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Time of India
28-05-2025
- Automotive
- Time of India
With 98% R&D in India, Netradyne puts Indian deeptech on the global mobility map
Every year, about 1.2 million lives are snuffed out in road accidents worldwide, according to a World Health Organisation report. Of this, India reports the most number of fatalities. But this deeptech startup, which is also the first unicorn of 2025 in India, is out on a mission to improve road safety and efficiency by leveraging cutting-edge technology that transforms the transportation industry. Netradyne , founded in 2015 by Avneesh Agrawal and David Julian–both Stanford alumni–provides AI-powered fleet safety and video telematics solutions , a form of passive ADAS ( Advanced Driver Assistance System ). Its flagship product– Driver•i– powered by advanced AI analyses every minute of drive time with up to 99 per cent accuracy, recognising both risky and safe driving behaviours. With over 20 billion of driving miles analysed, the company claims the product has delivered a significant reduction in accident rates amongst its users. 'Our customers from India and the US have reported a 50 per cent reduction in accident rates,' Durgadutt Nedungadi, Senior Vice President, Netradyne, told ETAuto. Now, the San Diego-based startup is planning to launch a new line of products which will raise the bar further in its preemptive approach to road safety, with a focus on detecting driver fatigue. 'Shortly, we will launch products which focus on the sleep cycle. By using advanced technology, we have worked on a number of these sleep scales that study blink rates. In this way, we can raise an alert early in the cycle when a driver is sleepy,' said Nedungadi. In the near future, we will also work on technology that can capture pupil dilation to detect state of inebriation, he added. Profitability & R&D focus The Softbank-backed startup has recently announced its global expansion plans, with a target to expand its footprint to 15 countries. The company currently has commercial operations spanning 10 countries, including India, but counts the US as its biggest market. 'About 90 per cent of our sales come from the US. But, over the next few years, we want to reach a stage where the rest of the world contributes a far greater percentage of revenues so that we're truly a global kind of company, notes Nedungadi. Fresh from its Series D round funding, the company has set its eyes on revenue growth while chasing profitability. Over the last two years, the company registered a growth of over 50 per cent and intends to continue the momentum. While not specifying a timeline, Nedungadi emphasised the goal of achieving profitability in the near-term horizon. In 2024, it generated a revenue of $210 million (around ₹1,743 crore). The startup, which has over 3000 customers across the markets including Shell, IndianOil, among others, is also in talks with a number of OEMs from the commercial vehicle segment to explore potential collaborations and integration of its technology. The company has a deep focus on R&D, with about 550 of its 850 employees engaged in the tech area. " Our company has upwards of 30 patents to its name. For us, tech is the important aspect and unless we keep innovating, we will not get to where we really want to be," noted Nedungai. "Although the company is incorporated in San Diego, our tech headquarter is in Bengaluru," he added. With over 98 per cent of its R&D based in India, this startup is not just fostering the future of safe mobility, but also amplifying India's deeptech presence on the global map.
Time of India
21-05-2025
- Automotive
- Time of India
Automotive component sector likely to clock 7-9% revenue growth in FY26: Crisil
Domestic automotive component sector is expected to clock 7-9 per cent revenue growth this fiscal, mirroring last fiscal, driven by sustained demand momentum from two-wheelers and passenger vehicles segments especially utility vehicles, which account for nearly half of the overall revenue, ratings agency Crisil said on Wednesday. It also said that while a moderate uptick in commercial vehicles and tractors sales (around 17 per cent share) will provide an additional tailwind, the aftermarket segment (15 per cent share in revenue) is seen ticking along steadily at 5-7 per cent. However, weak demand for new vehicles in the US and Europe (around 60 per cent of India's exports), presents headwinds. "Demand from automotive OEMs, contributing two-thirds of total revenue, is expected to grow 8-9 per cent this fiscal, with value outpacing volume on rising safety, emission and electronic content, especially in PVs and 2Ws," said Poonam Upadhyay, Director at Crisil Ratings. The aftermarket segment will log a steady 6-7 per cent growth, supported by an ageing vehicle base, she said, adding export growth, however, will moderate to 7-8 per cent amid weak demand for internal combustion engine vehicles and a deceleration in electric vehicle adoption across the US and Europe. Live Events The US, while contributing just around 5 per cent to total revenue, commands a dominant 28 per cent share of export earnings and is the fastest-growing auto component market, said Crisil. The 25 per cent tariff planned by the US can hurt companies heavily reliant on this geography, as per the ratings agency. According to Crisil, operating margins are seen stable at 12-12.5 per cent, driven by growing share of high-margin components such as ADAS (Advanced Driver Assistance System) modules, infotainment systems and advanced braking. A decline in input cost -- particularly of steel (45-50 per cent share in input costs), aluminium (15-20 per cent), and plastics (10-12 per cent) -- used for structural rigidity, reducing vehicle weight and for interiors will support profitability. But pressure from new tariffs can dent the margins of companies exporting largely to the US, it stated. As per Crisil, continuing high capital spend will be funded primarily by internal accruals. This, along with tight control over working capital, will ensure low dependence on external borrowing, keeping credit profiles stable. "The share of high-margin, technology-intensive components now account for around 27 per cent of the segment's revenue, up from around 18 per cent before Covid-19, driven by premiumisation, and stricter emission norms," said Anil More, Associate Director, Crisil Ratings. This structural shift, along with easing input costs, will help players sustain operating margins at 12-12.5 per cent this fiscal despite the global headwinds. However, companies with high export dependence on the US market may see margins compress 125-150 basis points amid limited ability to pass on tariffs, according to him. The rating agency also said that the sector's credit outlook for this fiscal is stable owing to strong cash flows and minimal debt addition, despite sustained capex of around Rs 22,000 crore for scaling EV capabilities, automation and precision manufacturing - in tune with model launches that increasingly feature EVs. However, with EVs forming just around 4 per cent of PV volume, their revenue contribution remains marginal, keeping returns from this category of vehicles muted in the near term, Crisil said. Economic Times WhatsApp channel )
