Source : PTI | New Delhi: The Delhi government’s transport department has once again floated a tender for deploying electric scooters in the Dwarka sub-city to strengthen last-mile connectivity in the area, officials said. The government plans to deploy thousands of electric scooters at around 90 locations in Dwarka, they added.

“Bids floated for high speed and low speed scooters for first and last mile connectivity with bus stops and metro stations in Dwarka sub city,” Delhi Transport Commissioner Ashish Kundra said in a post on ‘X’ on Thursday. Continue reading “Delhi govt again floats tender for electric scooters in Dwarka sub-city”

Source : PTI | Registration of government vehicles completing 15 years would be cancelled and these vehicles would be scrapped, Himachal Pradesh Deputy Chief Minister Mukesh Agnihotri, who also holds the transport portfolio, said on Saturday. Addressing the reporters here on Saturday, Agnihotri said that six scrapping centres would be established in the state and expression of interest has been invited for setting up these centres under the scrapping policy. These vehicles would be replaced with electric vehicles.

Terming it as a “year of reforms” in the transport department, the deputy chief minister said the fitness certificates of private vehicles would be issued through automatic testing stations. Earlier, it was done manually. Continue reading “Registration of 15-year-old govt vehicles to be cancelled: Himachal Deputy CM”

Source : PTI | New Delhi: Delhi Metro Rail Corporation (DMRC) carried more than 67 lakh people on January 1, 2024, the highest ridership registered by the mass transit system on a New Year day in the last six years. According to DMRC data released on Saturday, a total of 67.47 lakh commuters availed the services of metro on January 1.

The data showed that 49.16 lakh people used metro on January 1 last year, 23.66 lakh in 2022, 55.26 lakh in 2020 and 50.16 lakh in 2019. Among the six years, the lowest ridership of 18.07 lakh was recorded on January 1, 2021, the first New Year celebration post COVID-19 lockdown. Continue reading “Delhi: At over 67 lakh, DMRC records highest ridership on New Year day in 6 years”

Source : PTI | New Delhi: State-owned Oil and Natural Gas Corporation (ONGC) has made two significant back-to-back natural gas discoveries in a Mahanadi basin deepwater block in the Bay of Bengal as its calculated game plan of venturing into high-risk deep water exploration starts yielding results. The firm made the discoveries in the block MN-DWHP-2018/1, which it had won in the third round of auction under the open acreage licensing policy in 2019, two sources with direct knowledge of the development said.

Significantly, the discoveries have been made in an area, which previously was classified as a ‘no-go’ area because of national security interests. Continue reading “ONGC makes back-to-back gas discoveries in Mahanadi basin block”

Source : PTI | Automobile shipments from India declined 21 % last year as many overseas markets continued to face monetary and geopolitical crises, as per the latest SIAM data. Overall exports stood at 42,85,809 units last year compared to 52,04,966 units in 2022.

Passenger vehicle shipments rose 5 % to 6,77,956 units last year from 6,44,842 units in 2022. Continue reading “Automobile exports from India dip 21% in 2023: SIAM”

Source : PTI | New Delhi: The government has floated tenders for procuring electric buses under the PM-eBus Sewa scheme, Union Housing and Urban Affairs Ministry Hardeep Singh Puri said on Friday. Under the scheme, 10,000 electric buses will be provided to 169 cities under the public-private partnership (PPP) model.

Addressing a press conference, Puri said his ministry officials were in touch with bus manufacturers. Continue reading “Tenders floated for procuring electric buses under central scheme: Minister”

Source : PTI | Over 1.40 lakh overage vehicles were scrapped in the financial year 2022-23 as against 4,923 deregistered vehicles in the 2021-22 fiscal, according to the Statistical Handbook-2023. The handbook containing data on socio-economic parameters of the national capital was released by the the Delhi government’s Economic and Statistics department.

