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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. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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Ask automotive rejigs its senior management, appoints Vashisth Kumar Tripathi as VP- Engineering – ET Auto

Baua Electric

Vashisth Kumar Tripathi has been transferred to Vice President- Engineering, and has been associated with the company since August 1, 2022. His previous works are associated with Rico Auto Industries Limited as general manager, Mahavir Die Casters Private Limited as general manager, Global Autotech Limited as senior general manager – R&D.

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Bajaj Auto expands engineering skills training to Tier 2, 3 cities | Autocar Professional

Baua Electric

Two and three-wheeler major Bajaj Auto is looking to take its engineering skills training programme to Tier 2 and 3 cities, in order to fill the critical skill gaps faced by the automotive industry. “Launching the Bajaj Engineering Skills Training (BEST) last year has been a valuable learning experience for us.

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AlixPartners study finds post-crisis auto industry facing new set of challenges; sales projected below historical levels for foreseeable future

Green Car Congress

Specifically, the firm estimates US auto sales will reach just 12.7 AlixPartners also estimates that on-going unemployment and underemployment could cost the auto industry up to 1.5 million units in 2011 and only 13.6 million in 2012. million units in lost vehicle sales this year.

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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. Magna, which produces powertrains, along with assembling complete vehicles, signed agreements with Fisker in 2020 to engineer and manufacture its Ocean SUV.

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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. Italy, has expanded its operations by opening a new manufacturing facility at Chakan in Pune.

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Tesla exec explains where ‘real competition’ is coming from, and why the battle is far from over

Teslarati

Tesla Head of Investor Relations Martin Viecha recently shared some important insights about the real “competition” that the company is facing. Instead, the company is looking to take market share from the general auto segment, which remains dominated by the internal combustion engine until today. .

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