Prasad Ganorkar

India is making strides in the adoption of Advanced Driver Assistance Systems (ADAS), but it still lags behind China in terms of market penetration. Currently, ADAS technology in India is primarily found in SUVs and sedans at L1 and L2, with minimal adoption in hatchbacks at L0. Sudeepth Puthumana, Head of Segment ADAS, Continental India, sheds light on how India is catching up with global players in adopting ADAS safety technologies. To learn more about India's challenges with adopting autonomous technologies, which features have gained traction, and developments in India's safety regulations, check out this interview. #ADAS #automotiveindustry #India #safetytechnology #SAE

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How do you see financials of Hyundai Motor India Ltd. in Q2FY25 - the First Financials after going public? https://lnkd.in/dcUmyQ8v Hyundai Motor India's recent IPO raised $3.3 billion, marking India's largest to date. Despite a 4% slip in shares on the first day of trading, the company remains committed to its growth strategy. Hyundai Motor India has reported a 7% decline in revenue from operations for Q2 FY25, alongside a slight dip in EBITDA margin, in its first financial disclosure since going public. This performance reflects the company's proactive cost management and strategic focus on maintaining an optimal balance between volume, market share, and margins, guiding its approach to sustainable growth The company remains optimistic about mid to long-term demand trends, despite short-term setbacks. Hyundai is preparing for a strategic focus on maintaining an optimal balance between volume, market share, and margins, guiding its approach to sustainable growth. In the first half of FY25, Hyundai Motor India sold a total of 383,994 passenger vehicles, including 299,094 units in the domestic market, with a strong contribution from the SUV segment. The export volume stood at 84,900 units. The company is also set to launch the CRETA EV for the mass market in the coming months, which is expected to be a game changer in the EV market. Overall, Hyundai Motor India's first financial results post-IPO indicate a company navigating current challenges with a strategic focus on long-term growth and market adaptation. Hyundai Motor India Ltd. Mobility Outlook Hyundai Motor Company (현대자동차)

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#PMRIndustryGrowth Automaker Mahindra secures Rs 650 cr investment for EV arm. The EV setup is being done in #Chakan, #Pune https://lnkd.in/d-qv_fCm

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Insights from Tata Motors on #EV Adoption survey Some compelling data points from Tata Motors highlight the growing shift towards electric vehicles (EVs) in India: • 36% of customers have moved away from internal combustion engine (ICE) vehicles. • 75% of customers use EVs as their primary mode of transportation. These insights are particularly significant in light of recent reports, including Park+ data, which indicated that 51% of EV owners in India are considering a switch back to ICE vehicles. It will be interesting to see if this trend was also captured in Tata Motors' survey and, if so, what their findings were. https://lnkd.in/gB6XJ2Nh TATA.ev The International Council on Clean Transportation ICCT India Shailesh Chandra #ElectricVehicles #SustainableTransportation #TataMotors

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Indian Light Electric Commercial Vehicle Market Analysis https://lnkd.in/eH_zj6a ACG Electric Vehicle EMobility center released the latest report of Electric Commercial Vehicle Market Analysis. The report provides key insight into the eLCV Market Size (In Volume & Value), Current key players in each segment, Brand Perception, Customers requirement, Demand Analysis, Business model of each category, TCO model wise analysis, and all other key information. Key Highlights of the report: Indian Light Electric Commercial Vehicle Market Trend and Forecast – Two Wheeler, Three Wheeler, Electric Car, Truck, and Bus. Mini Truck, Pick up Truck, Light Duty Truck, Medium-Duty Truck, Heavy Duty Truck – Tipper, Rigid Haulage & Tractor Trailer Mini Bus, Light Duty Bus, Medium Duty Bus, and Heavy Duty Bus Passenger Vehicle and Cargo Vehicle Electric Car Market Size (Pre Covid & Post Covid) and Forecast Segment Trend and Outlook OEM wise Sales OEM Segment Market share and Growth Analysis Product Specs Features, Application Brand Perception Duty Cycle Analysis, and Pricing Analysis Electric Commercial Vehicle Market size in India current and future demand – Expected Market Size & Share by 2030 Segment & Application wise adoption rate of Electric Commercial vehicle Current & Expected Major Players and their Key Customers Growth Driver – Short & Long term Challenges and Opportunities Basic Electric Vehicle requirement in terms of product specs, Features, and Price – Three Wheeler, Two Wheeler, and Four Wheeler Segment-wise and Application Electric Vehicle Product roadmap Current customer requirement and market demand Analysis Create product portfolio for next 10 years TCO Analysis and compare with IC vehicle Last-Mile Delivery The rise of e-commerce: increased freight demand Logistics Construction Rigid haulage #commercialvehicle #bus #truck #electricvehicle #bev #strategy #automotiveindustry #automotive #india #forecast