India Today
20-05-2025
- Automotive
- India Today
Honda realigns global strategy: Plans 13 new hybrids by 2030, slows EV expansion
Amid a slowdown in global electric vehicle (EV) sales, Japanese auto major Honda Motor Company has realigned its focus in the passenger vehicle (PV) segment, as the company today announced that it will introduce 13 new hybrid electric vehicles (HEVs) across the globe by will start introducing the 13 new next-generation HEVs from 2027 onwards. The move is aimed at strengthening the company's position in the growing HEV further refining the competitiveness of its products, Honda will launch 13 next-generation HEV models globally, over a four-year span starting in 2027, to build a broad lineup of HEV models and capture growing HEV demand in the market," said Toshihiro Mibe, Director, President and Representative Executive Officer (Global CEO), Honda Motor Company, at a press briefing on the company's initiatives on automobile electrification. Honda had earlier announced that EVs will make up 30% of its global car sales. However, the company now expects the EV ratio to stay below the 30% target amid dwindling sales."As for EVs, due to the revision of the product launch plan considering the recent market slowdown, the Honda global EV sales ratio in 2030 is now expected to fall below the previously announced target of 30%," Mibe the other hand, current market demand for HEV models is high. Therefore, Honda will position its HEVs, mostly next-generation HEV models to be introduced to the market in 2027 onward, as the powertrain that will play a key role during the transition period toward the popularisation of EVs and further enhance its HEV lineup," he to Honda, a steady execution of the realignment strategy by 2030 will allow it to increase the total PV volume to over 3.6 million units, with a handsome contribution of 2.2 million units from HEVs by 2030. Image - Honda Global News Mibe observed that the environment surrounding the automobile industry is changing day by day. "Uncertainty in the business environment is increasing, due particularly to the slowdown in the expansion of the EV market due to several factors, including changes in environmental regulations, which had been the premise for the widespread adoption of EVs, as well as changes in trade policies of various countries," he said."In order to maintain its competitiveness in such a business environment and continue to help and inspire people through its mobility products and services, Honda must create new value not only through electrification but also with enhanced application of intelligent technologies, and then offer such value to a broader range of customers in more accessible and affordable ways," he is also developing its original next-generation Advanced Driver Assistance System (ADAS), which assists the driver with vehicle operations such as acceleration and steering throughout the entire route. The new technology will be installed in several key EV and HEV models that will be launched in North America and Japan around China, the company will work with Momenta Global, a Chinese startup company engaged in autonomous driving technology, to develop next-generation ADAS optimised for the country's road conditions. It will be installed in all future models Honda will launch in also said that to increase the cost competitiveness of HEV models, it is pursuing further cost reduction mainly with key components such as batteries and motors with various initiatives, including co-creation activities with suppliers, further improvement of production efficiency and commonization of more parts and components."Through these initiatives, along with an increase in sales volume, Honda is aiming to reduce the cost of the next-generation hybrid system by more than 50% compared to the hybrid system installed to models introduced in 2018, and by more than 30% compared to the hybrid system introduced in 2023 to current models," Mibe India, Honda offers three models -- Amaze (sedan), City (sedan) and Elevate (SUV). The City also has a hybrid variant -- City e:HEV. Last year, the company announced that it will launch three new nameplates in India within domestic PV sales fell 23.86% to 65,925 units in FY25 from 86,584 units in FY24. However, its exports zoomed 60.23% to 60,229 units in FY25 from 37,589 units during the previous to Auto Today Magazine
Business Upturn
14-05-2025
- Automotive
- Business Upturn
Foresight Collaborates with a Leading Global Tier-One Automotive Supplier to Enhance Bus Safety with Advanced 3D Perception Technology
The parties will engage in a POC project to improve urban transit safety through precision curb detection system Ness Ziona, Israel, May 14, 2025 (GLOBE NEWSWIRE) — Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ('Foresight' or the 'Company'), an innovator in three-dimensional ('3D') perception systems, announced today the signing of an agreement for proof of concept (POC) project with a global Tier One automotive supplier to evaluate the effectiveness of its cutting-edge 3D perception system in measuring curb heights and distances in urban environments. The system will be used as an aftermarket Advanced Driver Assistance System (ADAS) on a select fleet of city buses. The collaboration will evaluate Foresight's advanced 3D perception system, based on stereovision technology, in real-world transit applications, specifically focusing on the system's ability to accurately detect and measure curbstones at various distances. Foresight's system is designed to provide drivers with enhanced situational awareness. This capability is crucial for improving safety during bus approach and departure from