News Oct 22, 2021 Foxconn plans EV manufacturing in India: Report Taiwan-based tech company Foxconn, which has announced its entry into the electric vehicle space, is looking forward to come to India to manufacture its EVs.
News Oct 20, 2021 Toyota to invest $ 3.4 billion for setting up EV plants in US Toyota Motor has announced that it will invest about $3.4 billion to develop batteries for electric vehicles and EV production in United States till the end of the decade
News Oct 19, 2021 Ford to invest around $ 300 million for EV car parts in UK Ford said that it would invest up to $316 million to build electric car components at its Halewood factory in northern England.
News Oct 18, 2021 European carmakers face scarcity of raw materials for EV batteries Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe, but may face a bigger challenge finding enough battery raw materials as they plan to manufacture electric vehicles.
News Oct 14, 2021 Tata Motors secures Rs 75 bn from TPG Rise Climate for new EV subsidiary Recently, the Tata Motors and TPG Rise Climate has entered into a binding agreement, wherein the latter along with its co-investor ADQ will invest in its newly incorporated subsidiary of Tata Motors.
News Oct 13, 2021 ICRA slashes FY22 growth forecast for auto industries Ratings agency ICRA revised downwards the growth forecast for the auto components industry by 300 basis points for the ongoing fiscal year citing the impact of semiconductor shortage.
News Oct 01, 2021 Reduced price of conversion kits may spur use of auto LPG A reduction in GST rates on auto LPG and subsidies on conversion kits can spur the use of LPG as a fuel in automobiles, according to Indian Auto LPG Coalition (IAC).
News Oct 01, 2021 Raymond plans to consolidate engineering business Textile major Raymond has said its board has approved plans to consolidate the tools and hardware and auto components businesses into engineering business.
News Oct 01, 2021 Raymond plans to consolidate engineering business Textile major Raymond has said its board has approved plans to consolidate the tools and hardware and auto components businesses into engineering business.