News Apr 30, 2022 India eyes Bangladesh as a major auto hub 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.
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 Feb 26, 2022 Adani, Ballard ink pact for JV for hydrogen fuel cells The Adani Group said that it has signed a non-binding Memorandum of Understanding with Nasdaq-listed Ballard Power Systems.
News Feb 23, 2022 Indian goods to get duty free access to UAE market post FTA Indian goods worth as much as $26 billion, which are currently taxed at 5% by the UAE, will be allowed at zero duty once the free trade agreement (FTA) with Abu Dhabi comes into force by May.
News Feb 01, 2022 Budget 2022 - Govt increases capex by 35% to Rs 7.50 trn in 2022-23 In defence sector, 68% of the capital procurement budget will be earmarked for domestic industry in 2022-23, up from 58% in 2021-22. Defence R&D will be opened up for industry, start-ups and academia with 25% of defence R&D budget earmarked.
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 28, 2022 Kinetic Green Energy and China’s AIMA Tech tie up to produce EVs Pune-headquartered Kinetic Green Energy & Power Solutions has teamed up with China-based electric vehicle giant Aima Technology Group to co-design and develop electric two-wheelers for India.
News Jan 28, 2022 Reliance eyes sodium ion battery market with Faradion buy Reliance New Energy Solar Ltd (RNESL), subsidiary of Reliance Industries Ltd (Reliance), has signed agreements to acquire 100% shareholding in Faradion Limited (Faradion) for a value of Pound 100 million.
News Jan 28, 2022 Renault, Nissan, Mitsubishi form joint venture for EVs French auto giant Renault and Japanese carmakers Nissan Motor and Mitsubishi Motors Corp are soon going to work together to develop electric vehicles.