News Updates

Teaming with its battery partner, SK Innovation of South Korea, Ford said that it will spend $5.6 billion in Stanton, Tennessee, where it will build a factory to produce electric F-Series pickups.

According to ICRA, the Production-Linked Incentive (PLI) scheme of Rs 259.38 billion has the potential to make India an export hub in the global auto supply chain and increase cost competitiveness.

The domestic appliances and consumer electronics industry, is facing shortages in components such as semiconductors and chips, said industry body CEAMA.

India and Taiwan are in talks on an agreement that could bring chip manufacturing to South Asia by the end of the year.

India's top auto dealers’ group has asked the Indian government to draft rules to safeguard their interests when global automakers decide to leave the market as Ford has said it will do.

The government has issued notification regarding Production Linked Incentive (PLI) Scheme for automobile & auto components.

German chemicals giant BASF said its burgeoning auto battery recycling activities will see further investments to bolster a scarce stream of supplies of metal ingredients for its battery chemicals business.

An ongoing global shortage in semiconductors is on track to cost the world’s automakers $210bn in lost revenue this year, almost double that of previous estimates.

The South Korean electronics maker has acquired 63.9% share of Israeli automotive cybersecurity startup Cybellum