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

Baua Electric

Similar growth is expected in passenger vehicle sales volume, driven by strong demand in the SUV segment. With organisations putting innovation in the fast lane, significant transformations can be expected in the industry. Another area where collaboration is crucial is connected vehicles.

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Rural demand & SUVs propel India’s record-breaking car sales in FY24

Baua Electric

Read more Rapid surges in SUV sales have propelled the growth in rural market sales for all the carmakers in India, while demand for small cars has slumped significantly. lakh passenger vehicles in the CY23, now the Indian auto industry has sold 40 lakh PVs for the first time in a financial year in FY2024, reported Mint.

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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

Driven by improved availability of semiconductors and pent-up demand as well as the expanding economy, India’s passenger vehicle industry grew at around 8.5 The craze for sports utility vehicles (SUVs) offset the impact of weakness in demand for small cars. SUVs now account for over 50 percent of the passenger vehicle industry volume.

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Toyota invests $11.1M in Indiana schools to boost STEM programs

Teslarati

The investment supports future STEM careers in the area, including job opportunities in the auto industry. During the unveiling of the new Grand Highlander three-row SUV, the Japanese automaker also announced an $803 million investment in Indiana. It also includes Toyota USA Foundations’ $11.1

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Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. Zotye currently offers four models: the Z100 and Z360 sedans, and the T600 and T700 SUVs. —Peter Fleet.

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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

This is evident in the dominance of SUVs and higher cc bikes, reflecting evolving consumer preferences. However, this disparity is anticipated to narrow gradually, fueled by rising disposable income and ushering in a lucrative market for the auto industry. Q: What is your vision for 2030 for the auto component industry?

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New Ford Escape launching with two new EcoBoost engines with standard Auto Start-Stop

Green Car Congress

The new Escape is also the first Ford vehicle in the world with available SYNC Connect, allowing users to unlock doors, check fuel level and even locate where a vehicle is parked. SYNC Connect, available with SYNC 3 for the new Escape, comes with complimentary activation for five years. Along with the new EcoBoost offerings, the 2.5-liter

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