Prime Minister Narendra Modi met Elon Musk, CEO of Tesla Inc and SpaceX, in New York today. Musk is also the owner, CTO and chairman of Twitter, founder of the Boring company and X-Corp, co-founder of Neuralink and OpenAI. Prime Minister Modi appreciated Musk’s efforts at making technology accessible and affordable in various sectors and… Continue reading PM Modi meets Elon Musk, Tesla to be in India “as soon as humanly possible”
Author: Autocar_Professional India Online News
PM Modi meets Elon Musk, Tesla to be in India “as soon as humanly possible”
Prime Minister Narendra Modi met Elon Musk, CEO of Tesla Inc and SpaceX, in New York today. Musk is also the owner, CTO and chairman of Twitter, founder of the Boring company and X-Corp, co-founder of Neuralink and OpenAI. Prime Minister Modi appreciated Musk’s efforts at making technology accessible and affordable in various sectors and… Continue reading PM Modi meets Elon Musk, Tesla to be in India “as soon as humanly possible”
Automechanika Ho Chi Minh City draws over 450 exhibitors, ACMA to host India Pavilion
The fifth edition of Automechanika Ho Chi Minh City, to be held from June 23-25, is the largest on record. A total of 461 exhibitors from 20 countries and regions will present the latest products, services and technologies in the automotive industry across 15,740 square metres of the Saigon Exhibition and Convention Center. The major… Continue reading Automechanika Ho Chi Minh City draws over 450 exhibitors, ACMA to host India Pavilion
Hyundai Motor Group increases annual EV sales target by 2030 to 2 million units
Hyundai Motor Company unveiled its mid- to long-term business strategies and financial plans at the ‘2023 CEO Investor Day’ in Seoul held on June 20. With the aim of actively leveraging its knowledge and heritage of innovation from internal combustion engine (ICE) vehicles, the Korean automaker is committed to a successful transition to the electrification… Continue reading Hyundai Motor Group increases annual EV sales target by 2030 to 2 million units
Hyundai Motor Group increases annual EV sales target by 2030 to 2 million units
Hyundai Motor Company unveiled its mid- to long-term business strategies and financial plans at the ‘2023 CEO Investor Day’ in Seoul held on June 20. With the aim of actively leveraging its knowledge and heritage of innovation from internal combustion engine (ICE) vehicles, the Korean automaker is committed to a successful transition to the electrification… Continue reading Hyundai Motor Group increases annual EV sales target by 2030 to 2 million units
Stellantis, Foxconn form 50:50 JV to make semiconductors for auto industry
Stellantis and Foxconn have established a 50:50 JV SiliconAuto to design and sell semiconductors for the auto industry from 2026. The joint venture is the product of a December 2021 agreement between Stellantis and Foxconn, to develop a family of semiconductors for automotive applications. SiliconAuto will provide customers an auto industry-centric source of semiconductors for the… Continue reading Stellantis, Foxconn form 50:50 JV to make semiconductors for auto industry
‘Auto dealers must collaborate, not compete to improve margins’: Ramesh Iyer
With auto sales continuing to be sluggish, and new customer acquisition getting increasingly difficult, Ramesh Iyer, Vice Chairman and MD of Mahindra Finance says that the industry needs to collaborate and not compete, to increase its consumer base. Giving a speech at FADA’s second Finance and Insurance Summit, Iyer spoke on the importance of discipline… Continue reading ‘Auto dealers must collaborate, not compete to improve margins’: Ramesh Iyer
Air conditioned driver cabins in trucks to be mandatory soon: Nitin Gadkari
In a big respite to the truck drivers, Minister for Road Transport and Highways, Nitin Gadkari proposed all commercial vehicle makers install air conditioners inside the driver cabins. “All trucks will now need to have air-conditioned driver compartments. I wanted to introduce air conditioners in truck driver compartments from the day I took charge as Minister.… Continue reading Air conditioned driver cabins in trucks to be mandatory soon: Nitin Gadkari
Air conditioned driver cabins in trucks to be mandatory soon: Nitin Gadkari
In a big respite to the truck drivers, Minister for Road Transport and Highways, Nitin Gadkari proposed all commercial vehicle makers install air conditioners inside the driver cabins. “All trucks will now need to have air-conditioned driver compartments. I wanted to introduce air conditioners in truck driver compartments from the day I took charge as Minister.… Continue reading Air conditioned driver cabins in trucks to be mandatory soon: Nitin Gadkari
Gestamp forecasts over 50% of its revenues by 2027 will come from EVs
Gestamp, the multinational company specialised in the design, development and manufacturing of highly engineered metal components for the automotive industry, expects that by 2027, more than 50% of its revenues will come from electric vehicles (EVs). The company, which held today its second Capital Markets Day, presented its 2023-2027 Strategic Plan to investors. This future… Continue reading Gestamp forecasts over 50% of its revenues by 2027 will come from EVs