanese Chip Makers, the largest across the world had raised a caveat against oversupply. The automotive grade chips were seeing rapid upgradation. Getting stuck with outdated chipsets inventory could be the greatest nightmare for any chip maker.

All said and done, auto makers facing ongoing or impending shutdowns simultaneously across the world can’t be just due to the aforesaid reasons. It can’t even be due to Covid.

There could be more than what meets the eye. Is it a perfectly orchestrated cartelised action by chip makers to pull the plug ?

In the new age vehicles, the electronic parts and components constitute around 40% of all components. One might find around 3K chips in just one car across the powertrain, windows, lights, ADAS and more.  If even one chip is missing, the car can’t leave the assembly line!

Anuj Guglani, CEO, World Auto Forum says, ‘The Automotive chips compared to their siblings in an Xbox, a Mac or an iPhone have to be much more robust & durable. They should be able to stand high temperatures. They need to endure for long. Their development cycles are longer and more expensive.

So where do you think any chip maker who runs it as a business, would shift focus during the pandemic ?

Obviously to an Xbox, a Mac and an iPhone as their demand went through the roof while auto co’s were forced to cut orders, inventories and margins!”

Continue reading “Global Chip Shortage for Auto Makers | Intentional or Incidental ?”

Road Safety Month Special : WAF Gurus Live 18

Road Safety Month Special : WAF Gurus Live 18

Lets Celebrate Road Safety Month, every Month! 

At WAF, we believe in Dialogue to Action.

It’s time to have a focussed, candid & action oriented dialogue on Practical Aspects of Road Safety  with the Top Thought Leaders.

Topics we shall cover :

1. How to Harness Tech for Better Governance & Enforcement

2. Road Safety Awareness : Sustainable and Effective

3. Response Time : Practical tips to reduce

4. Driver Behaviour : Can’t blame them for everything

5. Laws : New & Old

6. Road Design & Safe Infrastructure

7. Coordination between Multiple Agencies : How do other countries do it ?

8. India Pothole Free : Can it be a Reality ?

9. How to go beyond the Road Safety Week and Month and have Sustained Progress in road Safety, every week & month.

10 . Can India be No 1 in Road Safety ?

Continue reading “Road Safety Month Special : WAF Gurus Live 18”

8th WAF Awards Held | 120+ Media Cos Cover it!

8th WAF Awards Held | 120+ Media Cos Cover it!

 

Urgent Press Release

 

World Auto Forum [WAF] Awards announced. WAF stars steal the show!

 

  • WAF awards are one of the most aspirational awards across the Automotive & Mobility ecosystem last 8 Years
  • The 7 Points WAF Awards Process makes it Toughest, Most Transparent and Inclusive
  • Backed by esteemed Jury, Observers and IIT Delhi research team

 

New Delhi | 9th January 2021 | https://worldautoforum.com

 

The 8th World Auto Forum Awards concluded today with WAF stars stealing the show all the way!! This time, the awards were bigger, different and as stringent as they always come! Deeply researched, passionately debated and carefully chosen, they showcased Platinum performances from across the Automotive ecosystem. 

Anuj Guglani, CEO, World Auto Forum, remarked, “WAF Awards 2021 are a testimony to how the Industry stars have taken care of their customers, teams and suppliers, balancing health – physical, mental and financial”.

Continue reading “8th WAF Awards Held | 120+ Media Cos Cover it!”

VW India elevates its Future Leader – Vishal Bhat

VW India elevates its Future Leader – Vishal Bhat

by WAF Editorial Team 

 

•Volkswagen India is gearing up for its Mega Launch in 2021

•Renewed Focus on Customer Experience, Value Proposition and Peace of Mind

•Elevates in-house talent, Vishal Bhat, to lead the After Sales Service function and spearhead the Change

 

Volkswagen India has planned a power packed 2021

They are getting ready with their arsenal of products, marketing strategy, Renewed Focus on Processes & Customer Experience. The arsenal gets powered by the right people!

VW India has elevated Vishal Bhat to head their after sales service function with effect from Jan 1, 2021.

Mr Bhat is currently heading Pan India Corporate Sales and Das Welt Auto – VW’s Certified Pre Owned Car Brand at VW India.

With over 17 years of extensive experience in automotive industry, Bhat brings in diverse expertise to the position. In a period of last five years, he has undertaken various roles and responsibilities across functions –Aftersales, Customer Care, Corporate and Das WeltAuto sales operations and has been successfully leading them.

Continue reading “VW India elevates its Future Leader – Vishal Bhat”

Apple’s Biggest Miss : Not Acquiring Tesla at a Tenth of its Current Price, 2 yrs back

Apple’s Biggest Miss : Not Acquiring Tesla at a Tenth of its Current Price, 2 yrs back

By WAF Editorial Team 

 

  • In 2017-18, Elon Musk reached out to Apple to sell Tesla

  • Musk says, “This was during the Darkest Days of the Model 3”

  • “Tim Cook declined the meeting request”, tweeted Musk 

  • Tesla is 10 times more valuable since then! 

