News Updates

MG Motor India has joined hands with the Automotive Component Manufacturers Association of India (ACMA) with a vision to educate and foster skill development in the EV component industry.

The all-electric Ra314 powertrain will be the first product and will be used in OSM Rage+ in Q1 FY23

A consortium led by South Korean electric carmaker Edison Motors Co has agreed to acquire debt-ridden SsangYong Motor Co Ltd for $254.65 million.

The Mexican government requested a dispute resolution panel under the US-Mexico-Canada free trade agreement because it claims the United States is improperly interpreting stricter regional content rules under the pact.

India's import tariffs for the electronics sector are higher compared to countries like China and Vietnam that is negating the support provided through PLI schemes.

All major vehicle original equipment manufacturers (OEMs) and component makers have applied for the automotive vehicle and component production-linked incentive (PLI) scheme, as per government sources.

A report by JMK Research and Analytics claims that overall EV sales in December 2021 clocked 50,866 units, recording a 240 per cent YoY jump from the number recorded in December 2020.

The reimposition of restrictions due to the rise in Covid cases is expected to impact demand for automobiles, especially for passenger vehicles and two-wheeler, according to ratings agency Acuite.

Disruption in the global supply chain has opened up opportunities for large-scale manufacturing in India, aided by significant policy initiatives.