Volkswagen won't join China discount battle "at any price": COO
Volkswagen will not participate in a discount battle in China "at any price", Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday.
FortPoint Automotive (Cars) Pvt Ltd.
Company limited by Shares (4) 38+ employeesFortPoint Automotive (Cars) Pvt Ltd. Overview
INDIA HO
MUMBAICOMPANY SIZE
38+ employeesCIN
U29113MH1992PTC069508TYPE
PrivateCATEGORY
Company limited by SharesSUB-CATEGORY
Non-govt companyWEBSITE
FOUNDED
12 Nov,1992PAID-UP CAPITAL
9,253,680AUTHORISED CAPITAL
15,000,000FortPoint Automotive (Cars) Pvt Ltd. in News
Kia to suspend one domestic plant for EV preparations
Kia, South Korea's second-biggest carmaker, said on Wednesday it will suspend the operation of one of its eight domestic plants during the second half of this year in preparation for electric vehicle (EV) production.
China's Geely in early talks to enter Thailand EV market: Sources
Major Chinese automaker Geely is in the early stages of planning an entry into Thailand's electric vehicle (EV) market, including weighing models for import and local manufacturing, according to two people with knowledge of the discussions.
Chips have become the backbone of vehicles
Cars talking to each other, talking to home appliances, talking to the service bay at the workshop, talking to the OEM for diagnostic solutions – these are not the future, these are already here. And as cars increasingly become computers on wheels, the demands on semiconductors are growing.
Elon Musk greeted with flattery and feasts during China trip
Musk's unannounced trip is the latest by a major U.S. CEO to China since the country reversed its zero-COVID policy and reopened its borders. Apple's Tim Cook visited in March, while JP Morgan's Jamie Dimon and Starbucks' Laxman Narasimhan are also in China this week.
UK car output up 9.9% y-o-y in April as supply chain issues ease
European Union remained a top market with more than half of all exports to the region, while electric vehicle volumes were well over a third of total car output, the Society of Motor Manufacturers and Traders (SMMT) said.
France unveils new, more ambitious emissions-cutting plan
Unveiled by Prime Minister Elisabeth Borne, the roadmap includes detailed figures for reductions for individual sectors of the economy, ranging from the transport industry to households. The objectives from speeding up the transition to electric cars or switching freight from road to rivers are aimed at bringing France's ambitions for slashing carbon pollution into line with the EU's target for 2030.
Elon Musk reverses course and says Tesla will advertise its cars
Musk said it was "ironic" that as CEO of Tesla, he now owns Twitter. The social media platform is highly dependent on ads and will soon be led by advertising veteran Linda Yaccarino, who he hired last week.
New Jersey senators seek to delay New York City congestion pricing plan
Senators Bob Menendez and Cory Booker urged U.S. Transportation (USDOT) Secretary Pete Buttigieg not to grant final approval to environmental reviews needed to implement the congestion pricing plan after his department gave a key approval on May 5. Menendez said separately that he is introducing legislation this week that would cut 50% of New York state federal highway grant funding if the plan moves ahead.
Valeo produces one million units of ultrasonic sensors at Sanand plant
The Valeo Product Group designs and manufactures Ultrasonic sensors, Radars, Lidars, Satellite- Smart- Cameras and Compute Units that are used in conjunction with apps to detect obstacles around vehicles, making driving and parking more enjoyable and above all, safer, the company said.
Opinion: How global megatrends impact automotive industry in India
As we celebrate the National Technology Day, EV agnostic portfolio, ADAS technology, and Connectivity of vehicles are some of the key mobility trends that will profoundly affect the automotive industry and its stakeholders in the country.
With clean air and less noise, the EV future has already arrived in Norway
The building measures pollution from the traffic zooming by. Levels of nitrogen oxides, byproducts of burning gasoline and diesel, have fallen sharply.
1 in 4 cars in India to be an electric by 2030: VW
The company plans to introduce an India-assembled version of its ID.4 electric car over the next one year, following which it will launch a highly localised electric car that will be targeted at the mass market, VW country brand head Ashish Gupta told TOI. "We expect the Indian market to grow at a CAGR of 5-6% over this decade, and close 2030 with annual sales between 5 million and 5.6 million. Electrics will be 25-30% of this, and the volumes can be anywhere between 1.5 million and 1.8 million units," Gupta said.
Tesla's April sales of China-made EVs down 14.7% from March
The figure was however a huge jump from a year earlier, when the city of Shanghai - where Tesla has a factory - was in COVID-19 lockdown. In April last year, the company delivered only 1,512 China-made Model 3 and Model Y cars in the world's largest auto market.
Skoda Auto India introduces 2023 Kodiaq at a starting price of INR 37.99 lakh
The Kodiaq nameplate was first introduced in India in 2017, and globally, the Kodiaq was Skoda Auto’s first full-size SUV with the capacity to seat 7. Available in India as a parts and components vehicle under limited numbers so far, the 2023 Kodiaq will now see allotments of 750 cars every quarter, the company said.
Staging partial recovery, Russia's April car sales leap 170.4% y/y
Russia's auto industry had been heavily reliant on investment, equipment and parts from overseas and was hit hard by the fallout from Western sanctions and the carmaker exodus in response to Moscow despatching troops to Ukraine in February 2022. Sales of new cars plunged by 59% last year.
Volkswagen sees growing competition ahead as revenue jumps on Europe, US
The company was emboldened to stick to its annual outlook of a return on sales of 7.5% to 8.5% and higher deliveries by a strong first quarter, boosted by higher revenues in Europe and North America.
Bosch buys US semiconductor foundry to expand EV chip output
Bosch and TSI did not disclose a purchase price. Bosch said it plans to invest USD1.5 billion to retool TSI's chip production facilities in Roseville, California to start producing silicon carbide chips by 2026.
Toyota Kirloskar plans to roll out affordable green models
Toyota Kirloskar Motor (TKM) plans to bring more clean technology models - hybrids, flex fuel, hydrogen to name a few, at affordable price points over the next three to five years as part of its plan to reduce dependence on fossil fuel-powered vehicles. Localisation at a rapid pace including sourcing locally made parts and raw materials, will be key to the plan, said the company's top officials.
Volkswagen India opens new touchpoint in Perumbavoor, Kerala
The touchpoint will display in its three bays Volkswagen Taigun, Volkswagen Virtus, and the global best-seller Volkswagen Tiguan. The new touchpoint will also house eight bays in the service facility, the company said
Directors of FortPoint Automotive (Cars) Pvt Ltd.
| 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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