CE industry seeks budget support for ‘Vision Plan 2030’ to make India manufacturing and export hub, Auto News, ET Auto

CE industry seeks budget support for ‘Vision Plan 2030’ to make India manufacturing and export hubNew Delhi: The US$six.five billion Indian Building Gear Sector, an enabler of Infrastructure enhancement in the place and the driver of the INR 111 lakh crore Countrywide Infrastructure Pipeline (NIP), has the prospective to come to be a production and export hub of the globe if the right conducive plan atmosphere and support is provided by the Authorities.

The Union Finances FY21-22 is very crucial from the point it has to devise a “recovery and expansion path” for the economic system recovering from the impression of COVID-19. The Indian design gear (CE) business, in its ‘Vision Program 2030’ which was

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Taiwan ministry says TSMC will prioritise auto chips if possible, Auto News, ET Auto

The ministry said it would wait until it had received the letter before deciding on whether to contact TSMC again.
The ministry stated it would wait around until eventually it experienced gained the letter in advance of selecting on whether to make contact with TSMC once again.

TAIPEI: Taiwan Semiconductor Production Co Ltd (TSMC) will prioritise output of vehicle chips if it is ready to even more enhance capacity, Taiwan’s Economics Ministry stated on Monday following Minister Wang Mei-hua spoke to senior firm executives.

The ministry stated TSMC experienced informed them on Sunday they will “optimise” the output system of chips to make it far more productive and prioritise vehicle chip output if it is ready to even more enhance

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Scrappage policy approved for Govt, PSU vehicles; to come into effect from April 2022, Auto News, ET Auto

Apart from curbing pollution, the proposed policy is aimed to create new demand stimulus in the auto sector which has been severely hit by the pandemic.
Aside from curbing air pollution, the proposed coverage is aimed to create new desire stimulus in the automobile sector which has been seriously hit by the pandemic.

New Delhi: The Union Minister for Highway Transport and Highways Nitin Gadkari on Monday authorized the coverage of scrapping of Govt office and PSU motor vehicles more mature than 15-years, to be successful from April one, 2022.

“The Minister… authorized the coverage of deregistration and scrapping of motor vehicles owned by Govt office and PSU, which are over 15 years in age. It is to be notified, and will appear into effect from

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Pawan Munjal, Auto News, ET Auto

Hero has renewed its focus on the premium segment and would bring almost two-third of its products in the new portfolio of ‘Scooter and Premium Products’, Munjal said.
Hero has renewed its aim on the high quality phase and would provide just about two-third of its items in the new portfolio of ‘Scooter and Quality Products’, Munjal reported.

New Delhi: Hero MotoCorp is shaping into a diverse two-wheeler business with designs for about 50 disruptive mobility solutions and for crossing the manufacturing concentrate on of two hundred million units before 2030 as envisaged by its chairman and CEO Pawan Munjal.

Hero MotoCorp will be the to start with Indian auto business to achieve this ambitious milestone and this “inspires us to do additional and superior and even larger

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Society of Manufacturers of Electric Vehicles calls for rejig of FAME II or reintroduction of FAME I, Auto News, ET Auto

FAME II is the expanded version of FAME India I (Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) which was launched on April 1, 2015, with a total outlay of Rs 895 crore.
FAME II is the expanded variation of FAME India I (Faster Adoption and Production of (Hybrid) and Electric Autos (FAME) which was released on April 1, 2015, with a overall outlay of Rs 895 crore.

New Delhi: Ahead of the future Union Funds, Modern society of Producers of Electric Autos (SMEV) has asked Finance Minister Nirmala Sitharaman to both rejig the FAME II scheme or reintroduce FAME I, expressing the programme intended to market EVs in its next avatar has been in a position to realize a lot less than ten for each cent of its concentrate on.

The Rs

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Honda E and N-One race cars teased for 2021 Tokyo Auto Salon

Honda has teased a couple of strange race cars in advance of the 2021 Tokyo Car Salon. Honda claims it wanted to make level of competition machines with a “amusing” topic. The plan can be discussed as “silly tips taken very seriously,” but some thing may possibly be dropped in the translation on Honda’s web site, which reassures us, “It truly is ok to be silly. Why not try out it for actual?”

With that mission assertion in place, Honda’s 1st work is the e-Drag, a Honda e repurposed for drag racing. “Electrical cars usually are not just for staying

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Trump China chip policy didn’t help auto shortage – report | Automotive Industry News

A world-wide scarcity of semiconductors which has led to automakers all over the world shutting assembly lines has, in some situations, been exacerbated by the outgoing Trump administration’s actions versus important Chinese chip factories, industry officers advised Reuters.

