Leading auto component supplier Denso announced its collaboration with United Semiconductor Japan Co. (USJC), a subsidiary of global semiconductor foundry United Microelectronics Corporation, for the production of power semiconductors.

As Sri Lanka is engulfed by its economic crisis, the new destination for Indian auto companies seems to be Bangladesh which is on the brink of a major economic boom, spurring auto majors to look eastwards.

French auto giant Renault and Japanese carmakers Nissan Motor and Mitsubishi Motors Corp are soon going to work together to develop electric vehicles.

Japanese auto major Honda Motor will start offering battery-swapping service to electric three-wheelers in Bengaluru by the end of June.

The machine tool industry has a historic chance of growth due to the shift to electric vehicles and demand for localised manufacturing, as per the head of the biggest Taiwanese machine tool company.

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.

India’s passenger vehicle industry is set to lose 500,000-600,000 units in production and more than $5 billion in revenue this fiscal year due to the global shortage of semiconductors, say industry executives.

Auto industry executives expect electric vehicles will make up just over half of new vehicle sales in the United States and China by 2030 and could do so without receiving government subsidies.

Nissan Motor Co Ltd announced its plans to accelerate the electrification of its vehicle line up and rate of technology innovation with investments of $ 17.6 billion over the next five years.