iVoomi Energy, one of the fastest-growing EV companies in India, announced its expansion plans by investing Rs 200cr towards Research & Development (R&D) and setting up a brand new manufacturing facility in Pune, Maharashtra.
Additionally, after setting up a manufacturing plant in Pune, this will be the fourth manufacturing unit of the company in the country. The new manufacturing facility will be a fully-integrated electric two-wheeler plant that will be operational from March 2023. As a result, the company will also generate local employment, and will provide jobs to more than 2,000 people. The investment will increase the facility's production capability by 60,000 plus units, taking the production number from 1,80,000 units a year to 2,40,000 units a year. The company aims to roll out more than 2,00,000 units by the end of FY 2023.
Michelin announced the launch of the Michelin X Multi Energy Z2, a new-generation truck and bus tyre developed for Indian operating conditions and tested on Indian highways.
Uno Minda, a leading Tier 1 supplier of proprietary automotive solutions to Original Equipment Manufacturers (OEMs), has launched its 10-Inch active under-seat subwoofer, featuring 200W RMS power in a...
Volkswagen Group and NXP Semiconductors announced ahead of the International Suppliers Fair (IZB) in Wolfsburg that they had agreed on a strategic partnership.