WAF Auto News | The Auto World This Week (5th April 2024)

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INDIA

IndoEdge Gets CCI Nod For 8% Stake Buyout In MG Motor India INC42

100-day agenda for new Govt: GTRI for easy e-comm rules, national trade network to boost exports WAF

Tesla to scout sites in India for $2 bln-$3 bln EV plant, FT reports WAF

1983 to 2024: Maruti Suzuki touches 3 crore production milestone in 40 years HTAuto

BMW Group and Tata Technologies aim to collaborate for the development of Automotive Software and Business IT solutions WAF

Gensol Engineering revenue rises 141% to INR 960 crore in FY24 WAF

NCLAT dismisses Sundaram Brake’s plea against CCI cease and desist order on railways tendering WAF

New toll rates on highways to be effective after Lok Sabha elections WAF

Govt pushing ACC battery storage scheme, budget hiked 6x in last few years: Official WAF

MoRTH raises INR 40,314 cr through asset monetisation in FY24 WAF

Indians bought more cars in FY2023–24 than ever before. Half of them were SUVs HTAuto

Tata Motors total domestic sales rises 2% to 90,822 units in March WAF

‘One Vehicle, One FASTag’ norm comes into force WAF

Toyota records highest-ever monthly sales at 27,180 units in March WAF

New INR 500 crore scheme to promote electric mobility kicks in from April 1 WAF

Just 5% may purchase electric cars this year, most want EVs under INR 10 lakh: Survey WAF

India can achieve 10% growth rate in next decade: RBI deputy guv WAF

CarDekho Group eyeing 40% consolidated growth in FY25: Founder Amit Jain WAF

ZF Rane Automotive India acquires TRW Sun Steering Wheels WAF

Schaeffler India re-appoints Harsha Kadam as MD, CEO WAF

Luxury car sales could breach 50,000 units mark for first time ever in 2024: Audi India head WAF


NITIN GADKARI

No petrol, diesel vehicles in India: Gadkari vows to eliminate fuel cars WAF


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EUROPE

Volvo Cars posts record March sales, lifted by small electric SUV WAF

EVs could overtake petrol cars in Norway by end-2024 WAF


USA

US employment boom leaves factory workers behind WAF

Ford’s pickups, hybrids drive 6.8% rise in first-quarter US sales WAF

Mercedes workers in Alabama to file for union vote this week, UAW leader says WAF

Breakingviews: Tesla exacerbates valuation range anxiety WAF

Rivian deliveries beat expectations; Tesla dampens industry hopes WAF

Would-be Tesla buyers snub company as Musk’s reputation dips WAF

US finalizes new tailpipe emissions limits for heavy duty vehicles WAF

US probes Stellantis 2022 RAM truck models over K1 snap ring transmission failures WAF


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ASIA

China’s Chery to set up $800 mln automobile factory in Vietnam WAF

China eases car loan policy for first time since 2018 to boost demand WAF

Chinese smartphone maker Xiaomi starts delivering the first of more than 100,000 EVs ordered WAF

Hyundai Motor ends Indonesia aluminium deal after climate campaign by K-pop fans WAF

Xiaomi’s EV launch propels market value by $4 billion, near GM and Ford WAF

BYD hands back top EV seller title to Tesla after Q1 sales decline WAF

Exclusive: China’s SAIC aims to slash jobs at GM, VW ventures and EV unit, sources say WAF

Exclusive: China commerce minister to head to Europe to make EV case WAF

Hyundai Motor doubles down on EVs as it ramps up investment in Korea WAF


AUSTRALIA

China’s Zeekr renews plans to raise up to $500 million in U.S. IPO, sources say WAF


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