The 2024 budget has introduced several changes with significant implications for the automotive ecosystem. Ashish Bhatia looks at the positive aspects and areas that could have been addressed. The automotive ecosystem, encompassing and not limited to vehicle manufacturers, component suppliers, and logistics providers, stands to benefit from several budgetary measures. Taxation and Incentives The budget has streamlined tax structures and[Read More…]
The Vote On Account or the Interim Union Budget 2024-25 gave signs of what’s to come for the auto industry in the Full Budget, writes Ashish Bhatia. The Vote On Account or the interim Union Budget attempted to sustain the momentum from the Union Budget 2023. It surpassed the previous CapEx outlay at 3.3 per cent of the GDP when[Read More…]
The students of Mahindra University Hyderabad developed adaptive V2V chargers using bidirectional converters, and claimed to enhance EV charging flexibility, writes Richa Tyagi. In today’s age, there is an ongoing debate on the usage of fossils and their alleged significant contribution to carbon emissions. With the transportation sector known to be the second largest consumer of fossil fuels, to restore[Read More…]
Automotive electronics, critical to modern vehicle success, face challenges that require innovative solutions like simulation to ensure reliability, safety, and compliance, writes Sudheer Reddy, Sales Director, Ansys Software Pvt. Ltd. The automotive industry is in the middle of a technological revolution driven by quick technological advancements, evolving regulatory requirements, and changing consumer demands. With the growth of Electric Vehicles (EV),[Read More…]
ICRA projects that the capex for EV components could surge. Ashish Bhatia with Riya Yerunkar look at the forces driving the Rs. 25,000 crore surge over the next three to four years. In recent years, India’s automotive industry has undergone significant changes due to government interventions and new compliance regimes. The, heightened consumer awareness, and the ongoing innovations with an[Read More…]
At the 15th Edition of Apollo CV Awards 2024, Kevin Kelly, Director at MarketsandMarkets Research Pvt. Ltd. put the spotlight on new CV business models on the horizon. Ashish Bhatia shares the holistic approach for the industry’s consideration. The 15th edition of the Apollo CV Awards in 2024 not only celebrated the excellence of the Commercial Vehicle (CV) industry but[Read More…]
In 2008, Volvo Group and Eicher Motors embarked on a transformative journey, forming a joint venture named VE Commercial Vehicles Ltd. Their shared ambition was to establish VECV as an industry leader, propelling modernisation in the commercial vehicle industry in India and across the developing world. Eicher Motors, with its illustrious legacy, has consistently been a catalyst for innovation.[Read More…]
The 63rd ACMA Annual Summit had the automotive industry stakeholders reset their goals. Ashish Bhatia points out the influencing factors that played out this year. It’s an annual ritual to reset expectations at the ACMA Annual Summit and the 63rd edition was no different. With stakeholders of the automotive components industry and Original Equipment Manufacturers (OEMs) in attendance, as one.[Read More…]
Manufacturing processes have come under a scrutiny lens again! Ashish Bhatia looks at the changes globally, influencing a re look for the better. Shopfloors and processes underwent significant changes in the aftermath of COVID-19 and supply-chain bottlenecks taught more than a thing or two. Even as manufacturers did well to hedge themselves against over-dependencies, with heavy investments to introduce[Read More…]
Avnet gives a preview of its future roadmap as part of the Silver Jubilee celebrations. Deven Lad with inputs from Shashi Kumar looks at the promising headroom. Technology distribution and solutions provider Avnet marked its silver jubilee celebrations with a showcase of the latest initiatives at the company. The company celebrated its 25th anniversary in India and took the[Read More…]
