Would Indians Love or Shove the Tesla ?

Would Indians Love or Shove the Tesla ?

by WAF Auto Think Tank

Elon Musk coming to India next week is Big News! It’s speculated that Tesla just might invest a couple Billion Dollars in the third largest automotive market in the world!

After the EV Policy change, Tesla could have invested just half a Billion dollars to qualify for the newly constituted 15% Duty bracket down from the 100% one. But it seems, it chooses to invest much higher.

The richest man in the world coming to meet one of the most powerful leaders in the world around the time when the largest democracy in the world gets busy with it’s General Elections. Coincidence ? Fan Boy Moment ? Way to get more govt goodies post elections ? A competent strategy to ensure formidable global rivals like BYD stay in the rear view mirror  ? Despite entering India much earlier!

Continue reading “Would Indians Love or Shove the Tesla ?”

Nippon Paint unveils Mastercraft, for exemplary automotive aftermarket body and paint work, powered by sustainable technology

Nippon Paint unveils Mastercraft, for exemplary automotive aftermarket body and paint work, powered by sustainable technology

Gurugram/New Delhi, 5 April 2024: Asia Pacific’s leading paint and coating company, Nippon Paint has launched its consumer facing automotive body and paint repair service brand, Mastercraft. Mastercraft promises exemplary body and paint work, car decoration services and ultra-fast velocity repairs, backed by Japanese precision and technology. Continue reading “Nippon Paint unveils Mastercraft, for exemplary automotive aftermarket body and paint work, powered by sustainable technology”

In 2023, bold EV strategies took a punch from reality

In 2023, bold EV strategies took a punch from reality

DETROIT, (Reuters) – This was the year the auto industry’s race toward an all-electric future took a detour.

Heading into 2023, automakers were gearing up to invest $1.2 trillion by 2030 to move electric vehicles from niche products to mass-market models – many with batteries and software developed in-house, according to a Reuters analysis. Continue reading “In 2023, bold EV strategies took a punch from reality”

India looking at Africa for critical minerals, says mines secretary

India looking at Africa for critical minerals, says mines secretary

Source : PTI | India is looking at Africa for minerals, including cobalt, and other critical minerals, Mines Secretary V L Kantha Rao said on Friday. The country is still engaging with Australia for lithium blocks, he said.

Talking to reporters on the sidelines of a function here, the secretary said, “In Africa, we are looking at Zambia, Namibia, Congo, Ghana and Mozambique for critical minerals.” Continue reading “India looking at Africa for critical minerals, says mines secretary”

Exciting Times Ahead for VW India | Company Unveils New Product Offerings for the Indian market

Exciting Times Ahead for VW India | Company Unveils New Product Offerings for the Indian market

At the forefront of innovation, Volkswagen India’s Annual Brand Media Conference 2024 witnessed a momentous occasion as the company unveiled its latest offerings tailored specifically for the discerning Indian market.

The new iterations included:

– The Taigun GT Plus Sport
– ⁠The Taigun GT Line
– ⁠The Virtus GT Plus Sport (concept)

These new iterations are set to redefine the automotive landscape with their unique blend of style and performance.

Continue reading “Exciting Times Ahead for VW India | Company Unveils New Product Offerings for the Indian market”

Should Tata, Mahindra, and other Indian automakers worry about Tesla & co.

Should Tata, Mahindra, and other Indian automakers worry about Tesla & co.

Source : PTI | The recent announcement of import duty concessions in the Electric Vehicle (EV) policy is set to boost the Indian electric vehicles market without negatively impacting local players, according to a senior government official.

Rajesh Kumar Singh, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), told PTI that the policy is designed to benefit the public interest as a whole.

Continue reading “Should Tata, Mahindra, and other Indian automakers worry about Tesla & co.”

US automakers race to build more hybrids as EV sales slow

US automakers race to build more hybrids as EV sales slow

DETROIT, (Reuters) – As U.S. sales of gas-electric hybrid vehicles surge and electric-vehicle sales cool, automakers and suppliers are betting consumer demand for a compromise between all-combustion and all-electric is a durable trend.