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🚗⚡ **FAME III: Advancing India's Electric Vehicle Revolution** The Government of India wants to ensure that at least 30% of all vehicles sold in the country by 2030 are electric models, said H.D. Kumaraswamy, Union minister of heavy industries. The ambit of India’s Automotive Mission Plan has been expanded to upskill workers to match the requirements of the EV sector. 🌟 **Key Highlights:** - 📈 **30% EVs by 2030:** The government aims for 30% of all vehicles sold in India by 2030 to be electric. - 💸 **FAME III Incentives:** Although not included in the Budget, the third phase of FAME may allocate ₹2,000 crore for EV infrastructure, with industry hopes for ₹10,000 per EV incentive. - 🛠️ **Upskilling the Workforce:** The Automotive Mission Plan now includes skilling programs to align labor skills with EV sector needs. - 🌍 **Environmental Goals:** Targeting net-zero emissions by 2070 and reducing carbon emissions by 1 million tonnes by 2030. 📊 **Current EV Penetration:** - 🚛 **Electric Three-Wheelers:** 50% penetration rate. - 🚗 **Electric Cars:** 1.8% in India vs. 11% in the US, 24% in Europe, and 36% in China. 🎓 **Educational Initiatives:** - New skilling programs for graduates, post-graduates, and doctorate-level students in collaboration with the Automotive Skill Development Council. 💡 "Breaking myths about the EV industry and providing global certificates for better job opportunities," says Sudhendu Sinha, NITI Aayog. 📈 **Investment Needs:** The EV industry requires ₹13,500 crore for skilling and employment. Let's drive towards a sustainable and electrified future! 🚀🌿 Government of India Ministry Of Heavy Industries NITI Aayog Official Sudhendu J. Sinha #eMobility #EVs #FAMEIII #Sustainability #Skilling #NetZero #Innovation #India2023 source: https://lnkd.in/g6SPnkQE

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🚗 Mitsubishi Joins Honda-Nissan Alliance Key Highlights 🌐 Strategic Move: Mitsubishi joins the Honda-Nissan alliance. Focused on competing with dominant Chinese EV makers. 🔋 Japan's EV Strategy: Japanese automakers consolidate to strengthen EV market position. Alliances include Toyota with Mazda, Subaru, Suzuki, and Honda with Nissan. 🌏 China's Lead: China excels in EV production and technology, challenging global competitors. 💡 Alternative Fuels: Biofuels, hydrogen, hybrids, and compressed natural gas as viable options alongside EVs. 🔧 Industry Insights: Flexibility and adaptability are crucial for future mobility solutions. 🌍 Global Trends: Worldwide automakers are forming alliances to stay competitive. Examples include Stellantis with Leapmotor and Renault with Geely. 🔗 Key Takeaways: The alliance aims to cut costs and boost competitiveness. Collaboration and innovation are essential in the evolving automotive landscape. #EV #Mitsubishi #Honda #Nissan #Toyota #ElectricVehicles #China #Innovation #Sustainability

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CEO excellence, how leaders assess their own performance is an interesting article by Gautam Kumra, Joydeep Sengupta, and Sridhar that gathers information from McKensey’s CEO excellence assessment tool CEAT and defines these 6 dimensions to later broken down in 18 behaviors. It’s interesting to see how the different behaviors between female and male CEO’s, new and seniors CEO’s, play an important part in this self-assessment survey. The link is below if you’d like to read or listening (17 minutes), the whole document.  CEO Excellence: provisional findings from our self-assessment survey | McKinsey The Executive Leadership Council (ELC), NYSE, ALPFA Inc - Association of Latino Professionals For America, Latino Corporate Directors Association (LCDA)

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Early Festival Auto Sales Disappoint Recent data on seasonal sales trends and incentive movements from JATO Dynamics India, as reported by Mint, reveals concerning trends in India's automotive sector: • Despite aggressive discounts, and price reduction, customer demand remains sluggish • Inventory levels at PV and two-wheeler dealerships continue to swell • Automakers have hiked incentives passenger vehicles • Honda leads with a 427% increase, compared to last year, while some brands like Tata have reduced offers This early upset in festival sales could signal deeper issues: 1. Shifting consumer priorities 2. Economic uncertainties affecting purchasing decisions 3. Potential misalignment between product offerings and market demands As industry professionals, we must ask: - How can OEMs and dealers adapt their strategies to stimulate demand? - What does this trend indicate about broader economic conditions? Your thoughts? Let's discuss the implications and potential solutions for our industry. #AutoIndustry #MarketTrends #EconomicIndicators [Link to full article https://lnkd.in/gkez_5FP]

