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Long-term policies, stable regulatory roadmap required for auto sector: Toyota

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NEW DELHI: A stable long-term regulatory roadmap and policy framework is required for the domestic auto industry, which is currently reeling under a prolonged slowdown, Toyota Kirloskar Motor (TKM) Vice Chairman Vikram Kirloskar said on Friday.

Speaking at SIAM annual convention here, Kirloskar said long-term policy framework is important to safeguard industry competitiveness.

“Today we stand at crossroads with various technological pathways and alternate energy options available for cleaner, greener sustainable future. We need to pause and revaluate our options keeping in mind the recent geopolitical developments, ultimate national objectives including building a self-reliant India and safeguarding industry competitiveness,” Kirloskar said.

Based on this, it is essential that a long-term stable regulatory roadmap and policy framework is created for the sector, he added.

The auto industry had built a lot of resources over the years but in this one year it lost almost all of it, Kirloskar said.

“In the future, as we go along, there should be long-term plans for the automotive segment.. it would help this industry reach the pinnacle of the economy once again,” he added.

Kirloskar, however, sought a relook at timelines of upcoming regulations due to the ongoing slowdown and COVID-19 situation.

“As an industry we have always requested that there should be no changes to regulations once they are decided and notified. However, the adverse impact of the pandemic on the industry is unprecedented and it warrants a relook at timelines of future regulations like fuel efficiency norms and BS-VI second phase,” he noted.

Policy interventions and regulations should focus on larger national imperatives and be technologically neutral, Kirloskar said.

Globally this approach has given good results, he added.

“One good example is linking taxation to fuel efficiency and carbon emissions, this is a simple transparent and impactful approach,” Kirloskar noted.

He added that the government should also come up with a national fuel road map.

“Given the multitude technologies for cleaner alternative fuel options, having a comprehensive integrated national fuel road map will help industry make informed investment decisions,” Kirloskar said.

As the auto sector traverses through this turbulent phase, it is fully confident of the continuous support of the government in taking necessary steps to revive the economy, he noted.

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Tesla job openings for Semi truck production lines in Nevada

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Tesla CEO Elon Musk shows off the Tesla Semi as he unveils the company’s new electric semi truck during a presentation in Hawthorne, California, U.S., November 16, 2017.

Alexandria Sage | Reuters

Recent job listings show that Tesla is moving ahead with its long-delayed plans for its electric Semi truck, an initiative it first unveiled in 2017.

Three current job listings call for employees to work on “Semi-Truck production lines” in Sparks, Nevada. That’s where Tesla already makes batteries for its electric vehicles, in partnership with Panasonic.

Tesla announced the Semi in November 2017, and said at the time that it would deliver the trucks to customers in about two years. At that time, the company said it would sell a 300-mile range version of the Semi for $150,000, and a 500-mile range version for $180,000, and that the trucks would go from 0-60 miles per hour in 5 seconds without cargo, or 0-60 in 20 seconds with an 80,000 pound load.

After taking reservations for the trucks from companies such as Anheuser-Busch, DHL Group, PepsiCo, Pride Group and Walmart, Tesla announced Semi production delays during a third-quarter earnings call in 2019, and again in April 2020.

In June 2020, Musk sent an e-mail to all employees at Tesla that called for “volume production” of the Semi.

“It’s time to go all out and bring the Tesla Semi to volume production. It’s been in limited production so far, which has allowed us to improve many aspects of the design.” Musk also said in that memo, “Production of the battery and powertrain would take place at Giga Nevada, with most of the other work probably occurring in other states.”

But in the company’s third-quarter 2020 financial filing, Tesla only mentioned its Semi initiative twice, saying it was “in development,” and noting U.S. locations for Semi production were yet to be determined.

More recently, in an interview at the European Conference on Batteries November 24, 2020, Musk boasted that Tesla was aiming for a Semi that could go even further on a single charge than originally promised, saying “You could take the range, for long-range trucking, easily up to 800 kilometers and we see a path over time to get to 1,000 kilometer range with a heavy duty truck.”

The company has a few prototype Semi trucks that have been in operation for over a year. But Musk has not disclosed when full-fledged production of the Semi, or longer range batteries for it, could begin.

Today, Tesla is taking $20,000 refundable reservations to order a Semi. (It initially required $5,000 per reservation.) The base price for a 300-mile range version is listed at $150,000, and for a 500-mile range at $180,000. Prospective customers can also order a “Founders Series” Semi for $200,000.

Meanwhile, Daimler is in small-scale production with its heavy duty eCascadia electric trucks in the U.S., and Quebec-based Lion Electric has plans for a SPAC, a new U.S. factory, and has inked a deal to deliver up to 2,500 battery-powered electric trucks to Amazon over the next five years.

Investors will likely press Tesla for details on the status of its Semi program on its Q4 2020 earnings call on Jan. 27.

Tesla did not immediately respond to a request for comment.


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Luxury carmakers line up 70 launches for 2021, expect V-shaped recovery

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Mumbai / New Delhi: Luxury carmakers in the country are betting on a V-shaped recovery with most predicting 25-40% growth in sales this calendar year, driven by more than one car hitting the roads every week on an average.

