Top Indian Automobile Industry News & Updates - 28 Sep 2023,Thursday

🏢 Industry

Now, Tesla rival VinFast looks to make in India
Vietnamese electric vehicle maker VinFast Auto – a deemed Tesla rival that emerged as the world’s third most valuable carmaker last month – is mulling setting up a manufacturing unit in India, multiple people aware of the development told ET.
We will be establishing contact with Tesla at appropriate time: Gujarat official
The Centre is in touch with US-based electric vehicle maker Tesla to consider setting up a manufacturing facility in India and Gujarat will approach the company at an appropriate time to ensure the state has a significant role in the future plans, a senior state government official said. Gujarat's Additional Chief Secretary (Industries and Mines Department) S J Haider said that the state is in touch with all likely investors.
India should move to ethanol or hydrogen cars instead of electric cars: Maruti Chairman
The carbon footprint of electric cars in India would be much bigger than that of hybrid cars because in the country, 75 per cent of the electricity is made from coal, according to R.C. Bhargava, the Chairman of Maruti Suzuki Ltd. He made the remarks while addressing the 50th National Management Convention organised by All India Management Association (AIMA).
 
How generative AI is making a move in the global automotive world
New Delhi: As the automotive industry is leveraging the new technologies, companies which are now using autonomous systems and ADAS features, are adapting artificial intelligence (AI) and machine learning (ML) in areas like ADAS, manufacturing facilities, and even supply chain systems. Going forward, generative AI is expected to become a game changer.
Musashi India, Delta, and Toyota Tsusho form JV to produce, sell drive units for E2Ws
Musashi holds a 51% investment share in this JV, followed by 34% by Delta and 15% by Toyota Tsusho.
Rapido to enter four-wheeler aggregator segment soon
Bengaluru: Rapido, the bike taxi aggregator and logistics service provider, is gearing up to venture into the four-wheeler segment, which is dominated by industry giants such as Uber and Ola Cab.
MotoGP event saw 1 lakh visitors, business worth INR 933 cr: UP govt
"The high-end preparations including hospitality, security arrangements, connectivity at MotoGP Bharat resulted in gathering of more than one lakh people from India and around the world at the Buddh International Circuit in Greater Noida for the much-anticipated event hosted by India for the first time," the Uttar Pradesh government said.
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🎤 Interviews & Features