The Delhi government’s Electric Vehicle Policy aimed at raising the share of electric vehicles in Delhi to 25% by 2024 was notified in August 2020. Continue reading “Over 1.40 lakh overage vehicles scrapped in financial year 2022-23”

Source : PTI | Auto-maker Hyundai Motor India and the Indian Institute of Technology, Madras here is set establish a Hydrogen Valley Innovation Hub at an outlay of INR 180 crore, which would promote hydrogen-based clean energy solutions in various applications and sectors.

A memorandum of understanding between Hyundai Motor India, IIT-Madras, and the state government’s investment promotion agency Guidance Tamil Nadu was signed during the Global Investors Meet held recently. “The Hydrogen Valley Innovation Hub project, with a total project cost of INR 180 crore, will be established with an investment of INR 100 crore by Hyundai Motor India Ltd, towards its capital expenditure requirements,” a press release from IIT-Madras said on Friday. Continue reading “Hyundai, IIT-M to set up Hydrogen Valley Innovation Hub to promote green solutions”

PARIS, (Reuters) – Stellantis (STLAM.MI) announced on Friday that it is investing in French sodium-ion battery startup Tiamat to diversify its portfolio and mass-produce electric vehicles while reducing exposure to scarce resources.

The exact amount of the investment, which is part of an initial fundraising of 150 million euros from Tiamat, was not disclosed.

The funds will be used in part for the construction of a battery factory in northern France, Tiamat Chief Executive Herve Beuffe told journalists. Continue reading “Stellantis to invest in French sodium-ion battery maker for EV output”

BERLIN, (Reuters) – Luxury carmaker Porsche (P911_p.DE) increased its deliveries by 3% in 2023, with 320,221 vehicles delivered worldwide, as growth in Europe and North America offset a challenging market in China, the company said on Friday.

Deliveries increased by 12% year-on-year in Europe, excluding the home market Germany, which saw a 10% increase, Porsche said. In North America, the company saw a 9% rise. Continue reading “Porsche increases 2023 deliveries despite China slump”

BERLIN, (Reuters) – Volkswagen’s (VOWG_p.DE) increase in sales last year was driven by its mass-market cars and premium brand Audi, whose sales outstripped pre-pandemic deliveries at 1.9 million vehicles, according to data released on Friday.

The German carmaker reported on Tuesday a 12% rise in deliveries last year to 9.24 million vehicles, marking a post-pandemic recovery as supply chain bottlenecks eased. Continue reading “Volkswagen sales growth driven by mass-market brands, Audi”

SHANGHAI/BRUSSELS, (Reuters) – European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a probe into whether to impose punitive tariffs to protect European electric vehicle (EV) makers, three people involved in the process said.

The inspectors will visit BYD (002594.SZ), Geely (0175.HK) and SAIC (600104.SS), two sources said, with one of them saying the investigators will not visit non-Chinese brands produced in China, such as Tesla (TSLA.O), Renault (RENA.PA) and BMW (BMWG.DE). Continue reading “Exclusive: EU investigators to inspect China’s BYD, Geely and SAIC in EV probe – source”

Monthly Performance: December 2023

Production: The total production of Passenger Vehicles1 , Three Wheelers, Two Wheelers and Quadricycle in the month of December 2023 was 18,96,696 units
Domestic Sales:

• Passenger Vehicles2 sales were 2,86,390 units in December 2023.
• Three-wheeler sales were 50,537 units in December 2023.
• Two-wheeler sales were 12,11,966 units in December 2023. Continue reading “Auto Industry Sales Performance of December 2023, October – December 2023, April-December 2023 and January – December 2023”

Source : PTI | Maruti Suzuki India plans to start exporting Electric Vehicles (EVs) from India this year after launching them in the country, a senior company official said on Thursday. The company also expects to export lithium-ion battery cells and modules worth around INR 750 crore this fiscal. “This year itself we will start exports of EVs to countries like Europe and Japan,” Maruti Suzuki India Executive Director Rahul Bharti said at the Vibrant Gujarat Global Summit here.

On the export of battery cells and modules, Bharti said, “We are exporting it to advanced countries like in Europe. We will be touching almost INR 750 crore of lithium-ion advanced chemistry cells, battery packs and module exports this financial year.”

