Tanuj Halder’s Post

Can #ElectricCars electrify muted IT firms in a dull year? - Automotive clients account for up to 35% of IT services' manufacturing clients - India's top IT firms thus clearly draw meaningful revenue from carmakers around the world - With the advent of electric and tech-laden cars, IT's reliance on automotive revenue is now rising Auto companies may yet smoothen the bumps for Indian IT services in FY24, a year that has so far been one of the worst in the $253-billion industry's history. The country's top IT companies are seeing way faster growth from manufacturing and engineering clients than from banks in recent times, and industry experts say much of this underlying growth is coming from automotive firms..... https://bit.ly/3JFncjb #India #Business #IT #Software #Automotive #EV Shouvik Das Via www.livemint.com

⚡SEG Automotive🛵🚗 the pioneer in motor manufacturing, setting up 400V HV motor line in Hosur, India⚡ 🌟 SEG Automotive, renowned globally as a pioneer in motor manufacturing, is poised to redefine the landscape of the Indian electric vehicle (EV) market. With the unveiling of its cutting-edge 400V high-voltage (HV) motor line in Hosur, Karnataka, SEG Automotive is set to spearhead a new era of innovation and localization in the realm of electric mobility within India. 🛵 The Indian market has witnessed a remarkable surge in the adoption of light electric mobility, particularly in the segment of e-two- and three-wheelers. This surge underscores a growing demand for localized components that can meet the specific needs of Indian consumers while aligning with the country's evolving regulatory framework and infrastructure. 🔧 SEG Automotive's commitment to meeting this demand is evident in its impressive track record of localization. With over 90% localization achieved(excluding PCB & magnets) in its 48V motor for two-wheelers, SEG Automotive has demonstrated its dedication to tailoring its products to the unique requirements of the Indian market. This localization not only enhances the affordability and accessibility of EVs but also strengthens India's position as a hub for electric mobility innovation. 🌱 Building on its success in Europe, where it is the largest producer of mild-hybrid e-drives, SEG Automotive plans to introduce this advanced technology to India alongside the launch of its 400V motor line in Hosur. This move not only underscores SEG Automotive's commitment to technological excellence but also highlights its confidence in the potential of the Indian market to embrace cutting-edge EV solutions. 🛑 Despite these strides, challenges remain on the horizon. Cheaper imports from China continue to pose a significant barrier to the market penetration of locally manufactured components. Furthermore, there exists a gap in awareness regarding functional safety and cybersecurity standards for EV components, particularly when compared to Western markets. 🔍 Recognizing the importance of addressing these challenges, SEG Automotive emphasizes the significance of rigorous systems engineering and safety management practices. By prioritizing quality, reliability, and safety, SEG Automotive aims to not only compete in the Indian market but also to set new benchmarks for excellence in electric mobility. #SEGAutomotive #electricvehicles #EVRevolution #InnovationInIndia #SustainableMobility #sustainability 🚗🔋 EV Mechanica SEG Automotive Ferdinando Sorrentino anil kumar Natarajan S Raghavendra L Tobias A. Nowak Sudhir Chakravarthy source: https://lnkd.in/e4vJJ8m8

India's automotive sector is revving its engine towards global dominance, fueled by a potent combination of cost-efficiency and a highly skilled technological workforce. This dynamic duo empowers Indian manufacturers to produce competitive vehicles, attracting both domestic and international consumers. The nation's large pool of engineering talent, adept in cutting-edge technologies like ADAS, Connected and Electrification; further propels India's position as a frontrunner in the ever-evolving automotive landscape. This strategic advantage positions India to not only be a manufacturing hub but also a hotbed for innovation, shaping the future of mobility on a global scale. Sharing my views on Auto Industry in 2024 and beyond in ETAuto series #CEOTakeon2024. http://surl.li/seyyx #UnoMinda #automotive #manufacturingexcellence #India #globalization #futureofwork #futureofmobility #makeinIndia #atmanirbharbharat #technologyleadership #electrification