2024 Hyundai Creta caught testing: What to expect
The Hyundai Creta facelift has been a hot topic for a while now and finally, the updated mid-size SUV has been spotted testing. Scheduled to launch early next year, the Hyundai Creta facelift gets visual as well as mechanical updates, while also getting ADAS.
Cleantech for India’s Mobility Landscape
The cleantech revolution in India’s mobility landscape presents an opportunity across industries. The automotive sector stands to gain the most traction, with mature technologies like Electric Vehicles (EVs) and the corresponding charging infrastructure are at the forefront. As per data from Vahaan, FY 22-23 saw 11,83,198 EV registrations – the highest we have ever had. Roughly 61.5% of these were of 2 wheelers, which confirms a long-standing assumption that the Indian EV wave will continue to be catalysed by this segment due to price equalisation and lower ticket sizes. The Indian government’s drive towards electric mobility with FAME I and FAME II has certainly catalysed the adoption of EV, despite its recent revision after violations were noticed. Similarly, as per Bureau of Energy Efficiency’s data, a total of 6586 Public Charging Stations (PCS) were operational in the country as on 21st March, 2023, which will only grow exponentially with rise in both commercial and passenger vehicle adoption.
Shyam Metalics expects to start commercial production of battery-grade aluminium foil from Q2 next year: Sheetij Agarwal
Shyam Metalics and Energy Limited has forayed into the energy storage sector and will manufacture battery-grade aluminum foil, a critical component in lithium ion cells. Sheetij Agarwal, Head- Business Excellence and Strategy, Shyam Metalics, says “for every one gigawatt hour of lithium-ion battery capacity that will come up, cell manufacturing capacity, there would be over 350 tonnes of aluminium foil would be required. ”
Schaeffler says hydrogen as a fuel may be a potential disruptor
Schaeffler Group has been investing in new technologies to future-proof itself. In India, too the company has been working closely with traditional as well as new-age companies to support their future plans. Speaking to Financial Express Online, the India MD highlights that electrification does have certain limitations and this is why hydrogen as a fuel alternative could be a potential disruptor.
Smarter tech set to take over
Not that humans are becoming any less intelligent, but machines are getting smarter in a way that most of us could not have imagined earlier. Artificial Intelligence (AI) is almost a rage across many sectors. A senior executive at Amazon Web Services recently shared during a presentation that Generative AI could increase global GDP by 7% in the next 10 years.
2024 Kia Sonet facelift exterior, interior leaked– new features added
Kia launched the Sonet in 2020 and the Korean carmaker is now readying a facelifted model of the same. The updated Sonet is due for a launch in the coming months, possibly in 2024. Ahead of its debut, the facelifted subcompact SUV has been spotted testing on roads on multiple occasions in recent times.
No country can match India's potential for growth in car market: RC Bhargava, Maruti Suzuki
India is the only country which has still a lot of distance to go before the market becomes saturated. It is for this reason that in the last 15-20 years almost every car manufacturer in the world has found its way into India. And those who have not come are looking to come now, because they think that the changing technologies and requirements give them an opportunity which they might have missed earlier.
Looking to reduce long-term debt by another 25% to 30% by FY-26: Anuj Kathuria, JK Tyre
"The demand is looking great especially both in the passenger car as well as in the commercial vehicles. So once the demand is there, I think so the price levels definitely sustain," says Anuj Kathuria, President (India), JK Tyre.
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🚗 Cars / SUVs

Toyota plans third India plant, new SUV as domestic sales surge
Toyota Motor plans to build a third car plant in India, expanding production capacity in the country for the first time in over a decade as its partnership with Suzuki Motor boosts domestic volumes, two sources said.
Top 5 most affordable cars with dashcam
Technology and the customer are the king. This is the reason we see tons of new features getting introduced in automobiles. Have vehicles become big smart devices on wheels? Well, that is a discussion for another day. Now, one may say that most functions are a gimmick and end up increasing the price of a vehicle. On the other hand, some new features are critical when it comes to safety like recording vandals from breaking into your vehicle or even helping you prevent insurance fraud. We are talking about the dashboard camera. Here’s the following list. 
Mahindra Scorpio accident with one youth dead: Company explains why airbags didn't open
Recently, reports of a case that had been registered against Mahindra & Mahindra Chairman Anand Mahindra and 12 other employees of the company in Kanpur, Uttar Pradesh surfaced on the internet. The case was filed by a customer Rajesh Mishra, who alleged that the Mahindra Scorpio he had purchased for his son was missing airbags. On January 14, 2022, Apoorv, Rajesh Mishra's son, was returning from Lucknow when he met with an accident and died because the airbags in the SUV didn't deploy. Mishra alleged that the Scorpio car had no airbags installed.
 
