The collaboration aims to address policy, technology, and investment strategies for a ZEV transition, while identifying opportunities for India to emerge as a strategic leader in the global ZEV transition.
India, the world’s seventh-largest country by area and the second-most populous country, ranked among ŠKODA’s top three markets globally in the first half of this year.
Investments in the two new plants support the carmaker’s aims to strengthen production capacity in India while capitalizing on the growing Indian automotive market.
The Warren Buffet-backed BYD, which overtook Tesla this year, will assemble automobiles in Sriperumbudur, close to Chennai, with expected capacity of 10,000 units within two years.
The acquisition terms include the Sanand site’s entire land and buildings, the vehicle manufacturing plant with machinery and equipment, and transfer of all eligible FIPL employees at the Sanand manufacturing operations, which reports a capacity of 300,000 units per year, scalable to 420,000 units annually.
The discontinuation leaves Honda Cars with just three models on offer in India: Honda City, Honda Amaze, and Hybrid City.
The new hybrid Grand Vitara is the latest product in the Maruti-owned NEXA portfolio and features a “distinct exterior design, sophisticated interiors, segment-leading features and an industry redefining fuel-efficiency powered by its revolutionary hybrid powertrains."
The new model’s powertrains of the new model will be equipped with mild hybrid developed by Suzuki and strong hybrid developed by Toyota.
Nunam, a non-profit start-up based in Berlin and Bangalore and funded by the Audi Environmental Foundation, developed the three prototype e-rickshaws in collaboration with the training team at Audi’s Neckarsulm, Germany production site.
Jupiter is a premier manufacturer of railway wagons, passenger coaches, wagon components and castings in India with customers such as the Ministry of Defence, Ministry of Shipping, Tata Motors, VOLVO Eicher Motors, Bharat Benz and Avia Motors. Jupiter owns manufacturing facilities across India.
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