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.

The Tata Groups' plans to set up a USD 300-million semiconductor manufacturing unit on a wartime basis may face headwinds, for the absence of raw materials and its scarce availability outside.

Union Road Transport Minister Nitin Gadkari on Tuesday said that the Centre's mission is to increase the turnover of the automobile industry to Rs 15 trillion within the next five years.

From ageing electric batteries to old engines to rear-view mirrors, the auto industry is revving up its recycling efforts as it faces pressure to reduce its colossal carbon footprint.

Major carmakers like Volkswagen, Daimler and Stellantis have been racing to secure battery cell supplies in Europe, but may face a bigger challenge finding enough battery raw materials as they plan to manufacture electric vehicles.

German chemicals giant BASF said its burgeoning auto battery recycling activities will see further investments to bolster a scarce stream of supplies of metal ingredients for its battery chemicals business.

Redwood is a battery recycling startup that is looking for a new location so that it can build its North American battery materials manufacturing facility

According to a regulatory filing, Maruti Suzuki India Limited (MSIL) has experienced a price hike of 1.9% on its entire product line which includes Swift, Baleno, Ciaz, S-Cross, Alto 800, and S-Presso.

LANXESS is expanding its production capacity for light-colour sulfur carriers at its Mannheim site by several kilo tons.