Electric bus manufacturing projects take off in Maharashtra After two-, three- and four-wheelers, electrification of the mass transit segment is now taking off. Work on two projects, of nearly Rs 50 billion in greenfield electric bus-manufacturing projects, has started in Pune.

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Tesla should buy $ 500 mn Indian auto parts for tax cut Tesla CEO Elon Musk has previously urged the Government of India to bring the taxes down. The Government is now asking Tesla to source auto components worth at least $500 million from India.

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Motherson, Valeo tie up to produce auto interior lighting Samvardhana Motherson Automotive Systems Group BV (SMRP BV) and Valeo have signed a Memorandum of Understanding (MoU) to create the vehicle interiors through integration of lighting systems

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SEMIKRON, Danfoss tie up to develop power electronics SEMIKRON and Danfoss Silicon Power announced a merger to create a joint business specialised in power electronics focusing on power semiconductor modules.

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Ukraine crisis may hamper global auto industry Russian troops are on the move, pushing into two regions of separatist-controlled Ukraine and threatening to invade the rest of the country. But there could be some serious collateral damage to the U.S. and its allies.