News Oct 01, 2021 Ford to invest $ 11.5 billion in electrification 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.
News Oct 01, 2021 ICRA sees positive influence of PLI Scheme on auto supply chain 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.
News Sep 29, 2021 CEAMA sees chip shortage behind delayed launch of new products The domestic appliances and consumer electronics industry, is facing shortages in components such as semiconductors and chips, said industry body CEAMA.
News Sep 29, 2021 India in talks with Taiwan over $ 7.5 billion chip plant India and Taiwan are in talks on an agreement that could bring chip manufacturing to South Asia by the end of the year.
News Sep 28, 2021 Indian auto dealers seek govt help after Ford exit 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.
News Sep 28, 2021 Notification issued for PLI Scheme for auto industry The government has issued notification regarding Production Linked Incentive (PLI) Scheme for automobile & auto components.
News Sep 25, 2021 BASF to step- up recycling operations 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.
News Sep 25, 2021 Global auto industry to loss $210 bn due to chip shortage 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.
News Sep 25, 2021 LG acquires Israeli automotive cybersecurity start-up Cybellum The South Korean electronics maker has acquired 63.9% share of Israeli automotive cybersecurity startup Cybellum