News Updates

Tube Investments of India (TII), part of the Murugappa group, announced its plans to form a subsidiary to carry on the proposed electric three-wheeler venture and other EV-related projects.

Balu Forge Industries Ltd (BFIL) has recently acquired the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim, Germany.

The use of artificial intelligence (AI) in the manufacture of motor vehicle parts for all types of automotive vehicle is a major trend.

German auto component company ZF announced the start of its new commercial vehicle (CV) solutions division.

Rating agency Icra revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 percent.

Japanese auto major Honda Motor will start offering battery-swapping service to electric three-wheelers in Bengaluru by the end of June.

Getting a foothold in India for his Tesla is not going to be easy for Elon Musk. He stated that, he is still working through a lot of challenges with the government, in a Twitter post.

A moderate rate of 18 per cent will not only address this challenge but will also enhance the tax base through better compliance, says Sunjay Kapur, President, Automotive Component Manufacturers Association (ACMA).

The revolution of the North American automotive industry is in progress with the growing demand for battery electric vehicles (BEVs), and SKF is well-positioned to support the industry's growth goals.