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🌟 Embracing the Future of Mobility! 🌟 Reflecting on the Latest Bain India VC Report 📈, it's clear that investing in #EcoRevolution is resilient and promising. Here's what stood out: 🔍 Funding Overview: Despite challenges, VC investments in India's #EcoMobility sector remain strong, signaling enduring investor trust. While 2023 saw a minor dip in investment value, the uptick in deals reflects growing sectoral interest. 🔄 Sectoral Trends: Investment focus spans the entire electric mobility value chain, from innovative #EcoOEMs to robust #ChargingInfrastructure and futuristic mobility services. Noteworthy deals, like those with GreenTech and DriveX, spotlight diverse #EcoOpportunities within the sector. 📈 Key Drivers: While OEM funding faced uncertainties, the surge in charging infrastructure investment offers promise. Anticipated EV penetration growth by 2030 fuels investor interest in bridging infrastructure gaps and advancing sustainability. 🔮 Future Outlook: India's #EcoMobility ecosystem is primed to unlock a revenue pool exceeding $100B by 2030. With supportive policies and technological advancements, further #EcoGrowth and adoption are on the horizon. 💼 Opportunities Ahead: Expect robust deal flow as the sector evolves, presenting appealing investment prospects. Strategic maneuvers like M&A and ventures into ancillary sectors, such as renewable energy, offer exciting exit strategies. The future of mobility in India is bright, driven by innovation, policy backing, and investor confidence. Let's anticipate the remarkable journey ahead! Source: Bain & Company, Inc. Please note: The image is for illustrative purposes only. #SustainableTransport #InvestmentInsights #GreenFuture #BainReport #IndiaEVs 🌱🔋

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#automobile #OEMs look towards the skies for sales growth. A normal monsoon is on the forecast and their hopes are pinned on rains being better than last year since this will determine sales momentum in rural pockets, among first time buyers for #twowheelers and #passenger vehicles. For #tractors which saw a 7% decline last fiscal, monsoon intensity and distribution will determine if the sector grows at all @ETauto TheEconomic Times

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Waves of Change: India's Automotive Revolution Three Maruti Models That Shaped 50 Years of Indian Mobility 1. Maruti 800 (1983-2014) 2. Maruti Alto (2000-present) 3. Maruti Wagon R (1999-present) Watch here

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The outlook for the Indian #AutoComponents sector for FY25 is optimistic, with strong #MacroeconomicIndicators and conducive #GovernmentPolicies supporting the sector. Although the first quarter of FY25 witnessed slower #VehicleSales due to inclement weather conditions and elections, the projected 7% growth in the #IndianGDP is expected to sustain the auto components industry’s performance. ACMA India #SMEcommunities #SMEnewstrack #AutomotiveComponents #VehicleProduction #OriginalEquipmentManufacturer #OEM #MobilityEcosystem

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Women empowerment opportunities in automotive sector! MG Motor India (MGMI) was launched in 2017 at Halol, Gujarat, India, a 100-year-old brand (1924-2024) had opened numerous diversification opportunities for women empowerment. Significantly, the company had achieved a workforce gender diversity of 37%, which was the highest in auto industry, while it planned for reaching 50% diversity. Historically, women had been severely marginalised in the auto sector and restricted to working in office and scarcely in leadership positions. Meanwhile, MGMI in sync with its gender diversity commitment introduced the 'Drive Her Back' initiative in 2019 which aimed to reinforce diversity and inclusion for creating an equitable automotive workplace across verticals. Besides, this revival campaign also enriched the talent pipeline. Women leaders at the company were boosting efficiency in multiple domains like manufacturing, marketing, communications, roadside assistance, human resources, and finance. Further, the women held key positions across various functions creating gender diversity. Would MGMI's gender equity initiatives sculpt a transformation of the automotive sector? #MG Motor India; #Marginalised women in auto sector; %Scarce leadership positions; #Gender diversity commitments; #Diversification opportunities for women; #Minimising gender gap; #'Drive Her Back' initiative; #'Women Interactive Network for Development' (WIND); #Enriched talent pipeline; #Reinforcing diversity and inclusion; #Creating equitable automotive workplace across verticals; #All women crew; #Gender equity; #Automated Guided Vehicles (AGV); #Robotic Process Automation (RPA)

