With Indian automotive sector have shown keen interest on developing EV technologies and allied infrastructure to achieve low carbon emissions, Altigreen Propulsion Labs is developing Drivetrain for electric vehicles that will not only meet needs of customers but also change the scenario in next six to 12 months, says Shalendra Gupta, CFO, Altigreen Propulsion Labs.

Fortum India Pvt Ltd, a leading electric vehicle charging solution provider, started business of electric vehicles charging stations under brand, Fortum Charge & Drive.

Growing usage of synthetic oils, shift towards thinner oils and constant need for technological updates are some of the interesting changes in the automotive lubricant industry.

With new vehicles sales declining in last few months, lubricant industry is banking on the after-market segment as millions of existing vehicles continue to run and require the lubricants.

With electric vehicles (EVs) penetration in passenger cars to touch only 6 per cent by 2030 but grow rapidly thereafter to touch 28 per cent by 2040, making India the fourth largest passenger EV market in the world, says Amitabh Kant, CEO, NITI Aayog, while discussing the growth trajectory of the Indian EV market due to the government initiatives.

Demand for safety features is growing in vehicles due to stringent regulations and changing consumer preferences.

Infrastructure development is expected to gain momentum in the second term of PM Narendra Modi led NDA Government.

The Indian machine tool industry is currently estimated at around $ 2.3 billion (Rs 14,692 crores), of which the domestic production accounts for almost 50 per cent of the total consumption.

The government is pushing for energy efficient vehicles and lighting system is playing a big role in this shift. Driven by government regulations for CO2 emission reductions, halogen lights is likely to be phased out with LEDs taking their place.