Continue reading “Maruti Suzuki plans to start exports of EVs this year”

Source : PTI | A continuation for five years of demand incentive under the FAME scheme will help increase penetration of electric vehicles to 25% from the current 5% in India, Kinetic Green Founder and CEO Sulajja Motwani said on Thursday. Motwani, who is also the FICCI National EV Committee Chair, said while India has made a good start towards electric mobility, the next five years will be crucial to establish electric as the preferred technology for mobility amongst consumers.

Speaking at Vibrant Gujarat Global Summit in Gandhinagar, she said the FICCI committee had submitted a comprehensive recommendation, including continuation of the FAME scheme, to the government for acceleration of electric mobility. Continue reading “Need FAME scheme extension for another 5 years: Kinetic Green CEO”

Source : PTI | The Tata Group’s investment for the fab manufacturing in Gujarat will be “very big” and a Cabinet note seeking approvals for the project will be moved “very soon”, Union Minister for Electronics and Information Technology Ashwini Vaishnaw said on Thursday. Speaking at the biennial Vibrant Gujarat Global Summit here, Vaishnaw said the Tatas’ proposed investment is important because it will be serving a wider spectrum of opportunities, right from fab to OSAT (Outsourced Semiconductor Assembly and Test).

Vaishnaw said the fab proposed in Dhooera will be a semiconductor chips manufacturing factory, which will be a “very big investment”. Continue reading “Tatas’ investment in Gujarat fab will be big, project to move for Cabinet approval soon: Vaishnaw”

Source : PTI | Rationalisation of the duty structure is critical for the fast adoption of new technologies, including electric vehicles, BMW Group India President Vikram Pawah said on Thursday. He stressed on a level-playing field in terms of taxation for the existing as well as for new players who seek to foray into the country.

“Our ask from the government has always been that if you want faster adoption of new technologies, and then localisation, there needs to be some rationalisation of the duty structure,” Pawah told reporters. Continue reading “Rationalisation of duty structure important for fast adoption of new technologies: BMW India Head”

Source : PTI | JSW Group on Thursday said it has partnered with Finland-based firm Coolbrook to implement a low carbon emission technology at its Vijayanagar plant in Karnataka. In a statement, JSW Group said the partnership follows Coolbrook’s successful completion of the first phase of large-scale pilot tests for RotoDynamic Technology at the Brightlands Chemelot Campus in the Netherlands in 2023.

“This strategic partnership will focus on implementing Coolbrook’s RotoDynamic Heater (RDH) Technology at JSW’s manufacturing sites at Vijayanagar Works in Karnataka with the primary goal of achieving low CO2 emissions in steel and cement production,” it said.

Continue reading “JSW Group ties up with Finland-based Coolbrook for low carbon emission tech”

(Reuters) – Even as U.S. inflation has eased in the last year, an unusual culprit has emerged in recent months as a surprise force in preventing consumer prices from falling even further: auto insurance.

Consumer prices in December overall rose 3.4% from a year earlier, the Labor Department said on Thursday in the release of the monthly Consumer Price Index, more than the 3.2% economists polled by Reuters had expected and up from 3.1% in November. Continue reading “‘Remarkable’ surge in auto insurance costs fans US inflation”

(Reuters) – Tesla (TSLA.O) has told production workers in the United States that they will get a pay hike, Bloomberg News reported on Thursday.

Many automakers including Volkswagen (VOWG_p.DE) and Toyota (7203.T) have raised wages for their non-unionized U.S. workers as the United Auto Workers (UAW) union looked to organize them after signing new labor deals with the Detroit Three. Continue reading “Tesla to raise pay for US factory workers – Bloomberg News”

GANDHINAGAR, India, (Reuters) – Japan’s Toyota Motor (7203.T) will in a couple of years globally launch vehicles with solid-state batteries that charge faster and last longer, an executive said on Thursday at an investment summit in India.

