"As an outcome of the AMP 2026, we are planning that the Indian automotive industry will grow 3..3 per cent (from ETFs)," Dattatreya said on the sidelines of an Assocham event here."The markets are good and lets see the situation, but it is an encouraging one. With this, this year alone, it may go in totality to Rs."We request the auto majors to consider this seriously and fast enough. Also, suggest to us as to how to support this through an appropriate policy framework. 4,64,000 crore in 2015 to about Rs.5-4 times in value from its current output of around Rs. Thats why we have increased (investment)," he said. 45,000-crore mark by the end of this fiscal, Labour Minister Bandaru Dattatreya said on Thursday.New Delhi: The retirement fund body EPFOs investment in stocks through exchange traded funds (ETFs) would cross the Rs. We are already working towards this direction," he said.

The EPFO invested Rs.6,577 crore in 2015-16 and Rs."In the exchange traded funds, we have increased (investment) from 10 per cent to 15 per cent.Dattatreya also said the ministry is working on consolidating 44 labour codes into four in order to simplify them. 45,000 crore, and I feel (that) the rate of return last year was 13. 14,982 crore in 2016-17.Speaking on the occasion, Secretary, Heavy Industries and Public Enterprises, Girish Shankar said there is a huge gap the auto industry must address to ensure Make in India delivers. 16,16,000-18,89,500 crore by 2026, considering an average GDP growth ranging between 5.As of April 21 this year, the stock investment stood at Rs.It also seeks to define the trajectory of evolution of the automotive ecosystem in India including the glide path of specific regulations and wholesale injection molds policies that govern a wide range of parameters affecting the industry.

The four codes pertain to labour, industrial relations, social security and welfare and safety and working conditions.Besides, he said the government plans to create 65 million jobs by 2026 in the auto sector alone. Original equipment manufacturers (OEMs) need to make substantial investment in engineering RD for designing and developing in India so that India graduates to a truly auto engineering hub.The ministry has finalised the net automotive mission plan (AMP) 2016-26, he said, adding that AMP 2026 is a combined effort of the central government and the industry.5 per cent during the period," he said.8 per cent and 7. 21,559 crore

It was, however, far fewer than Alphabet Inc’s Waymo unit, which logged 1.Among those laid off were at least two dozen software engineers, including a machine learning engineer, and 40 hardware engineers, according to a letter sent by Apple to California employment regulators earlier this month. The layoffs appear to be the first major shake-up of Project Titan under Doug Field, who returned to Apple last year as Vice President of Special Projects after a stint at electric car maker Tesla Inc.While the iPhone maker has acknowledged its interest in self-driving cars in broad terms, it has never detailed precisely which technologies it is working on and whether it seeks to build a whole vehicle or the sensors, computer system and software to control one.About 1,200 of those are “core” employees that are “directly working on the development of the project,” according to the complaint, which was unsealed in January.

A machine shop supervisor was among the reductions, though it is unclear how many machinists reported to the supervisor and whether the shop fabricates automotive parts or smaller parts for electronics and sensors.Despite the headcount changes, the company appears to have ramped up its testing on California roads..Apple Inc said on Wednesday it planned to lay off 190 employees in its self-driving car program, Project Titan, changes that provide a rare window into the automotive technologies the company has been pursuing.2 million miles in California last year.Apple operates the car project on a “need-to-know” basis, with only about 5,000 of Apple’s 140,000 full-time workers included, according to court documents in a theft of trade secrets criminal case filed this year against an ex-Apple employee.

The tech firm said in a filing with state regulators that it planned to lay off people from eight different Santa Clara County facilities near its Cupertino, California, headquarters, as of April 16. A company spokesman confirmed that the reduction was from the self-driving car program.Some of the positions hint at physical products for consumers: three product design engineers and an ergonomics engineer face layoffs.In a filing with regulators earlier this month, Apple said it Mercedes-Benz AMG Fog Lamp Decorating Parts Manufacturers had logged nearly 80,000 miles of testing in its home state in 2018, far surpassing the less than 1,000 miles it had logged the year before.The public documents filed with regulators provide some previously undisclosed clues

Japan is already a leading user of industrial robots."Toyota plans to sell Kirobo Mini, which blinks its eyes and speaks with a baby-like high-pitched voice, for 39,800 yen ($392) in Japan next year. It also comes with a "cradle" that doubles as its baby seat designed to fit in car cup holders.In the past half century births in Japan have halved to around a million a year, according to government statistics, with one in 10 women never marrying. New technology to help them better interact with humans means robots have begun moving beyond factory floors into homes, offices, shops and hospitals..Toyota's non-automotive venture aims to tap a demographic trend that has put Japan at the forefront of aging among the world's industrial nations, resulting in a population contraction unprecedented for a country not at war, or racked by famine or disease.

Around a quarter of Japan's population is over 65 with a dearth of care workers putting a strain on social services. Births out of wedlock are frowned upon in Japan and much less common than in Western developed nations.The Toyota baby automaton joins a growing list of companion robots, such as the upcoming Jibo, designed by robotics experts at the Massachusetts Institute of Technology that resembles a swiveling lamp, and Paro, a robot baby seal marketed by Japanese company Intelligent System Co Ltd as a therapeutic machine to soothe elderly dementia sufferers. It has the second-biggest concentration after South Korea with 314 machines per 100,000 employees, according to the International Federation of Robots."He wobbles a bit, and this is meant to emulate a seated baby, which hasn't fully developed the skills to balance itself," said Fuminori Kataoka, Kirobo Mini's chief design engineer.

