January 2018 PV sales in India

Maruti Suzuki India Limited

Maruti Suzuki’s passenger vehicle sales in January 2018 stood at 1,39,189 units which is 4.1% increase when compared to January 2017 sales. Though the overall sales grew by around 4% , segment wise sales tell a different story. Maruti categorized its cars into six categories, namely Mini, Compact, Super Compact, Mid-Size, Utility Vehicles, & Vans. The segments that were hit the most are Mid-Size, Vans, & Mini respectively.

Mid-Size segment comprising Ciaz declined by 22.5% and this can be due to competition from the newly released Hyundai Verna. Vans segment comprises of Omni, and Eeco , their combined sales declined by 13.6% from 14,179 units in 2017 January to 12,250 units in this January.  The other segment which moved southwards is Mini segment which comprises of Alto and WagonR, combined sales of both the models declined by 12.2% from 37,928 units to 33,316 units. UV segment which comprises of Gypsy, S-Cross, Ertiga, & Vitara Brezza grew by 26.8% from 16,313 units to 20,693 units. The segment is bound to grow further and the major growth driver for Maruti in this segment is Vitara Brezza. With introduction of petrol variant of Vitara Brezza on cards, its sales will grow further. Looks like facelift didn’t help Maruti boost S-Cross sales as expected.

The compact segment which comprises of Ignis, Swift, Celerio, Dzire, Tour S, & Baleno is the major contributor to Maruti’s sales. The segment grew by 21.6% from 55,817 units from 67,868 units. Sales figures of individual models are not out yet for further analysis.

Hyundai Motor India Limited

Hyundai Motor India limited (HMIL) is India’s second largest passenger vehicle maker behind MSIL, its sales this January stood at 45,508 units which is 8.3% increase over January 2017. The major contributors to its sales were Elite i20, Grand i10, & Creta. And other  model recently adding to the sales is Verna, though it is not known if it will continue to sell well or decline after the initial hype.

Commenting on the sales performance, Mr. Rakesh Srivastava, Director – Sales & Marketing, HMIL, said “ 2018 has started on a positive and promises progressive growth for the industry, with Hyundai volume growth of 8.3% on strong performance of Grand i10, Elite i20, Creta & Next Gen Verna meeting customer aspirations on improved buying potential, led by stable micro economic factors.”

Mahindra & Mahindra Limited

Though at times third place in sales is occupied by either Honda or Tata most of the times it is Mahindra which stands at third place. This January its sales of passenger vehicles stood at 23,686 units which is 17% increase over January 2017 sales of 20,169 units.

Commenting on the monthly performance, Rajan Wadhera, President, Automotive Sector, M&M Ltd. said, “We are happy to have begun the calendar year with an overall healthy growth of 32%(including passenger & commercial vehicles, and domestic & export). We have seen a good growth across our portfolio of products both Personal & Commercial. The growth in the MHCV segment lends credence to the positive momentum in the economy, which can be seen even in the growth numbers of our SCV portfolio. We believe this momentum will continue in our Q4FY2018 numbers. The upcoming Auto Expo will allow Mahindra to display a slew of exciting products and mobility solutions in keeping with automotive trends such as Shared Mobility and Last Mile Connectivity”.

Tata Motors Limited

Tata Motors clocked domestic PV sales of 20,055 units (January 2017: 12,907), surging ahead at a significant 55% growth rate. What boosted the company’s sales is the good demand for the recently introduced Nexon compact crossover, launched in September 2017, which has emerged in the voluminous sub-10 lakh rupee UV price segment. Driven primarily by the Nexon, Tata’s UV sales grew by a tremendous 188% , and the sales of its passenger cars, driven by the Tiago hatchback, registered a 27% growth in the month.

With an aim to become a permanent placeholder in the Top 3 players in the country, the homegrown manufacturer is all set to showcase its new range of products – one in the premium hatchback category, codenamed the X451, a new sedan, and a new full-size SUV based on the Land Rover Discovery, as well. The new products target to broaden Tata’s footprint across various vehicle segments in the market in the near future.

According to Mayank Pareek, President, Passenger Vehicles Business Unit, Tata Motors, “We are happy to report that our strong sales performance continues in January 2018 and we have started 2018 with determination. This month, we have grown by 55% over last January, on the back of good demand for our new generation products – Tiago, Tigor, Nexon and Hexa.  While Tiago continues to lead the growth in cars at 27%, the Nexon and HEXA have attracted new set of SUV buyers, resulting in 188% growth in UVs. We continue to be optimistic and hope this growth momentum continues.”