Solid-state batteries promise to dramatically improve the driving range of electric vehicles (EVs), a key element of a strategic pivot Toyota unveiled in June to make up ground lost to Tesla and Chinese rivals, such as BYD, in the EV race. Continue reading “Toyota to roll out solid-state battery EVs globally in a couple of years”

(Reuters) – Rental firm Hertz Global Holdings (HTZ.O) is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer its vehicles for rent, in another sign that EV demand has cooled.

Hertz will instead opt for gas-powered vehicles, it said on Thursday, citing higher expenses related to collision and damage for EVs even though it had aimed to convert 25% of its fleet to electric by 2024 end. Continue reading “Rental giant Hertz dumps EVs, including Teslas, for gas cars”

BERLIN,(Reuters) – Tesla (TSLA.O) will suspend most car production at its factory near Berlin from Jan. 29 to Feb. 11, the company said on Thursday, citing a lack of components due to shifts in transport routes because of attacks on vessels in the Red Sea.

The partial production stop is evidence that the crisis in the Red Sea, unleashed by Iranian-backed Houthi militants attacking vessels in solidarity with Palestinian Islamist group Hamas fighting Israel in Gaza, has hit Europe’s largest economy. Continue reading “Exclusive: Tesla Berlin to stop most output for two weeks due to Red Sea disruption”

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EV sales jumps 49% to 15.29 lakh units in 2023: FADA WAF

Modi meets top CEOs, discusses made-in-India vehicles to green hydrogen WAF Continue reading “WAF Auto News | The Auto World This Week (12th January 2024)”

Source

Trailblazing Performance. BMW Group India Celebrates Highest-ever Annual Sales in 2023.

 Highest-ever Car Sales (BMW + MINI) of 14,172 units with +18% growth.

 Highest-ever Bike Sales (BMW Motorrad) of 8,768 units with +20% growth.

 Highest-ever Quarter 4 Sales for BMW, MINI and BMW Motorrad.

 Number 1 in luxury electric vehicle market for the second year with the most diverse product range. Continue reading “Trailblazing Performance. BMW Group India Celebrates Highest-ever Annual Sales in 2023”

Source : PTI | Steel Strips Wheels Ltd (SSWL) will invest INR 138 crore in AMW Autocomponent Ltd as part of an insolvency resolution plan. The company’s board has decided on the plan after the Ahmedabad Bench of the National Company Law Tribunal gave its nod for its resolution plan for AMW Autocomponent, a regulatory filing said on Tuesday.

“SSWL shall infuse INR 138.15 crore into AMW Autocomponent Limited(AACL) through a mix of equity and debt as per the resolution plan approved by NCLT Ahmedabad,” it said. Continue reading “Steel Strips Wheels to invest INR 138 cr in AMW Autocomponent”

Source : PTI | ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation, has incorporated a wholly-owned subsidiary OVL Overseas IFSC Ltd in GIFT City, Gujarat. “This GIFT city entity will function as the global treasury centre to cater to the treasury activities of OVL and its 25 subsidiaries (including step-down subsidiaries) spread across 15 countries.

“Given the business-friendly regulatory environment in GIFT City, OOIL (OVL Overseas IFSC Ltd) expects to efficiently consolidate funds available with the group in various countries and raise additional funds needed to achieve the ambitious target of producing 40 million tonnes of oil and oil equivalent (MMToe) by 2040 from overseas assets,” the company said in a statement.

Continue reading “ONGC Videsh incorporates subsidiary in GIFT City”

BEIJING, Jan 10 (Reuters) – Volkswagen Group (VOWG_p.DE) and Toyota Motor (7203.T) saw their share of the world’s largest auto market shrink last year, industry data showed on Wednesday, as legacy international automakers ceded ground to Chinese rivals.

VW’s two joint ventures in China with FAW and SAIC took a combined 14.2% share in sales terms in 2023, down from 14.8% in 2022, according to data from the China Passenger Car Association (CPCA). Sales of SAIC VW and FAW VW include brands of VW, Audi and Jetta. Continue reading “VW, Toyota saw China market share shrink in 2023: industry association”

PARIS, Jan 10 (Reuters) – Renault (RENA.PA) is banking on new models and a price cut for its Megane model to help in its battle against U.S. rival Tesla Inc (TSLA.O) on its home turf, a senior official for the French carmaker told Reuters on Wednesday.

