By Aditi ShahNEW DELHI (Reuters) - Ford Motor Co made a profit in India for the first time in a decade in the last fiscal year, signaling that a strategy conceived two years ago by the U.S. car manufacturer for one of the world's most competitive car markets is starting to show some success.Under an initiative called the Emerging Market Operating Model (EMOM), Ford cut manufacturing costs by 40 percent and is developing more vehicles locally as it moves away from its "One Ford" plan, which restricted its ability to be cost-competitive and agile in a fast-growing market, Ford executives and industry sources told Reuters. "EMOM is the North Star for the turnaround at Ford in India," Anurag Mehrotra, managing director of Ford's India unit, said in an interview. It's early days yet, and Ford still accounts for less than 3 percent of total passenger vehicle sales in India, where analysts say it's tough for auto manufacturers to make money."They are still a long way away till they can call … [Read more...] about Ford goes local in India, aims for bigger slice of competitive market
Electric car market in india
First Electrical Car arrives in Zimbabwe.Tesla Model X
Musk did hint that the cheapest Model 3 may arrive early next year, tweeting that shipping cars with partially filled battery packs was better than waiting until February.As for the actual $35,000 Model 3, the vehicle will be referred to as the Model 3 Standard Range and should have 220 miles of range.Tesla is finally offering a less expensive version of its Model 3 electric auto.Any worker who bought a Tesla and agreed to share 300 to 400 hours of driving feedback with the company's Autopilot team by the end of next year wouldn't have to pay for full self-driving, or for a premium interior, for a total savings of $13,000, the CEO wrote in an email obtained by Bloomberg News.But that price takes into account federal and state tax rebates. However, Tesla's ambitious $35,000 base version is nowhere to be seen due to production issues. But Musk said a "truer cost of ownership" for the midrange version would be about $31,000, his estimate for discounting the cost of gas. However, as … [Read more...] about First Electrical Car arrives in Zimbabwe.Tesla Model X
Start Your Engines: The Second Wave of Luxury Electric Cars
For the past five years, Tesla Inc. has owned the market for luxury electric vehicles. That is about to change. Jaguar, the iconic brand now owned by India’s Tata Motors Ltd., will start selling I-Pace, its first all-electric model, in August, the first shot in a battle between Tesla and old-guard auto makers for the premium electric-car... … [Read more...] about Start Your Engines: The Second Wave of Luxury Electric Cars
Global Plastic in Electric Vehicles Market is expected to grow at CAGR of 43.03% to reach $6274.31 million by 2023
Plastic in Electric Vehicles Market The European market generated revenue of $251.56 million in the year 2017 expected to grow at a CAGR of 43.92% to reach revenue of $2235.46 million by 2023. HYDERABAD, TELANGANA, INDIA, June 13, 2018 /EINPresswire.com/ -- According to the new market research report by IndustryARC titled “Plastics in Electric Vehicles Market: By Type (Polyamide, Polyurethanes, Polybutylene Terephthalate, Polystyrene and Others), By Application (Cooling Pipes, Fans, Reinforcement and Others) & By Geography - (2018-2023)” published by IndustryARC, the market is driven by bringing continual change over organic compounds of plastic polymers composites, and it’s demand due to performance competency is aiding the market growth. Asia-Pacific dominates with major share and growth in the Plastic in Electric Vehicles Market Europe is the dominating market holding a share of approximately 32% in 2017. The European market generated revenue of $251.56 … [Read more...] about Global Plastic in Electric Vehicles Market is expected to grow at CAGR of 43.03% to reach $6274.31 million by 2023
Indian ride-hailing firm Ola to add 10,000 electric three-wheelers to fleet
NEW DELHI (Reuters) - Indian ride-hailing firm Ola, backed by Japan's SoftBank Group, said it will add 10,000 electric three-wheelers to its fleet over the next 12 months as part of a plan to promote the use of electric vehicles. Ola plans to have 1 million electric vehicles on offer by 2021, it said in a statement, adding that it will work with various state governments, vehicle manufacturers and battery companies to meet its target. Prime Minister Narendra Modi's government is determined to promote electric vehicle use, starting with public transport and taxis, to combat rising pollution and reduce the nation's dependence on imported oil. India has also set a target to make all new vehicles electric by 2030. Ola, which operates in 110 Indian cities and has over a million driver partners, said the electric three-wheelers will be introduced in three cities but did not name them. Three-wheelers are commonly used, especially in smaller cities, but electric variants were introduced only … [Read more...] about Indian ride-hailing firm Ola to add 10,000 electric three-wheelers to fleet