News Apr 11, 2022 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.
News Feb 26, 2022 Cummins to acquire Meritor for $2.6 bn to raise EV parts production US truck engine maker Cummins Inc said that it will buy auto parts maker Meritor Inc for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings.
News Feb 23, 2022 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.
News Feb 04, 2022 Graphite may have big role in EV industry expansion The next commodity supercycle could start and end with Chinese graphite, the single most important battery material right now in terms of supply and demand.
News Feb 04, 2022 Budget Focuses on Creating Infra in Auto Sector for Rise in Jobs The domestic forging industry said the Union Budget 2022-23 is focusing on investing more in infrastructure and renewable energy, that will indirectly support employment generation.
News Feb 02, 2022 OLA to set up R&D facility for electric car in UK Indian tech company Ola has announced plans to invest Pound 100 million in the UK to open a research and development facility for a planned electric car, in a significant boost to the British automotive industry.
News Jan 28, 2022 Kinetic Green Energy and China’s AIMA Tech tie up to produce EVs Pune-headquartered Kinetic Green Energy & Power Solutions has teamed up with China-based electric vehicle giant Aima Technology Group to co-design and develop electric two-wheelers for India.
News Jan 28, 2022 Renault, Nissan, Mitsubishi form joint venture for EVs French auto giant Renault and Japanese carmakers Nissan Motor and Mitsubishi Motors Corp are soon going to work together to develop electric vehicles.
News Jan 24, 2022 Balu Forge buys precision machining unit of Mercedes Benz Truck Factory in Germany Balu Forge Industries Ltd (BFIL) has recently acquired the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim, Germany.