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.
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.
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.
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.
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.
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.
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.
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.
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.