India unlikely to have hyperloop trains in near future: NITI member V K Saraswat

India unlikely to have hyperloop trains in near future: NITI member V K Saraswat

Source : PTI | India is unlikely to go in for hyperloop technology for ultra high-speed trains in the near future as the technology is at a ‘very low level’ of maturity and may not be economically viable at the current juncture, NITI Aayog Member V K Saraswat said on Sunday. Saraswat, who is heading a committee to explore the technological and commercial viability of the Virgin Hyperloop technology, further said some foreign companies have shown interest to bring the technology in India. Continue reading “India unlikely to have hyperloop trains in near future: NITI member V K Saraswat”

Get Ready for a Journey powered by Nostalgia | Oye Hoye! by Anuj Guglani
Automakers blast US plan to hike fuel efficiency rules

Automakers blast US plan to hike fuel efficiency rules

WASHINGTON, Oct 16 (Reuters) – A group representing General Motors (GM.N), Toyota Motor (7203.T), Volkswagen (VOWG_p.DE) and nearly all other major automakers on Monday sharply criticized the Biden administration proposal to drastically hike fuel efficiency requirements.

The Alliance for Automotive Innovation said the National Highway Traffic Safety Administration’s (NHTSA) Corporate Average Fuel Economy (CAFE) proposal was unreasonable and requested significant revisions. Continue reading “Automakers blast US plan to hike fuel efficiency rules”

Petrol, diesel sales fall ahead of start of festive season

Petrol, diesel sales fall ahead of start of festive season

Source : PTI | New Delhi: Petrol and diesel sales fell in the first half of October ahead of the start of festival season that is expected to boost consumption, preliminary data of state-owned firms showed. Last year, Durga Puja/Dussehra as well as Diwali fell in October. This year the festival season, when consumption picks up, starts in the second half of October.

Petrol sales by three state-owned fuel retailers fell 9 % year-on-year, the first drop in two months. Diesel consumption dropped 3.2%. Continue reading “Petrol, diesel sales fall ahead of start of festive season”

EU countries back targets to slash truck CO2 emissions

EU countries back targets to slash truck CO2 emissions

BRUSSELS, Oct 16 (Reuters) – European Union countries backed tougher CO2 emissions targets for heavy goods vehicles on Monday, requiring new trucks to slash their emissions by 90% by 2040, but they delayed a planned target to drive a switch to electric city buses.

EU countries’ climate ministers agreed to support a proposed law on the issue, which would also require new trucks sold in the EU to have 45% less CO2 emissions by 2030 and 65% by 2035, compared with 2019 levels. Continue reading “EU countries back targets to slash truck CO2 emissions”

Canadian autoworkers union Unifor ratifies GM labor deal

Canadian autoworkers union Unifor ratifies GM labor deal

Oct 15 (Reuters) – Canadian labor union Unifor on Sunday said its members had voted in favor of a contract with General Motors (GM.N), a relief for the automaker as it also faces a larger strike by hourly workers in the United States.

The Canadian union, which represents about 4,300 workers at GM in these talks, said 80.5% of its members at facilities in Oshawa, St. Catharines and Woodstock voted in favor of the deal. Continue reading “Canadian autoworkers union Unifor ratifies GM labor deal”

Is India’s infrastructure ready to be electrified?

Is India’s infrastructure ready to be electrified?

Source : PTI | New Delhi: India is taking the lead in the global shift to electrification by introducing several electric vehicles or hybrid vehicles. According to market research firm Jato Dynamics, Electric vehicle (EV) sales grew 112% YoY to 50,284 units during April-September 2023. Thus, India has already begun shifting to EVs. But the question is whether the infrastructure is ready for such a major shift in the automobile industry? Here is a close look at the current situation in the country.

Q.1 What is the present status of EV charging ecosystem (including home stations) in India and the projected demand? Continue reading “Is India’s infrastructure ready to be electrified?”

