article thumbnail

Nikkei: India passes Japan to become world’s No. 3 auto market in 2022

Green Car Congress

million between January and November 2022, according to the Society of Indian Automobile Manufacturers (SIAM). from 2021, according to data from the Japan Automobile Dealers Association and the Japan Light Motor Vehicle and Motorcycle Association. In 2021, China continued to lead the global auto market, with 26.27

India 218
article thumbnail

Volvo Cars and Geely Auto to deepen collaboration; new combined powertrain company

Green Car Congress

Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximize the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales.

Volvo 320
article thumbnail

Bharat Global Mobility Expo to be an annual event; Auto Expo set to converge | Autocar Professional

Baua Electric

The Bharat Mobility Global Expo will now become an annual event, with the biennial motor and component exhibitions organised by industry automotive industry associations SIAM and ACMA, set to converge. Goyal was talking to the media post the culmination of the first Bharat Mobility Global Expo claiming it to be a “phenomenal success.”

Global 52
article thumbnail

Musk’s big win in China: Tesla clears data security, full self driving hurdles for locally-made cars – ET Auto

Baua Electric

This came close on the heels of Tesla introducing fresh incentives in the world’s largest auto market to attract consumers. This is according to the China Association of Automobile Manufacturers. Tesla CEO Elon Musk ‘s surprise visit to China has proven to be a strategic move yielding significant results.

China 52
article thumbnail

Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis recently repurchased €934 million in shares from Chinese auto company Dongfeng as per a pre-existing share repurchase framework. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei. In October, the legacy automaker invested in China-based Leapmotor to expand its global electric vehicle (EV) sales.

article thumbnail

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

Baua Electric

Indian auto industry is set to invest up to USD 7 billion, or about INR 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions to reduce imports and capitalise on multinationals’ ‘ China Plus One ’ sourcing strategy. To be sure, China dominates auto parts supplies to India.

article thumbnail

Bharat Mobility Global Expo 2025 dates finalised; To be held from Jan 17-22 | Autocar Professional

Baua Electric

The government today announced that the Bharat Mobility Global Expo 2025 will be held from January 17 to January 22 across three venues in Delhi NCR. The idea of Bharat Mobility Global Expo was put forward by the government to present India as a mobility hub in the global landscape by providing one platform to the entire ecosystem.

Global 52