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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. Work is on to increase net localisation by another 16-20%, or about INR 24,995 crore, over the following five years ending FY27, they said.

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12th Five-Year Plan for Chinas auto industry to make new-energy vehicles priority

Green Car Congress

The 12 th Five-year Plan for China’s auto industry reportedly will make developing new-energy vehicles the top priority. China is targeting annual new-energy automobile sales of 1 million units by 2015, according to the China Association for Automobile Manufacturers. People’s Daily.

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China to Encourage Consolidation in Auto Industry; Push to Increase Market Share of Domestic Automakers

Green Car Congress

China’s central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. China Daily. of the total.

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1.65 lakhs electric vehicles supported under the FAME II scheme 

Electric Vehicles India

across 9 Expressways and 16 Highways under FAME India (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India) Scheme Phase II. Ministry has also sanctioned 2,877 Electric Vehicles (EVs) Charging Stations amounting to Rs 500 Crore (Approx.) in 68 cities across 25 States/UTs and 1576 charging stations amounting to Rs.

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China makes new energy vehicles the priority

Green Cars News

The 12th Five Year Plan for China’s auto industry is set to make new energy vehicles a top priority with China reportedly targeting annual sales of one million units by 2015 according [.]. New energy vehicles are the order of the day in China – in fact they are the order of the next five years.

China 44
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Electric vehicles sales, transportation & policy initiatives 

Electric Vehicles India

The government adopted the Faster Adoption and Manufacturing of Hybrid and EV (FAME) scheme in 2015 with an outlay of INR 8.95 The Society of Indian Automobile Manufacturers (SIAM) is an apex national body representing all major vehicle & vehicular engine manufacturers in India. billion (USD 130 million).