Indian automobile industry capable of becoming export-led USD 1 trillion by 2035: Report

Indian automobile industry capable of becoming export-led USD 1 trillion by 2035: Report

Source : PTI | New Delhi: The Indian automobile sector has the potential to become an export-led USD 1 trillion industry by 2035, according to a report. The industry can achieve the size enabled by manufacturing, innovation and technology leadership, as per a report by Arthur D Little.

Arthur D Little Managing Partner (India & South Asia) Barnik Chitran Maitra noted that India’s automotive industry can become a global hub for design, development, and production, appealing to international markets. Continue reading “Indian automobile industry capable of becoming export-led USD 1 trillion by 2035: Report”

Significant growth opportunities in Indian battery energy storage system market: Industry players

Significant growth opportunities in Indian battery energy storage system market: Industry players

Source : PTI | There is significant growth opportunity in the Indian Battery Energy Storage System market largely driven by technological advancements in new battery technologies, experts believe. Moreover, adopting sustainable recycling methods is crucial because the market for recycled EV batteries in India is predicted to reach 128 GWh by 2030, said Yogesh Mudras, MD of Informa Markets in India, the firm that organised the Renewable Energy India Expo here.

Over 700 exhibitors, more than 900 brands have converged for the expo, which is expected to attract around 40,000 visitors over the next three days. Continue reading “Significant growth opportunities in Indian battery energy storage system market: Industry players”

Nanoparticle emissions from Delhi’s transport sector could trigger significant health risks: Study

Nanoparticle emissions from Delhi’s transport sector could trigger significant health risks: Study

Source : PTI | Delhi has been experiencing hazardous levels of nanoparticles in urban air, especially in the roadside environment, directly related to vehicular engine exhaust, raising pubic health concerns, according to a study. Nanoparticles are minuscule particles, often measuring between 10 to 1000 nanometers (nm) in diameter, making them invisible to the naked eye.

These particles are more dangerous to human health due to their much smaller size compared to PM 2.5 or PM 10. Being 600 times smaller than a human hair, they can penetrate deep into our lungs, bloodstream, and even the brain. Continue reading “Nanoparticle emissions from Delhi’s transport sector could trigger significant health risks: Study”

Changes in India’s GST Law to be effective from 01.10.2023

Changes in India’s GST Law to be effective from 01.10.2023

by Adv (CA) Pawan Arora

 

1. New condition has been inserted for Supply of services/goods to SEZ Developer/Unit.

2. Input Tax Credit for CSR Expenses has been restricted.

3. Input Tax Credit reversal under Rule 42 & Rule 43 has to be carried out with respect to Supplies from Bonded Warehouse.

4. Filing returns/statements namely GSTR 1, GSTR 3B, TDS Statement and Annual Return have been restricted after expiry of Three Years.

5. The Government may share the information of assessee by taking prior consent.

Continue reading “Changes in India’s GST Law to be effective from 01.10.2023”

Demand for EV charger to grow at 65% CAGR by 2030

Demand for EV charger to grow at 65% CAGR by 2030

Source : PTI | New Delhi: The domestic demand for EV chargers is likely to grow at a CAGR of 65% to reach the 3 million unit mark by 2030, according to a report. More than 17,000 units of electric vehicle (EV) chargers were sold in 2021, the joint report of Customized Energy Solutions(CES) and India Energy Storage Alliance (IESA) said.

The Indian EV charger market is poised to expand at an impressive CAGR of 65% between 2022 and 2030 to achieve annual sales of 3 million units to meet the requirement of chargers to meet the national EV scenario (NEV) by 2030, the report titled ‘India Electric Vehicle Charging Infrastructure & Battery Swapping Market Overview’ said. Continue reading “Demand for EV charger to grow at 65% CAGR by 2030”

Biden says UAW should fight for 40% pay raise in Michigan strike visit

Biden says UAW should fight for 40% pay raise in Michigan strike visit

BELLEVILLE, Michigan, Sept 26 (Reuters) – President Joe Biden on Tuesday joined a picket line with striking autoworkers in Michigan, supporting their call for a 40% pay raise and saying they deserve a “lot more” than they are getting.

