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Govt forms panel to examine demands for inclusion of more components in Auto PLI: Minister

The government forms a committee, headed by an Additional Secretary in the Ministry of Heavy Industries, to assess the auto industry s request for expanding the Production Linked Incentive (PLI) scheme. The committee, comprising 11 members, will consider integrating more automotive components into the PLI scheme due to technological advancements. The PLI Scheme for Automobile and Auto Components sees a one-year extension, targeting determined sales over five consecutive financial years (2023-24 to 2027-28), with successful investment of Rs 67,690 crore against the Rs 42,500 crore estimate. ....

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EVs are cheaper than ever. That's bad for EV owners

Price parity now appears to be arriving. That’s great news for the electric car industry, and for drivers who’ve not been able to afford a battery vehicle. But not so good for EV owners who want to sell their used cars ....

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Egypt Encourages Increased Car Conversions to Natural Gas, But Is it Environmentally Safe?

Egypt’s Aging Vehicle Replacement Initiative, launched in 2014, has achieved a significant milestone by converting 500,000 vehicles as of April. The initiative aims to curtail fuel imports, reduce harmful emissions, and enhance road safety. As of April, Egypt successfully converted 500,000 vehicles, marking a significant milestone. The surge in visibility is attributed to the substantial ....

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Vietnam seeks cooperation with global firms in AI, automobile technology, semiconductor chips

(VOVWORLD) - Minister Pham Minh Chinh and global businesses on Tuesday discussed cooperation in the development of Artificial Intelligence (AI), automobile technology, semiconductor chips, and the ecosystem. ....

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Hyundai to spend $845 million fixing GM's mothballed India plant

Hyundai last year bought the General Motors factory in Talegaon, which has stood idle for years after the US company struggled to sell it off following its exit from the country. ....

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