EV Price Parity Coming Soon, Claims VW Executive
Michigan is ground zero for the US auto industry, which is why the Center For Automotive Research, an independent organization that conducts research, forecasts trends, develops new methodologies, and advises the auto industry on public policy, is located there. Each year,…
Volvo Has Dramatically Increased Its Global Sales
In China alone, the Swedish brand have recorded a demand growth of 25%. In the first seven months of 2019 world Volvo sales jumped by 7.3% and amounted to almost 400 thousand units of cars. About it reports a press-service…
July 2019 Marked An Inflection Point And Auto Industry Sales Fell By A Record 40% Pushing Many Into The Red
When a reputed global news agency like Reuters carries a news report on August 6, 2019 that since April 2019, automobile and auto component units and automobile dealers in India have laid off 350,000 workers, it is bound to send…
Delhi Gives Tripura 50 Electric Buses
The ministry of heavy industry and public enterprises has sanctioned 50 electric buses for Tripura along with 26 other states for intra-city and intercity operation under the faster adoption and manufacturing of electric vehicles (FAME) in India scheme. A department…
China’s CMOC Seeks Opportunities To Beef Up Battery Metals Business
Fresh from closing a $518 million acquisition, metals firm China Molybdenum Co (CMOC) remains open to deals that would boost business in the booming electric vehicle (EV) battery sector, the company’s chief executive said on Friday. Cobalt, copper, nickel and…
Anand Mahindra – Investments In Manufacturing, R&D Can Make India A Global Electric Vehicle Hub
The time is right to shift to electric vehicles in India, said Anand Mahindra, chairman, Mahindra & Mahindra Ltd (M&M), in his address to shareholders at M&M’s 73rd annual general meeting. He also noted that there is a tectonic shift…
Markets and Markets Estimates The India Electric Two-Wheeler Market To Reach 3 Million-Unit Sales By 2027
An electrical two-wheeler is a form of transport with a new mobility approach, especially in countries with large populations which concerned about the impact of GHG emissions on the environment. One of the most important factors driving the electric scooter…
Mahindra Warns Of Job Losses In Auto Sector, Seeks Govt Help
Indian automaker Mahindra and Mahindra Ltd (M&M) said on Wednesday it saw a “huge danger” of job losses in the ailing domestic auto sector, as it sought government intervention, including tax reductions to revive demand. A lending crisis among the country’s shadow banks, which fund…
VW To Test Robotic Chargers For Self-Driving Electric Cars
Electrify America, a subsidiary of Volkswagen Group of America, has announced a pilot project to test the viability of robotic fast-charging systems for self-driving electric vehicles (EVs), CNBC reported on Monday (Aug. 5). VW is partnering with Bay Area startup Stable Auto, a…
Suzuki Posts 46% Drop In First-Quarter Profit On Slowing India Demand
Suzuki Motor Corp on Monday reported a 46.2% fall in first-quarter operating profit, hurt by lower output at home as it improves its inspection systems, and falling demand in India, its biggest market. Japan’s fourth-largest automaker posted an operating profit…