  • Apple plans to launch its EV in 2025

  • Biggest Miss for Apple ?

Continue reading “Apple’s Biggest Miss : Not Acquiring Tesla at a Tenth of its Current Price, 2 yrs back”

Industry Outlook 2021 : Overall Seems Positive

Industry Outlook 2021 : Overall Seems Positive

by WAF Editorial Team 

 

Yes we had last few months of stellar wholesale and retails as…

The dealers inventories were near zero when lockdown eased

There was a pent up demand

People shunned public transport and embraced personal mobility 

2 wheeler and Pre Owners cars demand went through the roof due to price sensitivity. 

What is the Outlook for 2021 ?

The Sensex might be breaching 47K levels but situation at ground level is not that encouraging.

The Auto Industry was just recovering from the BS-6 , Poor Demand in 2019 and 2018 and it got struck by Covid19. The Market has surely opened up but demand is still not consistent.

Manufacturing facilities continue to suffer from covid related closures. Manpower outages are still not that uncommon. Supplies get stuck due to covid or agitations.

Industrial Output, earnings are still down. The new strain from UK is also bad news. This seems the time to just stay healthy and protected, ensure family is safe ; Surviving seems to be the new thriving!

So Quoting figures …

Continue reading “Industry Outlook 2021 : Overall Seems Positive”

WAF creates History by getting together Top Global After Sales Experts for Best Practices Sharing

WAF creates History by getting together Top Global After Sales Experts for Best Practices Sharing

Press Release

Teus, 15 Dec 2020 5:45 PM IST

IVASS 2020 brings together the Global After Sales Experts to share Industry Best Practices amidst the Pandemic

 

 

  • Every year, World Auto Forum celebrates National Vehicle After Sales Day on Second Sat of Dec with IVASS- India Vehicle After Sales Summit & Exhibition
  • In its 6th year, IVASS went global this time and in a pioneering act got together the Top After Sales Experts from Asia, Africa, Middle East, Europe and Australia
  • The virtual exhibition at IVASS 2020 was also the highlight of the event and was a roaring success
  • The most important reason for the global best practices sharing was that the entire industry worldwide moves a notch up in threshold and the most critical facet of the value chain benefits that is the Consumer!

 

 

15th December 2020 | New Delhi & Detroit | https://worldautoforum.com/ivass

 

India Vehicle After Sales Summit, a program organized on Saturday, 12th December 2020 by World Auto Forum in association with ASDC – Automotive Skilling Development Council, set the path for innovations in the Vehicle After Sales & Auto aftermarket ecosystem. 

Top Experts from Auto Suppliers, OEMs, Dealership network, Service companies, Parts Makers & Distributors graced the Panel Discussions and Keynote sessions. The theme this year was ‘Surviving and thriving through Innovation, Skilling & Teamwork’. Each session deliberated on various aspects of the post Covid needs and adaptability required to cope with the changing dynamics of consumer behaviour and governmental policies.

Anuj Guglani, CEO, World Auto Forum set the ball rolling by sharing with the audience, the global outreach of IVASS this year, with speakers brought in from across the globe to broaden the horizons of learning and sharing of best practices. He also elucidated the common global challenges faced by the Industry and the pivotal role Innovation plays in overcoming them. 

Continue reading “WAF creates History by getting together Top Global After Sales Experts for Best Practices Sharing”

Riskcovry – The Beacon of Innovation in Insurance Tech Space

RISKCOVRY

Riskcovry – is a B2B2 InsurTech startup based in Mumbai and Bangalore offering an “Insurance as a Service” for any distribution use case. Founded in 2018, by Suvendu Prusty, Sorabh Bhandari, Chiranth Patil and Vidya S., Riskcovry helps businesses with a large user base to enable insurance distribution seamlessly, saving them the traditional overhead of building teams, technology integrations with Insurance carriers and manage processes for Insurance distribution.

The company works closely with insurance companies to design products that cater to the needs of a broader population.
• Riskcovry offers an Insurance-as-a-Service technology platform for any use case.  To enable an “anyone can help insure” vision, building an Insurance-Distribution-Data-Tech platform, across industries.
• Platform consists of 2 inter-operable Technology Products: Riskcovry Insurance-in-a-box & Riskcovry SaaS. Our API’s are designed to meet the needs of both the physical and digital distribution of insurance.
• Modular set of platform capabilities that is agnostic of insurance carriers, products, channels, devices & customer segments, delivered via APIs
• Personalized customer experience (CX) across all digital touchpoints : buy, manage, claim

Risk-O-Meter

Risk-O-Meter (proprietary risk management engine of Riskcovry) enables consumers and businesses to assess their risks in real time based on the user inputs and secondary data scraping before they exploring the insurance product and price options . The API supports dynamic underwriting logic from insurers and displays the price based Risk-o-Meter score. For example, when a user is exploring a business insurance coverage, the Risk-o-Meter generates the cumulative risk score for the location from where the business is operating based on various risk exposures like Fire, Theft, Flood, Earthquake etc.