The scarcity, which caught a lot of the industry off-guard and could continue on for numerous months, is now producing Ford, Subaru, and Toyota Motor to curtail US generation, the news agency reported on Friday (fifteen January).

Other automakers afflicted include things like Volkswagen, Nissan Motor and Fiat Chrysler Vehicles.

Reuters mentioned the troubles stemmed  from a confluence of components as automobile

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Tata Motors plans series of ‘affordable’ e-vehicles, Auto News, ET Auto

Tata Motors plans series of ‘affordable’ e-vehiclesNEW DELHI: In 1 of the most ambitious strategies made all over electric powered mobility and affordability, homegrown car giant Tata Motors has mentioned that it strategies to cost its environmentally friendly vehicles at “not additional than 15-20% premium” to traditional petrol/diesel vehicles, whilst supplying a battery array at minimum in excessive of 200km on a one cost.

The assertion comes just as Tata Motors drives on a route of resurgence in the Indian passenger vehicles industry, generating considerable gains in share in just about a yr. Driving superior on healthful demand from customers for products and solutions these as

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Mercedes-Benz India lines up 15 launches to bounce back in 2021, Auto News, ET Auto

Mercedes-Benz India lines up 15 launches to bounce back in 2021NEW DELHI: India’s biggest luxurious carmaker Mercedes Benz India has lined up 15 launches in 2021 to bounce back from its forty two.seven% income tumble in 2020 owing to COVID-19. In 2020 the firm marketed only seven,893 vehicles in India in opposition to 13,786 units in 2019.

Nevertheless, the firm recorded forty% income development in the previous quarter of 2020 at two,886 units in contrast to two,058 units in the previous quarter. “We are notably contented with the potent This fall functionality registering forty% development in excess of Q3,” Martin Schwenk, handling director and CEO, Mercedes Benz India, mentioned.


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Auto industry expects Budget 2021 to deliver a game changing super over, Auto News, ET Auto

Removal of restrictions to avail the input tax credit of GST paid on automobiles for businesses would make automobiles cheaper when used for business purposes, besides fulfilling the basic intention of GST to eliminate cascading of taxes.
Removal of limitations to avail the enter tax credit score of GST paid out on cars for businesses would make cars less expensive when utilized for business enterprise purposes, besides satisfying the essential intention of GST to eliminate cascading of taxes.

For the automotive field, 2020 has been identical to the a short while ago drawn India-Australia Sydney match. Thanks to multiple player accidents and an evidently difficult predicament, experts had composed off India’s probabilities to help save the match.

The auto field was also strike by the novel COVID-19 and a ton of businesses struggled to cope up. But

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Can PLI Scheme reboot the manufacturing sector in India?, Auto News, ET Auto

Some additional steps are essential to further power the ambition of USD5 trillion economy.
Some extra ways are necessary to more electricity the ambition of USD5 trillion economic climate.

By Adil Zaidi

It has been observed about the several years that the major Asian powerhouses these types of as China, Korea, amongst others, focussed on the producing-dependent field and turned a crucial part of the world wide benefit chain in different sectors. This focus helped them provide in extra investments, crank out work and come to be export-oriented economies.

Nevertheless, India, which was extra targeted on the agriculture and expert services sectors, could not match its peer countries’ scale of producing and work. With

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Tata Motors’ CEO’s term ends next month, no word on reappointment, Auto News, ET Auto

Guenter Butschek, CEO and MD, Tata Motors
Guenter Butschek, CEO and MD, Tata Motors

MUMBAI/CHENNAI: The spotlight will be on Tata Motors’ CEO and MD Guenter Butschek whose five-yr time period will come to an end upcoming month.

There has been no term on whether the German, who has been taking care of the functions of Tata Group’s car flagship from Austria — wherever his relatives is based — for the earlier 11 months, will seek out a reappointment for an additional five many years. In accordance to sources, he is reaching Mumbai on Thursday.

When requested whether Butschek will stay for a next time period, Tata

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Passenger Vehicle sales up by 14.59% in December 2020, Auto News, ET Auto

Passenger Vehicle sales up by 14.59% in December 2020New Delhi: December 2020 introduced some cheer to the carmakers as the passenger automobile segment posted a double-digit growth of 13.59% at 2,fifty two,998 models in comparison to 2,22,728 models in the similar thirty day period very last yr, according to the numbers shared by Society of Indian Car Companies (SIAM)

It is to be observed that there is the lower foundation result of very last yr as most of the automakers were being making a lot less and decreasing inventory at dealerships to transit to BS-VI norms.

