Cars24, a leading e-commerce platform for pre-owned vehicles, said that it has launched its second largest Mega Refurbishment Lab in Bengaluru.

Kumar Rakesh, senior automobile and technology analyst at BNP Paribas India, said that, raw material prices are stabilizing and price hikes would positively impact the margins of automakers.

Daimler Greater China Ltd. and BYD Auto Industry Co. Ltd. signed an equity transfer agreement in December to realign the structural setup of their joint venture.

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced a growth of 65 per cent over the first half of the previous year.

India’s auto industry is going through a churn and has seen several top-level exits. Automakers have announced departures from their top-level management or a change in their global leadership teams.

Powering its 250cc (& above) category two-wheelers, the dedicated engine line at Vithalapur (Ahmedabad district), Gujarat, is set to serve the global markets like Thailand, US, Canada, Europe, Japan, Australia, and Gulf nations among others.

Carmaker Stellantis announced a strategy to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will bring in $22.6 billion in annual revenue by 2030.

Dr Mahendra Nath Pandey, Union Heavy Industries Minister, mentioned that India’s transition to Electric Mobility System can save Rs 20 trillion by 2030 on avoided oil imports alone.

Manav Kapur, Executive Director, Steelbird International, shares four critical business abilities that automotive enterprises should acknowledge and execute to manage supply chain issues in future.