Carmakers raise FY24 sales growth projection to 8.2%
New Delhi: The country’s car industry has for the second time revised upwards its growth projections for this fiscal to more than 8%, nearly twice the rate projected at the …
auto industry
A mini industry spawns under the hood of a booming car market
Fuelled by rising disposable incomes, an influx of new sport-utility vehicles, and attractive loan rates, India’s car market is racing ahead. India’s passenger vehicle sales surged past 4 million units …
China Plus One: Auto industry to invest $7 bn in 5 years to deepen parts localisation
Indian auto industry is set to invest up to $7 billion, or about Rs 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions …
‘Boycott Tesla’ Super Bowl ads target self-driving technology
A pair of Super Bowl ads went after Tesla’s self-driving technology on Sunday, asking viewers to boycott the company and claiming that its vehicles are unsafe. The Dawn Project’s ads …
Govt forms panel to examine demands for inclusion of more components in Auto PLI: Minister
The government has constituted a committee to examine the auto industry’s demand for including more components in the production-linked incentive scheme for automobile and auto components, Union Minister Mahendra Nath …
Car sales in India drive past 4-million mark in 2023
India’s passenger vehicle sales surged past 4 million units for the first-time ever in calendar year 2023 buoyed by rising disposable incomes, an influx of new sport-utility vehicles, and attractive …
Gov. Gretchen Whitmer’s Clean Energy Bills Pass In Michigan
Michigan lawmakers approved a slate of bills Wednesday night that are set to transform the energy systems at the heart of America’s heavy industry, putting the major manufacturing state on …
Ford Chairman Rebukes Auto Union For Striking At Truck Plant
The executive chairman of Ford Motor Company broke his silence on the monthlong auto workers strike on Monday and said the work stoppage could “devastate local communities” if it continues. …
Vehicle scrapping facilities: How they could emerge as a critical component of India’s automotive industry
You can call it a car cemetery. On sprawling three acres of prime land in Uttar Pradesh’s Noida, over a hundred dilapidated vehicles are being arranged in stacks before each …
Automakers furlough hundreds more workers as strike rolls on
U.S.-based automakers have furloughed hundreds more workers as the United Auto Workers (UAW) union’s strike against the “Big Three” automakers continues to roll on. Reuters reported on Monday that both …