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

Baua Electric

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. India has emerged as the automotive powerhouse and the world is looking at us.

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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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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.

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Tesla Supercharger network leads U.S. toward 2030 charging goal

Teslarati

You can read NREL’s full report here , dubbed the “Electric Vehicle Charging Infrastructure Trends from the Alternative Fueling Station Location: Third Quarter 2023.” The report also notes that 2,696 fast-charging ports were added in the U.S. in Q3 last year, representing an 8.3

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Global auto industry receives $44 billion for greener cars

Green Cars News

The global automotive industry is receiving close to US$44 billion from governments around the world to develop alternative fuel technologies, analysts at Deloitte reveal. The market for alternative fuel vehicles is being strongly supported economic stimulus packages and other government programs in at least 13 markets.

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Is green to blame for problems in auto industry?

Green Cars News

Most green car enthusiasts would claim that it was General Motors’ and Chrysler’s lack of foresight in embracing green cars and alternative fuel technologies that led to their downfall. He points out that California tried fuel cell buses in 2005 and they cost $3million each compared to $328,000 each for diesel buses.

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‘Hatchbacks are here to stay; no guarantee that SUVs will remain popular in the future’: RC Bhargava | Autocar Professional

Baua Electric

The Chairman of Maruti Suzuki India Limited who is also a seasoned veteran in the auto industry spanning over four decades, firmly advocates that for India to progress into a developed nation, accessible mobility options are imperative. Those are absolutely renewable, absolutely clean, and carbon-negative fuels.

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