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Automotive sector in higher gear in 2023 with TIV set to hit all-time high

KUALA LUMPUR: Malaysiaโ€™s automotive industry picked up speed in 2023, bolstered by robust sales for new motor vehicles, efforts to ramp up the usage of electric and energy-efficient vehicles as well as higher technology investments in line with the governmentโ€™s net zero carbon emission goals.
Kuala Lumpur United States Tanjung Malim Anwar Ibrahim Sime Darby Bhd Permodalan Nasional Bhd

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GUANGZHOU -- China's electric vehicle powerhouse BYD is emerging as a strong rival to CATL, the leading producer of EV batteries, by taking over as th
Catl S
Source: nikkei.com

BluSmart Mobility taps Tata Motors, MG Motor India for 3800 e-cars

This will be the second biggest induction of EVs by the startup in 2023. In March this year, Gensol Engineering, the BSE-listed engineering solutions provider, had raised Rs643 crore from state-run Power Finance Corp. to purchase 5,000 e-cars from Tata Motors and MG Motor India, and to lease them to sister company BluSmart and a few of its other customers.
Tushar Garg Anirudh Arun Rahul Jain Anmol Jaggi Punit Goyal Power Finance Corp

Need to follow consistent EV policy, no need for company-specific sops: FICCI EV Committee Chair

Motwani, the founder and CEO of Kinetic Green which sells battery-operated three-wheelers, scooters, e-cycles, and buggies, also emphasised creating a holistic ecosystem for the growth of the electric vehicle segment.
United States Ficci Ev Committee Chairperson Sulajja Firodia Motwani Chairperson Sulajja Firodia Motwani Kinetic Green Faster Adoption Hybrid Vehicles

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