passenger cars, with a focus on electric vehicles (EVs). Approved applicants must invest a minimum of INR 41.5 billion (approximately USD 483 million) over three years and will be allowed to import up to 8,000 completely built-up EVs (CBUs) with a minimum price of USD 35,000, including freight and insurance, per year at a 15% tariff rate for five years from the date of approval of the application. Any unused import quota can be carried forward. ...

Market & Tech Reports  Updated at: 2025/06/25

ee pillars: Car subscriptions (MOCEAN), which are limited to Hyundai and Genesis models Connected car and charging services, such as Bluelink® enabling in-car payment, digital features and services on demand, and many more Data exposure and services, enabling monitization of fleet and usage-based insurance data   Mrs. Yagis' part of the presentation focused on the importance of considering the user context for a holistic in-car brand experien...

Market & Tech Reports  Updated at: 2025/05/16

with a proprietary data algorithm, compares it to known causes of accidents, and provides users with a safety score based on the driver's vehicle operation and distractions; the safer the driving behavior, the higher the score. Autoliv also says that individual "Safety Scores" can be used to reduce insurance costs. In July 2018, Autoliv announced that it has joined the Future Occupant Safety for Crashes in Cars (OSCCAR) project in Europe to impro...

Market & Tech Reports  Updated at: 2025/04/24

ted components, have also resulted in production disruptions.   Besides, in recent years, the depreciation of the Indian Rupee (INR) has made luxury cars more expensive due to their import structure.   Custom duty on import Criteria / Applicability Import Duty in % Cars CBUs whose CIF (cost, insurance and freight) value is more than USD 40,000or Gasoline engine> 3000 CCor Diesel engine > 2500 CC 100 Cars CBUs whose CIF value is less than...

Market & Tech Reports  Updated at: 2024/12/23

us ADAS/AD function improvement(Source: ReVision Summit presentation materials) 5-3) Use Case (1)(Source: ReVision Summit presentation materials)   Use Case (2): “Reliably and efficiently transfer video data to the cloud” will be explained. Services using a variety of video such as AD/ADAS, insurance, security, emergency response, and VLOG* are on the rise. As a means of communication, uploading via cellular communication is expected to e...

Market & Tech Reports  Updated at: 2024/11/11

3 by June 2024 or 239 crashes per 100 million miles. Crashes with any property damage had the highest crash rate at 496 per 100 million miles with both San Francisco and Los Angeles having higher crash rates.   Waymo made comparisons to average human crash rates. The human crash rates are based on insurance industry crash data that are compared to same zip codes where Waymo’s robotaxis had crashes. VSI believes this is good comparison when rel...

Market & Tech Reports  Updated at: 2024/10/30

strategy in the U.S.   On the other hand, OnStar in the U.S., shown in the table above, developed by focusing its services on safety. The main services were automatic notification in the event of an accident or location confirmation in the event of a stolen car. By connecting these functions with insurance, a business model with insurance companies was also established. By focusing on the accident and safety aspects, the OnStar system was conce...

Market & Tech Reports  Updated at: 2024/10/03

ones”. In March 2023, a drone equipped with PARASAFE received type certification under the Civil Aeronautics Act. In September 2023, the company announced that it had participated in the "FY2023 Drone Social Implementation Promotion Demonstration Project" together with Tokio Marine & Nichido Fire Insurance Co., Ltd., and had begun efforts to verify the effectiveness of "PARASAFE" and develop "drone insurance."   Airbag cushions (bags) Sumisho...

Market & Tech Reports  Updated at: 2024/09/12

ed Electric Bicycles (NMEBs). These vehicles do not require registration with RTOs as well as driving licenses. As per the rules of CMVR (Central Motor Vehicles Rules), a low-speed electric two-wheeler can attain a maximum speed of 25 kilometers per hour and a maximum power output of 250 watts. The insurance is also not mandatory for these vehicles.   The high-speed electric two-wheelers must have a speed above 25 kilometers per hour and be regi...

Market & Tech Reports  Updated at: 2024/07/31

o buy from a dealership, leveraging Renault Group's network of 4,700 dealerships across Europe and 30,000 EV-trained staff.   Ampere can take full advantage of the value chain that the Renault Group has built. In addition, "Mobilize" will support the company with financing, leasing, subscriptions, insurance, and energy services including charging, while "The Future is Neutral" will support circular economy initiatives such as the use of renewabl...