Automakers and suppliers are adding capacity to build gasoline-electric hybrid and plug-in hybrid vehicles for the U.S. market, responding to increased consumer demand for technology that General Motors and other automakers once planned to phase out in favor of all-electric fleets, industry executives and analysts said. Continue reading “US automakers race to build more hybrids as EV sales slow”

US says to investigate national security data risks from Chinese vehicles

US says to investigate national security data risks from Chinese vehicles

WASHINGTON, (Reuters) – The White House said on Thursday the United States is opening an investigation into whether Chinese vehicle imports pose national security risks and could impose restrictions due to concerns about “connected” car technology.

The U.S. Commerce Department probe is because Chinese assembled smart vehicles could collect sensitive data about U.S. citizens and infrastructure and send the data to China, the White House said. Continue reading “US says to investigate national security data risks from Chinese vehicles”

Automakers question feasibility of California 2035 EV sales mandate plan

Automakers question feasibility of California 2035 EV sales mandate plan

WASHINGTON, (Reuters) – Major automakers said on Wednesday that a California plan to end the sale of gasoline-only vehicles by 2035 might be unworkable in 11 other states that adopted it, citing insufficient consumer demand.

The Alliance for Automotive Innovation, which represents most major automakers except Tesla, raised concerns in comments filed with the U.S. Environmental Protection Agency on California’s proposal. Continue reading “Automakers question feasibility of California 2035 EV sales mandate plan”

Domestic manufacturing of semiconductors is the next big space: MeitY Secy

Domestic manufacturing of semiconductors is the next big space: MeitY Secy

Source : PTI | Domestic manufacturing of semiconductors is the next big space and many companies are expected to venture into this segment, a senior MeitY official said on Wednesday adding that a USD 2 billion digital economy is what India seriously needs. S Krishnan, Secretary of Ministry of Electronics & Information Technology (MeitY), while speaking virtually at the India Digital Summit (IDS) 2024 said the digital economy is expected to grow at a faster pace in the next few years.

“Semiconductors is the other big space. More companies are likely to come into the space…Our interest in semiconductors is open,” he said adding that in the next 5-10 years semiconductor manufacturing in the country is expected to come up in a big way. Continue reading “Domestic manufacturing of semiconductors is the next big space: MeitY Secy”

Simplifying Parts Identification and Ordering: AI Enhancements in Intelli Catalog

Simplifying Parts Identification and Ordering: AI Enhancements in Intelli Catalog

The world of spare parts management can be a labyrinthine maze for both Original Equipment Manufacturers (OEMs) and their dealer networks. Identifying and procuring the correct parts often involves navigating intricate menus, meticulously scouring technical specifications, and memorizing intricate part numbers – a process that is not only time-consuming but also prone to errors, ultimately leading to customer dissatisfaction.

Continue reading “Simplifying Parts Identification and Ordering: AI Enhancements in Intelli Catalog”

Toyota gives no answer to union demands at second round of wage talks

Toyota gives no answer to union demands at second round of wage talks

TOKYO, (Reuters) – Toyota Motor did not respond to a trade union’s wage demands in a second round of pay talks held on Wednesday, a senior union official said, keeping investors guessing about the outcome of closely-watched annual wage talks due to conclude on March 13.

For the past two years, the world’s biggest automaker by volume has accepted the union’s demands in full at the first meeting, which has long served as the pace-setter for Japan’s spring wage round called “shunto”. Continue reading “Toyota gives no answer to union demands at second round of wage talks”

VW Cars Create New National Records in Endurance Testing at NATRAX, Pithampur, MP, India

VW Cars Create New National Records in Endurance Testing at NATRAX, Pithampur, MP, India

By WAF Think Tank 

This was like a Special forces mission of the Motown!

The Mission – To set national speed endurance records over 24 hours in VW Cars!

The Battleground –The 11.3km long NATRAX – National Automotive High-speed Test tracks

The Weapons and Ammo – Two Volkswagen Virtus 1.5-litre GTs, one Virtus 1-litre MT, and two Taigun 1-litre ATs.

