To handle the global chip shortage, The Taiwan Semiconductor Manufacturing Co has announced that it plans to increase its plant capacity with an investment of $2.8 billion to install mature technology.

The pace at which hydrogen is being pushed as an alternative to fossil fuels is quite slow in this country. This has put a stop to the launch of the first hydrogen-powered car from Hyundai.

Gogoro, Taiwan’s battery distribution network, gets into a joint partnership with Hero and will be launching Gogoro-powered electric Hero two-wheelers that will be available throughout the country.

According to Deepak Jain, President, ACMA, the collaboration will promote localisation of auto components, reduce the import of substandard components and make the industry prices globally competitive.

The Government’s decision to bar the use of industrial oxygen will temporarily affect small and mid-sized companies focused on metal fabrication, automotive components, shipbreaking, paper and engineering works.

Timely intervention by the government in a form of policy change is required to fuel the growth, believes Gill.

Maersk, one of the world’s leading shipping companies, has launched a double-stacked train service between Gurugram and APM Terminals to serve the automotive sector.

The auto industry is struggling to keep up the production as per the market demand owing to a major semiconductor shortage. Increased demand for cars and electronic gadgets is widening the gap.

Pune-based Jaya Hind Industries to extend its partnership with Germany-based KS Huayu Alutech till 2027. They jointly manufacture cylinder heads and cylinder blocks.