1. India auto production to shrink by 8.3 pc in 2020; coronavirus spread may hit supply chain: Fitch
Fitch Solutions on Wednesday said it expects vehicle production in India to contract by 8.3 percent in 2020 as the auto industry faces increasing risk of a supply shortage due to China’s coronavirus outbreak, possibly hitting domestic output if the virus spreads in the country.
2. Maruti Suzuki to aggressively push exports, eyes 20% of complete manufacturing from world markets
Maruti Suzuki will utilize extra capability at its third manufacturing line for 250,000 vehicles in Gujarat to pursue exports aggressively, its managing director Kenichi Ayukawa has mentioned. The Indian subsidiary of Japanese carmaker Suzuki had for lengthy muted its ambition for exports as assembly native demand was its precedence.
3. ABB India bags traction device orders worth Rs 191 crores
ABB India has bagged Rs 191 worth orders for traction devices and industrial drives, to be supplied to Chittaranjan Locomotive Works (CLW) and Megha Engineering & Infrastructures Limited (MEIL) respectively, informed the company in a release on Wednesday.
Auto Components & Accessories
1. Lumax Group to invest over $150 million, eyes inorganic opportunities in automotive plastic parts
Auto-components maker Lumax is looking at acquisitions and partnerships to log double-digit growth as it seeks a billion dollar in sales, even as the automotive industry takes a distinct turn toward the electric powertrain.
2. SIAM concerned China crisis may hit components supply
The Indian automotive industry is apprehensive about coronavirus outbreak disrupting component supplies from China, but a clear picture will emerge only in the next few days after factories in the country reopen, SIAM said on Monday.
1. Govt Issues Advisory to States/UTs to Register Vehicles on the Basis of Valid Documents
Taking note of delays in registration of vehicles in some states due to inspection of the model despite valid documents, the Centre on Monday asked the states and UTs to register automobiles as per the rules under the Motor Vehicle Act.
2. Government To Frame Efficiency Parameters To Help EV Battery Swapping
According to a report by the Economic Times, the government will frame efficiency parameters for batteries powering electric vehicles (EVs) soon. The report said that a high-level panel has been set up under the Bureau of Energy Efficiency.
3. Govt moving fast on EV adoption despite disappointing Budget
Even as the Budget 2020-21 disappointed over the lack of any new scheme for faster adoption of electric vehicles, the government is moving at a fast pace to complete the full-scale electrification of transportation in the country.
1. Sales of electric two and three-wheelers to see a huge improvement by 2024: Crisil
Around 43-48 percent of new three-wheelers and up to 17 percent of the new two-wheelers sold in the country by 2024 could be electric vehicles (EVs), a report by Crisil Research said.
2. Delay in delivery of M&M’s BS-IV vehicles likely, says Goenka
The deadly coronavirus outbreak in China might delay the delivery of BS IV-compliant vehicles, said Mahindra & Mahindra’s managing director, Pawan Goenka. This disruption in supply of components could be a cause for worry for India’s automotive industry.
3. Ola hopes to unseat Uber in London with launch offers for drivers and riders
In July 2019, the Bengaluru-based company had received a 15-month licence to operate in the city. It has been operating in the United Kingdom for a year-and-a-half now, with a presence in 28 cities. “Ola has over 25,000 drivers registered on the platform, bringing scale to its London offering immediately,” the company said in a press release today.
Four Wheelers & Two Wheelers
1. Fifth-Gen Honda City Teased
The 2020 Honda City will be finally coming to India in the next couple of months. The City is in its fifth-generation now and it’s an evolution over its predecessor. Now the City has been already revealed in China and going by the teaser image, the India-spec model won’t be much different.
2. Maruti Suzuki Jimny At Auto Expo 2020
The fourth-gen Maruti Suzuki Jimny has finally arrived in India, albeit only as a showcase to ‘assess the response of Indian customers’ at the ongoing Auto Expo 2020. The Jimny is renowned for its robustness and off-roading capabilities despite its small size. While most global markets get the Jimny in its three-door avatar, as showcased, India would get a more conventional five-door version of it by 2021.
3. Made-In-India Mahindra E-Ludix Electric Scooter Debut At 2020 Auto Expo
The e-Ludix is the fully-electric version of the 50 cc Ludix ICE scooter. The electric scooter is manufactured by Mahindra Two Wheelers Ltd (MTWL) in India, and exported to the French market where it is retailed by Peugeot Motorcycles; which is Mahindra & Mahindra’s subsidiary. Now, the homegrown manufacturer is planning to bring the Peugeot e-Ludix to India and has officially debuted the electric scooter at the ongoing 15th edition of the Auto Expo.
1. General Motors Korea to suspend assembly line as virus hits parts supply
The biggest US car company General Motors was caught up on Wednesday in the supply chain disruptions caused by the coronavirus in China when it’s South Korean unit announced a partial suspension of operations next week.
2. Coronavirus: Tata Motors extends JLR China plant shutdown
Jaguar Land Rover Automotive Plc, the luxury car unit of Tata Motors Ltd, has extended the shutdown at its manufacturing unit in China amid concerns over the coronavirus outbreak.
3. Oil prices rise as new virus cases slow, easing Chinese demand concerns
Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world’s second-largest oil consumer.53