News Feb 26, 2022 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.
News Jan 13, 2022 Omega Seiki Mobility, Jae Sung Tech form JV to make EV powertrains The all-electric Ra314 powertrain will be the first product and will be used in OSM Rage+ in Q1 FY23
News Jan 07, 2022 Omicron may affect demand for vehicles in India: Acuite 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.
News Dec 21, 2021 US auto component maker Dana sees opportunity in India’s EV space American auto component maker Dana has said that India offers huge opportunities for the company in the EV space and it continues to invest in all its facilities depending upon the demand.
News Dec 09, 2021 Germany’s LiteAuto to invest in Telangana LiteAuto GmbH, a German company, will set up an advanced design and manufacturing facility in Telangana with an investment of Rs 1,500 crore.
News Nov 23, 2021 India’s auto parts industry expects 22% growth in FY22 The auto components industry is poised for a 10- 15 per cent growth in fiscal 2022, following a 3 per cent slide in FY21 during peak Covid pandemic, according to Sunjay Kapur.
News Sep 23, 2021 New PLI scheme to change Indian automobile sector Government’s productivity linked incentive (PLI) scheme for auto and component industry is set to change it in a big way through electric vehicles (EV), new technologies and new players in the market.
News Sep 23, 2021 VE Commercial to expand electric vehicles production through PLI VE Commercial Vehicles Ltd, a joint venture between Volvo Group and Eicher Motors, are keen to take advantage of the productivity linked incentive (PLI) through expansion plans for electric vehicles.
News Sep 16, 2021 Indian govt approves PLI scheme for auto and drone industry It is estimated that over a period of five years, the PLI Scheme for automobile and auto components industry will lead to fresh investment of over Rs 42,500 crore, incremental production of over Rs 2.3 lakh crore