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Showing posts with the label Hyundai

Why NITI Aayog believes electric car goal may raise cyber-security risks

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While China manufactures everything from a chip to a converter for its electric vehicles, Indian automakers use imported electronic equipment LATEST NEWS : India’s dependence on imported components for electric vehicles could make the country vulnerable to cyber-security breaches, according to the government’s chief policy think-tank. India should manufacture the majority of the parts needed for its electric vehicle fleet as equipment shipped from overseas could be compromised, V K Saraswat, a member of the think tank, Niti Aayog , said in an interview. All of the software and at least 55 percent of the components need to be made domestically to keep electric vehicles and the grid secure. “There has to be a push toward local manufacturing,” Saraswat said. Prime Minister Narendra Modi’s administration said last year it aims to have mostly electric vehicles by 2030, in a country where about 3 million fossil fuel powered passenger vehicles sell annually. In an attempt to...

M&M, Ford brace for a joint ride to develop electric vehicles, expand reach

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Teams from both companies will work together for a period of up to three years LATEST NEWS :       Homegrown utility vehicle major Mahindra & Mahindra (M&M) and American auto major Ford have decided to look at joint development of products, especially electric and connected vehicles. The partnership will also look at expanding Ford’s reach in the domestic market and Mahindra’s access to global markets. The announcement comes less than three months after Tata Motors (the only other homegrown player in domestic car market) decided to end partnership talks with Volkswagen group. “The changes facing the automotive industry globally are triggered by the accelerated rise of new technologies, sustainability policies and new models of urban shared mobility. Given these changes, we see the need to anticipate new market trends, explore alternatives and look for ways to collaborate even as we compete and build powerful synergies that will allow rapid...