Auto Expo 2020 Live: Mahindra Group To Invest Rs 15,000 Crore In Auto Sector Over Next 3 Years
Here’s the latest launches, technologies and developments at this year’s Auto Expo at New Delhi.
KEY HIGHLIGHTS
The Switch To Electric Cars From Internal Fuel Combustion Engines Can’t Happen Immediately, Says Maruti’s Srivastava
Mahindra Group To Invest Rs 15,000 Crore In Auto Sector Over Next Three Years
India's Automotive Industry Headed For Structural Revival From Second For FY21: Tata Motors
Looking To $1 Billion In India: Great Wall Motors
The Switch To Electric Cars From Internal Fuel Combustion Engines Can’t Happen Immediately, Says Maruti’s Srivastava
Maruti Suzuki India Ltd. will focus on four different technologies— compressed natural gas, smart hybrid, strong hybrid and electric vehicles as a part of its Mission Green Million.
Mission Green Million is part of the company's plan to roll out 1 million green vehicles on Indian roads in the next two years as the company does not want to focus only on EV segment. That’s according to Shashank Srivastava, executive director, Maruti Suzuki India.
Out of 70 million cars expected to come from today till 2030, the industry is projecting 7-8 percent to be electric vehicles. That means 63-64 million will still be internal combustion engine based cars. It won’t be a zero to one switch from ICE to electric engines. There is a long intermediate period in which we must improve fuel efficiencies to reduce consumption and that is what we are focusing at this stage.Shashank Srivastava, Executive Director, Maruti Suzuki India.
Mahindra Group To Invest Rs 15,000 Crore In Auto Sector Over Next Three Years
Mahindra & Mahindra Ltd. is planning to invest Rs 15,000 crore into its cars business over the next three years. That’s according to its managing director Pawan Goenka.
The carmaker also unveiled at least three new models at the event—e XUV 300, e KUV 100 and a concept EV Funster and quadricycle Atom.
Other Highlights:
- Clarion call is to develop sustainable vehicle future for the future.
- Firmly believe that shared mobility will drive large scale adoption of EV.
India's Automotive Industry Headed For Structural Revival From Second For FY21: Tata Motors
India’s auto sector will witness a structural revival from the second half of the fiscal year ending 2021 on the back of Bharat Stage VI transition and electric push. That’s according to Guenter Butschek, managing director, Tata Motors.
“Solutions available with BS-VI are absolutely ecologically responsible and it’s a state of the art emission standard,” said Butschek in an interview to BloombergQuint. “What we have presented today is BSVI and electric push and it provides answers.”
The economy is going to pick up. I’m confident that as we get into the second half of coming financial year, we are finally getting into the structural revival of the automotive industry.
Looking To $1 Billion In India: Great Wall Motors
Great Wall Motors Ltd. is slated to invest $1 billion in India as it plans to commercially enter the Indian market next year.
The investment will be spread across four segments— restructuring its manufacturing base in Talegaon, vendor base, research & development setup Bengaluru in 2016 and marketing and sales. That’s according to Hardeep Singh Brar, director (Marketing & Sales), GVM.