Toyota Kirloskar Motor Pvt Ltd

Toyota Kirloskar Motor recorded robust sales growth in January 2018, selling 12,351 units which marks 19% year-on-year growth (January 2016: 10,336). The company also exported 888 units of the Etios series last month, thus clocking a total of 13,239 units.

Commenting on the sales performance, N Raja, Deputy Managing Director, Toyota Kirloskar Motor, said, “It is a delight to usher in the new year with double-digit growth. We are happy to have sustained the positive growth momentum post GST.  The customer demand has consistently been strong and we have catered to the growing customer demand.”

The success story of Innova Crysta and Fortuner sales growth continues to the new year. Customers continue to highly appreciate both the products and we are pushing our production capacity to fulfill the strong demand in the market. The Corolla retains its position as the segment leader with overwhelming performance in the month of January.”

“We are looking forward to the upcoming Auto Expo 2018 to showcase our premium new launch, facelifts and concepts with a show-stopping reveal and many more distinctive displays under the thematic banner of ‘Driven by a Better Future’,” he added.

“We hope the Union Budget 2018 brings in more growth-oriented measures to promote growth of the auto industry. The government should aim at a more long-term policy so as to lower the effect of Budget tinkering and bring long-term stability.  Considering the critical issue of environment pollution, we hope the government relaxes the tax rate in favour of clean and green technologies such as strong hybrids similar to the pre-GST era”.

With the Auto Expo getting started next week, the entire industry and the customers are excited and anxious about the slew of new products and technologies, which would be unveiled at the extravaganza. The product showcase and some new launches planned at the expo can certainly be expected to make some noise and drive people decisions in the months to follow. Stay tuned for more action in this space.

Honda Cars India Limited

Honda Cars India has sold 14,838 units in January 2018, down 5% (January 2017: 15,592). Between April 2017 to January 2018, the company has sold 144,802 units, up 17% against 124,114 units in the corresponding period last year.

In January 2018, the WR-V led the charge with 4,273, followed by the City (3,968), Amaze (2,836), Jazz (2,257), BR-V (1,071), Brio (422) and CR-V (11).

Yoichiro Ueno, president and CEO, Honda Cars India, said, “HCIL has witnessed strong growth of 17% in the ongoing fiscal year and we expect the market to further pick up after the anticipations regarding Union Budget are stabilized. HCIL will showcase our strong line-up for the next fiscal at the upcoming Auto Expo which will further strengthen our position in the Indian market.”

“With a major push given to the rural economy and significant investment in the infrastructure development under the Union Budget 2018, the outlook for automotive sector looks optimistic. This should further boost the sales volume marking a fruitful year for the manufacturers.”

Source: Autocar Professional

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Toyota & Chubu Electric join hands to commence EV battery recycle and reuse verification project

Toyota Chubu Electric Power Inc

Nagoya City, Japan, January 31, 2018―Chubu Electric Power Co., Inc. (Chubu Electric Power) and Toyota Motor Corporation (Toyota) today announce that the two companies have concluded a basic agreement with the aim of commencing a verification project that entails construction of a large-capacity storage battery system (Storage Battery System) that reuses electrified vehicle batteries (batteries), as well as examination of the recycling of used batteries.

Chubu Electric Power recognizes the importance of accurate management of fluctuations in its energy supply-demand balance caused by the recent large-scale introduction of renewable energy, and is promoting efforts toward further improving the operation of its electric power system.

Toyota is actively promoting the use of electrified vehicles, as per “Toyota’s Challenge to Promote Widespread Use of Electrified Vehicles” announced in December 2017, and is also pursuing the effective use of batteries and the development of social infrastructure that will support the widespread adoption of electrified vehicles.

Reuse of Batteries

Pursuant to the basic agreement concluded today, the two companies aim to reuse batteries collected from electrified vehicles manufactured by Toyota as a storage battery system for utilization in meeting various challenges posed by the electric power system.

When combined in large numbers, used batteries, even with reduced performance levels, can be repurposed for energy supply-demand adjustments, frequency fluctuation management, and voltage fluctuation management in distribution systems, all factors that accompany the widespread introduction of renewable energy.