The Army –  Team EVO India, Media Teams, Team VW

Continue reading “VW Cars Create New National Records in Endurance Testing at NATRAX, Pithampur, MP, India”

RBI mandates lenders to provide Key Fact Statement to retail, MSME borrowers

RBI mandates lenders to provide Key Fact Statement to retail, MSME borrowers

Source : PTI | All lenders will now have to provide Key Fact Statement (KFS) about the terms of the loan agreement, including all-inclusive interest cost, to borrowers for retail as well as MSME loans, the RBI said on Thursday. Currently KFS is specifically mandated in respect of loans by commercial banks to individual borrowers, digital lending by RBI-regulated entities (REs), and microfinance loans.

Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said the central bank has announced several measures in the recent past to foster greater transparency and disclosure by the REs in pricing of loans and other charges levied on customers. Continue reading “RBI mandates lenders to provide Key Fact Statement to retail, MSME borrowers”

India for predictable trajectory to cleaner fuel for orderly energy transition

India for predictable trajectory to cleaner fuel for orderly energy transition

Source : PTI | India on Wednesday made a pitch for drafting a predictable trajectory to cleaner fuel for an orderly energy transition, saying a balanced and realistic dialogue is needed and not vilification of fossil fuel. Speaking at the India Energy Week here, Oil Minister Hardeep Singh Puri said the world’s third largest energy consumer is exploring options to diversify its oil purchases, including the possibility of picking up opportunity cargoes, such as those available from Russia and Venezuela.

The recent reforms in the sector, including diversification of sources of imports and changes in gas pricing mechanism, ensured that prices of petrol and diesel in India declined while the global prices were shooting up, he said.

Continue reading “India for predictable trajectory to cleaner fuel for orderly energy transition”

China’s new energy vehicle sales drop m/m for first time since Aug

China’s new energy vehicle sales drop m/m for first time since Aug

Summary

  • China’s Jan vehicle sales up 47.9% y/y, down 22.7% m/m
  • China’s Jan NEV sales up 78.8% y/y, down 38.8% m/m

BEIJING, Feb 7 (Reuters) – China’s new energy vehicle sales fell 38.8% versus the previous month, the first such drop since August 2023, industry data showed, as demand faltered in the world’s largest auto market despite a renewed discounting push led by Tesla (TSLA.O).

Vehicle sales, including those exported, totalled 2.44 million units, up 47.9% from a year earlier but down 22.7% from December, the first such slide since November, according to data from the China Association of Automobile Manufacturers (CAAM).

Continue reading “China’s new energy vehicle sales drop m/m for first time since Aug”

India’s Russian oil import hits 12-month low but long-term appetite remains intact

India’s Russian oil import hits 12-month low but long-term appetite remains intact

Source : PTI | New Delhi: India’s crude oil imports from Russia fell for a second straight month in January to its lowest in 12 months but the nation’s insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry officials. Russia supplied 1.2 million barrels per day of crude oil to India in January, down from 1.32 million barrels in December and 1.62 million barrels in November 2023, according to data from energy cargo tracker Vortexa.

Russia however continues to remain India’s top oil supplier, accounting for a little less than a quarter of 4.91 million barrels a day of oil that the world’s third largest energy consumer imported in January.

Continue reading “India’s Russian oil import hits 12-month low but long-term appetite remains intact”

WAF in partnership with SIMF & AITD launch ‘Towards Safer and Inclusive Roads’

WAF in partnership with SIMF & AITD launch ‘Towards Safer and Inclusive Roads’

World Auto Forum & Safe India Mobility Forum organised a Roundtable Meeting of Industry experts today on Road Safety titled Road Safety Experts Roundtable. The theme was Towards Safer and Inclusive Roads.

Pan India Safety Experts participated, offline and online , heads of Govt Depts , IPS , IAS , heads of Dealer , OEMs, Mobility Related Bodies and Transport Associations.

