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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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Indian Automotive Industry To Take Top Spot Globally By 2030: Gadkari
"The size of Indian automobile industry is now Rs 22 lakh crore... my aim is to make India's automobile industry number one in the world in the next five years," Gadkari said.
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Indian Automobile Industry Welcomes Landmark India-UK Free Trade Agreement
The Indian automobile industry has warmly welcomed the recently signed India-UK Free Trade Agreement (FTA), terming it a landmark and transformative development in the global economic landscape.
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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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New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
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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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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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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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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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Global Equities Waver, Oil Falls Amid Recession Fears
The dollar's role as the safe-haven currency for investors concerned about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies, while the euro sank to within a whisker of parity with the dollar.
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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
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Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry's supply chain.
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Bosch To Invest 3 Billion Euros In Chip Production
Bosch last year opened a 1 billion euro chip factory in Dresden, a record investment as it sought to stake its claim in the growing market for chips to equip self-driving and electric cars amid a global shortage.
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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.
-
Indian Automotive Industry To Take Top Spot Globally By 2030: Gadkari
"The size of Indian automobile industry is now Rs 22 lakh crore... my aim is to make India's automobile industry number one in the world in the next five years," Gadkari said.
-
Indian Automobile Industry Welcomes Landmark India-UK Free Trade Agreement
The Indian automobile industry has warmly welcomed the recently signed India-UK Free Trade Agreement (FTA), terming it a landmark and transformative development in the global economic landscape.
-
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.
-
New Electric Car Scheme Offers Import Tax Cuts To Makers For Local Production
The government will significantly lower import tax for foreign automakers that pledge to invest in domestic electric vehicle (EV) production, as it looks to strengthen local manufacturing and draw in global industry leaders.
-
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.
-
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
-
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.
-
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.
-
Global Equities Waver, Oil Falls Amid Recession Fears
The dollar's role as the safe-haven currency for investors concerned about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs against multiple currencies, while the euro sank to within a whisker of parity with the dollar.
-
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
-
Volkswagen To Develop New Semiconductor With STMicro Amid Chip Crunch
Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry's supply chain.
-
Bosch To Invest 3 Billion Euros In Chip Production
Bosch last year opened a 1 billion euro chip factory in Dresden, a record investment as it sought to stake its claim in the growing market for chips to equip self-driving and electric cars amid a global shortage.