Bollywood actor Ranveer Singh buys Toyota Fortuner Legender SUV. Check its price
Ranveer Singh's video with the new Toyota Fortuner Legender SUV went viral on social media. He was seen stepping into the backseat of the black Fortuner Legender while driving out. This SUV is currently the most affordable car in Ranveer Singh's garage, replacing his old Maruti Ciaz sedan. The SUV bears the 6969 registration number which features in other cars owned by the actor.
Hybrid vehicles cleaner than EVs: Bhargava
New Delhi: India Cannot Achieve carbon neutrality by relying solely on electric vehicles (EVs) as 75% electricity in the country continues to be generated through coal, Maruti Suzuki India chairman RC Bhargava told FE on Wednesday. He said that carbon foot-print of hybrid vehicles is lower as batteries in EVs are charged using electricity generated through coal. However, in hybrid vehicles, the battery gets charged by petrol, which is cleaner than coal.
Kia Seltos, Carens prices to increase from Oct 1
Kia will be hiking prices of the recently updated Seltos and Carens in India from 1 October, 2023. This comes slightly as a surprise since OEMs usually announce benefits and discounts during this period of time, considering the festive season when automobile sales are the maximum.
Officials in states continue to function like licence raj days, says Maruti Suzuki chairman
However, despite saying that the Indian government has introduced a lot of positive reforms in favour of easiness of doing business, the results are yet to be seen, said Bhargava. "All designed to make it easier to do business in India and to be more competitive in manufacturing. Unfortunately, the results are not yet apparent," he reportedly said.
Honda Elevate SUV gets multiple accessories and packages. Details here
Here are the accessory packages detailed below.
KODA AUTO Volkswagen India net profit up 49% in FY23 at Rs 309.5 cr

The company had posted a net profit of Rs 208.34 crore in the fiscal ended March 31, 2022.
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Electric-Cars / SUVs

Kia India's first green workshop for cars is solar powered; recycles 100% of water
 The OEM has set a target to open 150 such workshops by 2026. As per the company's initial plan, these facilities will cover even the Tier III and IV markets alongside metro cities and Tier 1 and 2 markets. “The opening of our first green workshop in Rohtak is a big move towards making Kia India a leading voice in sustainable mobility," said Myung-sik Sohn, Chief Sales and Business Strategy Officer, Kia India.
With six EVs, 20% of Maruti Suzuki's sales will be purely electrified by 2030: RC Bharagava
 Maruti Suzuki showcased the eVX concept at the Auto Expo 2023, which previewed a compact electric SUV. Maruti Suzuki claimed that upon launch this electric SUV would promise up to 550 km range on a single charge. The concept EV was showcased in February this year, measuring 4,300 mm long, 1,800 mm wide, and 1,600 mm tall. Expect the production version of this EV concept to debut in 2025.
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🚗 Luxury Cars

New-gen Mercedes-AMG GLC 63 S E Performance, GLC 43 Coupe SUVs make global debut
The Mercedes-AMG GLC 63 S E Performance packs 671 bhp and 1,020 Nm from its hybrid engine and has an electric driving range of 12 km
New-gen Lexus LM bookings cross triple digits ahead of launch this year
The 2023 Lexus LM gets a 48-inch widescreen with the four-seater version boasting captain seats with adjustability and massage function
Limited edition luxury: Mercedes-AMG G 63 'Grand Edition' debuts at Rs 4 cr price tag & 4.0-litre V8 engine; only 25 units available in India
Revving up the Indian automobile market, Mercedes-Benz India has unveiled its latest luxury SUV, the AMG G 63 Grand Edition, captivating the attention of automotive enthusiasts with its exclusive features and commanding road presence.
Mercedes-Benz India launches exclusive AMG G 63 'Grand Edition' starting at INR 4 cr
New Delhi: Mercedes-Benz India has unveiled the limited-edition AMG G 63 'Grand Edition,' catering exclusively to the Mercedes-Maybach, Mercedes-AMG, and S-Class customers. Only 25 units out of the global production of 1,000 will be allocated to the Indian market, with deliveries set to commence from Q1 2024. This limited edition luxury SUV is set to be priced starting at INR 4 crore.
 
Mercedes-AMG G 63 ‘Grand Edition’: Rs 4 crore is not all you need to get one
Mercedes-Benz India has launched the limited-run AMG G 63 ‘Grand Edition’ in India at a starting price of Rs 4 crore. However, having a hefty bank balance is not the only thing that will get you this ultra-rare luxury SUV. The 25 units of the Mercedes-AMG G 63 Grand Edition that are brought to the Indian market will be available for exclusive allocation only for existing Mercedes-Maybach, Mercedes-AMG, and S-Class customers only.
 