Continue reading “WAF in partnership with SIMF & AITD launch ‘Towards Safer and Inclusive Roads’”

Punjab must be made hub of producing green hydrogen, says Gadkari

Punjab must be made hub of producing green hydrogen, says Gadkari

Source : PTI | Union Minister Nitin Gadkari on Wednesday described hydrogen as the fuel of the future and said Punjab should be made an international hub of producing the green fuel. He also urged Punjab farmers not to burn stubble, saying the crop residue can be used in producing ethanol, hydrogen, and Compressed Natural Gas (CNG) for their further use as fuel.

The minister for road transport and highways was addressing a gathering after inaugurating and laying foundation stones of 29 national highway projects worth INR 4,000 crore in Punjab. Continue reading “Punjab must be made hub of producing green hydrogen, says Gadkari”

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

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

Source : PTI | Electric vehicle sales in India jumped 49.25 % year-on-year to 15,29,947 units in 2023, according to a data released by the Federation of Automobile Dealers’ Association (FADA) on Tuesday. The EV industry had recorded a total sales of 10,25,063 units in 2022, as per the data.

The two-wheeler sales grew 36.09 % to 8,59,376 units in the just-concluded year against 6,31,464 units in 2022, it said.

The e-three-wheeler sales volumes surged 65.23 % year-on-year to 5,82,793 units from 3,52,710 units sold in 2022. Continue reading “EV sales jumps 49% to 15.29 lakh units in 2023: FADA”

India to be a USD 5 trillion economy by FY28; reach USD 30 trillion by 2047: FM

India to be a USD 5 trillion economy by FY28; reach USD 30 trillion by 2047: FM

Source : PTI | India will become the third largest economy by 2027-28, with a GDP of over USD 5 trillion, Finance Minister Nirmala Sitharaman said on Wednesday. Even going by conservative estimates, the size of the Indian economy will be USD 30 trillion by 2047, she noted.

“It is possible that we will be the third largest economy by 2027-28, and our GDP will cross USD 5 trillion by that time. By 2047, it is a conservative estimate that we will reach at least USD 30 trillion in terms of economy,” Sitharaman said at the Vibrant Gujarat summit. Continue reading “India to be a USD 5 trillion economy by FY28; reach USD 30 trillion by 2047: FM”

BMW retools Munich headquarters for all-electric production from 2027

BMW retools Munich headquarters for all-electric production from 2027

BERLIN,(Reuters) – BMW (BMWG.DE) is investing 650 million euros ($711 million) to convert its main plant in Munich to exclusively produce EVs from the end of 2027, the carmaker said on Wednesday, a major stepping stone in the transition to the electric age.

It is putting up four buildings including a new vehicle assembly line and body shop, and has moved traditional engine manufacturing to Great Britain and Austria, with 1,200 employees retrained or moved to other locations. Continue reading “BMW retools Munich headquarters for all-electric production from 2027”

China likely dethroned Japan as world’s top auto exporter in 2023: China group

China likely dethroned Japan as world’s top auto exporter in 2023: China group

BEIJING/SHANGHAI, (Reuters) – China is estimated to have overtaken Japan as the world’s largest auto exporter in 2023, the China Passenger Car Association (CPCA) said on Tuesday, as BYD , Chery and other domestic automakers made major strides overseas.

The world’s biggest auto market also became the top auto exporter for the first time in 2023, with the CPCA announcing at a press conference that exports of cars jumped 62% to a record 3.83 million vehicles. Japanese customs data showed passenger car exports at 3.5 million for the first 11 months of the year, excluding second-hand vehicles. Continue reading “China likely dethroned Japan as world’s top auto exporter in 2023: China group”

Vehicle emissions are polluting Malaysia’s cities

Vehicle emissions are polluting Malaysia’s cities

Source : PTI | Despite some progress in improving air quality, Malaysia needs policies to combat new challenges including climbing transport emissions.

Malaysia has made some improvements to its air quality since 2005 when a state of emergency was announced as its Air Pollution Index exceeded 500.

Its most recent annual Air Pollution Index rating, from 2022, was an improvement on the previous year, partly because the country experienced more humidity and rain in 2022.

