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Auto sector sourced 50% parts locally, says minister – ET Auto

Baua Electric

However, in FY23 only 1% of the passenger cars sold was electric at 48,000 units, Qureshi said. The Indian automobile sector was able to source almost 50% of required auto parts from domestic markets under the INR 26,000 crore Production-Linked Incentive (PLI) scheme, said Union minister for heavy industries Mahendra Nath Pandey on Tuesday.

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EC rolls out CARS 2020 action plan for European auto industry

Green Car Congress

Antonio Tajani, Vice President of the European Commission in charge of Industry and Entrepreneurship, introduced the EC’s CARS 2020 Action Plan aimed at reinforcing the European automotive industry’s competitiveness and sustainability heading towards 2020. —“CARS 2020”. The car sector will also face a similar trend.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. 2012 Chinese Auto Industry Development Report. L/100km (52.3

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UK auto industry warns anti-diesel agenda and slow uptake of EVs could mean missing 2021 CO2 targets; rising CO2 average in 2017

Green Car Congress

The warning came as a new report published by the Society of Motor Manufacturers and Traders (SMMT) confirmed that the fleet average CO 2 of newly registered cars rose for the first time in 2017, despite vehicles becoming ever more efficient. million strong new car market still powered, wholly or in part, by gasoline or diesel.

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CEO’s Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda – ET Auto

Baua Electric

Minda, CMD, Uno Minda Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry ‘s performance, what is your outlook for 2024? The past two years have seen a remarkable transformation in the Indian auto and auto component industry.

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. Additionally, the auto industry provides 16% of total worldwide R&D funding for all industries.

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Alternative fuels to ‘power car industry growth’

Green Cars News

While the global economic climate may still be fairly dire, a new report suggests that for the UK auto industry growth will be driven by new technology and investment into alternative fuel powertrains over the coming few years.