Not only can these efforts serve as a solution to address the challenges within the electric power system, Chubu Electric Power and Toyota expect these efforts to have positive effects in the operation of thermal power plants.

Examples of using the Storage Battery System to solve challenges in the electric power system (illustration)

Utilization for energy supply-demand adjustment

Utilization for energy supply-demand adjustment

Utilization to counter frequency fluctuations

Utilization to counter frequency fluctuations

Utilization to counter voltage fluctuations in distribution systems

Utilization to counter voltage fluctuations in distribution systems

In FY 2018, Chubu Electric Power and Toyota will commence verification of the Storage Battery System. Based on the results of the verification test, the two companies aim to introduce power generation capacity of approximately 10,000 kW, equivalent to 10,000 batteries, in FY 2020.

The initial stage will involve nickel-metal hydride batteries, which are currently being used in large quantities, mainly in hybrid electric vehicles (HEV). By around 2030, the plan is to include lithium-ion batteries from electric vehicles (EV) and plug-in hybrid electric vehicles (PHEV).

Recycling of Batteries

The two companies will consider establishing a mechanism to recycle reused batteries by collecting materials such as rare-earth metals and re-utilizing them.

Flow of reusing/recycling (illustration)

Both companies will continue to contribute to the further development of the region with an aim of achieving both a resource recycling society and a low-carbon society through initiatives such as the commercialization of battery reuse and recycling.

Source Toyota Newsroom

Toyota Mobility Foundation begins Bus Service, and Park & Ride System to promote multi modal transportation in Vietnam

Danang, Vietnam (June 30, 2017)―Today, the Toyota Mobility Foundation (TMF) and Danang People’s Committee (DPC) started the operations of the TMF Bus Service and associated TMF Park & Ride system, marking the occasion with an opening ceremony.

The city of Danang, resting at the center of three UNESCO World Heritage sites, is the entrance of the Indochina East-West Economic Corridor that commercially connects the countries of Vietnam, Laos, Thailand and Myanmar. Because of this location and the vision of the city officials, the population of Danang is increasing, with rapid and sustained economic growth. With this growth come concerns regarding future traffic congestion and the changing mobility needs of the public.

Anticipating these potential issues, TMF offered to support the DPC in developing a more robust public transportation network through the Project on Urban Transit Corridor Improvement. This project uniquely aims to prevent a future congestion problem by promoting the behavior change of citizens. The project encourages the people of Danang to shift from singular, private modes of mobility to multiple transportation modes integrating private and public transportation. The DPC is the grantee of the project that runs from July 2015 to March 2019, with a budget of 320 million Japanese Yen (about 2.9 million USD) sponsored by TMF.

TMF Bus Service

This feeder bus service links to the larger Danang city bus route. The TMF Bus Service has two routes: a shorter route covering the urban center, and a longer route connecting a residential area to the urban center. To present the bus as an efficient solution and promote its usage, the service has the following features

  • First year free travel
  • Comfortable and clean facilities
  • Hospitality and professionalism in service
  • Punctuality per a fixed timetable
  • Safety as the fundamental priority

TMF Park & Ride System

Located at the TMF bus terminal at the intersection of Bui Duong Lich and Tran Thanh Tong Streets, the Park & Ride facilitates easy access to the bus services. It is equipped with an auto-gate, camera surveillance system, and an IC card to ensure the security and safety for the bus passenger. In addition, there is no charge for parking when the service is launched.

On-Road Parking Management Pilot on Bach Dang Street

Most developing countries face parking crises as a result of rapid, dense urbanization and motorization, making parking policy an important component for sustainable transport management. This pilot model of mobile parking management on Bach Dang Street applies advanced technology such as time-based parking, fee collection software, and parking vacancy advisories, in order to reduce traffic congestion. This pilot model intends to illustrate the benefits of parking management, and help formulate an ideal transport management policy.

Mr. Dzung, the Vice Chairman of the DPC, said “It is important to establish a multi-modal transportation system in Danang in order to improve the quality of life of our citizens in the mid- to long-term. The TMF Bus, Park & Ride System and the on-road parking management pilot are significant steps forward for our city. The TMF Bus and Park & Ride Services, which are linked to our city bus services that were initiated last year, help improve the mobility options for citizens. We thank TMF for this great contribution to the current and future development of Danang.”

