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Taiwanese machine tool maker expects good growth due to EV boom
News
  Jan 13, 2022

Taiwanese machine tool maker expects good growth due to EV boom

The machine tool industry has a historic chance of growth due to the shift to electric vehicles and demand for localised manufacturing, as per the head of the biggest Taiwanese machine tool company.

Dispute arise between US & Mexico over new auto component rules
News
  Jan 11, 2022

Dispute arise between US & Mexico over new auto component rules

The Mexican government requested a dispute resolution panel under the US-Mexico-Canada free trade agreement because it claims the United States is improperly interpreting stricter regional content rules under the pact.

Auto companies expect 2022 sales to be higher than 2021
News
  Jan 06, 2022

Auto companies expect 2022 sales to be higher than 2021

Kumar Rakesh, senior automobile and technology analyst at BNP Paribas India, said that, raw material prices are stabilizing and price hikes would positively impact the margins of automakers.

Biden takes step to control fuel related climate change
News
  Dec 27, 2021

Biden takes step to control fuel related climate change

In a major step to fight climate change, the Biden administration is raising vehicle mileage standards to significantly reduce emissions of planet-warming greenhouse gases.

Restructuring on at top management level in Indian auto industries
News
  Dec 27, 2021

Restructuring on at top management level in Indian auto industries

India’s auto industry is going through a churn and has seen several top-level exits. Automakers have announced departures from their top-level management or a change in their global leadership teams.

India, Taiwan in talks for FTA, establishing semiconductor hub
News
  Dec 21, 2021

India, Taiwan in talks for FTA, establishing semiconductor hub

India and Taiwan have started negotiations for a free-trade agreement and the setting up of a semiconductor manufacturing facility by a Taiwanese firm in India.

Magenta invests in Axiom to expand charging solutions
News
  Dec 10, 2021

Magenta invests in Axiom to expand charging solutions

Magenta, India’s homegrown integrated Electric Vehicle (EV) charging solutions company, confirmed a significant investment into Axiom Energy Conversion Limited, a leading EV component manufacturer.

South Korea’s auto supply chain undergoes restructuring
News
  Dec 09, 2021

South Korea’s auto supply chain undergoes restructuring

South Korea’s auto parts supply chain is rapidly losing competitiveness and manpower due to slow response to faster transition to automated and electric mobility amid lack of financial resources.

India may save Rs 20 trillion by transition to EV
News
  Dec 09, 2021

India may save Rs 20 trillion by transition to EV

Dr Mahendra Nath Pandey, Union Heavy Industries Minister, mentioned that India’s transition to Electric Mobility System can save Rs 20 trillion by 2030 on avoided oil imports alone.

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