Hey, Your Top Automobile News for June 16, 2021

Your Daily Automobile updates From Around The World [  The Automobile News]( You Might Like [Learn more about RevenueStripe...](      [General Motors To Boost Spending On Electric Vehicles 30%, Add Two New Battery Plants: Sources](  As part of that spending, the No. 1 U.S. automaker will build two additional U.S. battery plants and move ahead some of its EV investments, said the sources, who asked not to be identified. In November, GM upped its spending plans from $20 billion, a figure that was announced in March before the COVID-19 pandemic shut down the auto industry. General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters. As part of that spending, the No. 1 U.S. automaker will build two additional U.S. battery plants and move ahead some of its EV investments, said the sources, who asked not to be identified. In November, GM upped its spending plans from $20 billion, a figure that was announced in March before the COVID-19 pandemic shut down the auto industry. The Detroit company declined to comment. The expected announcement of increased spending by GM comes less than a month after rival Ford Motor Co upped its EV spending by more than a third to over $30 billion by 2030. [Read Full Article](  [New Maruti Celerio Final Design Leaked Ahead Of Unveil]( Maruti Suzuki is currently giving final touches to the second-gen Celerio and as reported by us recently, the market launch and price announcement for the new Maruti Suzuki hatchback is expected to take place in the coming months. While the new Celerio has not been unveiled officially, a fresh set of patent renderings that have surfaced online give us a clear image of  what the new Celerio could look like on the outside. - New Celerio to be bigger in size than the outgoing car - To come with two engine options - Will get a CNG variant as well New Maruti Suzuki Celerio: What do these patent renderings reveal? The second-gen Celerio’s exterior design is a complete departure from the outgoing version’s squarish looks. The new car gets a rounded design that is devoid of any angular elements. Additionally, it also gets a more upright nose, a flattish-oval grille with honeycomb-like elements and triangular-shaped headlamps that are rounded at the corners. Both headlamps are connected by a chrome strip that merges in the centre with the Suzuki Logo. Expect higher variants to get chrome outline on the grille. The front bumper gets a simple design with minimal creases and will get contrast black bits on the apron and the fog light surrounds. [Read Full Article](  [Auto Sector Propelling Growth For The Steel Industry]( India’s auto industry is currently valued at $118 bn and is expected to be the world’s third-largest automotive market in terms of volume by 2026. The sector manufactures presently 26mn vehicles, including Passenger Vehicles, Commercial Vehicles, Three-wheelers, Two-wheelers and Quadricycles. As companies are all geared up to increase their production, the sector is expected to account for 65 million new jobs within India. The automotive industry also benefits from global supply-chain rebalancing, government incentives to increase exports, and technology disruptions. These developments will help create opportunities at all levels of the automotive value chain. According to the Auto Industry Sales Performance of April 2021, the total production of Passenger Vehicles, Three-wheelers, Two-wheelers and Quadricycle across various companies was 1,875,698 units. It is forecasted that there will be 72 vehicles per 1000 people by 2025. There is also a shift being witnessed in the automotive industry. Along with first-time buyers, now auto players are also focusing significantly on repeat customers. This is predominantly being catalysed with the government’s revamped scrappage policy, making the resale market important. To meet this demand, the industry needs quality raw materials and funding. A major raw material component demand for the automobile industry is Steel, as one car uses about 700 kg of Steel. Major steel producers of the country such as Jindal Steel & Power, TATA Steel, JSW Steel, to name a few will have to ramp up their production capacities. [Read Full Article]( You Might Like [Learn more about RevenueStripe...](     Connect with the automobile news on Social Media Platform [Facebook]( [Twitter]( [Linkedin]( You received this email because you operate or create content for a website/service and based on your website it seemed like this could be important information to you and your users. This newsletter is managed by [Postbox Consultancy Services Pvt. Ltd](.C-4/5, IBD Emporia, Kolar Road, Bhopal, Madhya Pradesh, INDIA, 462042 Want to change how you receive these emails? [Update your preferences]( or [Unsubscribe]( Â