Auto Makers

Last Updated: April 12, 2023, 02:30 ISTCanada has been making a big push into batteries for electric vehicles, touting tax incentives, bountiful critical minerals and clean energy to attract auto makers. (Image: Reuters File)The complex "will be a high-volume manufacturing hub for North American EV productionFord announced an investment of Can$1.8 billion (US$1.3 billion) Tuesday to retool its Canadian assembly plant in Oakville, Ontario to make electric vehicles and batteries for the North American market.The complex…

As the exodus of Western carmakers narrows options for Russian consumers, Chinese automakers are filling the gap, forcing Russians to overcome their reluctance to embrace Chinese brands and stomach higher prices.Chinese brands such as Haval (601633.SS), Chery and Geely (0175.HK) now account for almost 40% of Russia’s new car sales, data from analytical agency Autostat and consulting company PPK showed, up from less than 10% in January-February of 2022, pouncing on the opportunity left by the exit of firms such as Renault…

Reducing dependency on other countries for importing components will revolutionise electric vehicles segment in the country; localisation needs to take place, exhibitors at the Auto Expo Components 2023 told News18.According to them, the dependency will be reduced only when the Indian manufacturers can produce exactly similar quality and technologically advanced products for EVs, while automakers will put their confidence in local vendors instead of overseas suppliers.The centre has urged domestic automakers to reduce…

The government on Thursday assured the automobile industry that it is ready to act on demands that are equitable and in line with public policy. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said that the government has to look at the demands from all angles. “Government is ready to listen. Please come to us and tell your problems…If your demands are equitable, trust me, we will move at equal pace with you,” Jain said here at the annual session of the Society of Indian…

Amid renewed public debate over road safety after the tragic death of Cyrus Mistry, Union Road Transport and Highways minister Nitin Gadkari on Thursday asked automobile manufacturers to be quality centric and not cost-centric. Speaking at the 62nd annual session of the Society of Indian Automobile Manufacturers (SIAM), he said automobile manufacturers must adopt new technology to reduce costs, provide more comfort to customers, reduce imports and increase exports. “I tell my friends in the automobile sector that you…