Biden’s appearance, the first visit by a U.S. president to striking workers in modern history, comes a day before Donald Trump, the Republican front-runner for president, will speak to auto workers in Michigan. The rare back-to-back events highlight the importance of union support in the 2024 presidential election, even though unions represent a tiny fraction of U.S. workers. Continue reading “Biden says UAW should fight for 40% pay raise in Michigan strike visit”

WAF facilitates Industry Leaders to Co-Create the Win-Win Future of AI at Auto & Mobility

WAF facilitates Industry Leaders to Co-Create the Win-Win Future of AI at Auto & Mobility

World Auto Forum successfully organised the 7th WAFit! Summit – AI at Automotive in association with India Future Foundation – a leading think tank on Cybersecurity and Ethical AI.

The program commenced with a tribute followed by a two-minute silence in honour of Deepangshu Dev Sarmah, Founding Editor, Mobility Outlook, whose untimely passing came as a shock to all. The program was dedicated to Him. 

The 7th WAFit! Summit – AI at Auto was spread across 3 panel discussions and 4 keynote sessions powered by 20+ Top Auto & Tech Leaders and Policy Makers. 

Continue reading “WAF facilitates Industry Leaders to Co-Create the Win-Win Future of AI at Auto & Mobility”

Chinese auto executives and ‘father of EVs’ urge global cooperation

Chinese auto executives and ‘father of EVs’ urge global cooperation

MUNICH, Sept 6 (Reuters) – China’s electric vehicle industry leaders from policy adviser and ‘father of EVs’ Wan Gang to the heads of carmakers BYD and Nio and battery maker CATL called for stronger global cooperation and standardisation in policy to ease the technological transition.

Wan, a key figure in leading China’s development of electric vehicles, said efficient batteries, better EV architectures and intelligent driving systems were the three key technologies required to boost EV uptake. Continue reading “Chinese auto executives and ‘father of EVs’ urge global cooperation”

BYD calls for more cooperation with German automakers

BYD calls for more cooperation with German automakers

MUNICH, Sept 6 (Reuters) – BYD (002593.SZ) chairman and president Wang Chuanfu told German auto executives at a conference in Munich on Wednesday there was room for more cooperation in the electric vehicle transition, echoing a series of Chinese EV startups calling for partnerships.

“We believe there is more space to cooperate and work together with German counterparts … we want to invite partners from Germany to join BYD to promote green transport,” Wang Chuanfu said, speaking at the World New Energy Vehicle Congress. Continue reading “BYD calls for more cooperation with German automakers”

EV broken? Finding a technician to fix it may take a while

EV broken? Finding a technician to fix it may take a while

LONDON/DETROIT/MILAN, England, Sept 6 (Reuters) – A global shortage of technicians and independent repair shops qualified to fix electric vehicles (EV) threatens to increase repair and warranty costs for drivers, potentially undermining upcoming deadlines to cut vehicle carbon emissions.

From Milan to Melbourne to Malibu, technician training organizations, warranty providers and repairers say that independent repair shops will be vital for making EVs affordable because they are far cheaper than franchise dealers. Continue reading “EV broken? Finding a technician to fix it may take a while”

Factbox: Tesla’s Autopilot faces unprecedented scrutiny

Factbox: Tesla’s Autopilot faces unprecedented scrutiny

Aug 29 (Reuters) – Elon Musk has championed Tesla Inc’s (TSLA.O) driver assistance Autopilot and “Full Self-Driving” software as innovations that will both improve road safety and position the electric vehicle maker as a technology leader.

But the Tesla systems – and Musk’s claims about them – face their biggest challenge since the launch of Autopilot in 2015 as a series of lawsuits over fatal Tesla accidents head to court starting next month and a federal probe into Autopilot nears an end. Continue reading “Factbox: Tesla’s Autopilot faces unprecedented scrutiny”

India’s auto industry poised to rank number 3 in world by 2030: Govt

India’s auto industry poised to rank number 3 in world by 2030: Govt

Source : PTI | India’s automotive industry is poised to rank number three in the world by 2030, with various schemes like the INR 25,938 crore PLI for Automobile and Auto Components supporting the sector’s growth, the government said on Monday. Ministry of Heavy Industries (MHI) is organising a conference on Tuesday to review the performance of the Production Linked Incentive -Auto Scheme. The meeting with stakeholders will be chaired by Heavy Industries Minister Mahendra Nath Pandey.

