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Indian auto sector would attract investments: Arun Goel
News
  Sep 23, 2021

Indian auto sector would attract investments: Arun Goel

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.

New PLI scheme to change Indian automobile sector
News
  Sep 23, 2021

New PLI scheme to change Indian automobile sector

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 to expand electric vehicles production through PLI
News
  Sep 23, 2021

VE Commercial to expand electric vehicles production through PLI

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.

Wardwizard to increase investment in EV business
News
  Sep 22, 2021

Wardwizard to increase investment in EV business

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.

How M&As play an important role in the growth of auto industry
News
  Sep 22, 2021

How M&As play an important role in the growth of auto industry

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.

Schaeffler opens e-mobility plant in Hungary
News
  Sep 22, 2021

Schaeffler opens e-mobility plant in Hungary

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

Continental’s India R&D centre develops affordable ADAS solutions
News
  Sep 22, 2021

Continental’s India R&D centre develops affordable ADAS solutions

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

US-based Allison Transmission buys AVTEC’s off-highway component units
News
  Sep 21, 2021

US-based Allison Transmission buys AVTEC’s off-highway component units

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 launches Carnival with new look, price options
News
  Sep 21, 2021

Kia India launches Carnival with new look, price options

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

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