New Delhi, December 10 2024: Maruti Suzuki India Limited (MSIL), today, announced signing of a MoU (Memorandum of Understanding) with Saraswat Co-operative Bank Ltd (Saraswat Bank). Under this collaboration, the Saraswat Bank will provide customised auto retail financing solutions for customers. With this tie-up, MSIL aims to help dealer partners offer comprehensive retail financing solutions … [Read more...]

Source : PTI | Over 100 global firms from countries like the US, Japan, China and India will showcase cutting-edge innovations at the Bharat Battery Show in January 2025. The second edition of the Bharat Battery Show (as part of the Bharat Mobility Global Expo 2025) is shaping up very well with the global participation of companies from various countries, a statement said. According to the … [Read more...]

Source : PTI | Electric vehicle maker Kinetic Green Energy and Power Solutions on Monday said it has forged a technical collaboration with Jio Platforms Limited’s subsidiary JioThings to launch a suite of digital display platforms and analytics. As part of this collaboration, Kinetic Green is unveiling an innovative Smart TFT-based digital and connected display platform to revolutionise the riding … [Read more...]

Source : PTI | Researchers at the Indian Institute of Technology (IIT) Guwahati have developed an advanced biological method to convert methane and carbon dioxide into cleaner biofuels using methanotrophic bacteria, officials said on Monday. This innovative approach represents a significant leap toward sustainable energy solutions and climate change mitigation, they said. The research, published … [Read more...]

(Reuters) – Tesla aims to start its robotaxi service with a company-owned fleet backed up by human teleoperators for safety, Deutsche Bank said in a note after a meeting with the company’s head of investor relations. The electric vehicle maker still is shooting for a launch of its cheaper vehicle in the first half of next year and other models later in the year, the bank said after the meeting … [Read more...]

MILAN, (Reuters) – Stellantis on Friday said it planned to rejoin European auto lobby ACEA, which it had left at the beginning of 2023, in a move that might flag a more cautious stance for the automaker on its electrification plans. “Stellantis, Europe’s second largest carmaker, confirms that it intends to apply for membership of ACEA,” the group said in a statement. The European Automobile … [Read more...]

FRANKFURT, (Reuters) – Factory shutdowns would be a wrong move by Volkswagen German Chancellor Olaf Scholz said, adding that Europe’s largest carmaker had a responsibility to its employees. Volkswagen is in a bitter dispute with staff over pay cuts and possible plant closures aimed at countering high costs in Germany and massively cheaper Asian rivals entering Europe. Both sides go into a fourth … [Read more...]

HANOI, (Reuters) – Vietnamese electric vehicle (EV) manufacturer VinFast on Sunday announced a plan to build its second domestic production plant that will double its output capacity, saying it is needed to meet increased demand for its small and mid-sized models. VinFast said the new facility is expected to produce 300,000 units annually in its initial phase, the same capacity as its existing … [Read more...]

Summary BYD poised to sell more than 4 million vehicles in 2024 BYD aims to sell 5 mln-6 mln cars in 2025, Citi says BYD expanded capacity, launched massive hire spree SHANGHAI/BEIJING, (Reuters) – China’s top electric vehicle maker BYD gained market share as the world’s largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and … [Read more...]

Source : PTI | Gujarat-based automotive component maker Setco on Friday said it has commenced exporting flywheels and covers manufactured by its subsidiary Lava Cast to the US market, and it plans to scale up exports of these parts going forward. The shipment includes flywheels tailored for leading auto and auto ancillary players in the USA as well as covers designed for aftermarket distributors … [Read more...]

Source : PTI | New Delhi: Auto components maker Samvardhana Motherson International on Friday said it will acquire 95% stake in Japan-based Atsumitec for USD 57 million (around INR 482 crore). The company’s board has approved the acquisition via its subsidiary Samvardhana Motherson Automotive Systems Group BV, the company said in a statement. Honda Motor shall continue to own remaining 5% voting … [Read more...]

Source : PTI | Electric commercial vehicle manufacturer PMI Electro Mobility said on Thursday it will supply 250 single-decker air-conditioned e-buses to the Brihanmumbai Electric Supply & Transport Undertaking (BEST) as part of an agreement. The deliveries of these 12-meter e-buses are to be completed in different lots by the second quarter of FY26, PMI Electro Mobility said in a … [Read more...]

Source : PTI | Mumbai, More than two crore vehicles registered in Maharashtra before April 2019 will have to be fitted with High Security Registration Plates (HSRP) in the next four months to avoid imposition of penalty on their owners. The Maharashtra Transport Commissioner’s Office has set March 31, 2025 deadline for installation of the HSRPs to the vehicles and appointed three agencies, after a … [Read more...]

Summary VW workers to strike on Monday over cost-cutting Strikes will be twice as long as previous round Coincide with new round of talks with management Europe’s car sector in turmoil (Reuters) – Volkswagen workers will go on extended strikes on Monday, stepping up a bitter dispute with management over layoffs and what would be the first factory closures on German soil for Europe’s largest … [Read more...]

NEW YORK, (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced two major milestones: its proprietary, computer vision-powered Advanced Driver Assistance System (ADAS) platform, DrivebuddyAI, has become the first-ever system to receive Automotive Research Association of India (ARAI) … [Read more...]

New Delhi, 5th December 2024: The Society of Indian Automobile Manufacturers (SIAM) organised the SIAM Automotive Sourcing Conclave 2024, themed “Towards Building a Resilient Supply Chain”. The conclave emphasised the importance of fostering resilient supply chains to support the automotive industry’s evolution, ensuring sustained growth and alignment with the nation’s self-reliance goals. The … [Read more...]

New Delhi, 5th December 2024: The Society of Indian Automobile Manufacturers (SIAM) organised the SIAM Automotive Sourcing Conclave 2024, themed “Towards Building a Resilient Supply Chain”. The conclave emphasised the importance of fostering resilient supply chains to support the automotive industry’s evolution, ensuring sustained growth and alignment with the nation’s self-reliance goals. The … [Read more...]

Summary China hybrid exports to Europe to grow 20% this yr, analyst says Chinese automakers challenge European and Japanese dominance Cheaper and more fuel-efficient models to enter the market SHANGHAI, (Reuters) – Automakers in China are ramping up exports of hybrid vehicles to Europe and planning more models for the key market, exposing the limits of the European Union’s electric vehicle … [Read more...]

Summary Charges linked to venture restructuring and its reduced value China division faces losses amid rivalry from domestic carmakers GM expects to absorb the financial impact in Q4 earnings DETROIT, (Reuters) – General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of … [Read more...]

Summary Uchida faces pressure to deliver Nissan’s turnaround Nissan’s missteps include lack of hybrids in U.S. market Activist investors build stakes amid Nissan’s struggles Nissan acknowledges industry troubles, says CEO working to make company leaner, more resilient TOKYO, (Reuters) – In early October, Nissan Motor managers dialed in for a regular online meeting with boss Makoto Uchida only to … [Read more...]