Loan Protect
Loan Protect is an industry first product that protects a borrower of a loan from death, critical illness and loss of employment and the lender from loan default. Riskcovry’s backend engine bundles 3 different products from multiple insuers i.e. death (life insurance), critical illness (health insurance) and loss of employment (general insurance) and into a single API. This API fetches information from the borrower in real time based on his/her loan details such as interest rate, term of the loan, and age. This in turn allows the lender to customize insurance covers for each customer giving the flexibility to the borrower as well. All policies are issued, managed and claimed digitally. Riskcovry’s solution is completely plug and play without disrupting the existing submission/disbursement workflows. The API’s can power any digital customer experience journey such as borrower opt-in or opt-out, umbrella consent, or transaction level consent.
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India Vehicle Scrappage Policy – A Perspective

India Vehicle Scrappage Policy – A Perspective

by S S Rana & Co. – Leading IP Attorneys & Advocates

 

The rising air pollution in the major cities of the country is a major health and environment  concern with 65% of total air pollution caused by older commercial vehicles plying on road.  To arrest this issue, the Ministry of Road Transport and Highways is slated to scrap vehicles  older than 20 years under the vehicle scrappage policy or voluntary vehicle fleet modernization  program, first mooted in 2016.  

A scrappage policy is a government-funded programme to promote the replacement of old  vehicles with modern ones. A vehicle scrappage programme is usually intended to stimulate  the automotive industry as well as taking obsolete and more polluting vehicles off the road. It proposes to remove old commercial vehicles off the road and moot creation of an ecosystem  to promote scrapping and recycling. 

The policy is expected to considerably impact environmental sustainability and give thrust to  automobile sector by creating new demand. The policy can be viewed as an extension of NGT  ruling for Delhi-NCR whereby diesel vehicles older than 10 years were ordered to stop plying  on the road. Similar policies have been implemented in countries like US, UK, China,  Indonesia etc. to drive auto industry and reduce pollution. 

Key Provisions of Draft Policy: 

Continue reading “India Vehicle Scrappage Policy – A Perspective”

Rajiv Bajaj issues caution | Honda to pay Tesla | EV Makers oppose Hybrid Makers | GM’s new CFO | EU shuns Diesel | Volvo E Trucks

 

Latest news stories from global Auto and mobility world

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

Maruti, Hyundai, Tata Motors witness brisk sales during Navratri period PTI

Paid auto loan EMIs during lockdown? Expect cashback from banks today PTI

Auto sector not out of the woods despite record wholesales in October Livemint

EV makers oppose GST cut on hybrid vehicles Livemint

Sonalika Tractors Records Highest Ever Monthly In October 2020 carandbike

Tamil Nadu grants two-year road tax exemption to electric vehicles Autocar

Tata Motors sales rise 27% to 49,669 units in Oct PTI

Auto sector hiring continues to improve: Naukri.com PTI

MG Gloster price hiked by up to Rs 1 lakh; sold out for 2020 Autocar

Mahindra Thar 2020 crosses 20,000 bookings, waiting period more than six months Livemint

Jawa Sales To Be Extended To Neighbouring Countries carandbike

Maruti Suzuki issues recall order for over 40,000 units of Eeco htauto

India moves a step closer to bring in vehicle scrappage policy. What it means PTI

Ford now provides extended warranty up to 1.5 lakh km Autocar

Rajiv Bajaj explains why one festive month doesn’t help two-wheeler industry htauto

 

WAFTV
 

 

 

US AUTO NEWS

Factbox: A second Trump term could mean fewer regulations, more trade wars and high TV ratings Reuters

Elon Musk Says Tesla’s AutoPilot Beta Could Reduce Interventions By 33 Per Cent carandbike

Uber, gig economy companies see California win as national model Reuters

US presidential elections: Joe Biden victory would suit carmakers, says VW CEO Reuters

GM nabs big hire from airline industry as its next CFO USATODAY

U.S. Formally Exits Paris Climate Agreement As Election Rumbles On, Biden Promises To Rejoin If Elected Forbes

Tesla job alert: Elon Musk in search of engineers for Berlin Gigafactory Reuters

How Predicting The Future Has Changed For Automotive In 2020 Forbes

U.S., Brazil see room for global ethanol growth before transition to EVs Reuters

Laser Sensor Startup Aeva May See $2 Billion Valuation From NYSE Listing Forbes

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