BMW iX1 electric SUV to launch tomorrow: Price expectation, range, features explained
BMW iX1 variants:
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🏍 2/3 Wheelers

HMSI launches ‘Activa Limited Edition’ at INR 80,734
New Delhi: Honda Motorcycle & Scooter India (HMSI), the country’s largest scooter manufacturer, Wednesday introduced the Activa Limited Edition priced at INR 80,734 (ex-showroom, Delhi). It promises an unmatched package of sophistication with functional design and superior riding experience. Bookings are now open and it will be available at all Honda Red Wing dealerships across the country for a limited period, the company said.
Bajaj Pulsar to join 400cc club: NS400 launch in 2024
In a recent interaction with a publication, Rajiv Bajaj, Bajaj Auto CEO, confirmed the launch of the biggest Pulsar ever, but didn’t disclose any specific details regarding the motorcycle. We earlier assumed that the upcoming flagship Pulsar will cater to the 400cc segment and looks like our prediction has come true.
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🚲 Electric 2/3 Wheelers

Ola's MoveOS 4 to come with Tamper Alert. Details
The Tamper Alert function will work by showing a warning on the screen when it detects a movement of the scooter while it is locked. Then the electric scooter will send a notification to the owner's phone through the Ola Electric application. The owner can then track the scooter or deactivate the alert.
Revamp Moto begins production of Buddie 25 e-bike, deliveries from November
The Revamp Moto Buddie 25 has a payload capacity of 120 kg and a range of 70 km on a single charge. It gets several swappable attachments to address different requirements
Quantum Energy opens fourth dealership in Hyderabad
Quantum Energy has announced the opening of its fourth dealership facility in Hyderabad, located at H. No. 16-11-16/V/16, Prashnath Nagar Colony, Near RTA Office, Moosarambagh, Malakpet, Hyderabad, Telangana.
Electric One launches e-scooter series- E1 Astro Pro in India starting at INR 99,999
New Delhi: Electric One Energy Pvt Ltd introduced its inaugural two-wheeler series-- E1 Astro PRO - which consists of the EV scooters E1 ASTRO PRO and E1 ASTRO PRO 10, created to meet the various demands of the Indian market. The electric scooters will be retailed at INR 99,999 to 1,24,999 (ex-showroom), across all Electric One stores exclusively
Ather 450S HR electric scooter with 156 km range coming soon: Report
Electric two-wheeler maker Ather Energy is said to be working on a new electric scooter with a 156-kilometre range.
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🌇 Allied Industries

