The company will invest to further expand electrification portfolio through organic and inorganic growth. It has also announced commitment to achieve carbon neutrality by 2035.

This system based on 48V technology is an ideal solution to power the electrification needs of two (2W) and three wheelers (3W) that constitute the vast majority of motor vehicles in India.

Though India accounts for just 2 per cent of automotives globally, it is responsible for more than 11 per cent of road traffic deaths. In 2018 alone, around 149,000 people lost their lives on Indian roads.

The JV will add battery packs to its broad propulsion portfolio

Except for reiterating its commitment to push for electrification of vehicles, there was no major announcement for the automotive industry in interim budget.

Continental witnessed the groundbreaking of its greenfield plant in Talegaon, Pune, dedicated to its powertrain business. Around €30 million (Rs 240 crore) is planned to be invested in infrastructure and buildings until 2020.

At a time when pollution concerns are increasing, hybridisation and electrification will be trends that will grow with time. Even though there are hurdles such as high production costs, dependence on China for raw materials, lack of infrastructure, poor technical know-how in power electronics,etc.

The plant will produce various drivetrain products including engine management systems, sensors and actuators as well as fuel and exhaust management components

ADVIK Hi-Tech, the global auto component manufacturer, will expand its global production network by setting up its third plant in Pune. With this addition, the Advik Group now comprises of nine production facilities spread across India, Indonesia and Vietnam.