- KG Mobility
- SUVs
- Strategic
- Collaboration
- Chery Automobile Co.
- Korea
- China
KG Mobility To Develop SUVs With Technology From Chery
- by MT Bureau
- October 28, 2024
KG Mobility of Korea – known previously as SsangYong Motor – will develop a series of SUVs on a platform licensed from China’s Chery Automobile Co. In this direction, KG Mobility signed a strategic partnership and platform license agreement with Chery Automobile Co. in October 2024.
The agreement (claimed to have a span of eight years) was signed in the presence of KGM Mobility Chairman Jea-sun Kwak, company CEO Ki-young Hwang, and Chery Group's Chairman Yin Tongyue. Cherry Automobile Co. President Zhang Guibing was also present at the signing ceremony.
Encompassing the development of cutting-edge technology, reduce product development time and adapt to market changes, the strategic collaboration agreement between Chery Automobile Co. and KG Mobility is expected to enable the latter to build mid-to-large SUVs that provide differentiated mobility value.
The agreement includes sharing the intellectual property of the T2X platform, claim sources. T2X is a technology the Chinese automaker Chery Automobile Co. uses to manufacture plug-in hybrid vehicles.
To enable KG Mobility to respond to market changes quickly and also to roll out models for global markets, the strategic collaboration marks a significant development for the KG Group of Korea.
The regulatory filing notes, sources cited, highlight that the area to be impacted includes all countries in the world except China and United States.
Hwak mentioned, "As a member of the KG Group family, KGM has successfully launched new models such as the Torres EVX and Actyon, as well as various improved models, boosting sales volumes and reinforcing our global market penetration while achieving business normalisation. Through this strategic partnership and technical collaboration with Chery Automobile, we will be able to develop a wider range of models, shorten development times, and launch new models that meet customer needs, allowing us to respond to the rapidly changing automotive market."
- Ola Electric
- Ola Futurefactory
- International Convention on Quality Control Circles
- ICQCC
- shopfloor
Ola Electric’s Futurefactory Bags 5 Gold Awards At 49th ICQCC
- by MT Bureau
- November 19, 2024
Ola Electric, one of India’s largest pure-play EV companies, has bagged five Gold Awards at the 49th International Convention on Quality Control Circles (ICQCC) held in Sri Lanka in November 2024.
This landmark recognition was achieved by the company’s all-women workforce from Ola Futurefactory in Krishnagiri, Tamil Nadu, who competed against industry peers from 14 countries.
The EV maker’s five teams won for the following projects –
Paint Shop: Innovation in optimisation strategies that slashes operational costs.
Motor Division: Enhancing product competitiveness by reducing Cost of Poor Quality (COPQ).
General Assembly: Accelerating time-to-market by increasing capacity in the front fork sub-assembly process.
Battery Shop: Improve battery pack productivity in order to meet the growing customer demands.
Weld Shop: Improving robotics throughput to enhance operational efficiency and streamline workflows.
Ola Electric acknowledged the role of its women-led teams from rural backgrounds, who showcased their work at the factory’s paint shop, motor shop, general assembly line, battery shop, and welding shop.
“This recognition at ICQCC is a testament to our relentless pursuit of excellence with our incredibly talented women at the helm of the EV revolution at our Futurefactory. It reflects our ethos of blending innovation with empowerment and setting new benchmarks on the operational-heavy automotive shop floors, which are traditionally dominated by men. We are extremely happy to have started this shift in the Indian automotive manufacturing landscape and are committed to bringing more women on the shop floors,” commented an Ola spokesperson.
- Siddharth Kirtane
- appointment
- President
- EV Division
- e-truck
- heavy-duty
- Propel Industries
- coimbatore
Siddharth Kirtane Appointed President, EV Division, Propel Industries Private Limited
- by Bhushan Mhapralkar
- November 18, 2024
Coimbatore-based Propel Industries Private Limited has announced the appointment of Siddharth Kirtane as the President of its EV Division that makes heavy-duty e-trucks for construction and mining applications. Propel Industries – specialising in the manufacture of crushing equipment – homologated its electric heavy-duty Tipper (470 HEV) is September 2024 and has since been offering it in two battery variants—385 kWh and 256 kWh.
