Remove Auto Remove Auto Industry Remove Economy Remove Global
article thumbnail

ETAutoTS: Software, sustainability, cybersecurity to define the future of auto industry – ET Auto

Baua Electric

Gone are the days when the auto industry used to be hardware oriented.” Talking about the staggering demand of electric vehicles ( EVs ) globally, Henrik Fisker, Founder and CEO, Fisker Inc in his Keynote Address reassured that as the vehicles are going electric, there is not going to be a going back from here on.

article thumbnail

Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

It’s no secret that the Indian economy witnessed a great year, closing 2023 with a GDP of USD 3.73 percent against the global average of 2.9 And the automobile industry in India is a significant contributor to the country’s economy. trillion, GDP per capita at USD 2,610 and a projected GDP growth rate of 6.3

article thumbnail

Will the Japanese Auto Industry Completely Collapse?

My Electric Car

The Japanese auto industry is facing a potential demise due to its slow adoption of electric cars. However, the Japanese auto industry has been slow to adopt this technology, and has not been able to keep up with the competition from other countries.

article thumbnail

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

Baua Electric

So, while the Covid-19 lockdowns severely affected the entire automotive industry’s value chain, it also began to embrace a fresh perspective amidst the global crisis. In FY23, the Indian automotive sector experienced a revival in the economy, accompanied by new challenges and opportunities. percent to clock a turnover Rs 5.60

article thumbnail

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

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.

India 52
article thumbnail

Ceres: national fuel economy and emissions standards can increase viability of domestic automakers and suppliers

Green Car Congress

New analysis commissioned by Ceres, a sustainability nonprofit organization working with investors and companies, suggests that national fuel economy and emissions standards can help increase the viability and international competitiveness of domestic automakers and suppliers. Even so, current auto sales and profits remain strong.

article thumbnail

ArcelorMittal adds Fortiform 980 Extragal steel grade for further auto weight savings

Green Car Congress

ArcelorMittal is adding to its family of advanced high strength steels (AHSS) for the auto industry with the development of Fortiform 980 Extragal (-GI) in North America. This is a crucial advantage as carmakers come under pressure to further lighten vehicles as a part of their strategy to improve fuel economy.

Auto 186