Tyre makers brace for margin squeeze as oil prices soar
Tyre stocks have been on a roll. Shares of Apollo Tyres Ltd, MRF Ltd, JK Tyre & Industries Ltd, Ceat Ltd and Balkrishna Industries Ltd have gained about 36-71% over the past one year. Tyre companies had hiked prices and input costs were softening, which together meant a sharp expansion in margins. But now, the outlook on both factors has turned adverse.
SAT quashes Sebi penalty on Apollo Tyres in 2003 share buyback case
The Securities Appellate Tribunal (SAT) Wednesday quashed the order passed by Securities and Exchange Board of India imposing a fine of ₹65 lakh on Apollo Tyres for violating norms pertaining to buyback of shares back in 2003 and directed the market regulator to refund the deposited penalty amount  within four weeks.
Mahindra clarifies why Scorpio airbags did not deploy in Kanpur accident
One person was killed in the accident which took place on January 14 last year. The victim received the Scorpio SUV as a gift from his father. The SUV hit a divider in foggy condition and overturned when the victim was on his way from Lucknow to Kanpur. The victim was killed on the spot. Later, the family approached Mahindra service centre to find out why airbags did not deploy during the incident despite the victim wearing seatbelt.
Demand for EV charger to grow at 65% CAGR by 2030
New Delhi: The domestic demand for EV chargers is likely to grow at a CAGR of 65% to reach the 3 million unit mark by 2030, according to a report. More than 17,000 units of electric vehicle (EV) chargers were sold in 2021, the joint report of Customized Energy Solutions(CES) and India Energy Storage Alliance (IESA) said.
Generative AI and all about its automotive application
Generative AI is a category of AI Algorithms that produce new outputs based upon the data they have been trained upon and the feedback that came from the earlier outputs. Generative AI produces new content in the form of audio, text, video, images, and more. The applicability of generative AI in the auto industry is there to enhance the efficiency, innovation, customer experience and a lot more.
Crucial role of thermal management in EV batteries to keep them functional, productive
EV battery modules are designed to operate within specific temperature thresholds during charging and discharging. Although cell manufacturers provide guidelines for safe operating temperatures based on extensive research and development (R&D), diverse climate conditions during usage can pose unique challenges. In countries like India, where weather conditions range from the extreme cold of sub-zero to scorching heat exceeding 50°C, maintaining batteries within the safe operating temperature becomes crucial. Most batteries are best maintained within the optimal operating points of 25°C to 30°C. Therefore, effective thermal management is imperative to ensure batteries perform at their best despite varying external conditions.
Aluminium industry hit by non-notification of RODTEP rates for SEZs & EOUs
Chennai: Aluminium industry is facing a 2%-3% bottomline pinch as a result of the government failing to notify the rates for the Remission of Duties or Taxes on Export Product (RODTEP) scheme for special economic zones (SEZs) and export oriented units (EOUs).
 
How do airbags work? The science and logic of key car safety highlight
Airbags have been use in the cars for decades. In 1973, Oldsmobile Toronado was the first car ever in which passenger airbags were installed. With this, General Motors (GM) became one of the first car manufacturers to offer airbags in its cars. Since then, airbag technology has evolved significantly becoming more efficient, reliable and safer. In many car crashes around the world, this technology has saved the lives of many people.
📝  SEBI told to refund penalty to Apollo Tyres
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🌢 Fuels, Lubricants & Charging Stations

Oil prices rebound, settle higher on worries about tight supply
Oil prices settled nearly 1% higher on Tuesday, rebounding from a slump to a two-week low in early trading as expectations of tighter supply outweighed worries that an uncertain economic outlook would crimp demand.
350 public electric vehicle charging points will be set up: NDMC
New Delhi: The New Delhi Municipal Council (NDMC) has decided to set up 350 public electric vehicle charging points, officials said on Wednesday. The NDMC, in its Council Meeting, also discussed the framing and amendment of Recruitment Rules (RRs) for different posts in the civic body.
Govt planning performance review of CGD networks, gas pipelines, petroleum product pipelines
New Delhi: India's downstream Oil & Gas regulator, Petroleum and Natural Gas Regulatory Board (PNGRB), is planning a thorough performance review of the country's City Gas Distribution (CGD) networks, natural gas pipelines, and petroleum product pipelines.
Interoperability of public charging stations important for EV proliferation
 
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📖 Magazines News

Mystery Hero Xpulse test mule spied with large-capacity engine
LED headlight, long-travel suspension on Xpulse
2023 RE Bullet 350 review: subtle differences
And even though it’s no longer one of RE’s bestselling models, this is still a very important motorcycle for the company. MD Siddhartha Lal even called it Royal Enfield’s “North Star” – the company may go in many new exciting directions with its products, but with the Bullet, it will retain its core essence.
Mercedes-AMG G 63 Grand Edition launched at Rs 4 crore
AMG G 63 Grand Edition gets 22-inch wheels
Next-gen Skoda Kodiaq sketches revealed ahead of October 4 world premiere
Source Credit: Ai+

Ahead of its global debut next week, Skoda has shared exterior design sketches of the new Kodiaq SUV. These sketches come after the company earlier shared images of the interiors and powertrain details. The second generation Kodiaq will be available in both 5- and 7-seater models.
Bajaj Pulsar NS400 launch in 2024, biggest Pulsar ever
Source Credit: Autocar India

