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Auto industry to invest USD 7 bn in 5 years to deepen parts localisation – ET Auto

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“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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ACMA Automechanika 2024 concludes on a high note; global aftermarket presents USD 35 bn exports opportunity: ACMA-EY Study – ET Auto

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The Global Automotive Aftermarket Research, prepared by ACMA in collaboration with Ernst & Young was released during the event. It was a conglomeration of the entire mobility ecosystem under one roof, displaying the tech capabilities and innovations of Indian automotive industry.

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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. Preventing that erosion will be key.

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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

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Minda, CMD, Uno Minda Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry ‘s performance, what is your outlook for 2024? The past two years have seen a remarkable transformation in the Indian auto and auto component industry.

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New Ipsos study on autonomous driving finds most Americans simply enjoy the act of driving their vehicle

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Ipsos, the global research and insights organization, explored consumer thoughts in its third annual Global Mobility Navigator Syndicated Study. Todd Markusic, Vice President, Ipsos Mobility, said the Global Mobility Navigator Syndicated Study uncovered interesting insights on how drivers truly feel about self-driving cars.

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Varroc appoints Dixit Roy Mahidhara as CEO of subsidiary, CarIQ Tech – ET Auto

Baua Electric

Dixit Roy Mahidhara Varroc , a leading global tier-1 automotive supplier, has appointed Dixit Roy Mahidhara as Chief Executive Officer of its subsidiary – CarIQ Technologies Private Ltd. There’s vast potential for platform players like us (CarIQ) to address significant challenges in the auto-tech sector.

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

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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.

Auto 40