Connect with us

Auto

Tesla: Volkswagen CEO drives Tesla Model Y, calls it a ‘reference’ car

Published

on

BERLIN: Soon after Tesla CEO Elon Musk paid a friendly visit to Volkswagen CEO Herbert Diess to get a special look at VW’s new upcoming electric cars, Diess drove Tesla Model Y, saying it was a “reference” car for the German automaker.
The carmaker confirmed that there’s no deal in the making between the two automakers and it was basically just Diess checking out Musk’s latest electric car, reports Electrek.
“Of course, I also tested a Tesla Model Y with my colleague Frank Welsch. This car is for us in many aspects (not in all!) a reference: user experience, driving features, the performance of the top of the range models, charging network, range,” the report quoted Diess as saying.
Diess has often praised Tesla and Musk’s approach to electric vehicles and recently predicted that Tesla could become the most valuable company in the world.
“Elon Musk delivers results that many did not think possible. They show: you can be profitable with electric cars. As one of few car manufacturers (Porsche AG also, for example), Tesla will drive through the corona crisis without a quarter of losses,” Diess wrote on LinkedIn in July this year.
Before returning to the US after a three-day visit to Germany last week, Musk also visited CureVac to assess the company’s progress in its partnership with Tesla. The project’s goal is to manufacture RNA printers intended to distribute the company’s upcoming Covid-19 vaccine.
In addition, Musk met with German officials related to support for Gigafactory Berlin.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Auto

‘COVID-19: Minimum touch ethos to be key value drivers for auto makers for connected cars’

Published

on

By

As the coronavirus pandemic heightens dependency on smartphones, digitisation, health, and hygiene, convenience-led customer experience with minimum touch ethos will be key value drivers for automobile manufacturers for their connected cars, according to Deloitte.

Automakers will need to build a connected car strategy that contains a differentiated customer experience at its core backed by technological innovation and data insights to cater to the new-age digital consumer, the consultancy firm said in its latest automotive report.

“Today, deeper customer engagement via added components of enhanced data-driven customer experience provides OEMs (original equipment manufacturers) the opportunity to monetise data and increase product stickiness,” Deloitte India Partner and Leader-Automotive Rajeev Singh said in a statement.

He further said while designing the right customer experiences, cybersecurity will go hand in hand with the ease of using various features.

“For OEMs to thrive in the new normal, there is a need for them to expand horizons of development and partnership strategies across a wider gamut of the industry ecosystem,” Singh added. It will help cater to the increasing demand from the discerning Indian consumer while elevating product development and servicing standards, it added.

As COVID-19 elevates, the dependency on smartphones, digitisation, health, and hygiene is taking centre stage. A connected car’s proposition of minimum touch ethos, user preference awareness, and convenience-led customer experience will be key value drivers for OEMs, Deloitte said.

Citing a survey conducted by it, Deloitte said 69 per cent of Indian customers are concerned with the security of biometric data generated and shared with external parties by connected vehicles.

It added that 81 per cent are comfortable sharing their data with OEMs, dealers, and commercial third parties, if they receive significant benefits in return.

However, only 35 per cent of consumers say they would most trust a car manufacturer to manage their connected data, it added.

The consultancy firm said some of the emerging trends in connected cars include personalisation in in-vehicle infotainment; simplicity of tasks and having features like voice recognition and cybersecurity, among others.

It further said, “Consumers are always on the lookout for tailored experiences and seamless transitions from car to home as they wander in the technologically changing lifestyle.”

Vehicle-to-home connectivity helps customers get more work done, irrespective of whether they are at home or elsewhere, it added.


Source link

Continue Reading

Auto

Passenger vehicle, 2-wheeler wholesales to decline over next few months: Ind-Ra

Published

on

By

NEW DELHI: Domestic passenger vehicle and two-wheeler wholesales will come down in the next few months as inventory levels remain high at dealer level, according to rating firm India Ratings and Research (Ind-Ra). The overall auto industry would however continue to grow in the next few months, it noted.

“With the festive season now over in India, the rating agency expects wholesale billings to moderate in the next couple of months, given that the inventory at dealer level for passenger vehicles (PVs) and two-wheelers is already at higher than the 21 days recommended by Federation of Automobile Dealers Association (FADA),” Ind-Ra said in a statement.

However, it expects the overall automotive industry to continue to revive in the next two to three months, in line with improving economic indicators, it noted.

Over the past two-three months, original equipment manufacturers (OEMs) had been focusing on stocking-up at dealership level ahead of the peak demand expected during the festive season in October-November, Ind-Ra said.

Consequently, production levels had surged since August 2020, with production volumes for PVs and two-wheelers up 32 per cent and 40 per cent (year-on-year), respectively, in October this year, it added.

“However, the continued higher wholesale billings than retail registrations during August-October have led to a considerable inventory build-up at the dealership level, particularly for two-wheelers, with the retail sales lagging behind wholesales during this period,” Ind-Ra noted.

At October-end this year, average inventory for PVs at dealership level stood at 35-40 days as compared with 25-30 days in the same period last year.

Similarly, average inventory for two-wheelers at dealer level at October-end remained high at 50-55 days as against 35-40 days in October-end last year, Ind-Ra said.

Retail registrations of PVs fell 9 per cent (year-on-year) in October this year, while the decline was much higher for two-wheelers, commercial vehicles and three-wheelers at 27 per cent, 30 per cent, and 65 per cent (year-on-year), respectively, the rating agency said.

It suggests that demand at the consumer level is yet to reach the pre-COVID levels despite the festive season tailwind, it added.


Source link

Continue Reading

Auto

Toyota Kirloskar Motor: Karnataka Employers’ Association calls for tough action to end Toyota Kirloskar stir at Bidadi

Published

on

By

Bengaluru: The Karnataka Employers’ Association has written to the state government asking it to take stern action against employees who have resorted to protests outside the Toyota Kirloskar Motor (TKM) manufacturing facility at Bidadi, 40 km off Bengaluru.

In a letter to chief secretary TM Vijay Bhaskar, association president BC Prabhakar has expressed concerns over the possibility of the strike spreading to other industries as well. “We request you to take immediate steps to declare curfew around the premises of TKM, Bidadi, and take stringent action including arrest of troublemakers and also bar them from entering the Bidadi area,” the letter said.

Unless timely steps are taken, there is a possibility of such employee unfair practices spreading to other industries. This will permanently damage the investment climate in Karnataka, the association stated as the protests at the facility has entered the third week.

While the company has declared a lockout for the second time, some employees have continued with the protest. Their demand is to withdraw the suspension of 40 employees and to address some employee grievances. The management, however, said that it will allow the employees to work if they give an undertaking that they will not to indulge in anti-company activities and meet the production target.

Prabhakar said the strike and the lockout were sending a wrong signal to investors especially when several companies are seeing Bengaluru as a possible destination in the backdrop of anti-China sentiments. Karnataka has introduced several industry-friendly policies and laws recently. All of these will be futile if the strike at Toyota continues, he told ET.

In the letter, KEA has accused the president of TKM Employees Union of mobilising 500-600 workmen daily and making derogatory speeches. “It is noticed that the president is urging other factory workers to support the illegal agitation and this will totally vitiate the industrial relations in the entire area,” the letter said.


Source link

Continue Reading

Breaking News

Shares