Exacerbated by a reluctance to invite immigrants to bolster its working-age population, Japan's demographic crunch shows little sign of easing, with the government looking at robots to replenish the thinning ranks of humans.Toyota Motor Corp on Monday unveiled a doe-eyed palm-sized robot, dubbed Kirobo Mini, designed as a synthetic baby companion in Japan, where plummeting birth rates have left many women childless.Kataoka China Automotive molds Suppliers said Toyota, which is investing heavily to develop artificial intelligence for self-driving cars, sees Kirobo Mini as a stepping stone to more advanced robots that will be able to recognize and react to human emotions.It is a doe-eyed palm-sized robot dubbed Kirobo Mini. "This vulnerability is meant to invoke an emotional connection

At 440 million, millennials comprise over a third of Indias population, and nearly half of the total working population.4 million in 2019, said OLX Auto Note study, a consumer report on the pre-owned car market.57 per cent to 1,96,524 units from 2,87,198 units in the year-ago period as overall vehicle sales continued to plummet with the sector reeling under an unprecedented downturn.4 times the size of the new-car market, pre-owned cars currently comprise a majority of the overall automotive sales in India, and will have touched over 5 million units by 2020 and 6."The study on the pre-owned car market shines the light on this group of buyers, who comprise 50 per cent of the current pre-owned car buying demographic," it said, adding for most millennials, a pre-owned car is becoming their entry into the car-owner segment. They are brand conscious, digitally connected, value maximising and environmentally aware individuals.6 million units by 2023," it said.

Commenting on millennials emerging as a major segment of pre-owned car buyers, OLX India Vice-President (Auto) Sunny Kataria said, "Their attitudes, preferences, and life goals bode well for the continued growth of the pre-owned cars market."He further said, "Over the next three years, millennials will emerge as the largest consumer group in the automobile industry as the pre-owned car industry hits 6."According to the report, millennials are not only deriving value through buying pre-owned cars online, but also through selling their cars online with 54 per cent affirming that they got a better value for their existing car by selling it on online marketplaces.Sales of pre-owned cars in the domestic market stood at 4 million in 2018 and is estimated to be at 4.In terms of value, the pre-owned car market is currently estimated to be USD 14 billion and is likely to rise to USD 25 billion by 2023, the report added."At 1.OLX and OLX CashMyCar had conducted a study with over 1,500 respondents across India who have either sold or purchased a pre-owned car China wholesale bumper molds in the last one year.

Indian millennials are driving Indias consumption story overall, and this trend is also reflected in the pre-owned cars market, OLX said.The primary motive of 36 per cent of the millennials was to use the proceeds from this sale to upgrade themselves to a new car, while 17 per cent of them upgraded to a pre-owned car with better features, it added.4 million units in 2019 with millennials emerging as major buyers, according to a report by consumer-to-consumer marketplace OLX.6 million units in market size by 2023.New Delhi: At a time when new car sales are witnessing record decline in India, pre-owned vehicles are likely to witness 10 per cent growth in sales to touch 4.In contrast to the growth witnessed in pre-owned car sales, new passenger vehicles sales in India witnessed its worst-ever drop in August, slumping by 31.

Hybrid vehicles will also fall in the category under GST. "Overall, implementation of GST will create a single, seamless and large market, bringing in short and long-term gains to customers in business establishments," Srivastava said. In comparison, tax on electric vehicles has been kept at 12 per cent. "We would have liked to see a similar differential duty on hybrid vehicles to continue," he added.The government has done well to ensure stability in taxation while at the same time moderating the taxes, wherever they were too high, Dasari said. "The rates are as per the expectations of the industry and almost all segments have benefited by way of a reduced overall tax burden in varying degree," Society of Indian Automobile Manufacturers (SIAM) president Vinod Dasari said in a statement.

It will stimulate demand and strengthen the automotive market in the country, paving the way for meeting the vision laid down in the Automotive Mission Plan 2016-26, he added.Large cars with engine greater than 1,500 cc and SUVs with length more than 4 metres and engine greater than 1,500 cc will attract cess of 15 per cent."He added that the move will adversely impact the hybrid vehicles acceptance in future. The placement of green vehicles in highest slabs of GST is contrary to the spirit of promoting green mobility in India.He, however pointed out that differential GST for electric vehicles would also help electric mobility to gain momentum in the country.The government has always encouraged environment-friendly technologies and with the current focus on reducing emissions of greenhouse gases and carbon footprint, one would have expected the lower taxation to continue on such vehicles in a technology agnostic manner, he added.

New Delhi: Auto industry body SIAM today welcomed the GST rates for automobiles saying the new tax rates would help in stimulating demand.While small wholesale bumper molds petrol cars with engine less than 1,200 cc will attract 1 per cent cess, those with a diesel engine of less than 1,500 cc will attract 3 per cent cess.Besides, the inclusion of 10-13 seater vehicles used mainly for public transport in the same tax bracket as luxury cars with a 15 per cent cess is also unexpected and may merit a review, Dasari said.Hyundai Motor India director, sales and marketing, Rakesh Srivastava said, "The new GST structure seems to be a zero sum game for auto industry.Under the GST, cars will attract the top rate of 28 per cent with a cess in the range of 1 to 15 per cent on top of it.