article thumbnail

Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

Baua Electric

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Exports of auto parts from the country, in fact, increased by nearly one-third to INR 1.42

article thumbnail

ACMA Automechanika 2024 concludes on a high note; global aftermarket presents USD 35 bn exports opportunity: ACMA-EY Study – ET Auto

Baua Electric

The Global Automotive Aftermarket Research, prepared by ACMA in collaboration with Ernst & Young was released during the event. It was a conglomeration of the entire mobility ecosystem under one roof, displaying the tech capabilities and innovations of Indian automotive industry.

Global 98
article thumbnail

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

While India has a position as one of the world’s fastest-growing economies, its motor vehicle penetration per capita remains significantly lower compared to the global average. However, this disparity is anticipated to narrow gradually, fueled by rising disposable income and ushering in a lucrative market for the auto industry.

India 52
article thumbnail

China to invest more than USD 830 mn in solid-state battery research – ET Auto

Baua Electric

China is seeking to cement its lead in the global EV market after early and heavy investment in domestic supply chains helped it become the most cost-competitive battery and EV producer in the world. Many auto industry officials and analysts expect solid-state batteries will determine the competitiveness of the next-generation EVs.

China 52
article thumbnail

AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 —Mark Wakefield, a director in AlixPartners’ Global Automotive Practice. million units in 2011 and only 13.6 million in 2012.

article thumbnail

New Ipsos study on autonomous driving finds most Americans simply enjoy the act of driving their vehicle

Green Car Congress

Ipsos, the global research and insights organization, explored consumer thoughts in its third annual Global Mobility Navigator Syndicated Study. Todd Markusic, Vice President, Ipsos Mobility, said the Global Mobility Navigator Syndicated Study uncovered interesting insights on how drivers truly feel about self-driving cars.

Vehicles 191
article thumbnail

Ask automotive rejigs its senior management, appoints Vashisth Kumar Tripathi as VP- Engineering – ET Auto

Baua Electric

His previous works are associated with Rico Auto Industries Limited as general manager, Mahavir Die Casters Private Limited as general manager, Global Autotech Limited as senior general manager – R&D.

Auto 40