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”
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.
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.
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”
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!
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.
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”
PTI – Volkswagen Passenger Cars India Brand Director Ashish Gupta said the company is following a two-pronged strategy of premiumization and electrification to strengthen presence and enhance its position in India.
German carmaker Volkswagen plans to bring its first electric vehicle in India next year with the launch of premium electric SUV ID.4 to tap the opportunity in the fast growing electric mobility space in the country, a senior company official said on Tuesday. By 2030, Volkswagen expects 25-30 per cent of its total sales in India to come from EVs and the rest from internal combustion engine vehicles.
Continue reading “Volkswagen to bring its first EV in India next year”
BRUSSELS, March 30 (Reuters) – The U.S. Treasury Department is expected to give guidance on Friday on tax breaks for consumers buying electric vehicles and Europe’s auto sector and policymakers will be closely watching to assess the consequences for European industry.
The Treasury is not expected to specify vehicle models but merely lay out the subsidy criteria.
Continue reading “Factbox: How U.S. electric vehicle subsidy rules impact Europe”
By Gleb Stolyarov and Roman Churikov
MOSCOW, March 24 (Reuters) – As the exodus of Western carmakers narrows options for Russian consumers, Chinese automakers are filling the gap, forcing Russians to overcome their reluctance to embrace Chinese brands and stomach higher prices.
Continue reading “Russians reluctantly embrace Chinese cars after Western brands depart”
PTI – Addressing an event organised by industry body CII, the road, transport and highway minister said there is a need to encourage public transport, and electric buses are the future.
Union minister Nitin Gadkari on Friday said that if India can use recently discovered reserve of lithium in Jammu and Kashmir, it can become world’s number one automobile manufacturer in electric vehicle segment. Addressing an event organised by industry body CII, the road, transport and highway minister said there is a need to encourage public transport, and electric buses are the future.
MEXICO CITY, March 21(Reuters) – With Tesla Inc’s plan to open a $5 billion Gigafactory in Mexico, the country should soon become a hub of electric vehicle (EV) production, but the zero emissions cars remain too expensive for most Mexicans and they are impractical to drive in much of the country, which lacks enough charging stations.
Mexico has made reviving fossil fuel output a priority under President Andres Manuel Lopez Obrador, frequently giving short shrift to investment in renewable power sources.
Continue reading “Mexico makes lots of electric cars, but few Mexicans drive them”
PTI – According to it, the total number of motor vehicles on Delhi roads in 2021-22 was 79.18 lakh, a 35.38 per cent decrease since the Delhi government banned diesel vehicles aged over 10 years and petrol vehicles which are more than 15 years old.
The total number of vehicles on the roads of the national capital has declined by more than 35 per cent since the city government banned plying of overage vehicles, according to the Economic Survey of Delhi 2022-23, report. Delhi Finance Minister Kailash Gahlot tabled the Delhi Economic Survey in the Assembly on Monday.
Continue reading “35% drop in total vehicles on Delhi roads since ban on overage automobiles”
By Siyi Liu and Melanie Burton
BEIJING/MELBOURNE, Feb 28 (Reuters) – Rare discounts offered by Chinese battery giant CATL (300750.SZ) to automakers have accelerated a plunge in lithium prices, and the market is set to drop a further 25% with supply growth outpacing demand, analysts and traders say.
PTI – Going forward, while price hikes and sequential input cost reductions can boost margins in the near term, geopolitical tensions, recessionary concerns, and forex volatility continue to pose risks, the agency said.
India Inc’s operating profit margin narrowed by a sharp 2.37 per cent in the December quarter to 16.3 per cent on an annual basis due to inflation and rising energy costs, a domestic ratings agency said on Monday. When viewed sequentially, the operating profit margin for the December quarter expanded by 1.80 per cent over the preceding September quarter, Icra Ratings said, attributing the same to the easing in input costs and also price hikes by many companies.
Continue reading “India Inc’s profit margin narrows in Dec quarter on high inflation: ICRA”
Hyundai Motor India today announced elevations in its Senior Management leadership. Tarun Garg, Director (Sales, Marketing & Service) has been elevated to the Chief Operating Officer (COO) of Hyundai, overseeing Sales, Marketing, Service & Product Strategy for the organisation.
Gopala Krishnan CS, Vice President (Production), has been elevated as Chief Manufacturing Officer (CMO) overseeing Production, Quality Management & Supply Chain. The elevations are effective from January 01, 2023.
Continue reading “Hyundai India elevates Tarun Garg as COO and Gopala Krishnan as CMO”
World Auto Forum organised the 8th IVASS- India Vehicle After Sales Summit 2022, to discuss Best Practices for Profitability and Growth on 17 December 2022, at Radisson Blu Plaza, Delhi Airport. The conference and exhibition was powered by Syncron, a Swedish Software solutions provider with a global presence.
