Addressing the media in Chennai, Arun Goel, Secretary, Union Ministry of Heavy Industries, said that the country has seen investments of around $34.5 billion in the last five years.

Government’s productivity linked incentive (PLI) scheme for auto and component industry is set to change it in a big way through electric vehicles (EV), new technologies and new players in the market.

VE Commercial Vehicles Ltd, a joint venture between Volvo Group and Eicher Motors, are keen to take advantage of the productivity linked incentive (PLI) through expansion plans for electric vehicles.

Electric vehicle maker WardWizard Innovations & Mobility plans to invest Rs 1.5 billion in the business in the next six months to ramp up technology and infrastructure, due to increased demand.

The impact of pandemic will be there for quite some time to stay and one can definitely expect a rise in the merger and acquisitions (M&As) numbers, says Manav Kapur, Executive Director, Steelbird International.

New plant demonstrates Schaeffler’s advanced capabilities in sustainability and e-mobility. The 15,000 sqm production facility for electrified powertrain components and systems meets highest standards of sustainability

The new affordable and reliable radar solution by Continental uses perception algorithms, making it suitable for markets like India. Rear View Systems (RVS231) is a cost-effective, compact, and highly intelligent camera with built-in features and functions

Allison to pay approximately $27 million in cash for AVTEC’s off-highway transmission portfolio and Madras Export Processing Zone (MEPZ) off-highway component machining business.

Kia India, the fastest-growing carmaker in the country, has introduced the refreshed edition of its extravagant MPV – the Carnival.