Author: Central Desk

In a recent interview, RC Bhargava, Chairman of Maruti Suzuki India (MSIL), predicted that India could outpace the US and China to become the leading automobile manufacturer by 2028. This bold prediction is fueled by a significant increase in investments in the country’s automobile sector and ambitious expansion plans by leading automobile manufacturers, including Maruti Suzuki. Bhargava highlighted several strategic investments in the industry that are expected to boost production in the coming years. These include a ₹20,000 crore ($2.7 billion) investment from Hyundai Motor India, a ₹5,000 crore ($675 million) investment from MG India, and a ₹18,000 crore ($2.4…

As electric vehicles (EVs) continue to alter the transportation sector worldwide, BYD is making significant strides in the Philippines’ transition to green mobility. Through its local distributor, Solar Transport and Automotive Resources Corp., the automaker is introducing an impressive array of EVs to the Philippine market. Solar Transport pioneered the country’s EV scene by introducing the first EV unit in 2013. Since then, BYD, which stands for “Build Your Dreams,” has gained a reputation for quality vehicles and advanced green technologies. The Chinese automaker’s international renown stems from its innovative EV designs and leadership in green energy applications across diverse…

Toyota has issued a public apology after uncovering a decade-long data breach, resulting from a misconfiguration of their cloud environment, which exposed the personal and vehicle information of nearly 2.15 million customers in Japan. The data leak, ranging from November 6, 2013, to April 17, 2023, occurred as the auto industry continues to embrace connected car technology. The compromised data comprises registered email addresses, unique chassis and navigation terminal numbers, vehicle locations and timestamps, and even video recordings from the vehicles’ ‘drive recorders’. Toyota, the Japanese auto giant, has blamed the incident primarily on an inadequate explanation and attention to…

The European auto industry, renowned for its iconic brands like Volkswagen, BMW, Mercedes-Benz, and Porsche, is teetering on the brink of upheaval. With over 800,000 direct jobs hinging on these automotive giants, the looming threat of electric vehicles (EVs) poses a question of survival. The catalyst for this impending crisis is twofold: Europe’s late entry into the EV revolution and China’s aggressive strategies. The Chinese auto industry has managed to secure control over essential resources such as cobalt, a critical component in car batteries, leaving European automakers in a vulnerable position. German auto manufacturers, traditionally reliant on highly profitable diesel…

Singapore’s escalating COE prices have hit a new record, causing significant distress among the middle class, who find the prospect of owning a car increasingly elusive. The average cost of a permit to buy a car, known as a Certificate of Entitlement (COE), has skyrocketed to an unprecedented US$75,000, making the dream of owning a car a distant reality for many. The skyrocketing COE prices, in addition to the cost of the car itself, have left many middle-class families grappling with a sense of disillusionment. One such individual, Singaporean civil servant Lee Jun Hao, had been meticulously tracking COE prices…

Tesla Massive Recall: Tesla Inc., the US electric vehicle behemoth, is set to recall and update the software of more than 1.1 million vehicles in China, both imported and locally manufactured, according to China’s market regulator, the State Administration for Market Regulation (SAMR). The recall encompasses various models including the imported Model S, Model X, Model 3, along with China-made Model 3 and Model Y. The software update, effective from May 29, is in response to concerns raised about the regenerative braking system and accelerator pedal usage. Tesla’s recall has been registered under China’s stringent deficient vehicle recall regulations, though…

Bucking the semiconductor shortage trend, Indian auto industry saw robust growth in April 2023. The Society of Indian Automobile Manufacturers (SIAM) reported a 13% year-on-year (YoY) increase in domestic passenger vehicle (PV) wholesale dispatches to dealers, reaching 3,31,278 units compared to 2,93,303 units in April 2022. Utility vehicles (UVs) led the charge, with sales reaching 1,48,005 units, marking a growth of 16.28% YoY. Close on their heels were passenger cars, registering a YoY sales hike of 16.36% to 1,25,758 units. Despite these impressive figures, a semiconductor scarcity led to a minor decline of 5.59% YoY in passenger car production. On…

Ferrari, the iconic Italian luxury carmaker, has once again announced its refusal to adopt autonomous driving technology, demonstrating the brand’s unwavering commitment to the sheer joy and excitement of human-controlled driving. The company’s CEO, Benedetto Vigna, emphatically stated, “No Ferrari will drive itself,” during his recent appearance at the Financial Times Future of the Car Summit. Vigna’s standpoint is rooted in the belief that the true essence of a Ferrari lies in its driving experience, and the company has thus far not invested significantly in autonomous driving technology. His assertion came in response to a question about whether Ferrari might…

As cars continue to evolve into digital hubs, Google is leading the charge by bringing popular apps like YouTube, Waze, and Zoom natively to Android-equipped vehicles. This transformative step was announced by Google recently, adding a new dimension to the in-car experience. The internet giant had teased the ability to watch YouTube videos in parked vehicles last year. Now, the feature is set to be rolled out in the coming weeks, starting with Volvo and Polestar. The move will extend to other automakers soon, redefining infotainment for Android users. This feature, however, will be exclusive to vehicles with Google built-in,…

Mitsubishi China Market: Contrary to swirling rumors, Mitsubishi Motors confirmed its steadfast commitment to the Chinese market despite plummeting sales, amidst intensifying competition in the auto sector. CEO Takao Kato clarified at a recent press conference, “We are yet to make a decision about exiting the market, but it’s undeniable that we need a robust strategy to navigate the challenges in China.” In March, production was halted at Mitsubishi’s plant in Changsha, Hunan province, sparking speculation about the firm’s future in China. These conjectures escalated when their joint venture partner, Guangzhou Automobile Group (GAC), excluded Mitsubishi’s sales data in their…