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Section: News

Electric bus manufacturing projects take off in Maharashtra
News
  Feb 26, 2022

Electric bus manufacturing projects take off in Maharashtra

After two-, three- and four-wheelers, electrification of the mass transit segment is now taking off. Work on two projects, of nearly Rs 50 billion in greenfield electric bus-manufacturing projects, has started in Pune.

TVS Motor Company reaches 1 million unit export mark in 2021-22
News
  Feb 26, 2022

TVS Motor Company reaches 1 million unit export mark in 2021-22

TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, announced that its two-wheeler exports clocked 1 million units in FY21-22.

Adani, Ballard ink pact for JV for hydrogen fuel cells
News
  Feb 26, 2022

Adani, Ballard ink pact for JV for hydrogen fuel cells

The Adani Group said that it has signed a non-binding Memorandum of Understanding with Nasdaq-listed Ballard Power Systems.

Motherson, Valeo tie up to produce auto interior lighting
News
  Feb 26, 2022

Motherson, Valeo tie up to produce auto interior lighting

Samvardhana Motherson Automotive Systems Group BV (SMRP BV) and Valeo have signed a Memorandum of Understanding (MoU) to create the vehicle interiors through integration of lighting systems

Bharat Forge to acquire JS Autocast
News
  Feb 26, 2022

Bharat Forge to acquire JS Autocast

The auto component maker Bharat Forge Limited along with its subsidiary, BF Industrial Solutions Limited announced 100% acquisition of Coimbatore-based JS Autocast Foundry India Private Limited.

Cummins to acquire Meritor for $2.6 bn to raise EV parts production
News
  Feb 26, 2022

Cummins to acquire Meritor for $2.6 bn to raise EV parts production

US truck engine maker Cummins Inc said that it will buy auto parts maker Meritor Inc for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings.

Tesla should buy $ 500 mn Indian auto parts for tax cut
News
  Feb 23, 2022

Tesla should buy $ 500 mn Indian auto parts for tax cut

Tesla CEO Elon Musk has previously urged the Government of India to bring the taxes down. The Government is now asking Tesla to source auto components worth at least $500 million from India.

Indian goods to get duty free access to UAE market post FTA
News
  Feb 23, 2022

Indian goods to get duty free access to UAE market post FTA

Indian goods worth as much as $26 billion, which are currently taxed at 5% by the UAE, will be allowed at zero duty once the free trade agreement (FTA) with Abu Dhabi comes into force by May.

Graphite may have big role in EV industry expansion
News
  Feb 04, 2022

Graphite may have big role in EV industry expansion

The next commodity supercycle could start and end with Chinese graphite, the single most important battery material right now in terms of supply and demand.

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