*Disclaimer: List of key companies in no particular order
Latest Company Updates:
October 2023- GM will be the automaker hardest hit by the Biden administration’s proposed new fuel economy standards, according to the American Automotive Policy Council, with The General said to be likely to rack up USD6.5 billion in penalties by 2033. The other Big Three automakers are also expected to pay ten-figure amounts but not as much as GM, with Stellantis estimated to pay USD3 billion and Ford USD1 billion in penalties during the same timeframe. The largest penalties likely to apply to a foreign automaker are the slightly more than USD1 billion in fines to be paid by Volkswagen by 2033 if the new CAFE standards are adopted, with the rest of overseas vehicle manufacturers paying less. Due to certain details of the new rules, compliance expenses per vehicle are estimated to be USD546 for foreign companies and USD2,151 for GM, Ford, and Stellantis. In particular, the new standards will sharply reduce the Petroleum Equivalency Factor for EVs, meaning each EV model will count for less in calculating a company’s overall average fleet fuel economy.
April 2022- The Altroz automatic launched in mid-March comes packaged with some of Tata’s technology prowess, which includes a dual-clutch automatic transmission and a slew of other features that make this car a cut above the rest. It was launched at Rs 809,900 (ex-showroom) at a premium of Rs 107,000 for its DCA transmission over the similar-spec trim with the standard five-speed manual gearbox on this hatchback. Tata filed 45 patents for the specifically developed gearbox in collaboration with its Belgium-based supplier, Punch Powertrain, which is the car’s unique tech feature. While the DCA will initially be imported from the supplier’s China plant, the vendor eventually plans to complete the localization of the gearbox in India to support the market. This will lead to better pricing and boost the prospects of the car vis-à -vis the competition.
Top listed global companies in the industry are:
- Benteler Automotive (Minchigan)
- Founder Land (China)
- IFB Automotive Private Ltd. (India)
- GNS America (U.S.)
- KVA Stainless (North America)
- Gestamp (Madrid Spain)
- AISIN Takaoka Co. Ltd (Japan)
- H-One Co. Ltd. (Japan)
- Arvin Sango Inc (Japan)
- Kirchhoff Automotive Gmbh (Germany), and others.