News Sep 15, 2021 Supply-side constraints to restrict India’s auto industry growth: Ind-Ra Ind-Ra revised auto volumes growth forecast to 12%-16% YoY from the initial forecast of 16%-20% YoY. The downward revision is due to a revision in the growth forecasts for 2Ws and PVs.
News Sep 13, 2021 TVS Motor Company to expand in South Africa TVS Motor Company is a well-known two-wheeler and three-wheeler manufacturer. It is a flagship company of the $8.5 billion TVS Group. It has announced a new distribution partnership with ETG Logistics (ETGL).
News Sep 13, 2021 Spark Minda explores buyouts in the EV component space Spark Minda, Minda Group, Aakash Minda, Spark Minda Green Mobility Solutions, Bajaj Auto, TVS Motor Company, Revolt, Ola Electric auto parts manufacturer, electric vehicle component space, EV component kit, M&A, investment, fundraising initiatives, electric two-wheelers, sensors, a central cluster, DC/DC converter, locking system, charger, telematics, battery, battery management systems, motor and motor controller supplies
News Sep 13, 2021 Piaggio, KTM, Honda and Yamaha set up the swappable batteries consortium Swappable Batteries Motorcycle Consortium aims to broaden the use of light EVs, such as scooters, mopeds and motorcycles. It would support the sustainable management of batteries in light EVs.
News Sep 13, 2021 China issues auto data regulation that impacts the auto industry The Auto Data Regulation would come into effect from October 1, 2021. It is brought in to change the supervisory landscape of the auto industry concerning the processing of automobile data.
News Sep 13, 2021 Auto makers to focus on Software-driven transformation The leading original equipment manufacturers (OEMs) in the automotive industry are expected to gain a 9% higher share through Software-driven transformation, as per the report from the Capgemini Research Institute.
News Sep 13, 2021 Jarsh Innovation develops AC helmets for workers A Hyderabad-based company has built helmets with an inbuilt air-conditioner so that the industrial workers can be given good working conditions.
News Sep 13, 2021 Nickel HPAL plant to be completed by 2026 by Vale Indonesia Indonesian nickel miner PT Vale Indonesia is aiming to start the construction of a new project at Pomalaa so that it can produce material that is used in batteries of EVs.
News Sep 09, 2021 FADA predicts dull festive season for auto sector due to chip shortage OEMs are struggling to supply adequate vehicles to dealers. FADA’s outlook remains a mixed bag with PVs witnessing demand-supply mismatch and the 2W segment facing a demand crunch.