“The Renault brand’s main focus in 2024 is to go back on the offensive in the electric segment, since we’re currently second,” said Ivan Segal, Renault brand’s sales director for France. Continue reading “Renault banks on new models, Megane price cut to fight off Tesla in France”

(Reuters) – Japanese automaker Honda Motor (7267.T) announced on Tuesday plans to launch a new electric vehicle series from 2026, as it plays catch-up with global rivals in the shift to battery-powered cars.

Japan’s second-biggest car maker has been slow to step up EV sales, lagging behind European and U.S. competitors such as General Motors (GM.N) and Volkswagen (VOWG_p.DE), while facing a challenge from newer rivals such as China’s BYD (002594.SZ). Continue reading “Honda unveils plans for new EV lineup”

LAS VEGAS, (Reuters) – As artificial intelligence becomes the new horsepower for car buyers, established automakers are redoubling efforts to match the digital features that set Tesla (TSLA.O), BYD (002594.SZ) and other new rivals apart, industry executives and analysts said at the CES technology show in Las Vegas.

More than a decade after Tesla debuted cars with software that could be upgraded over the air like a smartphone, established automakers are still running behind in efforts to develop what the industry calls “software-defined vehicles,” industry executives said this week. Continue reading “Focus: At CES, legacy automakers scramble to keep up in AI arms race”

Source : PTI | New Delhi: Auto components major Bharat Forge on Tuesday said it has inked an MoU with the Tamil Nadu government to invest INR 1,000 crore over a period of five years to expand manufacturing footprint in the state. The company has entered into a memorandum of understanding (MoU) with Guidance, the nodal agency of the state government as part of the Tamil NaduGlobal Investors Meet 2024, it said in a regulatory filing.

The MoU is non binding and at present does not have a material impact on operations of the company, it added.

Continue reading “Bharat Forge to invest INR 1,000 cr in Tamil Nadu to enhance production activities”

Source : PTI | Prime Minister Narendra Modi on Tuesday met some of the top global CEOs on the sidelines of the Vibrant Gujarat Summit as he lured investments across sectors to boost the economy and create jobs. A day before inaugurating the Vibrant Gujarat Global Summit on January 10, the prime minister met executives of Suzuki Motor Corp, Micron Technology and AP Moller and discussed industry issues and investment opportunities.

Modi and Toshihiro Suzuki, Representative Director & President, Suzuki Motor Corp, “discussed Maruti Suzuki’s plans to make India a strong player in the global automotive market by exporting Made in India vehicles, along with deploying global best practices related to vehicle scrapping and vehicle recycling into India,” the Prime Minister’s Office said in a post on X. Continue reading “Modi meets top CEOs, discusses made-in-India vehicles to green hydrogen”

Source : PTI | Gensol Engineering on Tuesday said it will invest INR 2,000 crore to set up an EV manufacturing plant in Gujarat. A memorandum of understanding (MoU) to this effect was signed with the Gujarat government as part of the investment promotion activity for Vibrant Gujarat Global Summit 2024.

The project will generate around 1,500 jobs in the region, Gensol said in a regulatory filing. Continue reading “Gensol Engineering to invest INR 2,000 cr for EV plant”

Source : PTI | The Ministry of Road Transport and Highways (MoRTH) will come out with a modified Build-Operate-Transfer (BOT) project document in the next one month to attract interest of private companies for investments in the highways sector, a senior official said on Monday. Addressing an event organised by Rural Electrification Capital (REC) Ltd, Road Transport and Highways Secretary Anurag Jain said the government’s budget on the highways sector has increased three times in the last 10 years.

“We are giving final touches to modified BOT document for highways construction. It will be finalised in one month,” he said. Continue reading “MoRTH to come out with BOT project in the next month to attract investments: Anurag Jain”