The Tamil Nadu government has announced an increase in tax rates for new two-wheelers, cars, and other vehicles. This move is expected to raise the overall cost of vehicles in the state, impacting shared-autos, taxis, and trucks. The tax hike will be in addition to registration charges, green taxes, insurance premiums, and other handling charges.
Volkswagen Group commenced exports from India in 2011. Polo and Vento models of the Volkswagen brand paved the way for India to emerge as a prominent export hub for the group, it said.
The "Internet of Vehicles" (IoV) envisions connected cars exchanging data for safer, efficient transport. Yet, IoV's expansion brings theft and cyber threats. Innovations like "zero trust" safeguards and user awareness are vital to secure this transformative technology.
Britain sticks to 2030 ban on new petrol/diesel cars, but eases measures on carbon reduction in homes. Green agenda questioned after anti-pollution policy attack. Risks for clean energy companies amidst US/EU decarbonization efforts. Gove affirms car ban, cautious on home decarbonization costs. Adjustments to achieve goals likely.
India, according to the latest Road Transport Year Book, has the maximum number of registered two-wheelers, followed by Indonesia. India ranks eighth in the world in number of passenger cars, while China, the United States and Japan are the top three. The report has referred to the 2020 data of the International Road Federation, which is used as the reference across the countries.
Craze for cars with a view is helping break the ‘class ceiling’. What was once restricted to luxury wheels, the ‘glass ceiling’ has caught the attention of mass-market car buyers who are willing to loosen their purse strings for visual appeal. Sunroof’s penetration in India has jumped five-fold in five years, forcing companies that supply these sleek glass panels to carmakers to invest in new plants to meet demand. One in every four cars sold in India today has a sunroof.
Audi's sales surge by 97% in India, eyeing electric vehicles (EVs) to contribute 50% of sales by 2030. India head Balbir Singh Dhillon plans to localize EV production and sees significant growth in the second half of this year. Audi aims to phase out internal combustion engines by 2033.
The U.S. Inflation Reduction Act triggers a race to recycle EV batteries in North America, challenging China's dominance. The act qualifies American-made subsidies for U.S.-recycled battery materials, boosting local factory building and encouraging research for recyclable batteries. As demand for EVs grows, China's virtual monopoly on battery recycling faces competition from a surge of U.S. recycling plants.
Positioned strategically between the Altroz XE and the XM+, these new additions promise to broaden the Altroz lineup's reach to cater to a wider customer base.
Volvo Cars' Q2 operating earnings fall 54% due to a one-off gain in the previous year. It forecasts strong demand for its vehicles despite pricing pressures and expects improved margins on fully electric cars in the coming quarters.
Tesla seeks approval to transform its German factory into Europe's largest car plant, aiming to double capacity to 1 million cars and 100 gigawatt hours of battery production. Proposed modifications include a battery cell testing lab and water recycling, with operations expected to begin in H1 2024. Local objections and environmental concerns have caused delays, but Tesla plans to recycle water and not increase water usage.
The New Relic all-in-one approach helps the Zoomcar team gain insight into the performance of its applications in real-time, with the addition of synthetics monitoring enabling applications to work and track better, and infrastructure monitoring creating stronger communication between all services; allowing the engineering team to identify trends and patterns that could impact system reliability, the company said.
Growing EV sales have increased their global market share from 4% in 2020 to 14% in 2022. However, the appeal of car sounds and emotional attachment to ICE engines still dominate consumer preference. Quieter EVs offer a calmer driving experience with potential benefits like reduced road rage and accidents. While efforts are made to simulate traditional engine sounds in EVs, prioritizing quieter electric vehicles is crucial for lowering emissions and ensuring safer roads.
Geely invests USD 10 billion in Tanjung Malim to create a thriving auto hub, boosting Malaysia's economy. Prime Minister Anwar Ibrahim welcomes the investment, emphasizing its benefits for job creation and youth employment. The move aligns with Malaysia's automotive ambitions, fostering growth and technological advancements.
German union IG Metall has called on Tesla to improve working conditions at its German gigafactory as the company prepares to expand. Tesla is set to publish its expansion plans for feedback, including doubling the capacity of the Gruenheide site to 1 million cars per year.
Toyota Motor plans to sell hydrogen-powered cars and trucks in China and Europe to achieve its target of selling 200,000 of these vehicles by 2030. The Japan-based automaker's focus on these regions marks a shift in strategy because so far it has focused on passenger cars and the North American market.
The wraps are off the KC23, Ferrari’s latest One-Off, bespoke-designed around a brief from one of the marque’s most passionate collectors. It is a futuristic track car based on the architecture of the 488 GT3 Evo 2020 which has triumphed on the world’s leading circuits. Two different configurations underscore its elegance and formal purity on the one hand, and its signature Ferrari sporty racing character on the other.
China's passenger car sales have fallen in June as the economic recovery stumbles amid the pandemic. Sales of new energy vehicles (NEVs) rose more than 25% in June and accounted for around 35% of total car sales.
French mining company Eramet is in discussion with several European car manufacturers to secure commercial agreements to finance its lithium project in Argentina, according to CEO Christel Bories. Speaking at a business conference in Aix-en-Provence, Bories confirmed that the deals involve commitments to buy a certain amount of upcoming production (offtake accords) and joint marketing, but declined to identify the companies involved.
Japanese automaker Toyota achieves significant advancements in solid-state battery production, paving the way for lighter, smaller, and more affordable batteries.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Sandesh Subhash Dugad | Unlock to View | Unlock to View | Director | 22 Jan,2018 |
| Sundeep Prakash Bafna | Unlock to View | Unlock to View | Director | 12 Nov,1992 |
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