Continue reading “Vehicle emissions are polluting Malaysia’s cities”

World needs India to become reliable challenger to China’s supply-chain dominance: Anand Mahindra

World needs India to become reliable challenger to China’s supply-chain dominance: Anand Mahindra

Source : PTI | The world needs India to become a reliable challenger to China’s supply-chain dominance, which will provide a great opportunity in 2024 and investment will flow into the country in unprecedented volumes, according to Mahindra Group Chairman Anand Mahindra. In his New Year message, Mahindra also said all signs point to the Indian economy achieving “the mythical lift-off that we have been awaiting, for decades” and predicted that in 2024 “companies that are able to create a portfolio of desirable products both in features and price will face the happy challenge of raising their production to meet demand”.

Stressing that “a New Year is special because it always symbolises a new beginning”, he said, “No matter how dark the year has gone by, the human spirit has an abiding capacity for hope. 2023 was a year characterised by conflict, climate change and a sluggish post-Covid recovery. The year ended with the world crying out for renewal.” Continue reading “World needs India to become reliable challenger to China’s supply-chain dominance: Anand Mahindra”

TVS, Hyundai, MG, VW Recognised for Industry Best Practices by World Auto Forum | 9th IVASS powered by Top Leaders at WAF

TVS, Hyundai, MG, VW Recognised for Industry Best Practices by World Auto Forum | 9th IVASS powered by Top Leaders at WAF

20 Dec, 2023, New Delhi, INDIA

The 9th edition of the one and only IVASS – India Vehicle After Sales Summit was held recently at New Delhi. Organised by the World Auto Forum (WAF) each year, it brings together the top leaders of the After Sales Service community of the country under one roof. The theme this year was “Customers, Profitability & Growth” – Back to Basics Backed by New Thinking and Faster Execution”

Anuj Guglani, CEO, WAF said,’The vehicle sales have been booming, compensating for the Covid Lull. Crowded vehicle showrooms subsequently lead to flooded workshops! This is the time to balance Customers, Profitability and Growth inline with the theme of the IVASS.

Continue reading “TVS, Hyundai, MG, VW Recognised for Industry Best Practices by World Auto Forum | 9th IVASS powered by Top Leaders at WAF”

EU, U.S. extend steel tariff detente until end-March 2025

EU, U.S. extend steel tariff detente until end-March 2025

By 

 

BRUSSELS, Dec 19 (Reuters) – The European Union and the United States have agreed that Washington will continue to suspend tariffs on EU steel and aluminium until March 2025 and Brussels will not reimpose its retaliatory measures, the European Commission said on Tuesday.

Under the 15-month extension, the United States will refrain from its tariffs of 25% on EU steel and 10% on EU aluminium imposed in 2018 by former President Donald Trump, so parking the dispute until after U.S. and EU elections.

Continue reading “EU, U.S. extend steel tariff detente until end-March 2025”

Key Takeaways on Customers, Growth & Profitability of Vehicle After Sales Service | 9th IVASS

Key Takeaways on Customers, Growth & Profitability of Vehicle After Sales Service | 9th IVASS

The 9th edition of the India Vehicle After Sales Service (IVASS) organised recently by World Auto Forum brought together industry leaders to discuss and share insights on Best Practices & Innovations in Customer Experience, Satisfaction & Retention. 

Continue reading “Key Takeaways on Customers, Growth & Profitability of Vehicle After Sales Service | 9th IVASS”

US rules could force early production halt to some gas vehicles -letter

US rules could force early production halt to some gas vehicles -letter

WASHINGTON, (Reuters) – A group representing major automakers urged the Biden administration to make significant changes to three proposed vehicle rules, warning they could force car companies to hastily stop building some gas-powered vehicles.

The administration has proposed, among others, stringent rules that it estimates would result in 67% of new vehicles being electric by 2032.

