Author: Central Desk

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…

The United Auto Workers (UAW) strike has intensified, casting a grim shadow over the U.S. auto industry with crippling economic repercussions felt across the sector. As the industrial action enters its 22nd day, the ongoing strife has brought the Big Three U.S. automakers – Ford, General Motors (GM), and Stellantis NV, under immense financial strain, causing mounting concerns among industry leaders and stakeholders. A distressing analysis by Michigan’s Anderson Economic Group LLC reveals a staggering economic shortfall due to the strike. With a current total loss estimated at 7.7 billion dollars, the toll includes 359 million dollars in direct wage…

Quantron AG, a luminary in clean tech, and Electromin, powered by the Petromin Corporation, have coalesced their technological prowess to unveil a monumental fleet of QUANTRON QARGO 4 EV light trucks, marking a distinguished epoch in Saudi Arabia’s journey toward sustainable transport solutions. With a remarkable delivery of the first fifty battery-electric trucks, this formidable alliance stands as a beacon of innovation, signaling the largest deployment of zero-emission vehicles in the kingdom. Electromin recently played a pivotal role as a sponsor at Riyadh’s EV Auto Show in the Kingdom, marking a significant moment in fostering innovative partnerships and establishing electric…

Hyundai Motor and Toyota, two automotive giants, grapple with the tumultuous waves of China’s vast auto market, each carving a distinctive path. Hyundai, grappling with turbulent waters, has been exploring outsourcing strategies, inking discussions to produce local Chinese electric vehicle (EV) brands. Meanwhile, Toyota’s vessel seems to have caught a favorable wind, rebounding with enhanced promotional sails within a mere four months. Per a recent Reuters report, Beijing Hyundai Motor, a Hyundai affiliate, embarks on an innovative trajectory, orchestrating negotiations to produce the ‘Arcfox’, an electric vehicle from China’s Beijing Automotive Industry Group (BAIC). This strategic direction signifies Hyundai’s first…

Navigating the tumultuous currents of the automotive industry with innovative prowess, MG Motors has announced a monumental £1 billion in UK sales for 2022, double the volume, attributing this skyrocketing success to the global shift towards electric and hybrid vehicles. Owned by China’s heavyweight, SAIC Motor Corp, MG is harnessing the global electric car revolution, strategically positioning itself at the forefront of the electric vehicle (EV) market. Bathing in the limelight of profitability, the auto maestro’s financial score reached a breathtaking pre-tax opus of £54.2 million, an opulent ascent from the modest £4.3 million prelude in previous annual performances. Guided…