The Assam government has signed a significant agreement with the Tata Group to lease over 170 acres of land in Jagiroad, Morigaon district, for a Rs 27,000-crore semiconductor plant. This landmark deal is expected to bring substantial industrial development and employment opportunities to the region. The 60-year lease agreement was finalised at the sub-registrar’s office, with Tata Group Board member[Read More…]
Apollo Tyres Ltd has once again secured a Silver Award in the EcoVadis Sustainability Excellence ratings. This marks the third consecutive year that Apollo Tyres has achieved this recognition, with its score improving from 56 to 70 over the last three years. This esteemed award places Apollo Tyres Ltd in the top 5% of companies globally in the category of[Read More…]
ACMA, the apex body representing India’s auto component sector, has recently submitted its recommendations for the forthcoming Union Budget 2024-25 to the Ministry of Finance as well as to the Ministry of Heavy Industries, the nodal ministry for the automotive industry. In its recommendations to the government, ACMA has proposed several key measures to further bolster the sector. These include[Read More…]
Vedanta Aluminium, India’s largest producer of aluminium, has expanded its fleet of electric lithium-ion forklifts to 66 units, strengthening its position as the largest deployer of electric lithium-ion forklifts in India. The company has successfully deployed an additional 22 electric forklifts at its smelter operations in Jharsuguda, Odisha, reinforcing its commitment to sustainable operations. This expansion bolsters the decarbonisation journey[Read More…]
Continental Tires, tyre manufacturer, has launched its flagship Continental Premium Drive (CPD) dealership in Kalyan Nagar, Bengaluru. This new store tyre solutions to automotive enthusiasts in the region. The new store in Kalyan Nagar represents Continental’s continued retail expansion in India. Spanning an impressive 4,000 square feet, this state-of-the-art facility aims to redefine the automotive retail experience with a comprehensive[Read More…]
BYD India, a subsidiary of the New Energy Vehicles (NEV) manufacturer BYD, sees Rajeev Chauhan take on the role of Vice President of the Electric Passenger Vehicle Business at BYD India. He takes over from Sanjay Gopalakrishnan as he retires after over three decades in the Indian Automotive Industry with his last stint that saw him set up the EV[Read More…]
Marelli, a leading global mobility technology supplier, announced that Kelei Shen will assume the role of Executive Vice President and President of China effective July 1, 2024. He will lead Marelli’s ambitious growth plans for China. Kelei Shen will drive Marelli’s business in the world’s largest and most dynamic automotive market, which offers great opportunities. In his new role, he[Read More…]
CEAT has announced the promotion of Vishal Pawar to Senior Vice President of Global Sales and Supply Chain. This change marks a new phase in CEAT’s growth. Vishal Pawar, previously the Vice President of Replacement Sales, will replace Saurav Mukherjee, who has resigned after over four successful years in the role. Mukherjee’s efforts have been crucial in developing CEAT’s global[Read More…]
Greaves Engineering, the engineering division of Greaves Cotton Limited , has unveiled its new range of CPCB IV+ Compliant Gensets. This launch aligns with the latest Central Pollution Control Board standards, addressing the growing demand for sustainable and reliable power solutions in India. Greaves Engineering’s new gensets, ranging from 5 kVA to 500 kVA in the <800kW segment, significantly reduce[Read More…]
Flagships product, DSim, is the first-of-its-kind EDA simulation as a service solution Altair (Nasdaq: ALTR), a computational intelligence company, has entered into a definitive agreement to acquire Metrics Design Automation Inc. (Metrics), a Canadian company with a pioneering simulation as a service (SaaS) business model for semiconductor electronic functional simulation and design verification. The transaction is subject to customary conditions.[Read More…]
