Author: Central Desk

Hyundai Motor India’s stock is set to draw major attention from institutional investors worldwide. The company’s exceptional financial metrics, surpassing those of competitors such as Maruti Suzuki, a subsidiary of Suzuki Motor Corporation, signal a promising outlook. Analysts anticipate Hyundai’s stock trading at a premium, underscoring its superior return ratios and operational prowess. Outstanding Financial Performance For FY24, Hyundai Motor India’s Return on Equity (RoE) reached an impressive 29.3%, markedly higher than Maruti Suzuki’s 16.8%, M&M’s 20.3%, and Tata Motors’ PV division’s 20.3%, as reported by IIFL. The Return on Capital Employed (RoCE), excluding cash and investments, hit an extraordinary…

The Haval Dargo, Great Wall Motor’s (GWM) first light off-road SUV for the Uzbek market, recently made its grand entrance at a spectacular launch event in the capital city. This marks the fourth model from the Haval brand to debut in Uzbekistan. The Dargo’s unveiling, accompanied by impressive lighting and stage effects, captivated the audience. One attendee remarked that the Haval Dargo’s modern and aggressive appearance will certainly make it stand out among many cars. Vyacheslav, director of the Haval brand in Uzbekistan, presented the first Dargo customers with their vehicles and certificates, expressing gratitude for their support. The first…

Tesla’s shares took an 8.4% hit, landing at $241, following reports that the company postponed the unveiling of its robotaxi from August 8 to a date two months later. The delay results from Tesla’s decision to build more prototypes before the launch. Elon Musk’s latest project, the robotaxi, aims to revolutionize autonomous taxi services. Analysts see it as a potential driver of Tesla’s future growth. Despite the excitement, Tesla faces a mix of substantial challenges and promising opportunities. Market Dynamics and Sales Decline Tesla, known for shaking up the auto industry with its electric vehicles, saw a 6.6% drop in…

Iveco Group announces a cutting-edge research and development partnership with the Luxembourg Institute of Science and Technology (LIST). Operating under the Luxembourg Ministry of Higher Education and Research, this collaboration aims to innovate sustainable and lightweight composite materials for transport applications. Driving Sustainable Mobility The collaboration will leverage the expertise of LIST’s Sustainable Composite Materials and Manufacturing Innovation Centre (SCMM-IC). Co-funded by the Luxembourg Ministry of the Economy and the European Regional Development Fund (FEDER), SCMM-IC focuses on developing materials pivotal for achieving net zero-emission mobility. Engaging in application-driven research and innovation, SCMM-IC works closely with major original equipment manufacturers…

Biden administration will allocate over $1 billion to the electric vehicle projects of General Motors (GM) and Stellantis. This financial investment aims to enhance the production capabilities of these leading automakers, propelling them forward in a rapidly evolving industry. Key Investments and Impact The funding includes $500 million for GM’s Lansing Grand River Assembly plant in Michigan, $334.8 million for Stellantis’ Belvidere Assembly facility in Illinois, and $250 million for Stellantis’ planned EV drive module plant in Indiana. Part of a broader $1.7 billion federal commitment, these projects span eight states and are expected to generate over 2,900 new jobs…

Global technology consultancy Thoughtworks and Amazon Web Services (AWS) released the Software-Defined Vehicle (SDV) Pulse, their inaugural annual report. Drawing from extensive experience and insights, the report aids automotive clients worldwide in the transition to software-defined vehicles. The Shift to SDVs Software now forms the backbone of modern vehicles, enabling capabilities from passenger infotainment to autonomous driving. The SDV Pulse report highlights key technologies, practices, and trends crucial for auto manufacturers and suppliers developing SDV strategies. The report features forty insights, termed ‘pulse points,’ categorized by adoption stages: Concept Phase: Emerging technologies with unproven potential. Early Adoption: Technologies offering significant…

Maruti Suzuki India has announced the 9th Cohort of its Maruti Suzuki Accelerator, inviting applications from startups worldwide for the first time. This initiative supports the Indian government’s ‘Make in India’ and ‘Startup India’ campaigns, targeting innovation in automobile manufacturing and mobility sectors. Global Participation Maruti Suzuki Accelerator now seeks applications from both Indian and international startups, aiming to attract innovative solutions that enhance the automobile and mobility industries. Selected startups will receive mentorship from experienced experts in both domestic and international startup ecosystems, as well as from Maruti Suzuki’s domain specialists. Comprehensive Benefits The program offers a range of…

The Continental plant in Púchov, Slovakia, now stands as the company’s first truck tire facility to receive the prestigious International Sustainability and Carbon Certification (ISCC) PLUS sustainability certification. This globally recognized certification attests to the transparency and traceability of raw materials used in production, marking a pivotal step in Continental’s pursuit of sustainable manufacturing. Anton Vatala, Head of the Continental truck tire plant in Púchov, highlighted the relevance of this achievement: “Our plant in Púchov is the first Continental truck tire plant to receive the ISCC PLUS certification. It is a sign of our commitment to both quality and sustainability.”…

Electrification, digitalization, and sustainability now dominate the automotive industry’s evolution. Mahle Aftermarket, a key player within the global automotive supplier Mahle, expands its product and service portfolio for electric vehicle (EV) diagnostics and maintenance through its innovative BatteryPRO product line. This commitment aligns with the Mahle 2030+ Group strategy. In 2023, Mahle Aftermarket achieved record sales nearing EUR 1.3 billion, underscoring its main role within the Group. At a press workshop in Stuttgart, Philipp Grosse Kleimann, a member of the Mahle Management Committee and head of the Aftermarket business unit, highlighted the company’s dual focus. “The future belongs to e-mobility…

Peugeot has announced the integration of ChatGPT artificial intelligence across all its models, a pioneering move following a successful pilot phase. Innovative Integration As one of the first car manufacturers to incorporate ChatGPT, Peugeot enhances the driving experience with advanced AI. Integrated into the i-Cockpit and activated by the voice command ‘OK Peugeot,’ this feature provides a wide range of innovative services and information. Expanding AI Capabilities Following trials with over 10,000 customers, Peugeot is rolling out ChatGPT across its latest models: New 208, 2008, 308, 308 SW, 408, 508, 508 SW, RIFTER, TRAVELLER, PARTNER, and EXPERT. The New 3008…