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How JSW MG Motor India Redefines Affordability With Windsor EV https://cl.gy/jJBay At the launch event, the company caught the industry off-guard by announcing an enticing ex-showroom price of INR 9.99 lakh for the base model of the Windsor, positioning it as a highly competitive option for potential EV buyers. However, this price is for the vehicle ‘without the battery,’ as the OEM has introduced an innovative 'Battery as a Service' (BaaS) model. Under this system, customers will pay for battery usage based on the vehicle’s mileage, at a rate of INR 3.5 per kilometre. JSW Steel MGMOTORS #mgmotorindia Satinder Singh Bajwa parthjindal Mobility Outlook

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🌟 Mahindra's Potential Acquisition of Skoda-VW: A Game-Changer for the Global Auto Industry 🌟 In a move that could significantly reshape the global automobile sector, Mahindra is reportedly on the verge of acquiring a 50% stake in Skoda Auto Volkswagen India (SAVWIPL). This landmark deal, valued at around $1 billion, marks a major partnership between these two automotive giants. Impact on the Global Automobile Sector Enhanced Global Reach: This acquisition will allow Mahindra to leverage Skoda-VW's extensive global network, boosting its presence in international markets. Technological Synergy: By combining Mahindra's cost-effective vehicle platforms with Skoda-VW's advanced technology, the partnership will drive innovation and efficiency in vehicle production. Sustainable Solutions: The collaboration will accelerate the development of electric vehicles (EVs), aligning with global trends towards sustainable transportation. Boosting Research and Development The partnership will foster a robust exchange of technology and expertise between Mahindra and Skoda-VW. This collaboration will: Enhance R&D Capabilities: Joint research initiatives will lead to breakthroughs in EV technology, autonomous driving, and smart mobility solutions. Shared Knowledge: The exchange of best practices and technological advancements will drive innovation and improve product offerings. Technology Sharing and Collaboration The acquisition will enable both companies to share and develop cutting-edge technologies, including: Electric Vehicle Platforms: Utilizing Volkswagen's MEB platform for Mahindra's EVs, enhancing performance and range. Advanced Manufacturing Techniques: Implementing Skoda-VW's advanced manufacturing processes to improve efficiency and reduce costs. For more details on this exciting development, you can read the full article on: https://lnkd.in/dfNvsjVj #Mahindra #SkodaVW #AutomotiveIndustry #ElectricVehicles #Innovation #SustainableMobility #GlobalAutoTrends

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Indian Automotive Market Forecast 2030 https://lnkd.in/d-Pfuyzj The Indian Automotive Market Forecast 2030 report is a detailed report that covers various market dynamics and aspects and their impacts. ACG predicted that The Indian Automotive Industry is projected to grow at a CAGR of 3% from FY 2024 to FY 2030 In FY 2019, India sold 26.3 million vehicles, including trucks, buses, passenger cars, two-wheelers, and three-wheelers. FY 2022 registered 17.8M, the lowest number in the last six years or compared to the pre-COVID level. After touching the lowest volume, the Industry started to grow yearly. The key growth drivers are Road Infrastructure development, Government policies, advancements in Automotive Technology, Consumer aspiration, and an increment in purchase power. #automotiveindustry #cars #truck #commercialvehicle #scooter #bus #india #data #electricvehicle

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Entry Strategy for Electric Vehicle Manufacturer https://lnkd.in/fEJ3-Dq ACG helps companies to enter into the fast-growing Indian Electrical Vehicle market. EV segment gives tremendous opportunities to Traditional players and new entrants. Currently, Electric Two-Wheeler and Electric Bus segments are having an effective presence of new players. We help to create a complete blueprint of Electric vehicles. The following points are covered with Entry Strategy for Electric Vehicle Manufacturer consulting services: Market assessment of EV – Electric Two-Wheeler, Electric Bus, Electric Three-Wheeler, Electric Car, and Electric Truck Frame: Technology, Market, Product, Grid Management, Product Demo & Testing, and Go-to-market Mapping with your company strength or product portfolio or Brand reputation or business synergy Setup company in India Find local partner if interested in JV or partnership business model Import rules and select port The strategic location of manufacturing or assembly unit Project cost and ROI Analysis Find local suppliers Break-even analysis Risk Analysis Revenue sources Sales strategy Developed Channel sales Create Product portfolio After-sales revenue Charging station infrastructure strategy Customer buying pattern analysis #electricvehicle #automotiveindustry #entrystrategy #stratgey #automotiveindustry #automotive #europe #china #usa

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