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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.

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

Baua Electric

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. India has emerged as the automotive powerhouse and the world is looking at us.

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Renault Group and Geely Holding launch Horse Powertrain Ltd. based in London – ET Auto

Baua Electric

The joint venture’s complementary product portfolio and regional footprint could offer solutions for 80% of the growing global hybrid and combustion powertrain market. The joint venture’s complementary product portfolio and regional footprint could offer solutions for 80% of the growing global hybrid and combustion powertrain market.

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MG Motor India showcases its EV portfolio at the Vibrant Gujarat Global Summit 2024 – ET Auto

Baua Electric

New Delhi: MG (Morris Garages), a British automobile brand with a 100-year-old legacy, showcased its EV portfolio at the Vibrant Gujarat Global Summit 2024. As a significant contributor to the state’s economy, MG has invested INR 7,000 crore in Gujarat, rolling out over 2,00,000 cars from its manufacturing plant in Halol, Gujarat.

India 52
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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

Baua Electric

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 Indian economy has demonstrated remarkable resilience in the face of shifting global dynamics.

India 52
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PwC’s Strategy&: Auto supplier M&A activity likely to hit record $48B transaction value globally in 2015

Green Car Congress

PwC Strategy&’s annual list of top auto supplier consolidators includes 23 companies: 12 are North American, six European, two Japanese, two South Korean and one Chinese. —Dietmar Ostermann, PwC Strategy&’s Global Automotive Advisory Leader. “In In the automotive supplier world, clearly most acquisitions are successful.”

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Global auto production may hit 80+ million units this year; hybrids below 2% of total output

Green Car Congress

Global sales of passenger vehicles increased from 75.4 The auto industry’s production capacities are far from fully used; PricewaterhouseCoopers (PWC) estimates current global vehicle assembly capacity at almost 95 million, the report notes. Rising sales translate into an ever-expanding global vehicle parc. million to 78.6

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