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Time of India
15 minutes ago
- Time of India
German car parts maker Bosch to cut up to 1,100 jobs
German car parts maker Bosch will cut up to 1,100 jobs by 2029 and restructure its Reutlingen plant as a rapidly worsening auto market drives down sales, a senior company official said on Tuesday. Bosch will focus the plant mainly on manufacturing semiconductors, as making electronic control units is no longer competitive, a statement said. "The European market for control units is highly price-driven and fiercely contested by new entrants," said Bosch's executive vice president of semiconductor operations, Dirk Kress. "The necessary job cuts are not easy for us, but they are urgently needed to secure the future of the site." Bosch employs around 10,000 people in Reutlingen. German and European auto makers have come under pressure from high costs and ferocious foreign competition, as well as a tariff war between the United States and its global trading partners.>


Economic Times
15 minutes ago
- Economic Times
Spark Minda teams up with Qualcomm to develop next-gen driver experience for Indian cars
Spark Minda teams up with Qualcomm Minda has collaborated with Qualcomm Technologies, Inc. to develop smart and advanced cockpit solutions for the Indian automotive market, the company announced on Wednesday. The flagship company of Spark Minda announced that it is designing a next-gen cockpit platform powered by the Snapdragon® Cockpit Platform from Qualcomm Technologies. The driver's compartment, designed under this collaboration, will be equipped to support rich multimedia experiences, AI-driven interfaces and seamless cloud integration enhancing the cockpit performance, digital user interface and vehicle connectivity for Software-Defined Vehicles (SDVs). This cockpit platform enhances in-car experiences by delivering sophisticated displays, audio, computing and connectivity, making them more responsive and enjoyable, the company said. Also read: Qualcomm aims to diversify revenue base amid muted global smartphone growth The American company Qualcomm Technologies aims to redefine the in-vehicle experience for Indian consumers with this collaboration. "We are excited to collaborate with Spark Minda to deliver advanced, localized cockpit solutions tailored for India's evolving automotive landscape using our Snapdragon Cockpit aim to redefine the in-vehicle experience for Indian consumers, bringing innovation and connectivity to the next generation of vehicles," Savi Soin, Senior Vice President, India President, Qualcomm Technologies said.


Time of India
15 minutes ago
- Time of India
Tesla India receives mixed reactions amid booking woes
Tesla's long-anticipated debut in India has finally materialised, with the EV giant opening its first showroom at Mumbai's Bandra-Kurla Complex (BKC) and launching online bookings for its Model Y. While this marks a milestone for India's EV landscape, the rollout has been met with a surprising mix of excitement and frustration among potential buyers. Tesla India made the announcement on social media, stating, 'Now everyone in India can order directly on our website,' while highlighting priority delivery in four key cities — Mumbai, Pune, Delhi, and Gurugram, IndiaTimes reports. The Model Y, Tesla's first offering for India, is being imported as a completely built unit (CBU) from the company's Shanghai Gigafactory and is priced from ₹59.89 lakh (ex-showroom). Customers can configure their car online, select features such as interiors, wheels and Enhanced Autopilot, and confirm the booking with a ₹2 lakh refundable deposit. Customer Frustration Over Delayed Deliveries However, the launch has triggered discontent among early backers and reservation holders. Several customers who placed deposits as early as last year — in some cases amounting to $1,000 (approx. ₹83,000) — claim to have seen no progress in their delivery timelines or received refunds without further explanation. Varun Krishnan, founder of tech blog FoneArena and an early Tesla supporter, voiced his disappointment over the lack of communication and delivery clarity. Similarly, Vishal Gondal, founder and CEO of a fitness tech firm, said he booked a Tesla Model 3 back in 2016 but felt underwhelmed after visiting the new Mumbai showroom this week. Imported Model Y Faces Regulatory and Pricing Challenges Tesla's initial India entry is being carried out without local manufacturing, relying instead on imports that attract steep tariffs — a hurdle that Elon Musk had repeatedly cited in the past. Despite recent dialogues with the Indian government, the Model Y remains a premium product with limited appeal due to high costs. Still, Tesla's move to open online bookings across India marks a shift in the company's India strategy. Interested buyers can now select the Model Y via the official website by choosing configurations and making a refundable deposit. Once booked, a delivery advisor is assigned to assist the buyer through the next steps. For now, the launch has set expectations high — but also raised questions about whether the brand can live up to its promise in India's complex and competitive EV market.