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Section: News

Auto ancillary industry to see demand recovery: Ind-Ra
News
  Sep 15, 2021

Auto ancillary industry to see demand recovery: Ind-Ra

Ind-Ra has maintained an improving outlook for the auto ancillary sector and maintained a stable outlook on its rated portfolio for the second half of FY22. Credit metrics are likely to improve in FY22.

LANXESS develops radar sensors with integrated thermal management
News
  Sep 15, 2021

LANXESS develops radar sensors with integrated thermal management

LANXESS has developed a new concept for radar sensors with integrated thermal management that will benefit autonomous driving.

Minda Corp recruits Ranjit Nambiar as CEO, Interior Plastic Division
News
  Sep 15, 2021

Minda Corp recruits Ranjit Nambiar as CEO, Interior Plastic Division

Minda Corporation Limited has appointed Ranjit Nambiar as the Chief Executive Officer (CEO) and P.C Jayan as the Chief Technology Officer (CTO) for its Interior Plastic division (IPD) business.

Supply-side constraints to restrict India’s auto industry growth: Ind-Ra
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.

TVS Motor Company to expand in South Africa
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).

Spark Minda explores buyouts in the EV component space
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

Piaggio, KTM, Honda and Yamaha set up the swappable batteries consortium
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.

China issues auto data regulation that impacts the auto industry
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.

Auto makers to focus on Software-driven transformation
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.

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