Rajiv Bajaj recently made headlines by saying that Bajaj was working on its biggest Pulsar to date, and we now have exclusive details on what that bike will be.
Honda electric sports car concept global debut at Tokyo Motor Show
Source Credit: Autocar India

Honda will be showcasing many concepts at the Japan Mobility Show (Tokyo Motor Show) next month, with an electric sports car concept called the Honda Specialty Sports Concept being one of them.
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📰 International News

Volkswagen to temporarily cut production of two EV models due to weaker demand -spokesperson
Volkswagen will suspend production of ID.3 and Cupra Born electric cars at its Zwickau and Dresden plants in Germany in the first two weeks of October due to weaker demand, a spokesperson for the carmaker said on Tuesday.
Volkswagen hit by major IT outage, production halted in Germany
Volkswagen was hit by a major IT outage on Wednesday, causing production at the carmaker's namesake brand in Germany to come to a halt, the company said, adding that the whole group which includes the Porsche AG and Audi brands was affected.
Volkswagen terminates three-shift production agreement at Zwickau plant
Volkswagen has initiated negotiations regarding a fresh production arrangement with the workforce at its all-electric facility located in Zwickau, Germany. This development comes in the wake of the car manufacturer's decision to terminate a long-standing three-shift agreement. Volkswagen made this announcement on Wednesday.
Auto suppliers urge Biden to provide financial assistance to address strike
U.S. auto suppliers on Tuesday made a plea to President Joe Biden, calling for federal assistance to alleviate the impact on auto parts companies caused by the ongoing United Auto Workers strike against the Detroit Three automakers.
Germany halts e-cars solar subsidy programme amid high demand
This initiative, generously funded by the nation's transport ministry with a substantial budget amounting to 300 million euros (equivalent to USD 317.01 million) allocated for the current year, was designed to provide financial incentives to homeowners who own electric vehicles. These incentives were in the form of subsidies, with eligible homeowners able to receive up to 10,200 euros to facilitate the installation of a comprehensive photovoltaic system equipped with power storage capabilities and an accompanying electric vehicle charging station.
US SEC settles fraud charges against Hyzon Motors over misleading investors
The U.S. Securities and Exchange Commission said on Tuesday it settled fraud charges against Hyzon Motors of misleading investors.
Skoda teases new Kodiaq SUV, looks sharper with evolutionary design
The large alloy wheels with a new design and updated C-shaped motif in LED taillights are there among other styling elements. Keeping pace with the global trend of sleek lightbars at the tailgate connecting the taillights, the second-generation Kodiaq too would adopt this design element. Overall, the teaser sketches suggest that the design of the new-generation Skoda Kodiaq has been updated significantly.
EV maker Fisker rallies after production update, bullish analyst report
Shares of electric-vehicle startup Fisker Inc rose by more than 20% on Tuesday after the company reaffirmed its plan to increase deliveries of its flagship Ocean sports utility vehicle, and a bullish Wall Street analyst report.
How serious is Russia's fuel export ban and who will be hit?
Russia said on Sept. 21 it had temporarily banned gasoline and diesel exports to all but four ex-Soviet states in response to domestic shortages, a move that will disrupt global trade that has already had to adjust to Western sanctions on Russian fuel exports.
Biden urges striking auto workers to 'stick with it' in picket line visit unparalleled in history
President Joe Biden grabbed a bullhorn on the picket line Tuesday and urged striking auto workers to “stick with it” in an unparalleled show of support for organized labor by a modern president.
Tesla’s China exports in crosshairs of EU anti-subsidy probe
One automaker is looming larger than any other in the investigation of electric vehicles flowing into the European Union from China: Tesla Inc. During the evidence-gathering that precipitated this month’s surprise announcement of an EU anti-subsidy probe into Chinese EVs, the US carmaker was among the companies found to have likely benefited, according to people familiar with the matter.
