ESG performance or compliance are fast becoming a priority for most corporates. Looking beyond their ambitious targets about achieving carbon neutrality by 2045 while the country may have set a carbon neutrality for a later date, ESG is driving carbon footprint reduction and a quest for sustainable future. As early followers of ESG processes rake in carbon credits, it is companies like Tesla that made billions of dollars from selling carbon credits than electric autonomous cars. 
Carbon credits are a key part of financial performance and has helped it to achieve carbon credits, It is the same with BYD of China. Raking in carbon credits as a manufacturer of electric vehicles, BYD, aided by the Chinese Government’s ‘Made in China 2025’ initiative, is finding itself in a position of advantage as it eyes the European market for expansion. 
BYD could soon sell more than 300,000 vehicles in Europe alone with its factory in Hungary scheduled to begin operation in 2026. The capacity at the plant would be gradually expanded to 300,000 vehicles per year against the background of the company selling 16,000 vehicles across Europe in 2022. 
But that is not all: With a clear edge in electric vehicles as compared to Europe, US or the rest of Asia, which has been sold in developing electric vehicle technology, Chinese automakers like BYD have begun to eye plants of European manufacturers like Volkswagen as they falter and cut the flab. 
As Volkswagen is forced to sell its facilities in Dresden and Osnabrück, work that has been lost is going the way of Chinese car companies. Scrambling to meet the EU’s strict 2025 emissions targets, European manufacturers are buying carbon credits from Chinese electric vehicle manufacturers like BYD, which have accumulated a lot of them. 
With Europe planning to fine Volkswagen Eur 1.5 billion for falling short of emissions compliance, it is a not time away that Chinese electric vehicle manufacturers look poised to not only dominate the European market but also build their vehicles in the heart of Europe in big numbers rather than export them from their home country.
Having developed the habit of keeping technology and innovation to themselves and in their home country, the Chinese automotive players are playing smart with their electric vehicle card. They are triumphing on the basis that they are too good at making electric vehicles much like they are not so good at making ICE vehicles. They lack the knowledge of metallurgy that is needed to build internal combustion engines, mentioned an electro-mechanical engineer in Germany. It feels like a punch to the gut, added another engineer from Europe as he explained how the US and European flocked to China to save costs and are being bought over almost by the same companies that they once collaborated with in search of a new, large market.
 

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Chinese automotive major BYD has become a participant of the United Nations Global Compact (UNGC), formally joining the world’s largest corporate sustainability initiative on 14 September 2026. The Chinese new energy vehicle manufacturer has committed to upholding the compact’s Ten Principles while embedding the UN Sustainable Development Goals (SDGs) more deeply into its corporate strategy and daily operations, with the company framing the move as a contribution to global sustainable development through concrete action.

The UN Global Compact, founded in 2000, pioneered the concept of environmental, social and governance performance and now counts more than 25,000 participating enterprises across over 160 countries. It works to translate its Ten Principles into business operations and strategic development, helping companies meet their compact responsibilities while advancing the UN’s 2030 Agenda for Sustainable Development. The initiative also promotes collaboration and partnerships aimed at addressing the challenges of globalisation and accelerating sustainability worldwide.

BYD, the world’s largest new energy vehicle enterprise, sells its vehicles in more than 100 countries and regions. Guided by its vision to cool the Earth by 1°C, the automaker stopped producing purely fuel-powered vehicles in 2022, becoming the first carmaker to do so, and aims to reach carbon neutrality across its entire value chain by 2045. Its DREAMS sustainability strategy, unveiled in 2025, rests on six pillars: decarbonisation, revolution, equity, alliance, moral integrity and shared value. In 2025, BYD delivered 4.6 million new energy vehicles and reduced carbon emissions by 46.6 million tonnes, equivalent to planting 776 million trees. It has also established a RMB 3 billion charity fund supporting education, university scholarships and the popularization of new energy vehicle technology.

The company described joining the compact as a milestone in its sustainability journey. Going forward, BYD intends to adhere strictly to the initiative’s principles and requirements, fulfil its corporate social responsibility and promote responsible governance and business practices throughout its operations while working with value chain partners to advance broader sustainable development goals.

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India Pistons, the flagship company of Chennai-headquartered Amalgamations Group, has announced the appointment of Suresh KV as Chief Executive Officer effective 14 October 2026.

The appointment marks his return to corporate leadership following a sabbatical of nearly three years spanning from January 2024 to October 2026. Prior to his sabbatical, Suresh served as President of ZF India from June 2015 to December 2023, where he led the vision, strategy, governance, and business performance across 18 manufacturing plants, eight engineering centres, three subsidiaries, and four joint ventures nationwide.