Mahindra Group Becomes First Partner for Volkswagen Group's #EV Tech in Major Supply Deal Indian automaker Mahindra and Mahindra Limited [Automotive and Farm Equipment Business] Ltd. has signed a landmark deal with Volkswagen, marking the German carmaker's first-ever supply agreement for its electric vehicle (EV) technology. Under the agreement, Mahindra will gain access to key #components from Volkswagen's MEB platform, including a "unified battery cell" technology promising significant cost reductions. This innovative #cell design is intended to power 80% of Volkswagen's future EVs and will be exclusively available to Mahindra for its own "INGLO" #electric platform. The multi-year deal represents a major step forward for both companies. Mahindra gains a significant boost in its EV ambitions, leveraging Volkswagen's established technology and expertise. For Volkswagen, it opens up new revenue streams and positions its MEB platform as a leader in open-source EV solutions. The agreement's volume is estimated at a massive 50 #gigawatt hours of energy storage capacity over its lifetime, highlighting its potential impact on the Indian and global EV markets. Notably, Volkswagen hinted at further collaborations with other carmakers, including potential partnerships with combustion engine manufacturers exploring the European market. This deal signifies a growing trend of collaboration and open platforms in the rapidly evolving EV landscape. Volkswagen and Mahindra's #partnership paves the way for faster and more affordable EV adoption, potentially accelerating the transition towards a sustainable future.

😎🚗🚚09/26/2024: OICA's 5 major #automotive news summarized: **Volkswagen's labour clash spotlights Europe's car factory conundrum**   Volkswagen Group faces high costs and underutilized factories in #Germany. This issue, shared by other European automakers like Renault Group, stems from poor EV investments and declining revenues in China. European car plant utilization dropped to 60% in 2023.   [Reuters - September 25, 2024](https://lnkd.in/gRGZGFh8)  **JLR Plugs £500 Million Into Retooling UK Plant for Electric SUVs**   JLR Land Rover plans a £500 million investment to retool its Halewood factory for electric SUVs. Despite weak EV demand, JLR aims to electrify its lineup by 2030.   [Bloomberg - September 26, 2024](https://lnkd.in/gY7PAe_P)  **Thai auto sector reels from falling orders and soaring household debt**   #Thailand's auto industry is facing a crisis due to reduced demand for traditional vehicles, weak exports, and high household debt, leading to job and production cuts. Car output dropped 17.69% in 2024, affecting key sectors like pick-up trucks.   [Reuters - September 25, 2024](https://lnkd.in/gt8yuwZx)  **China's market share in key EV battery components tops 80%**   Chinese companies dominate over 80% of the global market for key EV #battery components like cathodes, anodes, and separators. #China’s growing EV market and overseas expansion drive this dominance, despite global EV demand fluctuations.   [Nikkei - September 26, 2024](https://lnkd.in/gPn-gzDV)  **Auto companies struggle to recruit and keep software, tech talent**   Automakers face a critical shortage of tech talent needed for #SDV software-defined vehicles. Outdated hiring practices contribute to the challenge, as industries like aerospace and banking also compete for skills in #AI, #cybersecurity, and #data science.   [Automotive News - September 25, 2024](https://lnkd.in/gq5FxQSu)

While the #auto components industry grows steadily, collaborative efforts by manufacturers, government bodies, and industry organisations can aid the process. Read our report for more about what the #automotive industry can expect in the upcoming decade: https://mck.co/3zk8ixp ACMA India #McKinsey

As the EV manufacturers reveal more about their product pipelines, there are a few trends that are becoming clearer: 1️⃣ Competition is heating up, not just between Tata Motors, the JSW-backed MG Motors, Stellantis (Citroen), Mahindra, and possibly Maruti Suzuki (soon?), but also between BEVs and Hybrids. May the best technologies and brands win! 2️⃣ Early adopters of EVs are reaching saturation, and OEMs are trying to tap into the early majorities now. This is harder; this also means a shift from Tier-1 cities to Tier-2s and beyond. It also means reaching out to millions of more conservative buyers. 3️⃣ There's a lot of work to be done on the battery quality and battery-life of EVs, and India lags China and Vietnam by miles here. This, and not Charging, is possibly the biggest barrier to massive-scale EV adoption in the country. 4️⃣ The government needs to support the sector through PLIs, subsidies, GST-rate cuts, and more, if India truly wishes to leapfrog other parts of the world and become one of the dominant EV players. Otherwise, we would have simply substituted oil imports with battery and chip imports. 5️⃣ There's still a lack of clarity about battery waste generation, and reuse of depleted batteries at scale. Few end-users are trying to work on this problem, but OEMs do not have a scalable solution yet. #manufacturing #EV #electricvehicles #cleanmobility #sustainability