Market & Tech Reports  Updated at: 2024/07/12

President, NIO Power   Mr. Fei SHEN, Senior Vice President of NIO Power, gave a presentation on "Building a Sustainable Charging and Battery Swap Network," focusing primarily on energy and service solutions on highways.   As of March 2024, the total number of NEVs covered by compulsory traffic insurance in China exceeded 21 million. Charging and cost barriers still stand in the way of electric vehicles entering the mainstream phase. Vehicles...

Market & Tech Reports  Updated at: 2024/07/11

with a proprietary data algorithm, compares it to known causes of accidents, and provides users with a safety score based on the driver's vehicle operation and distractions; the safer the driving behavior, the higher the score. Autoliv also says that individual "Safety Scores" can be used to reduce insurance costs. In July 2018, Autoliv announced that it has joined the Future Occupant Safety for Crashes in Cars (OSCCAR) project in Europe to impro...

Market & Tech Reports  Updated at: 2024/04/25

January this year, average sales per day was 65.7k units, virtually the same as 65.2k units in January 2023. By that measure, January sales this year were as weak as the January 2023 sales. At the beginning of January 2024, Tesla launched a new round of incentives, including low financing rates and insurance subsidies. And immediately after Tesla’s announcement, other major OEMs followed suit. Yet, the positive impact of the “price war” app...

Market & Tech Reports  Updated at: 2024/02/21

ers at some plants will be abolished. Job security during transition to EV production ・1,200 employees who were laid off at the non-operational Belvidere Plant (Illinois) were shifted to the status of “temporary lay off”. (They will be provided supplementary unemployment benefits and health insurance until the plant resumes operations.) Vehicle assembly plants Stellantis plans to invest USD 18.9 billion in its U.S. plants by April 2028:...

Market & Tech Reports  Updated at: 2024/01/29

l systems. (1) Main demands for next-generation batteries   Mr. MIAO pointed out that the main demands for next-generation batteries will come from the market. The installed capacity in NEVs has been increasing every year, and the penetration rate in September 2023 reached 36.4%. According to auto insurance subscription statistics in the period January-September 2023, PHEVs grew 91.3% y/y, while BEVs grew 22.7% y/y. Mr. MIAO believes that althou...

Market & Tech Reports  Updated at: 2023/12/25

he relationship with users who actually use the cars, and in the future, it will become a "recurring" business through the provision of apps and other services. He noted that this will lead to the creation of a cross-industry ecosystem involving companies outside of the automotive industry, such as insurance, navigation, advertising, and energy management. Business model changes associated with SDV realization (Source: Nissan Motor Co., Lt...

Market & Tech Reports  Updated at: 2023/12/20

at 12%.   1.5 Installation rates of center clusters, LCD meters, voice response systems, multi-display interaction, and connected systems in 2020, 2021 and 2022   In addition to domain controllers, this report collects the installation rate of major intelligent cockpit products in Chinese new car insurance policies over the past three years (2020, 2021, and 2022). The five main products of interest are: 1) Percentage of new vehicles equipped wi...

Market & Tech Reports  Updated at: 2023/12/15

has developed and implemented automotive interaction scenarios based on the capabilities of ERNIE, and some of the functions may be quickly adopted in mass-produced models by Great Wall Motor, Lynk & Co, smart, and others. Big data joint laboratory On September 5, 2023, Great Wall Motor, Ping An Insurance (Group) Company of China Ltd. (Ping An), and the China Academy of Information and Communications Technology (CAICT) signed a partnership agr...

Market & Tech Reports  Updated at: 2023/11/10

orks. The "Network" Era(from 2025) Linking "stations + terminals"Deeply linking charging networks and vehicles, batteries, energy, and peopleCharging networks would be the largest application case of the Industrial Internet Automotive data: Vehicle maintenance data, used vehicle transaction data, insurance data Battery data: Safeguards, cascade use, residual value assessment, battery disassembly Energy data: Charging network-microgrid-energ...

Market & Tech Reports  Updated at: 2023/08/08

obiles Rus, a Chery Automobile joint venture in Russia, announced that it will establish an official dealer network in Russia. It will expand automotive business throughout Russia. The dealerships will offer vehicle sales, after-sales service, sales of genuine spare parts and accessories, loans and insurance, and services for the OMODA-brand used car purchase program. In March 2023, Chery Automobile subsidiary Kaiyi opened its first dealership....

Market & Tech Reports  Updated at: 2023/06/19