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.
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.
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.
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.
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.
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.
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.
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.
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.