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Your next car could cost more as price pressure grips India’s auto industry
Economic Times
·
2d ago
Medial
Rising commodity prices, especially steel, are prompting Indian auto companies to implement small price hikes to offset increased costs. While automakers are trying to manage expenses through cost reduction and product mix changes, analysts warn that continued inflation in raw materials could challenge the industry's sustainability. Despite these pressures, the overall impact on auto makers' profits remains limited due to strategic price increases. Additionally, SUV sales in India experienced their first decline in over five years, indicating market fatigue.
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Related News
Going beyond the old 'Kitna deti hai?' - The Economic Times
Economic Times
·
1m ago
Medial
India's automotive sector is increasingly prioritizing safety, with a rising demand for high Bharat NCAP-rated vehicles and advanced safety features. Despite a vast road network, poor infrastructure, and human behavior contribute to high accident rates. However, a shift is evident as safety becomes a significant factor for consumers, influencing car sales. By 2030, India’s auto industry could grow substantially, driven by enhanced safety standards and the goal of halving road fatalities through technological advancements and regulations.
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Amazon to sell Hyundai vehicles online starting in 2024
Economic Times
·
1y ago
Medial
Amazon has announced plans to start selling Hyundai vehicles online starting in 2024. The move is part of Amazon's broader push into the automotive industry and aims to make the car buying process more convenient for customers. The online sales will initially be available in the United States, with potential expansion to other markets in the future. This partnership could be a game-changer in the auto retail industry.
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Ring doorbell subscription doubles in two years; customers angry
Startup News FYI
·
1y ago
Medial
Amazon has announced that the price of the cheapest Ring doorbell subscription is being increased again, amounting to a doubling in cost since 2022. The latest increase takes effect next month and represents a 25% increase on the current cost of the Ring Protect Basic subscription. Customers are reacting angrily to the news, with many canceling their subscriptions and boycotting the company. Industry experts are also questioning the price rise, stating that Ring must justify the steep increase and explain how its services are improving. This price hike could potentially damage Amazon's reputation.
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Tesla’s costly AI ambitions helped by earnings rebound
Livemint
·
9m ago
Medial
Elon Musk aims to fund Tesla's ambitious plans for robots and self-driving cars by improving profitability in the core auto business. Tesla's third-quarter results showed cost-cutting efforts and growth in the energy-storage business. Musk wants to increase spending to develop a self-driving Cybercab, AI-powered robots, and more affordable vehicles. However, revenue from the car business has plateaued, and Tesla's profit margins are pressured by lower deliveries and the need for price cuts. Investors are curious about how Musk plans to finance the costly AI research necessary to support Tesla's transformation.
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Bain Capital backs Dhoot Transmission in second India auto-component bet
VCCircle
·
6m ago
Medial
Bain Capital is acquiring a significant minority stake in Dhoot Transmission Group, marking its second recent investment in India’s auto component sector. This move aims to enhance Dhoot’s innovation and global expansion. Bain had previously invested in RSB Transmission. India’s auto component sector is attracting private equity despite a slowdown in the broader auto industry post-pandemic. Dhoot Transmission, founded in 1988, specializes in wiring harnesses and other automotive components.
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How Elon Musk and Tesla Helped Spark the Auto Strikes
Wired
·
1y ago
Medial
Elon Musk and Tesla have played a significant role in sparking the current auto industry strikes in the US. Although Musk hasn't physically joined the picket lines, Tesla's influence has been widespread. The rise of Tesla as the world's most valuable automaker has forced legacy automakers like General Motors, Ford, and Stellantis to pledge billions in global investments and restructure their operations to compete in the electric vehicle market. The shift to electric vehicles could potentially result in fewer union jobs, leading to concerns for workers. Tesla's cost-cutting practices and novel production ideas have also put pressure on legacy automakers to seek new efficiencies.
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You might soon see Tesla cars on Indian roads
Economic Times
·
1y ago
Medial
India is reportedly nearing an agreement with Tesla that would enable the electric car manufacturer to import its vehicles to India from next year and establish a factory within two years. A potential announcement could be made at the Vibrant Gujarat Global Summit in January. Tesla would consider an initial minimum investment of about $2 billion for the plant and aims to increase auto parts purchases from India to around $15 billion. No final decision has been made, and plans could change.
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VW CEO: Chinese automakers should be allowed to avert tariffs by investing in EU
Livemint
·
10m ago
Medial
- VW CEO, Oliver Blume, suggests a shift from punitive tariffs to mutually beneficial credit for investments. - The European Union plans to impose tariffs on China-made electric vehicles, despite opposition from Germany and its carmakers. - The proposed tariffs could cost carmakers billions of dollars and would be implemented from next month for a period of five years. - The move highlights a significant trade dispute between the EU and China, marking the largest in a decade. - The EU aims to protect its own car industry and create a level playing field by imposing these tariffs.
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Women buy more cars, so why are the designs so macho?
Wired
·
1y ago
Medial
The article titled "Why Men-Only Design Culture Dominates the Auto Industry" discusses the dominance of a male perspective in automotive design, despite women accounting for a significant portion of car buyers. The article highlights examples such as Tesla's Cybertruck and Nissan's Hyper Force concept as emblematic of the overtly masculine aesthetic in car design. It explores the historical lack of female representation in design leadership roles and the consequences of excluding women's perspectives. The article also examines the potential for more inclusive and innovative design approaches in the future.
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RIP Apple Car. This Is Why It Died
Wired
·
1y ago
Medial
Apple has reportedly ended its car project, internally known as "Project Titan," after years of speculation and development. The company will now shift its focus to generative artificial intelligence (AI). Designing and manufacturing a car proved to be complex for Apple, who realized the need for partnerships in the automotive industry. While other tech giants are still pursuing auto projects, Apple's experiment faced challenges with executive turnovers and changing industry dynamics. Despite this setback, Apple maintains a strong presence in the automotive industry through its CarPlay infotainment system, which is widely adopted by major car manufacturers.
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