Automotive Updates: EV Rules, Hydrogen SUV, Pre-owned Car Business, Maserati Super Car
Key Ideas
- India considers easing EV localisation rules due to rare earth supply chain issues from China.
- Skoda aims to double sales volume in India by focusing on pre-owned car business.
- BMW plans to launch a hydrogen SUV in 2028 as a complement to its electric vehicle portfolio.
- Maserati is working on a successor to its MC20 supercar, filing a trademark for MC25.
The automotive industry is witnessing significant developments, with India considering easing its 50% localisation requirement for electric vehicle (EV) makers due to disruptions in the global rare earth supply chain caused by China's export curbs. Skoda is targeting to increase its revenue in India by focusing on its pre-owned car sales business, aiming to double its sales volume. BMW is shifting its focus towards hydrogen fuel-cell vehicles (FCEVs) and plans to launch a hydrogen SUV in 2028 alongside its battery-electric portfolio, in response to changing market dynamics. Furthermore, Maserati is working on the successor to its MC20 supercar, filing a trademark for MC25, indicating the luxury car manufacturer's commitment to innovation in the supercar segment. These developments showcase the industry's adaptability to regulatory changes and the evolution of automotive technologies.