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Search Keyword: growth

India eyes Bangladesh as a major auto hub
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.

SEMIKRON, Danfoss tie up to develop power electronics
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.

Adani, Ballard ink pact for JV for hydrogen fuel cells
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.

Indian goods to get duty free access to UAE market post FTA
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.

Budget 2022 - Govt increases capex by 35% to Rs 7.50 trn in 2022-23
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.

India’s auto component industries may grow by 15-17%: Brikwork Ratings
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.

Kinetic Green Energy and China’s AIMA Tech tie up to produce EVs
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.

Reliance eyes sodium ion battery market with Faradion buy
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.

Renault, Nissan, Mitsubishi form joint venture for EVs
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.

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