The Alliance for Automotive Innovation, in a previously unreported letter to three cabinet agencies and the White House dated Wednesday and seen by Reuters, warned the proposed rules “could prematurely force abandonment of many internal combustion engine vehicles and their associated revenue, reducing the availability of capital necessary for automakers to fund the EV transition.” Continue reading “US rules could force early production halt to some gas vehicles -letter”

Nippon Paint Announces Acquisition Of VIBGYOR Paints & Chemicals

Nippon Paint Announces Acquisition Of VIBGYOR Paints & Chemicals

Nippon Paint has taken a significant stride in expanding its footprint in the Indian market with the complete acquisition of VIBGYOR Paints and Chemicals Pondicherry. The strategic move positions Nippon Paint as a major player in the industrial coatings sector, with a specific focus on bolstering its offerings for the Indian Railways.

VIBGYOR Paints and Chemicals Pondicherry will now operate as a division of Nippon Paint India. The acquisition is designed to capitalise on VIBGYOR’s established expertise in providing top-notch paints to Indian Railways. Continue reading “Nippon Paint Announces Acquisition Of VIBGYOR Paints & Chemicals”

Govt to stick to INR 33.61 lakh cr tax collection target in revised estimate, no case for fuel tax cut: Official

Govt to stick to INR 33.61 lakh cr tax collection target in revised estimate, no case for fuel tax cut: Official

New Delhi: The government is likely to stick to the budgeted estimate of total tax collection target of INR 33.61 lakh crore for current fiscal in the revised estimates, a senior finance ministry official said on Monday. “So far, direct tax collection is up by about 20 % and indirect tax is higher by 5 %. We have data till the eight months of the fiscal and usually the collections are better in the first half. So, at the moment, we will stick to the Budget numbers in our Revised Estimates (RE),” an official said.

For 2023-24 (April-March), the Union Budget had pegged total tax collections at INR 33.61 lakh crore, up 10.1 % from INR 30.54 lakh crore in the previous year.

Continue reading “Govt to stick to INR 33.61 lakh cr tax collection target in revised estimate, no case for fuel tax cut: Official”

In 2023, bold EV strategies took a punch from reality

In 2023, bold EV strategies took a punch from reality

By Joseph White

DETROIT, Dec 11 (Reuters) – This was the year the auto industry’s race toward an all-electric future took a detour.

Heading into 2023, automakers were gearing up to invest $1.2 trillion by 2030 to move electric vehicles from niche products to mass-market models – many with batteries and software developed in-house, according to a Reuters analysis.

As the year closes, legacy automakers as well as Tesla (TSLA.O), Rivian (RIVN.O) and other EV startups are throttling back investments and reworking product strategies. Legacy automakers are appealing to policymakers for more help to offset the high costs of the EV transition, on top of billions of dollars already pumped into EV subsidies.

Continue reading “In 2023, bold EV strategies took a punch from reality”

Renewable energy capacity to reach 170 GW by March 2025 on moderation in module prices: Icra analyst

Renewable energy capacity to reach 170 GW by March 2025 on moderation in module prices: Icra analyst

Source : PTI | India will add another 38 gigawatt (GW) of renewable energy capacity by March 2025 to touch 170 GW-mark, aided by moderation in solar module prices, an Icra analyst said on Thursday. The country’s installed renewable energy capacity was at 130 GW as of October 2023, Vikram V, Vice President & Sector Head – Corporate Ratings, Icra, said in a webinar.

Indian Renewable Energy (RE) capacity is expected to reach 170 GW by March 2025, led by strong policy support and moderation in solar module prices, he said.

Continue reading “Renewable energy capacity to reach 170 GW by March 2025 on moderation in module prices: Icra analyst”

Need to follow consistent EV policy, no need for company-specific sops: FICCI EV Committee chair

Need to follow consistent EV policy, no need for company-specific sops: FICCI EV Committee chair

Source : PTI | The government should not dilute the Make in India initiative and follow a consistent policy, FICCI EV Committee Chairperson Sulajja Firodia Motwani said amid a push from American electric carmaker Tesla for special sops to set up its factory in the country.

