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.
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 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 India’s auto component industries may grow by 15-17%: Brikwork Ratings The domestic auto components industry may see a revenue growth of 15-17 % this fiscal and 10-12% in the next financial year on the back of recovery in automobile sales, according to a report.
News Jan 24, 2022 Motor vehicle parts manufacturers adopt AI for efficiency: TRBC Report The use of artificial intelligence (AI) in the manufacture of motor vehicle parts for all types of automotive vehicle is a major trend.
News Jan 19, 2022 Honda to start EV battery swapping for 3-wheelers in Bengaluru Japanese auto major Honda Motor will start offering battery-swapping service to electric three-wheelers in Bengaluru by the end of June.
News Jan 19, 2022 Auto component maker ZF launches CV solutions German auto component company ZF announced the start of its new commercial vehicle (CV) solutions division.
News Jan 14, 2022 Tesla’s arrival in India may take time: Elon Musk Getting a foothold in India for his Tesla is not going to be easy for Elon Musk. He stated that, he is still working through a lot of challenges with the government, in a Twitter post.