The event shall have special focus on understanding the opportunities available through this scheme. Continue reading “India’s auto industry poised to rank number 3 in world by 2030: Govt”

Need to embrace AI, innovate faster and protect privacy: B20 India Chair India has made a big breakthrough in the privacy space: N Chandrasekaran

Need to embrace AI, innovate faster and protect privacy: B20 India Chair India has made a big breakthrough in the privacy space: N Chandrasekaran

To truly realize the full potential of Artificial Intelligence (AI), we need to figure out a way to embrace AI so that we can innovate faster while at the same time protect privacy, said Mr N Chandrasekaran, Chair, B20 India and Executive Chairman, Tata Sons, India. Mr Chandrasekaran said that having the right digital infrastructure like cloud, data centre, digital devices for everyone, etc is fundamental to make a large impact. He was speaking during Plenary Session 2 on ‘AI for Business and Societies: Opportunities and Regulations’ at the B20 Summit India 2023 in New Delhi on 25 August. The summit was organized by CII, the Secretariat for the B20 India. Continue reading “Need to embrace AI, innovate faster and protect privacy: B20 India Chair India has made a big breakthrough in the privacy space: N Chandrasekaran”

India’s imports from Russia doubled to USD 20.45 billion in April-July period

India’s imports from Russia doubled to USD 20.45 billion in April-July period

Source : PTI | New Delhi: India’s imports from Russia doubled to USD 20.45 billion during the April-July period of this fiscal due to increasing inbound shipments of crude oil and fertiliser from that country, according to the commerce ministry data. With this, Russia has become India’s second largest import source during the first four months of this fiscal.

The imports were USD 10.42 billion during April-July 2022.

From a market share of less than 1% in India’s import basket before the start of the Russia-Ukraine conflict, Russia’s share of India’s oil imports rose to over 40%. Continue reading “India’s imports from Russia doubled to USD 20.45 billion in April-July period”

How much worse can China’s economic slowdown get?
ACC battery market demand in India to rise to 220 GWh by 2030: Report

ACC battery market demand in India to rise to 220 GWh by 2030: Report

Source : PTI | The advanced chemistry cell battery market demand in India is expected to grow at a CAGR of 50% from 20 GWh in 2022 to around 220 GWh by 2030, according to a CII report released on Sunday. The growth is expected to be supported by the thriving local battery manufacturing industry and a robust local supply chain.

As a result, India is expected to localize a significant portion of the entire value chain from material processing to pack assembly and integration, said the report on ‘Raw materials for Battery & Component Manufacturing’. Continue reading “ACC battery market demand in India to rise to 220 GWh by 2030: Report”

Passenger vehicle sales set to cross 10 lakh mark in festive period this year

Passenger vehicle sales set to cross 10 lakh mark in festive period this year

Source : PTI | New Delhi: Domestic passenger vehicle sales are expected to cross 10 lakh mark in the festive period this year with demand remaining robust, especially for utility vehicles. The 68-day festive period this year falls between August 17 and November 14. Few days in between are not considered auspicious for buying.

