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

Baua Electric

Rajendra Petkar, President & CTO, Tata Motors Bengaluru: The future of the automotive industry will be defined by technology and software along with sustainability , industry’s top voices said at the Day 1 of the 5th edition of ETAuto Tech Summit concluded on Thursday. This is unlike other sectors.

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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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ETAutoTech Summit 2024 kick-starts today, themed ‘Engineering Sustainable Transition’ – ET Auto

Baua Electric

There will be eminent speakers like Rajendra Petkar, President & CTO, Tata Motors, Henrik Fisker, Chairman and CEO, Fisker Inc., The ETAutoTech Summit 2024 will provide attendees with a wealth of knowledge and insights, propelling the automobile sector forward with cutting-edge technologies for safer, more effective, and greener mobility.

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China to invest more than USD 830 mn in solid-state battery research – ET Auto

Baua Electric

Many auto industry officials and analysts expect solid-state batteries will determine the competitiveness of the next-generation EVs. Japan’s Toyota Motor, a laggard in EV development, has said it plans to launch vehicles powered by solid-state batteries in a couple of years.

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BloombergNEF shares its 2024 Electric Vehicle Outlook

Teslarati

The auto industry continues to shift toward electric vehicles (EVs), and while sales growth has slowed somewhat this year at many companies and in many markets, recent guidance shows that it may only be in the near-term. Last month, Bloomberg data suggested that the ongoing EV sales slowdown in the U.S.

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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. in-house R&D laboratory and is a one-stop solution for complete vehicle-level emission products requirement of any auto OEM, in India and beyond.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. The company’s shares were down about 4% in early trade. Magna said it expects full-year 2024 sales of USD 42.6