Auto Industry

Business leaders in the automotive space hailed the Interim Budget 2024-25 presented by Finance Minister Nirmala Sitharaman for its clear focus on strengthening the electric vehicle ecosystem at large.

BorgWarner has announced Brady Ericson will serve as President and Chief Executive Officer, and Chris Gropp will serve as Executive Vice President and Chief Financial Officer of the separate, publicly traded company...

The Union Budget 2021-22 presented by Nirmala Sitharaman, Union Minister of Finance may have got a standing ovation from the punters of the Indian stock market, but for the Indian auto industry, the direct benefits ...

In another decade or so, by 2030, while buses and 4-wheeled passenger vehicles will have the least level of electric adoption, it will be two and three wheelers that will see a large adoption of electric vehicles. T...

Nissan has appointed Suja Chandy as managing director for Nissan Digital India. Chandy will be responsible for operations of Nissan’s first Global Digital Hub in India. The hub will focus on building new-age digital...

With the objective of facilitating its members diversify into the fast growing Aerospace & Defence sector, the Automotive Component Manufacturers Association of India (ACMA) organised its second Aerospace and Defenc...

The Electric Motor seems to have scored over the conventional internal combustion engine in the Union Budget 2015-16. And rightly so! The electrical vehicle industry has been bleeding profusely in the last few years...

In the Interim Budget, Finance Minister P Chidambaram reduced excise duty on small cars and motorcycles from 12pc to 8pc. There is also a cut to 20pc for large and mid segment cars and 24pc (from 30pc) for SUVs. Com...