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Ukraine crisis may hamper global auto industry
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.

Omega Seiki Mobility, Jae Sung Tech form JV to make EV powertrains
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

Omicron may affect demand for vehicles in India: Acuite
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.

US auto component maker Dana sees opportunity in India’s EV space
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.

Germany’s LiteAuto to invest in Telangana
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.

India’s auto parts industry expects 22% growth in FY22
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.

New PLI scheme to change Indian automobile sector
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.

VE Commercial to expand electric vehicles production through PLI
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.

Indian govt approves PLI scheme for auto and drone industry
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

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