In an interaction with PTI, Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava said that usually the festive season sales account for around 22-26% of the overall sales during a year. Continue reading “Passenger vehicle sales set to cross 10 lakh mark in festive period this year”

SIAM organises International Conference on Fuelling the Future towards Sustainability on World Biofuel Day 2023

SIAM organises International Conference on Fuelling the Future towards Sustainability on World Biofuel Day 2023

New Delhi, 9th August 2023: With the objective of promoting eco-friendly and sustainable mobility, the Society of Indian Automobile Manufacturers (SIAM) hosted an international conference focused on “Fuelling the Future towards Sustainability: Observing World Biofuels Day 2023”. The conference aimed to share knowledge and experiences about making the automotive industry more sustainable through biofuels. It witnessed deliberations around various aspects of biofuel, including biofuel production, use, biofuel policies in India and global initiatives, along with innovative technologies. The conference provided a platform for industry experts and stakeholders to discuss and explore ways to drive sustainable practices in the automotive sector through the adoption of biofuels. Continue reading “SIAM organises International Conference on Fuelling the Future towards Sustainability on World Biofuel Day 2023”

UP Police & Rapido join hands to Promote Safe Riding, Distributes Free Helmets in Noida

UP Police & Rapido join hands to Promote Safe Riding, Distributes Free Helmets in Noida

Noida, August 6, 2023: Continuing with its endeavors to promote road safety and safe driving amongst two-wheeler riders, Rapido, India’s leading bike-taxi aggregator platform, has yet again initiated an important step to promote the adoption of road safety practices amongst motorcyclists and scooter riders by partnering with the UP Police for a free helmet distribution drive.

Held near the Botanical Garden Metro Station in Noida, the helmet distribution drive aimed at promoting safe driving practices amongst scooter and bike riders and encourage them to adopt certified helmets for increasing personal safety and reducing chances of injuries and fatalities in case they meet with a road accident. This initiative was led by Mr. Saurabh Srivastava, ACP Traffic, Gautam Buddh Nagar, who extended strong support to the awareness and helmet distribution program. Continue reading “UP Police & Rapido join hands to Promote Safe Riding, Distributes Free Helmets in Noida”

Chinese automakers to take majority of home market for first time – forecast

Chinese automakers to take majority of home market for first time – forecast

July 5 (Reuters) – Chinese auto brands are on track to account for just over 50% of the cars sold in their home market this year thanks to a growing dominance in electric vehicles, consultancy AlixPartners said on Wednesday.

It would represent the first time Chinese automakers have controlled a majority share of China’s car market – the world’s largest. Continue reading “Chinese automakers to take majority of home market for first time – forecast”

Govt plans to double turnover of automobile industry to INR 15 lakh crore: Nitin Gadkari

Govt plans to double turnover of automobile industry to INR 15 lakh crore: Nitin Gadkari

Source : PTI The government intends to double the turnover of the automobile industry to INR 15 lakh crore from INR 7.5 lakh crore at present, Union Minister for Road Transport and Highways Nitin Gadkari said on Tuesday. Speaking at a public meeting in Rajasthan’s Pratapgarh district to highlight achievements of the central government in the last nine years, Gadkari also targeted Congress saying that in the name of removing poverty, Congress leaders eliminated their own poverty.

“The turnover of the automobile industry is INR 7.55 lakh crore, and four and a half crores have got jobs in the sector. This industry gives maximum GST to the government. We have decided that we will make this industry of INR 15 lakh crore,” he said, adding that the industry will generate ten crore jobs. Continue reading “Govt plans to double turnover of automobile industry to INR 15 lakh crore: Nitin Gadkari”

VW Virtus sets a new speed record in the Rann of Kutch | Team Evo India

VW Virtus sets a new speed record in the Rann of Kutch | Team Evo India

In an age where we fret over potholes and unpaved roads, daredevils at Evo India have embarked on a journey that most wouldn’t even dare to imagine. Imagine traversing a 73 km stretch of just loose rocks, sand, and dry cracked earth, where temperatures spike up to a scorching 50 degrees Celsius. Picture the impending dangers of blinding sandstorms and poor visibility. All of this, in a regular car equipped with standard tyres, not specialized rally ones. Yes, you heard it right!