Osamu Nagata, President of the TMF Secretariat and Executive Vice President, Member of the Board of Directors of Toyota Motor Corporation, said “This project could only be initiated with the great support from the DPC and many other stakeholders, including Hai Chau District, Almec, and Toyota Motor Vietnam. TMF seeks to find mobility solutions by using our experience and know-how and partnering with the ownership and skills of local communities across the world. We would like to learn from Danang’s citizens and continuously improve service based on actual customer experiences, ultimately leading to a more mobile society with opportunities for all.”

Mr. Toru Kinoshita, President of Toyota Motor Vietnam (TMV) said “Participating in this project to promote multi-modal transportation is a significant opportunity for us to contribute to the city of Danang in addition to the traffic safety programs we conduct across the country. For this project, we donated two 28-seater vans to serve as the TMF buses, and we will also provide maintenance to ensure their safe operation. We hope Danang’s citizens experience our vehicles and recognize them as their transportation solution. We are happy to extend our support to supplement the activities of TMF and the DPC.”

About Toyota Mobility Foundation

TMF was established in August 2014 to support the development of a more mobile society. The Foundation aims to support strong mobility systems while eliminating disparities in mobility. It utilizes Toyota’s expertise in technology, safety, and the environment, working in partnership with universities, governments, non-profit organizations, research institutions and other organizations to address mobility issues around the world. Programs include resolving urban transportation problems, expanding the utilization of personal mobility, and developing solutions for next generation mobility.

Via: Toyota Global Newsroom

Toyota Motor Corporation announces executive and personnel changes

Toyota City, Japan, June 30, 2017―On July 1, Toyota Motor Corporation will make changes to executives’ areas of responsibility, as well as personnel changes at the sub-executive managerial level.

toyota-motor-corporation-japan-global-newsroom-mymotorwheels

  1. Managing Officers’ Areas of Responsibility
Name Current New
Hiroaki Okuchi
  • Frontier Research Center
  • Advanced R&D and Engineering Company
    (Executive Vice President, in charge of Model Based Development and Battery)
  • Frontier Research Center
  • Advanced R&D and Engineering Company
    (Executive Vice President, in charge of Model Based Development and Battery)

    • Electronics Control System Development Div. (concurrent General Manager)
Yoichi Miyazaki
  • BR Product・Cost Planning Reform Promotion Dept.
    (concurrent General Manager)
  • Corporate Strategy Div.
  • Business & Operation Planning Div.
    (concurrent General Manager)
  • Marketing Div.
  • East Asia & Oceania Region (CEO)
  • BR Product・Cost Planning Reform Promotion Dept.
    (concurrent General Manager)
  • Corporate Strategy Div.
  • Business & Operation Planning Div.
    (concurrent General Manager)
  • Marketing Div.
  • East Asia & Oceania Region (CEO)
    • East Asia & Oceania Div.
      (concurrent General Manager)
  1. Personnel changes at the sub-executive managerial level effective
Name Current New
Koichi Shirozu Electronics Control System Development Div. (General Manager), Advanced R&D and Engineering Company Strategic Top Executive Meeting Office (Project General Manager)
Masakazu Yoshimura East Asia & Oceania Div. (General Manager) Strategic Top Executive Meeting Office (Project General Manager)
Naoaki Nunogaki
  • Corporate Citizenship Div.
    (General Manager)
  • Community Relations Dept. (General Manager), Corporate Citizenship Div.
Corporate Citizenship Div.
(General Manager)
Jun Wakabayashi Temporary External Transfer to Tianjin FAW Toyota Motor Co., Ltd. TPS Promotion Center (Project General Manager)
Shoji Kimura
  • Vehicle Logistics Div. (General Manager), Logistics Field
  • Strategy Planning & Administration Dept. (General Manager), Vehicle Logistics Div., Logistics Field
Vehicle Logistics Div. (General Manager), Logistics Field
Shinya Kono Japan Rental & Leasing Business Div. (General Manager)
  • Japan Rental & Leasing Business Div. (General Manager)
  • Sales Promoting Dept. (General Manager), Japan Rental & Leasing Business Div.
Akihiko Ootuka MS Vehicle Evaluation & Engineering Div.
(General Manager),
Mid-size Vehicle Company
  • MS Vehicle Evaluation & Engineering Div.
    (General Manager),
    Mid-size Vehicle Company
  • Vehicle Dynamics Development Dept. (General Manager), MS Vehicle Evaluation & Engineering Div., Mid-size Vehicle Company
Tetsu Yamada
  • Engine Design & Engineering Div. (General Manager), Powertrain Company
  • Engine Development Management Dept. (General Manager), Engine Design & Engineering Div., Powertrain Company
Engine Design & Engineering Div. (General Manager), Powertrain Company

