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Ahead Of Regional Conferences Gujarat Emerges As Global Automotive Hub
Moreover, the invested capital in the automobile sector in Gujarat amounted to Rs 29,700 crore in FY 2022-23, recording a strong CAGR of 16.4 per cent over the last five years.
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Tesla Faces Stiff Competition By The Rise Of Chinese Auto, Tech Giants
Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.
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China's Rare Earth Restrictions Cripple Auto Industry Globally
The global auto industry has been rocked by China's decision to restrict exports of rare earth magnets that are crucial to making vehicles. Beijing is using this as a key weapon in its trade war with Washington.
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Automotive Blockchain Market Projected to Hit $5.6 Billion by 2030: Report
A report by Allied Market Research (AMR) has estimated that the global automotive blockchain market is on the track to become a $5.6 billion (roughly Rs. 47,800 crore) dollar industry by 2030.
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NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
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Bharat Mobility Global Expo 2025: Expected EVs On Display At The Auto Show
We tell you what to expect from the electric two-wheeler industry at the 2025 Bharat Mobility Global Expo.
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Elon Musk Distracted by Twitter, Should Focus on Tesla as EV Rivals Pick Up Pace, Investors Say in Survey
Out of 630 global MLIV Pulse contributors, 54 percent flagged the heightened risk of industry competition while 26 percent picked the behavior and decisions of its mercurial chief as a key concern for Tesla shareholders.
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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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With $2.45 Billion Investment in India, Can Hyundai Challenge China's EV Dominance?
SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV carmakers by sales in 2022. The Asian carmaker is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.
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6 Airbags In Cars A Must From October 2023
Union Minister Nitin Gadkari said today that considering the global supply chain constraints faced by the auto industry, the six-airbag safety rule for passenger cars in India shall be implemented from October next year
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Toyota Profit Down Amid Chip Shortage, EV Business Has Been the Worst HitÂ
Toyota’s profit in the April-June quarter fell nearly 18 percent YoY as the semiconductor shortage slammed the auto industry. Electric vehicles, which need many chips, have been the worst hit by the global chips crunch. Boosting the EV sale, Toyota makes the Prius hybrid, Lexus luxury models and Camry sedan.Â
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EV Maker Rivian Plans To Cut Hundreds Of Jobs - Bloomberg News
Rivian had over 10,000 employees globally, as of Dec 31, 2021, according to the company's filing.
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Oil Edges Up After U.S. Stock Build, Big Inflation Figure
Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
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STMicro, GlobalFoundries Plan New $5.7 Billion French Chip Factory
The project represents the lion's share of 6.7 billion euros ($6.8 billion) of investment from major global companies that President Emmanuel Macron is due to announce at this year's Choose France summit in Versailles.
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Oil Falls On Lackluster U.S. Summer Gasoline Demand
Oil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.
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Ahead Of Regional Conferences Gujarat Emerges As Global Automotive Hub
Moreover, the invested capital in the automobile sector in Gujarat amounted to Rs 29,700 crore in FY 2022-23, recording a strong CAGR of 16.4 per cent over the last five years.
-
Tesla Faces Stiff Competition By The Rise Of Chinese Auto, Tech Giants
Chinese electric-vehicle makers led by BYD beat Tesla in the competition to produce affordable electric vehicles. Now, many of those same fierce competitors are pulling into the passing lane in the global race to produce self-driving cars.
-
China's Rare Earth Restrictions Cripple Auto Industry Globally
The global auto industry has been rocked by China's decision to restrict exports of rare earth magnets that are crucial to making vehicles. Beijing is using this as a key weapon in its trade war with Washington.
-
Automotive Blockchain Market Projected to Hit $5.6 Billion by 2030: Report
A report by Allied Market Research (AMR) has estimated that the global automotive blockchain market is on the track to become a $5.6 billion (roughly Rs. 47,800 crore) dollar industry by 2030.
-
NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
-
Bharat Mobility Global Expo 2025: Expected EVs On Display At The Auto Show
We tell you what to expect from the electric two-wheeler industry at the 2025 Bharat Mobility Global Expo.
-
Elon Musk Distracted by Twitter, Should Focus on Tesla as EV Rivals Pick Up Pace, Investors Say in Survey
Out of 630 global MLIV Pulse contributors, 54 percent flagged the heightened risk of industry competition while 26 percent picked the behavior and decisions of its mercurial chief as a key concern for Tesla shareholders.
-
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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With $2.45 Billion Investment in India, Can Hyundai Challenge China's EV Dominance?
SNE Research which provides global market research and consulting to the rechargeable batteries industry ranked Hyundai as the top sixth EV carmakers by sales in 2022. The Asian carmaker is ramping up its production capabilities as it aims to become one of the world's top three electric vehicle manufacturers by 2030.
-
6 Airbags In Cars A Must From October 2023
Union Minister Nitin Gadkari said today that considering the global supply chain constraints faced by the auto industry, the six-airbag safety rule for passenger cars in India shall be implemented from October next year
-
Toyota Profit Down Amid Chip Shortage, EV Business Has Been the Worst HitÂ
Toyota’s profit in the April-June quarter fell nearly 18 percent YoY as the semiconductor shortage slammed the auto industry. Electric vehicles, which need many chips, have been the worst hit by the global chips crunch. Boosting the EV sale, Toyota makes the Prius hybrid, Lexus luxury models and Camry sedan.Â
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EV Maker Rivian Plans To Cut Hundreds Of Jobs - Bloomberg News
Rivian had over 10,000 employees globally, as of Dec 31, 2021, according to the company's filing.
-
Oil Edges Up After U.S. Stock Build, Big Inflation Figure
Global benchmark Brent is down sharply since hitting $139 in March, which was close to the all-time high in 2008, as investors have been selling oil of late on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
-
STMicro, GlobalFoundries Plan New $5.7 Billion French Chip Factory
The project represents the lion's share of 6.7 billion euros ($6.8 billion) of investment from major global companies that President Emmanuel Macron is due to announce at this year's Choose France summit in Versailles.
-
Oil Falls On Lackluster U.S. Summer Gasoline Demand
Oil prices have been extremely volatile, caught in a tug-of-war between supply fears caused by Western sanctions on Russia and worries that the fight against inflation could weaken the global economy and cut demand.
