The new production site is the first totally carbon-neutral plant of Iveco Group (which owns FPT Industrial), achieving its targets by offsetting its CO2 emissions with the purchase of energy from renewable sources and carbon credits.

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.

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

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.

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.

LiteAuto GmbH, a German company, will set up an advanced design and manufacturing facility in Telangana with an investment of Rs 1,500 crore.

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.

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.

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.