Via: Toyota Newsroom

Toyota loses global sales crown to VW as U.S. trade barriers loom

toyota-halts-lexus-daihatsu-brand-launch-in-india-03-1470207300

FRANKFURT — Toyota Motor lost its title as the world’s best-selling automaker to Volkswagen Group, ending the Japanese company’s four-year reign, as demand for its flagship Camry sedan waned in the U.S. and sales in China expanded at a slower pace than the overall market.

Toyota’s global sales, including its Lexus, Daihatsu and Hino brands, rose 0.2 percent to 10.2 million vehicles in 2016, the Japanese automaker said on Monday. That fell short of VW Group’s record 10.3 million cars, trucks and buses, a 3.8 percent gain.

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By another key yardstick, however, Toyota continues to outperform its European rival. Toyota’s profit was more than double Volkswagen’s in the six months through September, according to data compiled by Bloomberg. Both the companies haven’t reported earnings for the quarter ended Dec. 31.

Toyota’s sales last year lagged behind Volkswagen mainly due to the changing dynamics in the both automakers’ largest overseas markets: the U.S. and China. While the Japanese company was hampered by a broad U.S. auto industry sales slowdown, VW benefited from its growth in China and a tax cut there that has stoked consumer demand since 2015.

Looking ahead, Toyota must contend with possible trade tensions as U.S. President Donald Trump pressures foreign automakers to make more cars and trucks in the U.S. VW, meanwhile, faces decelerating demand in China as the tax reduction expires.

Since his inauguration, Trump has withdrawn the U.S. from the Trans-Pacific Partnership trade accord, reaffirmed a campaign promise to renegotiate the North American Free Trade Agreement involving Mexico and met with automakers to persuade them to keep production within the U.S.

Toyota will invest $10 billion in the U.S. over the next five years, maintaining its pace of spending during the last half decade, joining other manufacturers with highlighting projects in response to pressure from Trump to create jobs in America. After criticizing Toyota’s plans to build a Corolla plant in Mexico, Trump rebuked Japan last week for sending the U.S. hundreds of thousands of cars from what he said were “the biggest ships I’ve ever seen.”

“Trump is a bigger risk for Toyota than for Volkswagen because the German carmaker has a small exposure to the U.S. market,” said Ken Miyao, an analyst at Tokyo-based market researcher Carnorama. “Toyota has made investment to build a new plant in Mexico and will have limited options to appeal to Trump.”

U.S. production

Toyota built its first U.S. assembly plant in Georgetown, Kentucky, three decades ago, in part to appease Washington during an era of icy trade ties. Since then, it has added factories in the country.

Last year Toyota built more than 1.38 million cars and trucks in the U.S., behind only General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles. Still, Toyota’s production was about 1 million vehicles short of its sales in the country. Any push for investment growth will come up against a U.S. auto market that is likely to wane after a reaching a peak in 2016.

“The development of the U.S. market is set to decide if VW can stay ahead of Toyota this year,” Sascha Gommel, a Frankfurt-based analyst at Commerzbank, said. “If the Chinese and European markets continue to be solid and the U.S. market weakens as I expect, VW might stay first in 2017 as Toyota has a larger exposure to North America.”

The Japanese automaker’s deliveries in the U.S. declined last year, trailing industrywide growth, as demand for its Camry slowed ahead of the introduction of the next generation of America’s best-selling sedan. The latest iteration of the model was unveiled at the Detroit auto show earlier this month.

Deliveries of Toyota in China climbed 8.2 percent in 2016, compared with the industrywide sales growth of 15 percent.

Top slot

In 2008, Toyota ended GM’s 77-year reign as the world’s largest automaker, holding on to the top annual sales spot until 2011, when it surrendered the title after production was disrupted by natural disasters in Japan and Thailand. The Japanese company regained the lead in 2012 and kept the position through 2015.

