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Section: News

Dispute arise between US & Mexico over new auto component rules
News
  Jan 11, 2022

Dispute arise between US & Mexico over new auto component rules

The Mexican government requested a dispute resolution panel under the US-Mexico-Canada free trade agreement because it claims the United States is improperly interpreting stricter regional content rules under the pact.

High import tariff in Indian electronic sector impacting PLI
News
  Jan 11, 2022

High import tariff in Indian electronic sector impacting PLI

India's import tariffs for the electronics sector are higher compared to countries like China and Vietnam that is negating the support provided through PLI schemes.

Major auto OEMs, component makers apply for PLI schemes
News
  Jan 11, 2022

Major auto OEMs, component makers apply for PLI schemes

All major vehicle original equipment manufacturers (OEMs) and component makers have applied for the automotive vehicle and component production-linked incentive (PLI) scheme, as per government sources.

Electric vehicle sales in India grows to 240% in December 2021
News
  Jan 07, 2022

Electric vehicle sales in India grows to 240% in December 2021

A report by JMK Research and Analytics claims that overall EV sales in December 2021 clocked 50,866 units, recording a 240 per cent YoY jump from the number recorded in December 2020.

Omicron may affect demand for vehicles in India: Acuite
News
  Jan 07, 2022

Omicron may affect demand for vehicles in India: Acuite

The reimposition of restrictions due to the rise in Covid cases is expected to impact demand for automobiles, especially for passenger vehicles and two-wheeler, according to ratings agency Acuite.

Maharashtra, early-bird benefits, electric vehicles
News
  Jan 06, 2022

Maharashtra, early-bird benefits, electric vehicles

Disruption in the global supply chain has opened up opportunities for large-scale manufacturing in India, aided by significant policy initiatives.

Hyundai to speed up electric vehicle production in 2022
News
  Jan 06, 2022

Hyundai to speed up electric vehicle production in 2022

Hyundai Motor Group will speed up its electrification strategy in 2022, after the successful launch of the first electric vehicle (EVs) for each brand, including Ionic 5, EV6 and Genesis' GV60, in 2021.

Auto companies expect 2022 sales to be higher than 2021
News
  Jan 06, 2022

Auto companies expect 2022 sales to be higher than 2021

Kumar Rakesh, senior automobile and technology analyst at BNP Paribas India, said that, raw material prices are stabilizing and price hikes would positively impact the margins of automakers.

Early bird benefits for Maharashtra EV buyers extended till March 31, 2022
News
  Jan 06, 2022

Early bird benefits for Maharashtra EV buyers extended till March 31, 2022

Maharashtra has extended the valid term for early-bird benefits on selected variants of electric vehicles (EVs) till March 31, 2021.

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