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CEO’s Take On 2024: Demand for feature-rich, safe, connected and electric vehicles to drive auto parts industry, says Bosch India chief – ET Auto

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Guruprasad Mudlapur, President- India, Bosch Group, and Managing Director, Bosch Limited Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry’s performance, what is your outlook for 2024? The automotive industry is in transition.

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Auto sector sourced 50% parts locally, says minister – ET Auto

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EV sales in India were growing by a compounded annual growth rate of 49%. The Indian automobile sector was able to source almost 50% of required auto parts from domestic markets under the INR 26,000 crore Production-Linked Incentive (PLI) scheme, said Union minister for heavy industries Mahendra Nath Pandey on Tuesday.

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5 more semiconductor fabs in 5 years, says Vaishnaw – ET Auto

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Further, several assembly, testing, marking and packaging (ATMP) units would be set up as part of the mission to create the entire value chain, ecosystem and a “very strong” semiconductor industry in India. We will create a very strong semiconductor industry in our country. lakh crore. This is just the beginning.

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Is Ford really coming back to India? What could be possible reasons

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It was one of the major blows for the country’s manufacturing sector as several other auto OEMs like Chevrolet, Datsun etc called it quit from India. Ford’s exit from India created quite a ruckus in the country’s automotive market as well as in the country’s business community.

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New milestone in 2023: What drove India to record over 41 lakh car sales

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By: Mainak Das | Updated on: 03 Jan 2024, 13:42 PM India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. India witnessed sales of 41 lakh passenger vehicles in 2023, up from 39 lakh units sold in 2022. Sales of new passenger vehicles in India recorded 41 lakh units milestone, marking around 8.2

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Fast evolving auto industry needs befitting HR solutions | Autocar Professional

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And the automobile industry in India is a significant contributor to the country’s economy. The environment in which the automobile industry operates on statutory norms includes safety requirements, environmental regulations, labour laws, and trade policies. percent against the global average of 2.9

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EV push in Budget to give fillip to warehousing & logistics sectors – ET Auto

Baua Electric

The synchronisation of this plan with the ‘Make In India’ programme and the implementation of Production Linked Incentives (PLI) for EV manufacturing fortifies the government’s commitment to foster a robust EV industry. “The EV space in India is likely to see investments of Rs 94,000 crore ($12.6

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