#Sustainability India's auto industry needs a massive overhaul to achieve net zero by 2070. OEMs must invest a staggering USD 323 billion, primarily in four-wheelers and trucks. This transition could potentially generate USD 14.1 trillion in revenue. EVs are expected to drive this transformation, with sales soaring to USD 502 billion by 2070. However, increased automobile financing of 2-18% until 2070 is crucial to bridge the funding gap and accelerate this shift. Read the story: https://ow.ly/U4xI50SVMra Story by: Priyanka T. #AutoIndustry #EVs #NetZero #AutomobileFinance #GreenTransportation #CleanEnergy #SustainableMobility #ElectricVehicles #FutureOfMobility

Volkswagen will supply Mahindra Group with electric components and battery cells following a recent supply agreement! Volkswagen Group and Mahindra Group have signed the first supply agreement on components of Volkswagen´s MEB for Mahindra’s purpose-built electric platform INGLO, taking a definitive step further on their joint vision for e-mobility collaboration. The deal covers the supply of certain electric components as well as unified battery cells. With the agreement, Volkswagen and Mahindra are further deepening their collaboration which started with a partnering agreement and a term sheet in 2022. Both companies will continue to evaluate a potential expansion of the collaboration. Mahindra will be the first external partner to use the groundbreaking unified cell concept, the core element of Volkswagens battery strategy. The supply agreement will run over several years and will have total volume of about 50 GWh over lifetime. Volkswagen Group and Mahindra aim to strengthen their e-mobility footprint in the Indian automotive market and to accelerate the electrification in the region. Mahindra plans to launch five all-electric SUVs in India based on its new, purpose-built electric platform INGLO, starting December 2024. With more than five million new vehicles per year in 2023, India is one of the largest automotive markets in the world. The electrification of the passenger car segment is expected to gain significant momentum in the coming years. Follow me for more #automotive news, content and opportunities! 🚗

"The Rise of Tamil Nadu as a Global Automotive Powerhouse and Its Ambitious Leap into Electric Vehicles" Tamil Nadu, often referred to as India's "Detroit," has been at the forefront of the automobile manufacturing industry for decades. This transformation began in the early 1990s when India opened its economy to foreign investments, allowing companies like Ford to establish their manufacturing bases in the region. The state's strategic decisions, including substantial land grants and favorable policies, attracted numerous carmakers, establishing a robust automotive ecosystem. Hyundai and other major players soon followed, drawn by the state's proactive approach and the presence of a supportive auto ancillary network. This not only diversified the types of vehicles produced but also fostered a complete automobile value chain. By 2010, one-third of India's automotive output originated from Tamil Nadu, affirming its status as a manufacturing hub. However, the journey wasn't without challenges. The early 2010s saw a decline in the state's appeal due to bureaucratic hurdles and infrastructural woes, reminiscent of the decline of the original Detroit in the U.S. In response, Tamil Nadu revised its strategy, introducing the Automobile and Auto Component Policy in 2014 to rejuvenate its automotive sector and break into the top global automobile clusters. Amidst these developments, Tamil Nadu is also making significant strides in the Electric Vehicle (EV) market. It has implemented an aggressive EV policy offering incentives and tax breaks, attracting major players like Ola Electric and Vietnamese firm VinFast, who are investing in large-scale manufacturing facilities. This not only underscores the state's commitment to sustainable transportation but also positions it as a key player in the global shift towards electric vehicles.