The transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) faces challenges as consumers show a preference for hybrids and CNG vehicles over pure EVs. Maruti Suzuki expects significant growth in CNG car sales, signaling a shift towards alternative fuel technologies alongside traditional options.
The country’s first automobile assembly plant was inaugurated by Pushpa Kamal Dahal, the Prime Minister of Nepal, and Tae-Young Park, Ambassador of the Republic of Korea, in Nepal, on May 10, 2024. The assembly plant has an annual installed capacity of 5000 units, Hyundai said.
The Seagull, a low-priced electric car by BYD, poses a threat to American automakers. Chinese EVs face tariffs in the U.S., prompting concerns about the impact on the auto industry and the need for adaptation and competition.
The US auto workers union's drive to organize auto plants in the southern United States faces a second test this week at Mercedes-Benz in Alabama following a triumph last month. Some 5,200 workers at the Mercedes auto manufacturing plant and battery complex near Tuscaloosa, Alabama will decide whether to join the United Auto Workers in a federally-administered election that runs from Monday through Friday.
The company sells CNG trims across various models like WagonR, Brezza, Dzire, and Ertiga, among others in the domestic market. Bharti said the company's capacity expansion by around 1 lakh units per annum at its Manesar plant, Haryana largely addresses the Ertiga supply issues. Ertiga CNG demand is huge in the market leading to supply issues, he noted.
Car manufacturers are adopting sophisticated glass coatings to maintain cool temperatures inside vehicle cabins, reducing the reliance on air conditioning as temperatures soar above 45°C in certain Indian cities during the summer. This initiative coincides with the trend towards larger vehicles like SUVs and electric models, which demand more battery pack space, resulting in larger glass surface areas and thermal loads
Spain's Industry Ministry said the carmaker aimed to produce 300,000 units of the new vehicle annually. "It is a model that will guarantee the workload for this factory and prepare it for the future," the ministry said in a statement.
While the share of new energy vehicle sales scaled a new high, paving the way for the world's largest auto market to fast-track its green goal, sales of electric vehicles are still far slower than those of plug-in hybrids (PHEVs).
The Authority attributed the drop in vehicle imports in April 2024 partly to what it called a "massive advance" of vehicle imports in December 2023, on the eve of the increase in the purchase tax on electric vehicles in January 2024.
Zeekr is the premium brand of Chinese automaker Geely, which also owns Sweden's Volvo Cars and the UK's Lotus. It was formed in 2021 to tap into growing Chinese demand for premium models, and has delivered nearly 200,000 cars so far, according to its IPO filing, mostly in China.
“The India business is now debt free, and we are on track to become net automotive debt free on a consolidated basis in FY25. The businesses are executing well on their distinct strategies and therefore, we are confident of sustaining this strong performance in the coming years,” PB Balaji, Group Chief Financial Officer, Tata Motors told the reporters during a post-earnings conference call.
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