Mitsubishi Motors to exit from China production – Report
Mitsubishi Motors has decided to end automobile production in China, and is discussing its exit with local joint venture partner Guangzhou Automobile Group, the Nikkei newspaper reported on Wednesday, without citing sources.
Italy in talks with Bavaria on gas and hydrogen exports, eyes eastern Europe
Italy is in preliminary talks with Bavaria's government to supply gas and hydrogen to the southern German state, and also aims to sell energy to Austria and Hungary, four Italian and German industry and political sources told Reuters.
This Ford vs. GM Feud Could Shape the Future of EVs in America
In June, Ford Motor Chief Executive Jim Farley pitched visiting members of Congress on the company’s plans for a $3.5 billion battery factory. Using Chinese battery technology at the Michigan plant, he argued, was a smart way for the U.S. to catch up with China’s expertise.
Hyundai and Kia recall nearly 3.4 mn vehicles due to fire risk and urge owners to park outdoors
Hyundai and Kia are recalling nearly 3.4 million vehicles in the US and telling owners to park them outside due to the risk of engine compartment fires. The recalls cover multiple car and SUV models from the 2010 through 2019 model years including Hyundai's Santa Fe SUV and Kia's Sorrento SUV.
Kia, Hyundai recall millions of vehicles in US
Hyundai and Kia are recalling about 1.6 million and 1.7 million vehicles respectively in the U.S. due to risk of an engine compartment fire, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
GM, Stellantis Scramble to Keep Repair Parts Flowing Amid UAW Strike
General Motors and Chrysler-parent Stellantis have devised plans for white-collar workers to staff parts-distribution centers as they aim to blunt the fallout from the United Auto Workers’ walkout.
TotalEnergies to return more cash to shareholders as oil and gas output rise
French energy group TotalEnergies is to increase returns to shareholders and plans to raise its oil and gas production by 2 to 3% per year over the next five years.
Tesla's rivals scrap for thin slices of US EV sales
Ford Motor's decision to hit the brakes on a planned USD 3.5 billion battery plant in Michigan highlights a challenge for Tesla's growing crowd of rivals in the U.S. market: Tesla is pushing most of them into unprofitable, low-volume niches.
Elon Musk: Traditional automakers like General Motors and Ford could go ‘bankrupt’ if…
Elon Musk has cautioned that if the United Auto Workers (UAW) union's demands for higher wages are met, traditional automakers like General Motors, Ford, and Stellantis could “drive GM, Ford and Chrysler bankrupt in the fast lane".
Lucid opens first international EV factory in Saudi Arabia
Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi Arabia's Jeddah city, under a deal designed to further the Middle Eastern country's electrification push.
China's Trina Solar plans USD 400 mn Vietnam plant after US sanctions
Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, three people familiar with the matter told Reuters, a move that would boost exports to the United States following punitive duties to be imposed on products it makes in Thailand.
UK EV supplier Bedeo launches electric van conversions in France
British electric vehicle supplier Bedeo said on Wednesday that it has launched a service to convert thousands of diesel vans to electric hybrids, starting in France to take advantage of government subsidies for retrofitting fossil-fuel models.
UAW threatens to expand strike against Ford, GM, and Chrysler
Amid continuous negotiations between UAW and companies like Ford, General Motors, Chrysler, etc, there is a possibility that UAW can expand strike against the three in case of no serious progress on Friday. 
Mercedes-Benz senior executive unveils vision for Generative AI revolution in auto industry
 
Renault, Nissan unwind key alliance structure to pursue other partnerships
Renault SA and Nissan Motor Co. are letting go of their common structures in favor of a new, project-by-project set-up, a sign the carmakers are growing further apart after striking a broader deal to rebalance their troubled alliance. 
📝  Mercedes-Benz AMG GLC 43, GLC 63 S E Performance Coupes revealed: Gets a 2.0-litre hybrid engines
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