New Delhi, 12th December 2022: Aligned with the Government’s thrust towards ethanol adoption in India, the Society of Indian Automobile Manufacturers (SIAM) organised a technology demonstration on “Ethanol Adoption – Flex Fuel Vehicles in India”, at India Habitat Centre, New Delhi. It was done to demonstrate the readiness of automobile manufacturers for ethanol adoption through multiple segments of FFVs slated to be launched, particularly in the 4 wheelers and 2 wheelers segment.
Hon’ble Minister Shri Nitin Jairam Gadkari, Union Minister of Road Transport & Highways, Government of India inaugurated the demonstration session where the vehicle features and technological developments were showcased to emphasize the use of FFVs and future possibilities. The demonstration was organized as a part of the year-round activities to promote the use of ethanol. The program witnessed participation from automotive industry experts, government officials, Oil Industry, and other stakeholder associations. Continue reading “SIAM Organises Technology Demonstration conceptualised as “Ethanol Adoption – Flex Fuel Vehicles in India””
by : Mark Prakash
It’s no surprise that the world is evolving rapidly as each day passes and to keep up with the latest technologies and trends, we must continuously update ourselves to reap the benefits of the substantial growth & development which we notice on a daily basis. The Telematics industry is no different… as in order to ensure better connectivity, higher speeds and several other benefits, they are continuously upgrading the hardware & software. As the Telematics scenario in India sets its aim towards competing on a level playing field with the rest of the world, The push to transform from 2G to 4G spectrum is in a full flow and we are excited to be a part of this! Continue reading “The future of 4G Telematics in India & the iTriangle Solution”
WAF is the destination of choice of Top Brands, Cos & Start ups to showcase their best.
Business happens at WAF. There are countless stories of people coming together to connect, share, grow and win!
A few moments from various summits through the years
WAF gives Booth Space now and has discontinued the Booth Octanorm Structures for greater creative freedom to the exhibitor and the new age look with openness!
by WAF Think Tank
WAF First is the community of Top Industry Leaders. Membership to WAF First is only on Invitation.
200+ CXOs have been inducted to WAF First in the last one year.
More joining soon…
Auto Makers :
Honda, Stellantis, Renault, MG Motor India, VW, Maruti Suzuki, Nissan, Fiat- Tata JV, Hero, TVS, Bajaj Auto, Mercedes-Benz, BMW, Hyundai, Kia, Ford, General Motors, Great Wall Motors, Ashok Leyland, Volvo Eicher, Tata Motors, JCB, AL Mansour Automotive Egypt
New Delhi, 19th October 2022: Aligned with the Government of India’s vision to promote the usage of biofuels for transportation, the Society of Indian Automobile Manufacturers (SIAM) conducted an International Conference on ‘Biofuels – A Pathway towards Sustainable Future’, at Hotel Taj Palace, New Delhi. The Conference was organized as a part of year-round activities to promote ethanol. The program witnessed participation from automotive industry experts, government officials, academia, and other stakeholder associations including the ambassador and experts from Brazil.
The Global New Car Assessment Programme (Global NCAP) is a major project of the Towards Zero Foundation, a UK registered charity. It promotes the universal adoption of the United Nation’s most important motor vehicle safety standards worldwide.
Source : PTI
Delhi government has reportedly received over 2,000 complaints flagging old or abandoned vehicles parked in the capital city in just two days. Complaints started flowing in as soon as the government issued WhatsApp number dedicated for the purpose, as reported by PTI. The service has been opened up to allow RWAs and market associations to report old cars parked around the city.
Citizens, RWAs and market associations immediately started sending pictures and reporting parked old cars around Delhi. However, the transport department does need to verify the details of these vehicles to ascertain their age and if they are unfit to run in the capital city. The details of the vehicles will be verified through the registration database of the transport department. As per authorities, there are approximately 25 lakh old and unfit vehicles in the capital city currently. If an old vehicle is reported and verified to be of unfit age, they will be impounded and handed over to authorised scrapping centres. The WhatsApp helpline can be reached on +91 8376050050
Rise in Pollution…Depletion of the ozone layer and valuable resources getting exhausted are just a few of the symptoms of an extensive issue that has not only plagued the Environment but also jeopardized the future Generations from being able to use various resources for development and prosperity. The Automobile industry, one of the core sectors effecting our daily lives has recently been on the forefront of this battle to Combat this issue in their own way by introducing and promoting the use of Electric Vehicles to replace Petrol based vehicles to strive towards utilizing fuel alternatives. As the culture of Automobile Giants like Tesla, Tata and Hyundai introducing better and progressively efficient Electric Vehicles in the Market continues in this day & age, it has risen the need for Telematics in the EV industry for these Vehicles to provide competitive features to the end user so that a smarter choice can be made to invest in Electric vehicles and venture towards a cleaner ecosystem. Continue reading “The iTriangle mission to Create & Sustain a Connected, Secure, Safe and Efficient Ecosystem for the Electric Vehicle Industry through Telematics and Mobility”
India is adopting Technology, everywhere possible…and we’re here to Help!