Continue reading “VW Virtus sets a new speed record in the Rann of Kutch | Team Evo India”

Need to move from dangerous streets built for cars to safe spaces designed for people: WHO

Need to move from dangerous streets built for cars to safe spaces designed for people: WHO

PTI – Stockholm, The governments and various stakeholders need to rethink mobility as there is an urgent need to move from the dirty and dangerous streets for cars to safe, green and vibrant spaces designed for the people, WHO’s Head of Safety and Mobility, Nhan Tran, said on Monday. Road accidents kill more than 1.3 million people each year – more than two every minute – with 9 in 10 of these preventable deaths occurring in low- and middle-income countries. Road crashes are the leading global killer of children and youth aged 5-29.

Continue reading “Need to move from dangerous streets built for cars to safe spaces designed for people: WHO”

A second life for EV batteries? Depends how long the first is

A second life for EV batteries? Depends how long the first is

LONDON, June 26 (Reuters) – Global automakers have touted plans to re-use electric vehicle (EV) batteries when they lose power, but competition for battery packs and cell materials, and the appetite for affordable cars cast doubt on this part of the circular economy.

An array of startups offers second-life energy storage using old EV batteries.

But creating the viable industry envisioned by carmakers such as Nissan (7201.T) would mean fighting off competition from recyclers, refurbishers and the needs of drivers squeezed by the cost-of-living crisis.

Continue reading “A second life for EV batteries? Depends how long the first is”

Lithium producers warn global supplies may not meet electric vehicle demand

Lithium producers warn global supplies may not meet electric vehicle demand

LAS VEGAS, June 22 (Reuters) – Lithium producers are growing anxious that delays in mine permitting, staffing shortages and inflation may hinder their ability to supply enough of the battery metal to meet the world’s aggressive electrification timelines.

Once a niche metal used primarily in ceramics and pharmaceuticals, lithium is now one of the world’s most in-demand metals given aggressive EV plans from Stellantis (STLAM.MI), Ford (F.N) and other automakers.

Continue reading “Lithium producers warn global supplies may not meet electric vehicle demand”

India’s May passenger vehicle wholesales jump shows inventory build-up

India’s May passenger vehicle wholesales jump shows inventory build-up

BENGALURU, June 13 (Reuters) – Indian passenger vehicle (PV) wholesales rose 13.5% in May, data from the Society of Indian Automobile Manufacturers (SIAM) showed on Tuesday, indicating a build-up of stocks amid worries of muted retail demand.

Carmakers sold 334,247 PVs in the month, compared to 294,392 units a year before, according to SIAM, which tracks sales made to dealers.

Continue reading “India’s May passenger vehicle wholesales jump shows inventory build-up”

WAF’s Suggestions & Insights on the Proposed “Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023”

WAF’s Suggestions & Insights on the Proposed “Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023”

By Parth Piyush Prasad, Team WAF Think Tank

Introduction:

The Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023, is a salient policy, a ground-breaking policy for tackling vehicular emissions. Delhi’s atmosphere has suffered through years of heavy pollution, with vehicular emissions being one of the biggest contributors to it. The Government of the NCT use this policy to acknowledge that fact, and attempt to rectify the same over a long term. Their policy also acknowledges the growth of app-based aggregators and delivery service providers (henceforth, DSPs), and their massive involvement in the on-ground vehicles used often.

Continue reading “WAF’s Suggestions & Insights on the Proposed “Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023””

Transport sector accounts for 40 per cent of air pollution; need to develop greener fuels: Gadkari

Transport sector accounts for 40 per cent of air pollution; need to develop greener fuels: Gadkari

PTI – “We (transport) are responsible for 40 per cent of air pollution in the country…as the transport minister, actually I am responsible for that,” Gadkari said, citing the case of New Delhi which is grappling with air pollution woes.

Union minister Nitin Gadkari on Thursday said the transport sector contributes to 40 per cent of the air pollution in the country, and exhorted the industry to develop greener fuel alternatives to reduce the problem. Speaking at the GH2 summit here, Gadkari said 90 per cent of this contribution comes from the road transport sector, the portfolio he handles.

Continue reading “Transport sector accounts for 40 per cent of air pollution; need to develop greener fuels: Gadkari”

Not enough resources for EVs to be only cleaner car option, Toyota says

Not enough resources for EVs to be only cleaner car option, Toyota says

TOKYO, May 18 (Reuters) – A lack of resources means battery electric vehicles (BEV) cannot be the auto sector’s only answer to climate change, Toyota Motor Corp’s top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles.

