Author: Central Desk
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Saudi Arabia’s Public Investment Fund (PIF) has formalized a significant agreement with Hyundai Motor Co., securing a trajectory that aims to redefine the Saudi auto industry’s future landscapes. The $500 million deal earmarks the establishment of an avant-garde automated vehicle manufacturing plant, designed to be a nexus of innovation and technology in the Kingdom. In the division of stakes, PIF consolidates its position with 70% ownership, while Hyundai complements this with the remaining shares. Hyundai’s role transcends mere financial participation; the global automaker emerges as a pivotal technological ally, entrusted to infuse the venture with technical finesse and nuanced commercial…
Tata Motors, the acclaimed automobile titan, is steering the industry toward novel horizons by crafting a state-of-the-art petrol engine. This trailblazing powertrain is set to invigorate its luxurious SUV lineage, namely the Harrier and Safari, infusing a new vigor into these automotive marvels, which currently throb with dynamic 2-liter diesel hearts. Currently, the Harrier and Safari boast a robust 2-litre diesel engine, appealing to the dominant diesel preference in the SUV market, which sees nearly 80% of the approximately 200,000 units sold annually. A revelation from Shailesh Chandra, the Managing Director of Tata Motors Passenger Vehicles, citing customer preference for…
For a powerful convergence of technology and automotive brilliance, DS Automobiles, and ChatGPT have forged a partnership that propels the car industry into a remarkable era of integrated artificial intelligence. Stellantis, the influential force behind DS Automobiles, reveals this extraordinary collaboration, heralding the arrival of intuitive AI chatbot capabilities within the automotive domain. Since its debut, ChatGPT has mesmerized the global stage, becoming an indomitable presence in the realm of AI chatbots. DS Automobiles, with this new alliance, emerges as a pioneer, ingeniously embedding AI chatbot functionalities into its range of exquisite vehicles. A bold pilot phase marks the commencement…
Tokyo prepares to be dazzled at the forthcoming Japan Mobility Show, where an unprecedented array of futuristic electric vehicles (EVs) are set to steal the spotlight. The show heralds a triumphant return after a pandemic-induced pause since 2019, poised to witness record-breaking participation from 475 companies, unveiling innovations not just limited to the automotive industry but extending to encompass advanced technologies like robots and drones. The spotlight brightens with the entrance of China’s EV titan, BYD Co., heralding an epoch of intensified global competition and collaboration. Japan’s automotive maestros, no longer the understudies, are poised to challenge giants like Tesla…
Ashok Leyland, a titan of commercial vehicle manufacturing and the illustrious Indian pillar of the Hinduja Group, unveiled a transformative initiative at its Pantnagar plant—a ‘Women-centric Cabin Trim Line.’ This unprecedented move manifests the company’s robust commitment to gender diversity and equity, aiming to recalibrate the dynamics of the manufacturing industry by amplifying women’s participation and leadership across various operational domains such as production, sourcing, quality assurance, and production planning. The inauguration of this paradigm-shifting line reverberates with celebrations of womanhood, symbolizing the tenacity and vigor of women across the nation. Strategically devised to satiate the rising demands for expansive…
Hyundai Motor Group and the School of Oriental and African Studies (SOAS) at the University of London have forged a strategic partnership aimed at unlocking Africa’s economic potential. This unprecedented collaboration signifies a confluence of technology, academia, and policy-making, which aims to design a sustainable developmental blueprint for the African continent. Embarking on this transformative journey, two innovative institutions have been established: the Development Leadership Dialogue (DLD) Institute and the Centre for Sustainable Structural Transformation (CSST). The inauguration ceremony, marked by the presence of influential corporate and academic figures, unveiled a visionary approach towards fostering development and innovation in Africa.…
Volvo embarks on a transformative journey in the automotive landscape by unveiling an Auto software development and testing center in Gothenburg, Sweden. Commandeering a generous investment of SEK 300 million ($27.3 million), the center spans a staggering 22,000 sqm, earning the accolade of the largest flagship in Volvo’s network of global engineering edifices. Volvo’s dedication to mastering the software-defined-vehicle (SDV) era reaches a pivotal milestone with this inauguration. This exemplary move signals Volvo’s unwavering commitment to surging ahead in the SDV realm, precisely exemplified by its EX90 flagship. The vehicle, a beacon of innovation, elucidates the imperatives of avant-garde software…
Škoda Auto has carved a new milestone in automotive excellence by launching a cutting-edge Parts Expedition Centre in Pune, India. Spanning an impressive 16,000 square meters, this state-of-the-art facility stands as a hub of innovation and sustainability. Dedicated to packaging completely knocked down (CKD) kits of Kushaq and Slavia models, the center facilitates their seamless export from Škoda India’s vibrant industrial landscapes to Vietnam’s Quãng Ninh province’s emerging markets for further welding, painting, and assembly. Andreas Dick, a pivotal board member responsible for Production and Logistics at Škoda Auto, conveyed the center’s instrumental role in optimizing logistical efficiencies between crucial…
The Society of Motor Manufacturers and Traders (SMMT), amid looming EV tariff threats, together with EU auto industry advocates, emphatically calls for decisive intervention to sidestep debilitating Brexit tariffs on electrified vehicles. Their unified appeal, imbued with a sense of urgent necessity, resounds with a call for an immediate postponement of the new, stringent Rules of Origin (ROO) concerning batteries. Such looming regulations ominously forecast a shadow of uncompetitiveness over EU and UK-produced electrified vehicles, jeopardizing their standing in their respective markets. New insights reveal alarming repercussions should the proposed ROO be enacted on 1 January 2024 as per the…
Polestar, the sophisticated Swedish electric performance car brand, has energized the EV charging landscape by forging an extraordinary alliance with Evnex. This union is meticulously curated, embodying mutual aspirations of technological evolution and uncompromising transparency, with an objective to redefine the paradigms of automotive sustainability. Originating from New Zealand, Evnex emerges as an architectural maestro of eco-intuitive charging equipment, cultivating a legacy steeped in a decade of innovative brilliance. The foundational ethos of Evnex reverberates with a commitment to diminishing the carbon footprint of electric vehicle fleets, cultivating technologies that harmonize sophistication with sustainable foresight. A testament to this innovation…