With a long-standing experience in the commercial vehicle industry in India as Head – Brand and Marketing, Volvo Trucks India; as Business Head – Construction and Infrastructure, Volvo Eicher Commercial Vehicles Ltd, and as Vice President, Marketing, Daimler India Commercial Vehicles, Kirtane will leverage his knowledge and expertise to scale up the EV business in his new role.
- festive season
- 42 days
- 2024
- FADA
- statistics
- sales
- automotive
- India
Automobile Sales This Festive Season Exceed That Of The Last Festive Season
- by MT Bureau
- November 15, 2024
The 42 days festive period vehicle retail data for 2024 that the Federation Of Automobile Dealers Associations (FADA) has released, the overall sales of automobiles during this festive season have exceeded that of the last festive season.
"I am delighted to announce that the automobile retail sector has achieved a new milestone, surpassing last year's festive records. We witnessed a remarkable surge in numbers since the beginning of Navratri, nearly hitting our forecasted target with 42.88 lakh vehicles registered during this period — a growth of 11.76 percent over last year's 38.37 lakh units,” mentioned C S Vigneshwar, President, FADA.
Two-wheeler sales were particularly robust, according to him, registering a 13.79 percent growth to reach 3.31 million units, largely driven by strong rural demand.
Passenger vehicle sales bounced back after a decline of roughly two-to-three months with a growth of 7.10 percent to 0.6 million units, spurred by pent-up demand and unprecedented discounts available in the market.
Acknowledging that the target of 45,00,000-unit sales could have been fully met or even exceeded were it not for the unseasonal heavy rains in South India (especially in Bengaluru and Tamil Nadu) and the Cyclone Dana that affected Odisha, Vigneshwar averred, “FADA anticipates – as the festivities conclude – that passenger vehicle stock levels will reduce further from was reported in the October retail data press release.”
“FADA advises caution as the complete picture on inventory will emerge by month-end,” he added.
Stating that FADA urges OEMs to focus on liquidating 2024 stock so that Dealers can enter 2025 with ideal FADA-recommended 21 days of inventory, Vigneshwar said, “Its 1.5 months remaining before the calendar year ends.”
Category |
Festive Season 2024 |
Festive Season 2023 |
Growth Percentage |
Two-wheelers |
33,11,325 units |
29,10,141 units |
13.79 |
Three-wheelers |
1,59,960 units |
1,49,764 units |
6.81 |
Commercial Vehicles |
1,28,738 units |
1,27,436 units |
1.02 |
Passenger Vehicles |
6,03,009 units |
5,63,059 units |
7.10 |
Tractors |
85,216 units |
86,640 units |
- 1.64 |
Total |
42,88,248 units |
38,37,040 units |
11.76 |
- TIG welding
- workshop
- skill development
- upskilling
- Auto Cluster
- Chinchwad MIDC
- Pune
- 3 day workshop
- manufacturing
- automotive
TIG Welding Technology Workshop By Auto Cluster
- by MT Bureau
- November 15, 2024
The Auto Cluster Development And Research Institute, Chinchwad MIDC (Pune), is conducting a three-day workshop on TIG welding technology in its campus on 27-29 November 2024.
Lead by experts in the respective field such as Chandrakant Vaidya, who has over 40 years of experience in QAC and welding (and has worked at ENPRO Industries, Thermax and Babcock and Wilcox Energy System), and Vijay Patole, who too has over 40 years of experience in welding, the workshop will delve a variety of topics in the field of TIG welding.
Besides introducing the attendees to TIG welding, the workshop will delve into TIG welding theory, TIG welding equipment and setup, demonstration and hands-on practice, TIG welding techniques, welding different materials, welding positions and techniques, joint types, advanced TIG welding techniques, quality control, troubleshooting, weld quality inspection, final practice and project, industry-specific applications and welding equipment maintenance among other areas of knowledge and information.
The three-day workshop would include breakfast and lunch. The workshop has been specifically curated to ensure skill development and upskilling of those who are seeking to upgrade their skills in the respective field of manufacturing technology.
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