Motwani, the founder and CEO of Kinetic Green which sells battery-operated three-wheelers, scooters, e-cycles, and buggies, also emphasised creating a holistic ecosystem for the growth of the electric vehicle segment. Continue reading “Need to follow consistent EV policy, no need for company-specific sops: FICCI EV Committee chair”

Škoda Auto Volkswagen India wins Three Prestigious HR Certifications

Škoda Auto Volkswagen India wins Three Prestigious HR Certifications

By WAF Think Tank 

Škoda Auto Volkswagen India Private Limited has won, not just one, but three prestigious certifications – Great Place to Work® Institute (India), Top Employers Institute and HR Asia Awards (Best Companies to Work For in Asia).

This moment is a testament to the commitment and dedication of every member of the incredible team at Skoda VW India! From fostering a culture of inclusivity and innovation to promoting growth at every step, they surely believe in the power of their people!

Continue reading “Škoda Auto Volkswagen India wins Three Prestigious HR Certifications”

Uber tries to win over London black cabs

Uber tries to win over London black cabs

LONDON, Nov (Reuters) – Uber (UBER.N) will open up its platform to London’s black cabs next year, the ride-hailing firm said on Wednesday, trying to win over the British capital’s taxis after a decade of tensions.

London’s black cab drivers – who have to pass a test called “The Knowledge” requiring them to memorise thousands of routes within the city – have long been at loggerheads with Uber, arguing it threatens their livelihoods. Continue reading “Uber tries to win over London black cabs”

EVs struggle with reliability due to charging, battery issues – Consumer Reports survey

EVs struggle with reliability due to charging, battery issues – Consumer Reports survey

Nov (Reuters) – Electric vehicles continue to grapple with poor reliability due to charging and battery issues, a survey by an influential U.S. non-profit organization showed on Wednesday, even as consumers are buying them at a breakneck pace.

On average, new EVs had 79% more problems than gasoline-powered vehicles, Consumer Reports’ 2023 Annual Auto Reliability survey showed. Hybrid vehicles had fewer issues than gasoline ones, while plug-in hybrids had 146% more problems. Continue reading “EVs struggle with reliability due to charging, battery issues – Consumer Reports survey”

How can aftermarket solutions software streamline parts and service management?

How can aftermarket solutions software streamline parts and service management?

By Team Intellinet Systems

Aftermarket refers to the set of activities that happen after an OEM sells a product or service. It includes repair, service, replacement, warranty, and much more. Although it doesn’t sound much of a hassle, managing the entire aftersales activities is not only hectic and cumbersome but also cost-intensive. Managing parts and services poses multiple challenges for businesses. In this blog, we will discuss how aftermarket software solutions streamline these processes and reduce operational costs while maintaining the customer experience.

Let us now talk about the benefits that enable OEMs with better parts and service management: Continue reading “How can aftermarket solutions software streamline parts and service management?”

Tesla on two wheels? India’s Ola Electric feels the strains of success

Tesla on two wheels? India’s Ola Electric feels the strains of success

Summary

  • India’s No. 1 e-scooter maker faces challenges ahead of IPO
  • Some service centres have big backlogs, long repair times
  • Ola’s CEO says it’s aggressively expanding service network

THANE/HYDERABAD/NEW DELHI/MUMBAI, Nov (Reuters) – Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can’t keep up, though.

Aggarwal’s Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. The tech entrepreneur vows to banish the internal combustion engine (ICE) from India, where two-wheel vehicles rule the roads. Continue reading “Tesla on two wheels? India’s Ola Electric feels the strains of success”

Commercial vehicle segment set for growth with expanding economy: VECV MD

Commercial vehicle segment set for growth with expanding economy: VECV MD

Source : PTI | Domestic commercial vehicle industry is expected to touch the peak sales volume of 2018-19 this fiscal and grow briskly over the next few years coinciding with the growth of the overall economy, VE Commerical Vehicles MD and CEO Vinod Aggarwal said on Monday. He noted in the first seven months (April-October), the heavy duty truck segment has grown by 15 per cent.

“We are expecting that this year the industry should either be very near to the peak or it may even cross earlier peak of 2018-19,” Aggarwal told PTI here in an interaction. Continue reading “Commercial vehicle segment set for growth with expanding economy: VECV MD”