Easily recognisable Detectable Jacket is up to twice more visible for vehicle sensors than conventional high-visibility vests. The glass microbead technology also amplifies nighttime visibility by up to 300 metres; a six- fold increase over standard white outerwear.

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.

Omega Seiki Mobility (OSM) and Log9 Materials have formed a strategic partnership to deploy 10,000 3-Wheeler Rage+ Rapid EV’s in Tier II and III markets of India by FY24.

SEMIKRON and Danfoss Silicon Power announced a merger to create a joint business specialised in power electronics focusing on power semiconductor modules.

The auto component maker Bharat Forge Limited along with its subsidiary, BF Industrial Solutions Limited announced 100% acquisition of Coimbatore-based JS Autocast Foundry India Private Limited.

After two-, three- and four-wheelers, electrification of the mass transit segment is now taking off. Work on two projects, of nearly Rs 50 billion in greenfield electric bus-manufacturing projects, has started in Pune.

TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, announced that its two-wheeler exports clocked 1 million units in FY21-22.

The Adani Group said that it has signed a non-binding Memorandum of Understanding with Nasdaq-listed Ballard Power Systems.

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.