Ford and SK Innovation have recently announced that they have signed an MoU for creating a joint venture for an annual production of 60 GWh in array modules and traction battery cells.

Bosch has witnessed a decline in CAPEX due to the 26% decline in net profit to Rs 4.8 billion for FY21 as against Rs 6.49 billion recorded in FY20. Pawan Goenka joins Bosch as an independent director

The amount of Rs 50 million will go to the APSDMA for supporting the state during the second wave of COVID-19. During the first wave, Kia had contributed Rs 20 million as CSR to the CM Relief Fund.

The intensity of the pandemic's second wave might take a toll on India’s domestic automobile sector. The sector was supposed to grow in double digits in FY2022 over FY2021’s low base.

Omega Seiki Mobility, part of the Anglian Omega Group, announced its collaboration with the Haryana Government to open a dedicated COVID-19 Oxygen Hospital at Sanjay Colony, Faridabad.

Herbert Diess, the Volkswagen CEO, has criticised hydrogen fuel cars saying that such vehicles have not proved to be climate-friendly. Elon Musk of Tesla echoed his thoughts.

The company expanded its dual-stage battery pack vent line with Dual-Stage Flex battery vent. It enables pressure relief at lower pressures and supports the life of electric vehicle (EV) batteries.

The market for global crawler tractors is expected to rise to $3.94 billion by 2026 due to an increased demand for advanced machinery, including construction, forestry, mining, and agriculture.

Mobile Drive, a 50/50 joint venture between Foxconn and Stellantis, will quickly develop the most advanced in-car and connected-car technologies. It will bid for global vehicle program contracts.