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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

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However, generally speaking, the government continued, China has not achieved a breakthrough with new energy automobiles and core components of the key technologies. 2012 Chinese Auto Industry Development Report. Energy-saving and new energy vehicles have become the development direction of the international automobile industry.

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The Auto Industry Must Aim 100% Electrification In 2 & 3-wheeler Segments Says Amitabh Kant

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According to the Society of Indian Automobile Manufacturers, domestic two-wheeler sales in 2021-22 were 1,34,66,412 units, three-wheeler sales were 2,60,995 units, and overall vehicle sales across categories were 1,75,13,596 units (SIAM). He did agree, however, that the EV sector still confronts hurdles in terms of financing these vehicles.

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India could be the largest electric vehicle market by 2030, says Piyush Goyal | Autocar Professional

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India is currently the third-largest automobile market in the world. In the interim budget for 2024-2025 (FY25) that was presented yesterday, Finance Minister Nirmala Sitharaman said: “Our Government will expand and strengthen the e-vehicle ecosystem by supporting manufacturing and charging infrastructure.

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Didi Chuxing sets up JV with China EV maker BAIC-BJEV; next-gen connected car systems; Transportation Brain

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Jingju is a key component of a DiDi-BAIC strategic partnership formed in a growing alliance between DiDi and auto-industry players. DiDi started partnership programs with automakers and fleet operators in 2016, and launched the DiDi Auto Alliance, an industry-chain partnership network in April 2018.

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FCA proposes 50:50 merger with Groupe Renault

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Fiat Chrysler Automobiles N.V. Groupe Renault also has a well-established and profitable financing business (RCI Banque). delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. The combined business would sell approximately 8.7 million vehicles annually.

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GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

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The company designs, engineers, manufactures and sells electric power steering, hydraulic power steering, steering columns and driveline halfshafts for more than 60 automobile manufacturers and tier one suppliers. The sale better enables Nexteer to take advantage of anticipated growth in the global auto industry with a variety of automakers.

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Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

The Society of Indian Automobile Manufacturers (SIAM) is an apex national body representing all major vehicle & vehicular engine manufacturers in India. It has announced the sales of the automobile industry for May 2021. The auto industry is witnessing a de-growth when compared to the sales of vehicles from 2021 to 2019. .