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.
After almost trebling to 7.3 lakh units last fiscal, volume growth of electric two-wheelers (e2Ws) is set to slow to 25% this fiscal following the recent reduction of subsidy under the FAME-II scheme and consequent ...
Electric Vehicles (EV) penetration in India will reach 50pc by FY33 led by strong and sustained government support. Moreover, incentives of Rs 1.8 trillion over FY 24-28E would lead to battery demand of 250Gwh and e...
Bhago Mobility Solutions Private Limited (Bhago), the green energy vertical for Modern Automotive Limited (MAL) has announced its latest equity acquisition in Pastiche Energy Solutions (P) Ltd (Pastiche), one of the...
India’s leading rating agency ICRA has estimated that the revenue decline for the Indian auto component industry will be limited to 6-8% in FY2021 supported by the better-than-expected demand pick-up across most seg...
Synergies Castings Limited, India’s leading aluminium alloy wheel manufacturer announced the signing of an MoU with the Government of Andhra to establish a major greenfield aluminium casting and specialty alloy whee...
Royal Enfield, the global leader in mid-sized motorcycles, announced its planned capital expenditure of Rs 800 crore for the year 2018-19. The capex announced will include the commencement of construction of Phase-2...
JSW Energy Limited, part of the JSW Group and a growing energy company is planning to launch its own electric vehicle by 2020. The company is keen to enter into electric vehicles, energy storage systems and associat...
Cyrus Mistry who was ousted from his position as Chairman of Tata Sons finally came out with his guns blazing in a hard hitting letter to the Directors of Tata Sons and to the Trustees of the Tata Trusts. He said in...
Leading Indian motorcycle manufacturer Hero MotoCorp Ltd. (HMCL) set a historic milestone with its ‘first’ global manufacturing facility, at Villa Rica, in Colombia going operational, on September 8, 2015.
For the Rs 7,625 crore Kalyani group controlled by Baba Kalyani, ‘Make in India” has been a way of life. For long, this group which has business interests in the fields of automotive, energy, rail, marine, aerospace...
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry, announced the findings of its Industry Performance Review for the fiscal 2014...
The Indian auto components industry has come of age. This was clearly reflected in the fact that the industry recorded a 16.7pc growth at Rs 61,487 crore (US $ 10.2 billion) for the year 2013-14 as compared to Rs 52...
In line with its aggressive expansion plans for India, JK Tyre & Industries Ltd. has launched a tota
ACMA, the apex body representing India’s Auto Component manufacturing industry
A two-stage side airbag from ZF Lifetec uses the milliseconds before an unavoidable crash to build up valuable distance and better protect the occupants.
Vitesco Technologies, a leading international manufacturer of advanced drive technologies and electrification solutions, presented the new Rotor Lock Actuator at the SIA Powertrain in Lille (France) f...
Apollo Tyres Ltd, has expanded Vredestein’s range for premium and luxury SUVs. Vredestein Pinza HT (highway terrain), a global product, has been introduced for the premium SUVs in India in 16 – 18 inc...