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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. These components account for more than 75% of auto parts imported into the country. To be sure, China dominates auto parts supplies to India.

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

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. Magna said it expects full-year 2024 sales of USD 42.6

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Lumax Cornaglia Auto Tech opens new plant for emission products in Pune – ET Auto

Baua Electric

With a workforce of over 200 employees, including 30 highly skilled and experienced engineers, this facility will serve the emission products requirements of the Indian Auto industry. in-house R&D laboratory and is a one-stop solution for complete vehicle-level emission products requirement of any auto OEM, in India and beyond.

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BYD offers discounts for Song and Seal as China's auto price war intensifies

CN EV Post

Image from BYD's Weibo) As the price war intensifies in China's auto industry, BYD has also started offering discounts for its two models, even though the official prices remain unchanged. For more articles, please visit CnEVPost.

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Electric truck startup Atlis Motor Vehicles demonstrates megawatt charging

Teslarati

Atlis Motor Vehicles, an electric truck startup, has posted a video online demonstrating its megawatt charging technology on its new EV charger. Now, some of the most rapid charging technology available, charging at just over 1 megawatt, has been demonstrated by Atlis Motor Vehicles. What do you think of the article?

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Musashi appoints Naoya Nishimura as CEO for India, Africa region – ET Auto

Baua Electric

Naoya Nishimura as CEO for India, Africa region New Delhi: Musashi Auto Parts India Pvt Ltd (Musashi), a 100% owned subsidiary of Musashi Seimitsu Industries, Japan, and a manufacturer of two-wheeler and four-wheeler transmission components in India, has appointed Naoya Nishimura as its Chief Executive Officer (CEO).

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GM’s Tesla NACS support spells trouble for Electrify America [Opinion]

Teslarati

General Motors’ (GM) support for Tesla’s North American Charging Standard (NACS) might be trouble for Electrify America. The theory is gaining some legs now that General Motors has decided to support the NACS. General Motors and Ford hold a significant market share of the United States auto industry.

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