Luxury carmakers have lined up about 70 launches – including all-new models, facelifts and variants – this year, which is almost double of Covid-hit 2020 when lockdowns and supply chain challenges forced most firms to defer rolling out of new vehicles.

The biggest product action will come from BMW, which plans 25 launches this year, followed by market leader Mercedes Benz with 15 new products planned and Jaguar Land Rover with 10. Audi and Volvo have lined up seven and five new launches, respectively, this calendar while another 6-8 launches will come from sports car and super luxury car makers such as Porsche, Lamborghini, Ferrari, and Rolls Royce.

Mercedes Benz India managing director Martin Schwenk said the industry will get back to a normal growth track in 2021-2022 with customer base will grow on the back of financial growth in the Indian economy.

“We expect to grow by over 40% for the next two years,” Schwenk told ET. “The fundamentals of GDP growth and per capita will drive demand. The momentum is there; it is carried forward by new products. There is a generally positive market outlook. New products will definitely help us to sustain the momentum. It will be a completely fresh portfolio of 15 cars.”

Industry officials expects the luxury car market to record sale of 28,000 to 33,000 units in 2021, up from 20,000-21,000 last year.

As the economic recovery gains momentum and sentiment improves on the back of Covid-19 vaccination drive and fall in new infections, vehicle makers are confident of a strong double digit growth.

Balbir Singh Dhillon, head of Audi India, said the worst is over for the luxury car market. It will be a busy 2021 from Audi with a clear strategy focused on four pillars on strength – customer centricity, digitalisation, network and products, he said. The company aims to more than double its volumes in 2021.

BMW expects a minimum of 25-30% growth in 2021. Vikram Pawah, MD of BMW India, said the company has seen rapid recovery month on month after the third quarter of 2020.

“We will aim to outpace the market because of 25 new launches planned for 2021,” Pawah told ET. “This has to be the highest level of product action from the company. The demand for personal mobility is moving up, it is evident from consumer behaviour. With the time to spend with our family, there is a lack of international and local travel, there are a lot of driving holiday concepts coming up as well, which is increasing the demand for premium and luxury cars as well.”

Rohit Suri, MD of JLR India, said the British luxury carmaker owned by Tata Motors has planned 10 new product actions for 2021 on the back of quick recovery.


LUXURY EVs DRIVING IN


It is going to be an action packed year for luxury electric vehicles, too, with Jaguar I-Pace, Mini Cooper electric car, Audi E-Tron, Porsche Taycan, Tesla Model S and Volvo XC40 Recharge expected to hit the roads.

A Volvo Cars India spokesperson said the Swedish luxury carmaker expects its sales pace to further improve in 2021 on the back of all-new S60 to be launched in March followed by all-new electric vehicle XC40 Recharge.

While the industry is bullish, experts foresee bottlenecks of supply chain and high taxes continuing to impact overall market recovery.

Ravi Bhatia, president of automotive industry analytics firm Jato Dynamics India, said the premium vehicle segment has struggled for growth in India with sales halving since 2018 from 41,000 to about 20,000 in 2020.

“There are several factors holding back the growth of the luxury market in India,” he said. “The OEMs (original equipment manufacturers) continue to struggle with growth in face of heavy taxation and limited size of ultra HNIs (high net-worth individuals) in India. Also, culturally, Indians are uncomfortable with bold and in-your-face display of wealth. This has forced luxury carmakers to play on backfoot, be it in product, pricing and distribution strategy.”

Bhatia said sluggishness in the market may continue in 2021 and supply side challenges, especially on the semi-conductor front, may play a spoilsport due to high dependence on chipsets in luxury cars. This may not allow the industry to reach the 2019 sales levels of 33,000 units, he said.

While the Indian luxury car market is struggling, the Chinese luxury car market has grown from strength to strength to reach 3.6 million last year.


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Tata Motors hikes prices of passenger vehicles in a bid to offset rising input costs

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NEW DELHI: Tata Motors on Friday said it has increased prices of its passenger vehicle (PV) range by up to Rs 20,000 to offset rising input costs and semiconductors. The company joins others like Maruti Suzuki and Mahindra & Mahindra, which have also hiked their vehicles’ prices. “Rising input costs and material costs of steel, precious metals and semiconductors have compelled the company to pass on the part of the cost to customers,” Tata Motors said in a regulatory filing. The company further said, “Tata Motors has marginally increased prices from 0 to Rs 26,000, depending on the variant.

Continuing its commitment towards customers, the company will also offer protection from the price increase to customers who have booked Tata passenger vehicles on or before January 21, it added.

Tata Motors currently sells PVs ranging from hatchback Tiago with starting price of Rs 4.7 lakh to SUV Harrier tagged at Rs 19.1 lakh (ex-showroom Delhi).

Tata Motors said its PV business has been witnessing strong demand for its ‘New Forever’ range of Cars & SUVs and grew by 39 per cent in financial year 2021 over financial year20.

In the third quarter of financial year 2021, Tata Motors also registered the highest ever sales in the last 33 quarters and continues to work on debottlenecking the supply chain and ramping up its output to meet the increased demand, it added.

On Monday, Maruti Suzuki India had said it increased the price for select models by up to Rs 34,000 to offset the adverse impact of rising input costs. Earlier this month, Mahindra & Mahindra announced a hike in prices of its range of personal and commercial vehicles by around 1.9 per cent.


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