Focus (Ford)

Apr 22, 2019

On April 19, Volkswagen informed that its Pune Plant achieved a milestone as the one millionth car rolled out of its assembly line. The celebratory car, the made-for-India Volkswagen Carbon Steel Ameo.
The plant which was initially set up for catering to the Indian market, also started exporting cars to various other markets beginning with South Africa in 2012.
Mexico went on to become one of the most important destinations for the made in India cars.
The Volkswagen Group is further strengthening its commitment and hold in the market through its regional project INDIA 2.0.
The focus of this project is to develop more cars that are relevant to the requirements of the Indian market on a platform that has been localized. The Volkswagen Group is investing EUR 1 billion in this project and has already set up a Technology Centre at the Pune Plant to start local development.

VW India press release

Apr 22, 2019

On April 18, 2019, the Vietnam Chamber of Commerce and Industry (VCCI) and the Malaysia External Trade Development Corporation held the workshop to discuss business opportunities between Vietnam and Malaysia in the automobile component industry. At the workshop, Malaysian Ambassador to Vietnam revealed that Vietnam was an attractive market for car manufacturing given its young population and favorable investment policies and that Malaysian firms expected to co-operate with partners in Vietnam to explore the market and establish strategic business relationships.
According to Ministry of Industry and Trade, Vietnam’s automobile industry still had a low local procurement rate, adding that it was vital for domestic car manufacturers to increase their rates to improve competitiveness, especially because under ASEAN Trade in Goods Agreement (ATIGA), import taxes on cars from other ASEAN countries to Vietnam were eliminated.
It was critical for Vietnam to engage in the global value chain of the car manufacturing industry, adding that focus should be placed on developing a healthy domestic car market, promoting car manufacturing and assembly, and developing an industry to supply parts.
(From an article of Vietnam News on April 18, 2019)

Apr 19, 2019

On April 17, Hyundai introduced its all-new eighth-generation 2020 Sonata at the New York International Auto Show.
Based on Hyundai’s innovative third-generation vehicle platform, production of the 2020 Sonata starts in September 2019 at the company’s plant in Montgomery, Alabama, and retail sales begin in October.
The 2020 Sonata represents Hyundai’s new focus on creating emotional value using technology, proportion, and styling that includes a chrome strip with graduated LED Daytime Running Lights embedded with Hidden Lighting Lamps.
Customers can choose between a 2.5-liter GDI engine that produces 191 hp and 181 lb-ft of torque, and a 1.6-liter turbocharged T-GDI engine that produces 180 hp pand 195 lb-ft of torque, both mated to an eight-speed automatic transmission.
The 2020 Sonata is equipped with Hyundai’s latest SmartSense advanced driver assistance systems that use three radar sensors, 12 ultrasonic sensors and five cameras to support standard Forward Collision-Avoidance Assist, Lane Keeping Assist, and Advanced Smart Cruise Control with Stop and Go features and optional Highway Driving Assist.
The 2020 Sonata supports Hyundai’s Digital Key, which utilizes Near Field Communication (NFC) technology, via a dedicated smartphone app.

(Hyundai press release on April 17, 2019)

 Parts Procurement Status