It is heartening news that the AIS140 mandate from MoRTH that requires all public /passenger Transport Vehicles to be installed with vehicle location tracking devices, is being implemented by most of the states in India. The effective implementation goes a long way in ensuring safety, security, and compliance. An effective implementation that achieves the objective of MoRTH (Ministry of road transport & Highways) requires that the VLT devices must be active, in working condition and should send data to the enforcement agencies. Continue reading “iTriangle’s AIS 140 certified devices are now integrated with the Gujarat Pollution board’s tracking & Monitoring portal as per the mandate”
“Business opportunities are like buses, there’s always another one coming.” – Richard Branson. Success never comes easy, the ladder to reach the top of any industry requires an organization to undergo immense amount of planning and executing their plans diligently and efficiently. Several mistakes are made in the process of getting things right, but the organizations which reach the top, conquer the world of business with the philosophy of making mistakes but never repeating the same mistakes and not giving up. In this volatile and ever-growing corporate world, it is easy for an organization to get lost in the clutter due to lack of market research and inability to upgrade their offerings according to the requirements and expectations of the market to always require the latest products and services at the most affordable prices. In line with the rapid technological developments and advancements, the Telematics industry in the last decade has been at the crux of meteoric rise and evolution in its impact to the Automobile sector. Continue reading “The iTriangle approach to bring in Advanced Telematics Solutions to Commercial Segment Vehicles”
Established in 1989, S.S. Rana & Co. celebrates its 33 glorious years of being a premier Intellectual Property and Corporate Law firm having its presence all over India. It is one of the very few IP law firms in India registered as an Advocate-on-Record (AOR) with the Hon’ble Supreme Court of India and is a single point of contact for representation in all Courts in India as well as SAARC regions.
The firm’s long-standing relationship with many Fortune 500 companies and several esteemed international and national corporations verbalizes the laurels of its diligent legal services. This dedicated team of 9 partners and virtually 170 proficient employees, has bagged sundry awards over more than three decenniums.
The firm is recommended by prestigious legal directories such as Chambers and Partners, Legal500, Indian Business Law Journal, Benchmark Litigation, and Asialaw Profiles in all areas of practice, including Arbitration-Litigation, Projects & Energy, Intellectual Property, and employment practices among others.
The 6th WAF-it 2022 Program, on Artificial Intelligence, Internet of Things, and Telematics, was organised recently at the hotel Pride Plaza, Aerocity, New Delhi, by the World Auto Forum in yet another effort of theirs for top bellwethers to converge and also to offer us the opportunity to connect with top automotive heads and experts of the Auto industry. This program was powered by iTriangle, India’s No.1 and fastest growing telematics and IoT company.
1K EV Chargers in 1k days at residential colonies and societies across India! Now that would take guts, grit, resources, focus and execution like clockwork!
Earlier this year, Morris Garages India resolved to make this happen and they have been at it, one EV Charger, One Residential colony at a time! It’s called the MG Charge Program
It is to break the status quo! That hitch, that reluctance to go electric! You may not have a gas station at your society but would have an EV Charger thanks to MG Charge Program ! Tempted to go electric ?
WAF recognised this unique MG Charge Program as an Industry Best Practice at the recently held #wafit2022 for other Car Cos to get inspired and follow.
Volkswagen India has shouldered a sizably voluminous distribution program for its incipient midsize sedan Virtus. In this program, VW has distributed over 2000 units of Virtus across India in a period of over a fortnight from its launch date in the Indian market. Virtus engendered a national record in the ‘ India Book of Records ’ by becoming the single most delivered sedan in India.
Continue reading “WAF recognises Mega Delivery Events of VW Virtus as Industry Best Practice”
German luxury carmaker Mercedes-Benz on Monday named Santosh Iyer as the Managing Director & CEO of the Indian operations with effect from January 1, 2023.
Mr Iyer, 46, is currently working as Vice President, Sales & Marketing and would be the first Indian to lead Mercedes-Benz India operations. Continue reading “Santosh Iyer Appointed As Managing Director, CEO Of Mercedes-Benz India”
