News Apr 11, 2022 Vehicle prices to go up due to high input costs Small cars, sports utility vehicles, sedans, and two-wheelers are set to get costlier with automakers raising prices to partially absorb the impact of high material costs.
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 26, 2022 Motherson, Valeo tie up to produce auto interior lighting Samvardhana Motherson Automotive Systems Group BV (SMRP BV) and Valeo have signed a Memorandum of Understanding (MoU) to create the vehicle interiors through integration of lighting systems
News Feb 02, 2022 Stellantis to acquire majority stake in JV with GAC, China Stellantis N.V. has announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%.
News Feb 02, 2022 US auto industry may face huge loss if interest rate increases If the Federal Reserve decides to increase interest rates, as it suggested it would soon this week, experts say the US automotive industry could lose $22 billion in sales.
News Jan 19, 2022 ICRA comes out with revised downward growth forecast for auto industry Rating agency Icra revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 percent.
News Jan 14, 2022 SKF extends support to automakers to increase EV production The revolution of the North American automotive industry is in progress with the growing demand for battery electric vehicles (BEVs), and SKF is well-positioned to support the industry's growth goals.
News Jan 14, 2022 SKF extends support to automakers to increase EV production The revolution of the North American automotive industry is in progress with the growing demand for battery electric vehicles (BEVs), and SKF is well-positioned to support the industry's growth goals.