In December, over-all two-wheeler sales rose by 7.forty two% to 11,27,917 models

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Automakers firm up growth plans for 2021 with cautious optimism, Auto News, ET Auto

(Representative image)
(Representative image)

NEW DELHI: With 2020 last but not least in excess of, various foremost automakers are now looking to carry on with their designs in 2021 even as various worries like offer chain troubles nevertheless proceed to impact the marketplace.

Though Kia Motors is looking to ramp up creation, Toyota is all established to convey in new items and Hyundai aims to carry in excess of its technique of bringing in industry-1st innovations to the marketplace.

“As we shift into the subsequent 12 months, we will glimpse at operating 3 shifts at our producing plant to fulfill the increasing

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Tata Motors posts 24% growth in domestic sales at 150,958 units in Q3FY21, Auto News, ET Auto

Tata Motors PV Business has been witnessing a strong response for its ‘New Forever’ range, which is being supported by the continuous ramp-up of supplies.
Tata Motors PV Enterprise has been witnessing a solid response for its ‘New Forever’ vary, which is currently being supported by the continual ramp-up of provides.

New Delhi: Homegrown automaker Tata Motors on Friday registered 24% expansion in automobile product sales in the domestic current market at 150,958 units in Q3 FY21. Domestic product sales stood at 121,463 units in Q3 FY20.

For the certain month of December, the firm claimed a 21% raise in domestic product sales at fifty three,430 units as when compared to the identical month final 12 months when it marketed forty four,254 units in the

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Bajaj Auto becomes first two-wheeler company to cross INR 1 lakh crore market cap, Auto News, ET Auto

Bajaj Auto achieved this milestone as it celebrates the 75th year of its operations.
Bajaj Vehicle realized this milestone as it celebrates the seventy fifth yr of its operations.

New Delhi: Homegrown bike manufacturer Bajaj Vehicle has claimed to be the to start with two-wheeler firm globally to cross a sector capitalization of INR 1 lakh crores on Friday.

The share selling price of Bajaj Vehicle Ltd, shut 1% larger at INR 3479 for each share on NSE these days generating its sector capitalization INR 100,670.seventy six crores at this selling price.

“A sector capitalization of in excess of INR one lakh crores has not been realized right before by any global two-wheeler firm

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Mahindra-Ford second marriage too fails?, Auto News, ET Auto

ETAuto Opinion: Mahindra-Ford second marriage too fails?
New Delhi: Mahindra has accomplished it all over again. Right after shying absent from fifty percent a dozen joint ventures, it has broken the most up-to-date one with Ford Motor of the US to keep away from as well considerably tension on the scarce resources and target on its main toughness of SUVs.

The bigger problem arises on the Mahindra & Mahindra’s (M&M) abilities to carry ahead its joint-ventures and take care of the companions. In point, Ford partnered with M&M in 1996-97 to start its Escort sedan that bombed in the Indian market. While the enterprise was identified as

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Magnite with 30K bookings redrafts Nissan’s destiny in India, Auto News, ET Auto

Magnite with 30K bookings redrafts Nissan’s destiny in India
New Delhi: A yr back, Nissan Motor, one of the main Japanese carmakers, was on the verge of collapse in the Indian current market. It was composed off and was fading into oblivion. But now almost everything has adjusted and adjusted completely with Magnite, its all-new SUV.

With Magnite in its arsenal, it has above thirty,000 confirmed bookings from consumers throughout India. The sub-5-lakh SUV is orchestrating a strategic turnaround for Nissan in spite of the pandemic woes. This is vital for a company that could offer only 5,448 vehicles in the very first 8 months of the ongoing fiscal.

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December redefines auto sales with robust demand, Auto News, ET Auto

Representative Image
Consultant Graphic

NEW DELHI: Income are surging. Indian passenger car or truck market registered a reliable double-digit growth at 18% in the previous month of the most distressing year for the automotive market. The rise in need for safer and own mobility, new launches, and a minimal foundation thanks to BS-IV destocking previous year helped passenger cars to post positive growth for the fifth straight month in December.

In accordance to market veterans, it is still extremely early to conclude that the passenger car or truck section has recovered from previous December as most carmakers begun destocking inventory at dealerships,

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Toyota previews 2021 Tokyo Auto Salon lineup

Toyota has unveiled section of its 2021 Tokyo Automobile Salon lineup. The aftermarket extravaganza has been canceled thanks to a spike in COVID-19, but the cars and trucks are all set and waiting around.

A vivid yellow GR Supra headlines this initial batch, showing off some new effectiveness bits from Gazoo Racing. It is fitted with a dampened brace established for front and rear. Basically, they stiffen up the unibody like a conventional strut tower brace, but are dampened to take up some of the jarring forces that can harshen the trip. Toyota suggests they enable enhance the steering feel’s

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