At present, IPL's major OEM customers include Hyundai Motor Company, Maruti Suzuki India, Ashok Leyland, Tata Motors, VE Commercial Vehicles, Simpsons & Co, TAFE, Mahindra & Mahindra and Greaves Cotton, among others.

He also represented the company on the Executive Committee of the Automotive Component Manufacturers Association of India (ACMA), serving as Co-Chair for its Western Chapter.

His earlier tenure at ZF included serving as Executive Director of ZF Wind Power Coimbatore from November 2010 to May 2015. He managed a 60-acre manufacturing facility producing wind turbine gearboxes, axles, and transmissions for agricultural and construction equipment, achieving an annual turnover exceeding INR 9.50 billion in 2015.

Suresh's career in the automotive and industrial manufacturing sectors spans more than three decades, including operational and managerial positions at Hansen Transmissions, High Technology Plastics India, Motherson Sumi Systems, Climate Systems India, Visteon Automotive Systems, Bajaj Auto and Asian Paints.

In his new role at India Pistons in Chennai, Suresh will oversee operations, performance execution, and growth strategy for the manufacturer.

"My nearly three-year break from the corporate world has been much the same – a welcome pause to reflect, rejuvenate and rediscover purpose. This new chapter is much more than professional achievement, alone. It is an opportunity to make a meaningful difference, create lasting value, and perhaps pursue the fifth level of Maslow’s hierarchy of needs – self-actualisation. As the saying goes, 'Old wine in a new bottle' – though I would like to believe that, with age, the wine only gets better! The break is over. The final stint begins, with renewed energy, a clearer sense of purpose, and the excitement of being back in the game," said Suresh KV.

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Japanese automotive companies Honda Motor Co and Mitsubishi Motors Corporation have signed a Memorandum of Understanding (MoU) to develop a Honda pickup truck based on the Mitsubishi Triton.

The agreement marks the first product-supply initiative between the two manufacturers, with the new Honda model scheduled to enter the ASEAN market in 2028. The collaboration originates from a strategic partnership framework established in August 2024 among Honda, Mitsubishi Motors and Nissan Motor, which explores vehicle supply arrangements to expand product lineups across international markets.

As per the agreement, Honda will enter the pickup truck segment in the ASEAN region by utilising Mitsubishi's 1-tonne ladder-frame Triton platform. For Mitsubishi Motors, the OEM supply contract will increase production volumes and vehicle assembly capacity utilisation at its manufacturing facilities in Thailand. The three partner companies continue to examine additional vehicle supply and technology-sharing initiatives.

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Industry leaders at the Renewable Energy India Expo and The Battery Show India (TBSI) highlighted critical mineral access, technology partnerships and domestic manufacturing capabilities to strengthen India's electric vehicle supply chain.

The event convened over 1,080 exhibitors, 1,400 brands and 54,000 professionals, focusing on international collaboration across critical minerals, battery technology and energy storage.

Interestingly, Australia, represented by 20 companies and 32 exhibitors, identified battery production and electric vehicle supply chains as areas for cooperation with Indian manufacturers, leveraging its lithium, cobalt and rare earth reserves. Projections shared at the exhibition indicate India's renewable energy market will reach 486 GW by 2030, while the battery storage sector is projected to surpass USD 8.5 billion by 2031, growing at a compound annual growth rate of 33 percent.

Philip Green, Australia’s High Commissioner to India, said, "The two countries could combine Australia’s engineering expertise and mineral resources with India’s manufacturing strength and integration into global supply chains. Australia produces more than 50 percent of the world’s lithium, according to Green, and holds the world’s second-largest cobalt reserves. It also ranks second or third globally in rare earth resources." he said.

Yogesh Mudras, Managing Director of Informa Markets in India, said, "Renewable energy generation and grid storage needed to expand together as the country advanced its energy transition. India’s renewable energy market is projected to reach 486 GW by 2030, growing at a compound annual growth rate (CAGR) of 15 percent. The country’s battery storage sector is projected to exceed USD 8.5 billion by 2031, with a CAGR of 33 percent."

Anandi Iyer, Director of the Fraunhofer Office in India, said, "India and Germany had opportunities to collaborate in battery research, power electronics, advanced engineering and industrial automation. Approximately 800 GW of renewable energy capacity additions globally in 2025, while global battery storage deployment reached 108 GW, an increase of 40 per cent from the previous year. Technological self-reliance did not mean working in isolation, highlighting the importance of trusted partnerships and supply chains that can translate research into commercially viable solutions."

Manu Srivastav, Additional Chief Secretary in Madhya Pradesh’s Power & Renewable Energy Department, said, "Renewable energy was becoming increasingly competitive with conventional power as costs declined.”  

Jai Asundi, Executive Director of the Centre for Study of Science, Technology & Policy, said, "India would need continued investment in manufacturing, energy storage, grid infrastructure, research and skilled talent to build a resilient clean energy ecosystem."

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