AUTOMOTIVE CONNECTIVITY
Meet the Acharya brothers; they helped enable DVDs, now they are turning cars into computers
Indian-American brothers, Shrinath and Shrikant Acharya, revolutionized DVD playback on laptops with their company, Margi Systems. Their solution, licensed globally, decrypted DVDs, enabling movie enjoyment on the go. Later acquired by Harman, they spearheaded in-vehicle connectivity, a precursor to today's software-defined vehicles. Now, their technology connects numerous vehicle components to the cloud, simplifying complex systems for major automotive manufacturers worldwide.
India to shift to 'smartphone era' for cars embracing 5G, advanced AI in 2025: Report
India is predicted to fully embrace 5G-enabled "smart cars" by 2025, integrating AI and cloud connectivity across various price points. This shift, driven by consumer demand for enhanced features and experiences, positions India as a potential global leader in the 5G M2M market. Major manufacturers are already incorporating advanced technologies, making previously luxurious features standard in upcoming vehicles.
Toyota said to ramp up China production in a strategy pivot
Toyota is planning a major shift in its China strategy, aiming to produce up to 3 million vehicles annually by 2030. This represents a significant increase from its current production levels and comes as other foreign automakers are scaling back in the region.
EU auto biz slump throws IT¡¯s growth plans off the track
Top IT giants Tata Consultancy Services (TCS), Infosys, and HCLTech reported softness in the automotive sector, particularly in Europe, during Q2. This was attributed to ongoing supply chain challenges and regulatory shifts.
For new-age car buyers, connected features become a driving factor
Connected cars are becoming more popular among Indian consumers, with their market share in passenger vehicles doubling since 2021. Automakers are now incorporating these features across various models, offering advanced connectivity, safety, and convenience. This trend is fueled by rising consumer demand for high-end technology in vehicles.
BSNL, Viasat claim successful trial of direct-to-device satellite services for first time in India
Viasat and BSNL have showcased direct-to-device satellite connectivity in India. This allows common devices to connect to satellite networks without dedicated hardware. The demonstration included two-way and SoS messaging using a commercial Android phone. This innovation aims to expand satellite services and improve connectivity for consumers and businesses in India.
Tata Tech MD: JV with BMW to prompt other global automakers to partner India companies
Tata Technologies' JV with BMW Group is likely to spark interest among global automakers to partner with Indian firms due to their capability in proprietary technology. The BMW TechWorks India JV will focus on automotive digital experiences and AI applications, employing hundreds by 2025.
Ratan Tata's most liked Instagram post is not about dogs or philanthropy: Hint - It's the iconic...
Ratan Tata, the esteemed industrialist, made headlines with his most popular Instagram post, celebrating the 25th anniversary of the Tata Indica, India¡¯s first indigenous passenger car. Shared in January 2023, the post garnered over 8.2 million likes and reflected Tata's deep emotional connection to the vehicle. In his heartfelt caption, he reminisced about the car's significance and the challenges faced during its development, stating, ¡°Everyone told us it couldn¡¯t be done... But we went ahead anyway.¡±
Tata Elxsi shares jump 3% after Q2 PAT rises 14% YoY to Rs 229 crore
Tata Elxsi reported a 14% growth in consolidated net profit, reaching Rs 229 crore for the second quarter, compared to Rs 200 crore in the same quarter last year. Revenue from operations also increased by 8% year-on-year to Rs 955 crore, up from Rs 882 crore. On a sequential basis, profit rose by 27%, while revenues increased by 3% quarter-on-quarter.
Tata Elxsi Q2 Results: PAT rises 14% YoY to Rs 229 crore; revenue up 8%
Tata Elxsi reported a 14% increase in net profit at Rs 229 crore for the second quarter. Revenue from operations grew by 8% to Rs 955 crore. Growth was driven by strong performance in emerging markets, particularly in transportation. A $50 million deal with a global OEM also contributed. Media and healthcare segments saw some declines.
ED crackdown on betting app; Policybazaar stock swing
Ahead of its much-anticipated IPO, Swiggy shares have seen a 40% surge in the unlisted market since July. This and more in today¡¯s ETtech Top 5.
Beijing 'firmly opposes' US ban of Chinese tech from connected vehicles
China's commerce ministry on Wednesday said it "firmly opposes" US plans to ban the sale of connected vehicles incorporating Chinese and Russian technology, citing national security risks. "China urges the United States to stop its wrong practice of generalising national security, immediately revoke the relevant restrictions, and stop its unreasonable suppression of Chinese companies," the commerce ministry said.
Foxconn, Stellantis JV set up R&D for automotive semiconductors tech in India
Foxconn India representative V Lee, in a social media post, said the R&D centre is poised to accelerate the company's innovative capabilities in the development of cutting-edge automotive technologies and solutions for the automotive industry, including Stellantis.
Biden proposes banning Chinese vehicles from US roads with software crackdown
The U.S. Commerce Department has proposed banning key Chinese software and hardware in connected vehicles on American roads due to national security concerns. This regulation would prevent nearly all Chinese cars from entering the U.S. market and require major automakers to remove Chinese components from vehicles in the coming years.
Tata Consultancy Services (TCS) retains its position as India's most valuable brand: Kantar report
Tata Consultancy Services (TCS) has maintained its position as India's most valuable brand for the third year, with a brand value of $49.7 billion. The Kantar BrandZ study also highlights HDFC, Infosys, and Airtel in the top four. India's top 75 brands have a combined value of $450.5 billion, showing a 19% increase from 2023.
PM Modi urges Indian automotive industry to embrace best practices for sustainable growth
Prime Minister Narendra Modi urged the automotive industry to adopt global best practices and focus on green and clean mobility. Addressing the Society of Indian Automobile Manufacturers' annual convention, he emphasized the sector's role in driving economic growth and highlighted India's investment in future-ready infrastructure to ensure shared benefits of growth.
LG drives in infotainment, smart solutions for your car
LG Electronics, diversifying into the automotive market, has 2,500 Bengaluru engineers aiding global developments. EV solutions are eyed in India through partnerships with Hyundai, Kia, Renault, Volkswagen. Introducing PlayWare, MetaWare, VisionWare ensures in-car entertainment, connectivity, safety, mimicking home comfort. This transformation to smart life solutions by 2030 aims to boost profits and revenues.
9 smallcap stocks that connect Mukul Agrawal, Vijay Kedia, Ashish Kacholia & Dolly Khanna
The smallcap stocks held by renowned investors like Mukul Agrawal, Vijay Kedia, and Dolly Khanna have displayed varying performance levels over the past year. These investments in companies such as Neuland Laboratories, Prakash Industries, and Shankara Building Products have been closely monitored for their profitability and stability.
Anand Mahindra has a ¡®Kalki¡¯ connection! Business tycoon says his team created a key character in Prabhas-starrer
When not occupied with expanding his business empire or offering insights on X, business magnate Anand Mahindra is recognized for supporting creative ventures. Recently, the Chairman of the Mahindra Group disclosed that the Chennai team at Mahindra Research Valley assisted in the development of a custom-made robotic vehicle called Bujji for the upcoming film 'Kalki 2898 AD', starring Prabhas.
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