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VinFast announces new EV facility in India

Teslarati

Vietnamese electric vehicle (EV) automaker VinFast announced it would build an integrated EV facility in Tamil Nadu, India. The new EV facility in India will be located in Thoothukudi. VinFast’s EV facility in India is expected to generate 3,000 to 3,500 local jobs.

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CEO’s Take On 2024: Tech-driven auto industry targets to be smarter, greener, says Prashanth Doreswamy – ET Auto

Baua Electric

Prashanth Doreswamy, President and CEO, Continental India Edited excerpts: Q. After two consecutive years of swift growth in the auto industry’s performance, what is your outlook for 2024? 2024 is likely to see the industry stabilize and return to normal. Localization will continue to be a focus.

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AIDA servicing evolving needs of the auto industry | Autocar Professional

Baua Electric

Since the founding of AIDA Greater Asia in 1989, the regional network now has seven sales and service support centres located in Singapore, Malaysia, Thailand, India, Vietnam, Philippines and a manufacturing base located in Johor, Malaysia. AIDA has been operating a comprehensive sales and service network in India since 2007.

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Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

And the automobile industry in India is a significant contributor to the country’s economy. The post Fast evolving auto industry needs befitting HR solutions | Autocar Professional appeared first on Bauaelectric Auto News. trillion, GDP per capita at USD 2,610 and a projected GDP growth rate of 6.3

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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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JSW Group wants to disrupt auto industry, to create ‘Maruti movement’ with new energy vehicles – Sajjan Jindal | Autocar Professional

Baua Electric

Like 40 years ago, 1984, when Maruti came into India, it changed the auto industry. ” The newly formed Joint Venture JSW MG Motor India has set itself a target of selling over 1 million new energy vehicles by 2030 and wants to grab a 33% share of the new energy vehicle or electrified vehicle space.

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India’s auto industry will hit Rs 25 lakh crore target before time: Vinod Aggarwal | Autocar Professional

Baua Electric

Auto industry veteran Vinod Aggarwal isn’t just highly optimistic about India’s auto market — he has utmost faith that the sector will achieve its Rs 25 lakh crore target with ease, that too well before the proposed deadline of 2027-28.