For Volkswagen, taking the global sales crown marks the culmination of an aggressive expansion that former CEO Martin Winterkorn began 10 years ago. While surging demand in China and expansion of the upscale Audi and Porsche brands’ line-ups have propelled sales gains, the group’s growth hit a wall in September 2015, when the carmaker and U.S. regulators revealed that some of its diesel engines carried software to cheat on emissions tests.

Volkswagen’s namesake brand accounted for almost 6 million of the group’s global deliveries in 2016. The marque is targeting sales of 3 million cars this year in China, the company’s biggest national market. In Germany, its second-largest market, the division is reducing its large leasing fleet for employees, which started to hurt new-car registrations toward the end of last year.

Via ANE

New “Hydrogen Council” launches in Davos. 13 global industry leaders join together in promoting hydrogen to help meet climate goals

Davos, Switzerland – 17th January 2017: Thirteen leading energy, transport and industry companies have today launched a global initiative to voice a united vision and long-term ambition for hydrogen to foster the energy transition.

In the first global initiative of its kind, the ‘Hydrogen Council’ is determined to position hydrogen among the key solutions of the energy transition. Hydrogen is a versatile energy carrier with favourable characteristics since it does not release any CO2 at the point of use as a clean fuel or energy source, and can play an important role in the transition to a clean, low-carbon, energy system. Hydrogen technologies and products have significantly progressed over past years and are now being introduced to the market. The Council will work with, and provide recommendations to, a number of key stakeholders such as policy makers, business and hydrogen players, international agencies and civil society to achieve these goals.

During the launch, members of the ‘Hydrogen Council’ confirmed their ambition to accelerate their significant investment in the development and commercialization of the hydrogen and fuel cell sectors. These investments currently amount to an estimated total value of €1.4 Bn/year. This acceleration will be possible if the key stakeholders increase their backing of hydrogen as part of the future energy mix with appropriate policies and supporting schemes.

Meeting in Davos for the first time on Tuesday, the ‘Hydrogen Council’ is currently made up of 13 CEOs and Chairpersons from various industries and energy companies committed to help achieve the ambitious goal of reaching the 2 degrees Celsius target as agreed in the 2015 Paris Agreement. The international companies currently involved are: Air Liquide, Alstom, Anglo American, BMW GROUP, Daimler, ENGIE, Honda, Hyundai Motor, Kawasaki, Royal Dutch Shell, The Linde Group, Total and Toyota. The Council is led by two Co-Chairs from different geographies and sectors, currently represented by Air Liquide and Toyota.

“The 2015 Paris Agreement to combat climate change is a significant step in the right direction but requires business action to be taken to make such a pledge a reality. The Hydrogen Council brings together some of the world’s leading industrial, automotive and energy companies with a clear ambition to explain why hydrogen emerges among the key solutions for the energy transition, in the mobility as well as in the power, industrial and residential sectors, and therefore requires the development of new strategies at a scale to support this. But we cannot do it alone. We need governments to back hydrogen with actions of their own – for example through large-scale infrastructure investment schemes. Our call today to world leaders is to commit to hydrogen so that together we can meet our shared climate ambitions and give further traction to the emerging Hydrogen ecosystem.” Benoît Potier, CEO, Air Liquide.

The Hydrogen Council will exhibit responsible leadership in showcasing hydrogen technology and its benefits to the world. It will seek collaboration, cooperation and understanding from governments, industry and most importantly, the public. At Toyota, we have always tried to play a leading role in environmental and technological advances in the automotive industry, including through the introduction of fuel cell vehicles. Moreover, we know that in addition to transportation, hydrogen has the potential to support our transition to a low carbon society across multiple industries and the entire value chain. The Hydrogen Council aims to actively encourage this transition.” Takeshi Uchiyamada, Chairman, Toyota.

“Since early 1990s, major Automotive OEMs considered fuel cell as an ultimate future powertrain. After two decades, the major technical barriers of fuel cell are solved and it is now ready for commercialization. But there were limitations before in popularization of the fuel cell vehicles by the automotive industry alone. Hydrogen Council will provide a platform where global business leaders in different sectors can cooperate together and accelerate the common goal of realizing the hydrogen economy.” Woong-Chul Yang, Vice Chairman of Hyundai Motor Company and Head of R&D Center.