stops, potentially reducing accidents and enhancing accessibility for all passengers. According to the October 2024 'Commercial Vehicle ADAS Market by Offering, Technology, Autonomous Driving Level, Application – Global Forecast 2025–2030' report by Research and Markets, the commercial vehicle ADAS market is expanding rapidly from $17.66 billion in 2023 to a projected $43.24 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.64%. According to the report, ADAS for buses represents a key segment within this market, as public transportation providers increasingly prioritize safety, efficiency, and regulatory compliance. These technologies play a vital role in reducing accidents and operational costs. Market growth is driven by smart city initiatives and advancements in AI and sensor integration, creating substantial market opportunities for OEMs, fleet operators, and technology innovators. The POC project is expected to begin in the second half of 2025. Upon successful completion, the parties intend to commercialize Foresight's 3D perception system by 2028. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception and cellular-based applications. Through the Company's controlled subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both 'in-line-of-sight' vision systems and 'beyond-line-of-sight' accident-prevention solutions. Foresight's 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs). Eye-Net Mobile develops next-generation vehicle-to-everything (V2X) collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net's innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit follow @ForesightAuto1 on 'X' (formerly Twitter), or join Foresight Automotive on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the advantages and benefits of Foresight's system, market size, the timing of the POC project and the parties' intent to commercialize the system by 2028. Because such statements deal with future events and are based on Foresight's current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading 'Risk Factors' in Foresight's annual report on Form 20-F for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC') on March 24, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. Investor Relations Contact: Miri Segal-SchariaCEOMS-IR LLC [email protected] 917-607-8654
Associated Press
14-05-2025
- Automotive
- Associated Press
Foresight Collaborates with a Leading Global Tier-One Automotive Supplier to Enhance Bus Safety with Advanced 3D Perception Technology
The parties will engage in a POC project to improve urban transit safety through precision curb detection system Ness Ziona, Israel, May 14, 2025 (GLOBE NEWSWIRE) -- Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) ('Foresight' or the 'Company'), an innovator in three-dimensional ('3D') perception systems, announced today the signing of an agreement for proof of concept (POC) project with a global Tier One automotive supplier to evaluate the effectiveness of its cutting-edge 3D perception system in measuring curb heights and distances in urban environments. The system will be used as an aftermarket Advanced Driver Assistance System (ADAS) on a select fleet of city buses. The collaboration will evaluate Foresight's advanced 3D perception system, based on stereovision technology, in real-world transit applications, specifically focusing on the system's ability to accurately detect and measure curbstones at various distances. Foresight's system is designed to provide drivers with enhanced situational awareness. This capability is crucial for improving safety during bus approach and departure from stops, potentially reducing accidents and enhancing accessibility for all passengers. According to the October 2024 'Commercial Vehicle ADAS Market by Offering, Technology, Autonomous Driving Level, Application – Global Forecast 2025–2030' report by Research and Markets, the commercial vehicle ADAS market is expanding rapidly from $17.66 billion in 2023 to a projected $43.24 billion by 2030, growing at a compound annual growth rate (CAGR) of 13.64%. According to the report, ADAS for buses represents a key segment within this market, as public transportation providers increasingly prioritize safety, efficiency, and regulatory compliance. These technologies play a vital role in reducing accidents and operational costs. Market growth is driven by smart city initiatives and advancements in AI and sensor integration, creating substantial market opportunities for OEMs, fleet operators, and technology innovators. The POC project is expected to begin in the second half of 2025. Upon successful completion, the parties intend to commercialize Foresight's 3D perception system by 2028. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing advanced three-dimensional (3D) perception and cellular-based applications. Through the Company's controlled subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both 'in-line-of-sight' vision systems and 'beyond-line-of-sight' accident-prevention solutions. Foresight's 3D perception systems include modules of automatic calibration and dense 3D point cloud that can be applied to different markets such as automotive, defense, autonomous driving, agriculture, heavy industrial equipment and unmanned aerial vehicles (UAVs). Eye-Net Mobile develops next-generation vehicle-to-everything (V2X) collision prevention solutions and smart automotive systems to enhance road safety and situational awareness for all road users in the urban mobility environment. By leveraging cutting-edge artificial intelligence (AI) technology, advanced analytics, and existing cellular networks, Eye-Net's innovative solution suite delivers real-time pre-collision alerts to all road users using smartphones and other smart devices within vehicles. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit follow @ForesightAuto1 on 'X' (formerly Twitter), or join Foresight Automotive on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the advantages and benefits of Foresight's system, market size, the timing of the POC project and the parties' intent to commercialize the system by 2028. Because such statements deal with future events and are based on Foresight's current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading 'Risk Factors' in Foresight's annual report on Form 20-F for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission ('SEC') on March 24, 2025, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC [email protected] 917-607-8654
