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Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

And the automobile industry in India is a significant contributor to the country’s economy. The post Fast evolving auto industry needs befitting HR solutions | Autocar Professional appeared first on Bauaelectric Auto News. trillion, GDP per capita at USD 2,610 and a projected GDP growth rate of 6.3

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JSW Group wants to disrupt auto industry, to create ‘Maruti movement’ with new energy vehicles – Sajjan Jindal | Autocar Professional

Baua Electric

Like 40 years ago, 1984, when Maruti came into India, it changed the auto industry. It brought in very efficient cars, very lightweight cars, and the Ambassadors and the Fiats went into oblivion and Maruti brought in state-of-the-art new cars and today they are the 50% market leader.

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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

Likewise, the auto components industry also touched a new high. According to data shared by Automotive Component Manufacturers Association (ACMA), in FY23, the industry grew 32.8 However, passenger vehicle exports bucked the trend and registered growth, largely due to higher demand for sports utility vehicles.

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

Baua Electric

EV sales in India were growing by a compounded annual growth rate of 49%. However, in FY23 only 1% of the passenger cars sold was electric at 48,000 units, Qureshi said. India has emerged as the automotive powerhouse and the world is looking at us. EV sales in India were growing by a compounded annual growth rate of 49%.

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New milestone in 2023: What drove India to record over 41 lakh car sales

Baua Electric

By: Mainak Das | Updated on: 03 Jan 2024, 13:42 PM India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. Sales of new passenger vehicles in India recorded 41 lakh units milestone, marking around 8.2

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Tesla’s apparent red carpet treatment in India an effective tool against rivals

Teslarati

While Tesla has seen notable challenges breaking into India in the past, the electric vehicle maker appears to be receiving a red carpet welcome of sorts this time around. BYD’s sales of pure electric cars lag against Tesla’s, but in terms of raw NEV volumes, the Chinese automaker is far ahead of the American EV company.

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