A report entitled ‘How Hydrogen empowers the energy transition’ – commissioned by the Hydrogen Council – further details this future potential that hydrogen is ready to provide, and sets out the vision of the Council and the key actions it considers fundamental for policy makers to implement, to fully unlock and empower the contribution of hydrogen to the energy transition.

As global companies from major energy and industrial sectors, it is part of the corporate responsibility to provide solutions to manage the energy transition and move forward to a low-carbon, sustainable economy: joint action is required to tackle this formidable challenge. This is why we invite governments and key society stakeholders to also acknowledge the contribution of hydrogen to the energy transition and to work with us to create an effective implementation plan.

The members of the Hydrogen Council collectively represent total revenues of € 1.07 trillion and 1.72 million employees around the world(*Company figures from financial years 2015 and 2016)

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Hydrogen Council Members

ABOUT HYDROGEN

Hydrogen is a versatile, clean, and safe energy carrier that can be used as fuel for power or in industry as feedstock, as well as it can be easily stored on large scale. Hydrogen Council members are committed to promoting its deployment. Hydrogen can be produced from (renewable) electricity and from carbon-abated fossil fuels and produces zero emissions at point of use. The uses for hydrogen continue to grow as it can be stored and transported at high energy density in liquid or gaseous form and can be combusted or used in fuel cells to generate heat and electricity. This versatility confers to hydrogen a key enabling role in the transport, industry and residential sectors, as well as for the large-scale storage of renewable intermittent energies, making it a promising solution to overcome the challenges of the energy transition.

Via Hyundai Motor News Press Release

Donald Trump threatens Toyota over vehicle imports from Mexico

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Donald Trump’s tweet; Image Source: Link

Following recent attacks on Ford and GM for existing and planned imports of vehicles into the US from Mexico, US president-elect Donald Trump has now turned his attention to Toyota.

In a tweet posted on Thursday (January 5th) Trump said: “Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for US. NO WAY! Build plant in US or pay big border tax.”

Trump’s criticism of Toyota is somewhat misplaced, as it not building a new plant in Baja; it already has a plant there in Tijuana, which builds the Toyota Tacoma. It is, however, building a $1 billion plant in Guanajuato, which it plans to open in 2019 and will make the Corolla, with a production capacity of 200,000 units a year.

The OEM said previously that its decision to build in Guanajuato was part of a broader initiative at Toyota to drive supply chain, logistics and production efficiency between plants. It said the new plant would “leverage the existing robust supply base and transportation infrastructure in the region.”

Toyota defends position

Toyota was quick to respond to the criticism from Trump, stating that neither production volume nor employment in the US would decrease as a result of the new Guanajuato plant.

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Toyota Motor Corporation’s tweet in response to Trump’s tweet; Image Source: Link

It also suggested it was the smallest importer of vehicles from Mexico to the US in 2016. According to the figures from the Mexican automotive association, AMIA, for the period between January and November last year, Toyota moved just 124,000 vehicles north across the border, including to Canada (though Mazda and Kia moved fewer).

That figure is small compared with overall exports of passenger cars and trucks from Mexico to its Nafta neighbours to the north, which stand at 2.19m, or 86% of overall vehicle exports from Mexico (2.55m) over the 11-month period last year.

Toyota also produced a list of figures to emphasise its commitment to production in the US, pointing out that it had made direct investment of almost $22 billion and already had 10 manufacturing plants there. Recent expansions include that at the Georgetown plant in Kentucky, in which Toyota invested $360m and added 750 jobs. Toyota also pointed out that it exported more than 160,000 US-built vehicles to 40 countries and was helping to establish the US as a global export hub.

At the same time, however, the carmaker was careful to declare its willingness to work with the new political administration coming in this month.

“Toyota looks forward to collaborating with the Trump administration to serve in the best interests of consumers and the automotive industry,” said the company.

Whether Trump will act on his Twitter threats to impose heavy border taxes remains to be seen but, according to Thomas Cullen, analyst at consultancy Transport Intelligence, if vehicle manufacturers start to feel pressure to change their supply chain policies, global trade and logistics markets would come under substantial pressure.

“To take the Mexican example, much of production in Mexico relies on major components – including items such as engines and gearboxes – made in the US,” he said. “The reverse is also true, with Mexican plants acting as sources for parts for US production. Unraveling this supply chain structure would be possible but expensive and would have a major impact on rail and road freight across the US.”

News Source: Link