Some investors and environmental groups have long criticised Toyota (7203.T) for being slow to embrace BEVs, saying it has lagged Tesla Inc (TSLA.O) and others amid growing global demand.

Continue reading “Not enough resources for EVs to be only cleaner car option, Toyota says”

World Auto Forum Successfully Organises WAF Whale Tank & 10th WAF Awards | Top Auto & Mobility Cos are WAF Annual Partners

World Auto Forum Successfully Organises WAF Whale Tank & 10th WAF Awards | Top Auto & Mobility Cos are WAF Annual Partners

by WAF Think Tank 

World Auto Forum successfully organised the WAF I2N – Innovators & Investors Network and WAF Whale Tank in partnership with We Founder Circle, India’s No 1 Angel Investors Platform. The event was also powered by WAF First Angels – A curated community by World Auto Forum of angel investors comprising Top CXOs, Entrepreneurs and professionals. 

Anuj Guglani, Founder & CEO, World Auto Forum said, ‘A thriving startups ecosystem is the barometer of innovation and growth for any nation. India has been a country of investors, startups and entrepreneurs even before these terms were coined. WAF is committed to contributing to these communities meaningfully.’

The WAF I2N first panel discussion included angel investors and startup founders as speakers. It was on an extremely pertinent topic: Important Things That Make a Startup Successful. It initially saw the investors and founders lock horns on valuations, viability and value creation. This spiced up the discussion, reminiscent of their quarterly review meetings back at their offices! Gradually the discussion led to the discovery of common ground for win-win! They realised they need each other for the ecosystem to be alive. Hence collaboration is inevitable! 

Continue reading “World Auto Forum Successfully Organises WAF Whale Tank & 10th WAF Awards | Top Auto & Mobility Cos are WAF Annual Partners”

MG Motor expects 30% of sales to come from EVs this year; gears up to drive in electric hatch Comet

MG Motor expects 30% of sales to come from EVs this year; gears up to drive in electric hatch Comet

PTI – Chaba said the automaker has invested between Rs 600-700 crore on the development of Comet which would be rolled out from its Halol-based plant in Gujarat with a localisation content of around 53-54 per cent. Expecting a robust response, MG Motor is looking to gradually ramp up the production capacity of Comet to around 3,000 units a month, he added.

Bullish on electric mobility MG Motor India expects 30 per cent of its sales to accrue from the electric vehicle segment this year as it gears up to introduce its second offering in the vertical next month, according to the company’s President and Managing Director Rajeev Chaba. The company, which currently sells ZS EV in the country, has unveiled a two- door electric vehicle ‘Comet’ which it plans to introduce in phase wise manner across the country starting next month.

Continue reading “MG Motor expects 30% of sales to come from EVs this year; gears up to drive in electric hatch Comet”

Volkswagen focussing on premium products in India following global strategy

Volkswagen focussing on premium products in India following global strategy

PTI – Volkswagen is focusing on premium products in India, says Volkswagen Passenger Cars India Brand Director, Ashish Gupta, as 45% of all passenger vehicles sold in the country so far this year are priced above INR 10 lakh. The carmaker has moved into an average price band of INR 16 lakh, which offers feature-loaded products in response to evolving customer demands. “Customers are in a zone of no compromise,” Gupta stated. Gupta also confirmed that Volkswagen has moved away from the sub-four metre Polo segment entirely.

With nearly 45 per cent of passenger vehicles sold in India coming from models priced above INR 10 lakh so far this year, German carmaker Volkswagen is focussing on premium products in the country following its global strategy, according to a senior company official. The company, which till about three to four years back was operating in a price bracket of INR 6.5 lakh to INR 7 lakh, has now moved up to an average price band of INR 16 lakh offering feature-loaded products in order to meet the evolving customer demands.

Continue reading “Volkswagen focussing on premium products in India following global strategy”