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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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5 more semiconductor fabs in 5 years, says Vaishnaw – ET Auto

Baua Electric

We will create a very strong semiconductor industry in our country. Updated On Mar 15, 2024 at 04:35 PM IST --> Published On Mar 15, 2024 at 04:31 PM IST 1 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.

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China’s CALB wants lithium battery factory in Portugal – ET Auto

Baua Electric

It will “serve the strong customer demand, mainly in the automobile industry,” APA said on its website. Updated On Jan 23, 2024 at 11:07 AM IST --> Published On Jan 23, 2024 at 11:03 AM IST 1 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.

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EV push in Budget to give fillip to warehousing & logistics sectors – ET Auto

Baua Electric

The surge in EVs won’t just reshape the Indian automobile industry; it’s expected to create a domino effect, propelling demand for new storage, distribution, and logistics facilities.

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CEO’s Take On 2024: Demand for feature-rich, safe, connected and electric vehicles to drive auto parts industry, says Bosch India chief – ET Auto

Baua Electric

Guruprasad Mudlapur, President- India, Bosch Group, and Managing Director, Bosch Limited Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry’s performance, what is your outlook for 2024? The automotive industry is in transition.

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Polestar 3 officially unveiled in China, price cut by about $29,080 from previous

CN EV Post

The Polestar 3 will be on display at the Shanghai auto show next month, and the model will go into production at Polestar's plant in Chengdu, Sichuan province, in the middle of this year, Polestar said today. For more articles, please visit CnEVPost.

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EU reaches compromise on 2035 new ICE vehicle ban

Teslarati

Many auto manufacturers have already backed the 2035 new ICE vehicle ban, including VW, Mercedes, Ford, and Volvo. What do you think of the article? However, some have raised more concerns than others. Still, these changes mark a significant step towards achieving compromise, and ultimately, carbon neutrality.