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Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

Green Car Congress

India’s sales of new vehicles totaled at least 4.25 New vehicles delivered in India totaled 4.13 million between January and November 2022, according to the Society of Indian Automobile Manufacturers (SIAM). Adding December’s sales volume reported Sunday by Maruti Suzuki, India’s largest carmaker, brings the total to roughly 4.25

India 218
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Rising disposable income giving a thrust to connected cars in India – ET Auto

Baua Electric

Car variants that are connected feature-rich contribute as much as 45% of sales of a particular model, according to industry estimates. Connected cars are becoming the mainstream choice for many new car buyers in India fuelled by rising disposable incomes and an influx of new models.

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SUV sales surge in India’s preowned car market – ET Auto

Baua Electric

The rise in SUV sales highlights the evolving trend in India’s car market, with consumers increasingly gravitating towards vehicles that offer both comfort and style, along with higher ground clearance and heavy vehicle build.

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Tesla to spend almost $2 billion on components from India this year

Teslarati

With Tesla and India still working out the finer details for its apparent partnership that would see a new Gigafactory come to the country, a new statement from a government official shows that the automaker will purchase billions of dollars worth of automotive components from the country. Tesla plans to source between $1.7

India 136
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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. Earlier, in Jan, the ministry had extended the tenure of the scheme for automobiles and components. We have a long way to go,” Qureshi said.

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Musk’s big win in China: Tesla clears data security, full self driving hurdles for locally-made cars – ET Auto

Baua Electric

This came close on the heels of Tesla introducing fresh incentives in the world’s largest auto market to attract consumers. Tesla’s cars made in China passed key data security and privacy requirement in China, handing Musk a major win who visited Beijing to seek approval to introduce driver-assistance software. Tesla Inc.’s

China 52
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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? Q: What will be the key technologies that will shape the next decade of the auto component industry?

India 52