Remove Affordable Remove Auto Industry Remove Cost Of Remove Production
article thumbnail

Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Auto parts suppliers have been struggling with lower-than-expected demand for their EV components, as carmakers shift their focus toward producing affordable hybrid vehicles instead. The Aurora, Ontario-based company also recorded asset impairments and restructuring costs of USD 316 million related to troubled EV startup Fisker.

article thumbnail

‘Hatchbacks are here to stay; no guarantee that SUVs will remain popular in the future’: RC Bhargava | Autocar Professional

Baua Electric

The Chairman of Maruti Suzuki India Limited who is also a seasoned veteran in the auto industry spanning over four decades, firmly advocates that for India to progress into a developed nation, accessible mobility options are imperative. What can he afford? Hybrids could also work if brought in at a reasonable cost.

Future 52
article thumbnail

EV Price Wars and the Path to an Electric Vehicle Future

EV Match

But what about those who want to electrify their ride and can’t quite afford to? In this post we will discuss what one automaker is calling an impending “EV price war” in pursuit of more affordable offerings, and what else we believe is needed to make EV driving truly accessible to all. EV Price War. But all of that is changing.

article thumbnail

India’s FY24 PV sales grow 8.5% to a record 4.23 million cars; SUVs now account for more than half of volumes  | Autocar Professional

Baua Electric

The correlation between auto industry numbers and economic per capita income growth is huge,” he told reporters today. The semiconductor supply constraint gradually eased for the automotive industry over the last year and is now completely out of the woods. The post India’s FY24 PV sales grow 8.5% to a record 4.23

SUV 40
article thumbnail

Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

The Indian government has introduced various incentives and initiatives, such as subsidies and tax benefits, to promote the adoption of electric autos. Additionally, major automakers are investing heavily in R&D to develop affordable and high-performing electric vehicle models specifically designed for the Indian market.

India 98
article thumbnail

Hatchbacks not giving up territorial rights so easily | Autocar Professional

Baua Electric

Our strategy is to have an adequate product portfolio in every segment, and we will increase our total model portfolio towards 2030. One cannot link disposable incomes and affordability to the fall in the hatchback segment’s contribution, he said. “It That begs an important question: what does the future hold for hatchbacks?

Suzuki 52
article thumbnail

In December EVs took more than half of the German car market

Push EVs

The Model Y, with Gigafactory Grünheide production now ramping quickly, has every chance to separate itself from the pack in 2023. There’s much more progress to be made, of course, especially at the affordable end of the market, where almost no models currently exist in Germany (or elsewhere in Europe). 4 starts) might do the trick.

Market 59