News May 05, 2022 Leading Chinese EV maker selects BorgWarner for sourcing eMotors BorgWarner’s high-voltage hairpin eMotors to be used in the Chinese brand’s second-generation 800V propulsion system platform
News Apr 30, 2022 Denso, USJC tie-up to manufacture semiconductors 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.
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 Apr 11, 2022 US-based Triton to set up commercial electrical vehicle unit in Gujarat Triton Electric Vehicle LLC has signed an agreement with the Gujarat government to set up a commercial electric vehicle manufacturing plant at Bhuj in the Kutch district with a total investment of Rs 108 billion.
News Feb 26, 2022 Electric bus manufacturing projects take off in Maharashtra 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.
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.