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Fixing Execution Gaps Could Help Indian Auto Industry Boom: Report
To move forward, Vector Consulting Group recommends a complete reset in how automakers and suppliers work together.
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NITI Aayog: Cost Advantage To Boost Indias Position In Automotive Component Market
China is the largest auto components supplier to India, contributing close to 23 per cent of India's imports, the NITI Aayog report added.
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Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
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Tamil Nadu Signs Pacts Over $4 billion With Apple Suppliers Tata, Pegatron
Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday.
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Tesla in India: How the Automaker Could Enter World's Third-Largest Market With No Threat From Chinese Rivals
Tesla could benefit from increased scrutiny on Chinese brands like BYD in India, and the EV maker has received a red-carpet welcome from the government. The Elon Musk-led firm could enter the world's third-largest auto market without facing competition from BYD like it does in other markets — like Thailand. Tesla reportedly plans to build a low-c...
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Tesla Asked to Emulate Apple in Finding Indian Firms to Partner Chinese Suppliers for Electric Car Factory
As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter.
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iPhone Supplier Foxconn to Invest $250 Million for EV Components Unit in Vietnam
Foxconn is set to invest about $250 million (nearly Rs. 20,500 crore) in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world's largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn's global plans to become a player in the EV industry, after h...
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Alpine F1 Team Secures Funding From Investor Group Backed by Ryan Reynolds and Rob McElhenney
Alpine has secured a 200-million-euro cash investment from a group of investors, including actors Ryan Reynolds and Rob McElhenney. The actors previously invested in Welsh football club Wrexham AFC, which was the subject of popular docu-series Welcome to Wrexham.
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Tesla Said to Be Working With Chinese, Korean Partners to Address Tesla 4680 Battery Concerns: All Details
Tesla is said to have recruited Chinese and Korean materials suppliers to help lower the cost and boost the energy of its 4680 battery cells. The electric vehicle maker is struggling with battery-related performance and production issues, delaying the launch of its futuristic Cybertruck.
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Apple Partner Foxconn Seeking India’s Cooperation to Make EVs, Chips
Apple supplier Foxconn said on Saturday it was seeking cooperation in India in new areas like chips and electric vehicles (EVs) after a visit to the country by its chairman, Liu Young-way. Apple has been shifting production away from China after the country's strict COVID-19 restrictions disrupted the manufacturing of new-model iPhones and other de...
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Volkswagen Tests Electric Vehicles Under Skoda Brand for India Market
Volkswagen has started testing some electric vehicles from the Skoda brand in India. The auto major is evaluating the products to be brought to the country for electromobility targeting mass segment, according to a senior company official. The VW group has a presence in India through its brands, including Volkswagen, Skoda, Audi, Porsche, Lamborghi...
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Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 billion
Japan's Panasonic Energy Co, a major Tesla Inc supplier, said on Wednesday it had selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion.
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Analysis-'Unknowns' Delay Tesla's Ramp-up Of Its Own Cutting-Edge Batteries
Tesla said on Wednesday it would rely on suppliers to meet battery demand this year, as the necessity of learning new technologies is holding back its plan to boost production of its own batteries.
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Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
It is Volkswagen's first direct relationship with second and third-rank semiconductor suppliers, a move executives have hinted at since the chip shortage hit the auto industry in late 2019.
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Ford Targets EV Capacity Expansion To Over 2 Million Units By 2026
Ford is looking to expand global EV output to 600,000 units annually by end-2023 with suppliers already in place
-
Fixing Execution Gaps Could Help Indian Auto Industry Boom: Report
To move forward, Vector Consulting Group recommends a complete reset in how automakers and suppliers work together.
-
NITI Aayog: Cost Advantage To Boost Indias Position In Automotive Component Market
China is the largest auto components supplier to India, contributing close to 23 per cent of India's imports, the NITI Aayog report added.
-
Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
-
Tamil Nadu Signs Pacts Over $4 billion With Apple Suppliers Tata, Pegatron
Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday.
-
Tesla in India: How the Automaker Could Enter World's Third-Largest Market With No Threat From Chinese Rivals
Tesla could benefit from increased scrutiny on Chinese brands like BYD in India, and the EV maker has received a red-carpet welcome from the government. The Elon Musk-led firm could enter the world's third-largest auto market without facing competition from BYD like it does in other markets — like Thailand. Tesla reportedly plans to build a low-c...
-
Tesla Asked to Emulate Apple in Finding Indian Firms to Partner Chinese Suppliers for Electric Car Factory
As Tesla examines building a plant in India, officials have asked the company to emulate Apple in finding local firms to partner with any Chinese suppliers involved, according to three government sources with direct knowledge of the matter.
-
iPhone Supplier Foxconn to Invest $250 Million for EV Components Unit in Vietnam
Foxconn is set to invest about $250 million (nearly Rs. 20,500 crore) in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world's largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn's global plans to become a player in the EV industry, after h...
-
Alpine F1 Team Secures Funding From Investor Group Backed by Ryan Reynolds and Rob McElhenney
Alpine has secured a 200-million-euro cash investment from a group of investors, including actors Ryan Reynolds and Rob McElhenney. The actors previously invested in Welsh football club Wrexham AFC, which was the subject of popular docu-series Welcome to Wrexham.
-
Tesla Said to Be Working With Chinese, Korean Partners to Address Tesla 4680 Battery Concerns: All Details
Tesla is said to have recruited Chinese and Korean materials suppliers to help lower the cost and boost the energy of its 4680 battery cells. The electric vehicle maker is struggling with battery-related performance and production issues, delaying the launch of its futuristic Cybertruck.
-
Apple Partner Foxconn Seeking India’s Cooperation to Make EVs, Chips
Apple supplier Foxconn said on Saturday it was seeking cooperation in India in new areas like chips and electric vehicles (EVs) after a visit to the country by its chairman, Liu Young-way. Apple has been shifting production away from China after the country's strict COVID-19 restrictions disrupted the manufacturing of new-model iPhones and other de...
-
Volkswagen Tests Electric Vehicles Under Skoda Brand for India Market
Volkswagen has started testing some electric vehicles from the Skoda brand in India. The auto major is evaluating the products to be brought to the country for electromobility targeting mass segment, according to a senior company official. The VW group has a presence in India through its brands, including Volkswagen, Skoda, Audi, Porsche, Lamborghi...
-
Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 billion
Japan's Panasonic Energy Co, a major Tesla Inc supplier, said on Wednesday it had selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion.
-
Analysis-'Unknowns' Delay Tesla's Ramp-up Of Its Own Cutting-Edge Batteries
Tesla said on Wednesday it would rely on suppliers to meet battery demand this year, as the necessity of learning new technologies is holding back its plan to boost production of its own batteries.
-
Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
It is Volkswagen's first direct relationship with second and third-rank semiconductor suppliers, a move executives have hinted at since the chip shortage hit the auto industry in late 2019.
-
Ford Targets EV Capacity Expansion To Over 2 Million Units By 2026
Ford is looking to expand global EV output to 600,000 units annually by end-2023 with suppliers already in place
