Spark Minda acquired a 26% equity stake in EVQPOINT Solutions - a charging solutions start-up. Spark Minda will become the exclusive technology and manufacturing partner for battery chargers and EV supply equipment for EVQPOINT.

Thermo King, a brand of global climate innovator Trane Technologies, stated that it will invest more than $100 million to deliver a fully electric product in every segment of the cold chain by 2023.

This year auto dealers expect the semiconductor shortage to result in sales dropping by about 30%. SIAM has asked the MEA to reach out to chipmakers to prioritise Indian automakers when plants reopen.

The investment in Motorcomm was done through the Hubei Xiaomi Yangtze River Industrial Fund. The size and other details of the deal were not disclosed.

Toyota Kirloskar Motor was awarded by Confederation of Indian Industry (CII) Southern Region for its outstanding contribution in Water and hazardous Waste management.

Continental appointed Hans-Jörg Feigel (62) as Head of Strategy and Future Solutions in the business area Autonomous Mobility and Safety (AMS), effective September 1, 2021.

The acquisition would put the value of VIA Motors at about $630 million. Ideanomics will offer 162 million shares to shareholders of VIA Motors, which will own about 25% of the combined entity.

OTO, a two-wheeler buying, and financing innovator announced that it raised $6M in a Series A investment round led by Matrix Partners India.

Sona Comstar has earmarked a capex of around Rs 6 billion for the current fiscal as it remains positive about sustaining its growth trends in the current fiscal and beyond, as per a top company