“We’re also working with the government on alternative resources. This is something we are watching very carefully”, said Tata Motors’ Chairman N. Chandrasekaran. Tata Motors chairman N. Chandrasekaran on Friday told shareholders at the company’s 80th annual general meeting that the company is accelerating its electric vehicle (EV) strategy, even as it closely monitors supply… Continue reading No supply issues for EV magnets, monitoring geopolitical risks closely: N. Chandrasekaran
Author: Economic Times of India Online News
India to become fourth-largest EV producer by 2030: Report
The report, part of Rhodium’s Global Clean Investment Monitor, notes that India’s manufacturing capacity is expected to exceed domestic demand by 1.1–2.1 million units over the next five years. India’s electric four-wheeler manufacturing capacity is projected to grow tenfold to 2.5 million units by 2030, from 0.2 million units currently, according to new research by… Continue reading India to become fourth-largest EV producer by 2030: Report
End of road for end-of-life vehicles from July 1: CAQM
India currently adheres to Bharat Stage VI, or BS VI, emission norms for vehicular fuels, but there are old cars that still run on BS-II and BS III standards. Starting July 1, all end-of-life (EOL) vehicles will be denied fuel in Delhi and will be subject to actions such as deregistration, impounding and scrapping, the… Continue reading End of road for end-of-life vehicles from July 1: CAQM
Desi auto cos yet to get Beijing nod for magnets
Both Acma and Siam prepared a list of delegates that they intend to rope in if a visit to China can be facilitated by the govt. No Indian auto component or vehicle company managed to get approval from the Chinese govt for procuring rare earth magnets so far, sources said. They added that there is… Continue reading Desi auto cos yet to get Beijing nod for magnets
Jeep maker Stellantis weighs sale among options for Maserati, sources say
Stellantis has not specifically mandated McKinsey to find a buyer for Maserati, but the mandate is to consider all options, including a potential sale, the second source said. Stellantis is considering a possible sale of its struggling luxury Maserati unit, among other options, two sources with knowledge of the matter said, as the automaker seeks… Continue reading Jeep maker Stellantis weighs sale among options for Maserati, sources say
Fearing China’s small car rivals, Stellantis, Renault lobby EU for fewer rules
And whether less-regulated models could compete against Chinese EVs also remains to be seen. With Chinese automakers pushing into Europe, Stellantis and Renault are lobbying for a new, less-regulated category of small cars with fewer safety features, making them cheaper to build. Over the last two months, Stellantis Chairman John Elkann and Renault CEO Luca… Continue reading Fearing China’s small car rivals, Stellantis, Renault lobby EU for fewer rules
Geely to hold 26.4% stake in Brazilian JV majority-owned by Renault
It is also due to make and distribute light commercial vehicles under the Renault brand to “attract new customers”, according to a filing by Geely Auto. China’s Geely said on Friday it and its parent Geely Holding would take a combined 26.4% stake in a joint venture controlled by its French partner Renault as the… Continue reading Geely to hold 26.4% stake in Brazilian JV majority-owned by Renault
Chennai set to get a 25-year Comprehensive Mobility Plan
As part of the CMP, CUMTA says 50,000 households were surveyed in this region to gain inputs for the masterplan. Smart urban planning, with efficient mobility being a critical part, is not an option but a necessity. With that cognisance, the Chennai Unified Metropolitan Transport Authority (CUMTA) is devising a 25-year Comprehensive Mobility Plan for… Continue reading Chennai set to get a 25-year Comprehensive Mobility Plan
Xiaomi unit wins land tender in Beijing for EV manufacturing
The tender win would make Xiaomi one of the few automakers in China approved to expand capacity while the majority of the sector is grappling with overcapacity. A Xiaomi unit has won a tender to buy a plot of land in Beijing close to its existing car factory for 635 million yuan ($88 million), which… Continue reading Xiaomi unit wins land tender in Beijing for EV manufacturing
Ashwini Vaishnaw meets Russian Deputy PM, discusses rare earth metals and infrastructure
Before heading to Russia, the Minister inaugurated India’s largest multi-modal automobile cargo terminal at the Maruti Suzuki India Limited plant in Manesar, Haryana, on June 17. Union Minister for Railways, Information & Broadcasting, and Electronics & IT, Ashwini Vaishnaw, met Russian Deputy Prime Minister Alexei Overchuk on Thursday. The meeting focused on strengthening cooperation in… Continue reading Ashwini Vaishnaw meets Russian Deputy PM, discusses rare earth metals and infrastructure