It is challenging to keep up with all the recent developments in the automotive industry due to its fast changes. Committed to providing the most timely and pertinent information as it becomes available. The following is a brief summary of the main points from Sunday, June 15.

As China’s rare earth export restrictions impact the supply chain, India may relax EV localisation regulations.

As the nation confronts worldwide rare earth supply chain disruptions, India is considering relaxing its 50% localization requirement for electric vehicle (EV) manufacturers and providers. The move comes in the wake of China's recent export restrictions on rare earth elements, which are essential for producing magnets for electric motors. A Bloomberg report stated that important stakeholders have expressed worry in private meetings with government representatives, although the Society of Indian Automobile Manufacturers (SIAM) has not yet officially sought a policy shift.

Skoda aims to double its sales volume of used cars in India and strengthen its business.

Skoda intends to grow its used automobile sales operation. The low-cost premium automobile maker, which has seen considerable success with the Skoda Kushaq and Skoda Kylaq SUVs, is now looking to increase its revenue in the Indian passenger car market. A senior company official disclosed that, in order to reach that goal, the Czech automobile maker owned by Volkswagen AG is now aiming to intensify its activities in both the new and used car markets.

Amid changing EV market and regulatory changes, BMW plans hydrogen SUV for 2028.

BEVs (battery electric vehicles) previously had the potential to revolutionize automotive mobility, but the global scenario is shifting. Manufacturers are being compelled to broaden their approaches by regulatory rollbacks, decreasing consumer acceptance, and reintroduced investment in hybrid and internal combustion technologies. And although the majority of manufacturers are going through this remarkable shift, numerous, like BMW, are still creating battery electric vehicles (BEVs) as their main product. However, BMW is focusing on hydrogen fuel cell vehicles (FCEVs) and framing that technology as a longer-term addition to its battery-electric lineup.

Maserati Files Patent for MC25 as Plans for MC20 Supercar Successor

The Maserati MC20, the supercar from the Italian premium automobile maker, is now five years old. The Maserati MC20 was formally unveiled in September 2020, and it appears that the company is currently developing a successor to the supercar. Maserati has also recently submitted a new trademark application for the name MC25 with the US Patent and Trademark Office. This appears to be a logical step in the automaker's existing naming convention for its supercars.

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