Tesla is planning to send a team from the United States to India by late-April to scout potential locations for a new electric car plant. According to the Financial Times, the proposed investment for this plant could be between $2 billion to $3 billion. This move comes at a time when the demand for electric vehicles is slowing down in[Read More…]
Even as transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) presents India with a host of opportunities in the international market. It also poses severe challenges, as 45-84 per cent of the ICE vehicle parts, primarily powertrain components, are likely to become obsolete due to the EV transition. Thus, impacting the auto components manufacturers and the workforce[Read More…]
Toyota apologize for any inconvenience caused by the delivery backlogs on models like the Innova Hycross MPV and Fortuner SUV from Toyota. It is indeed unfortunate that many customers are experiencing significant waiting times, which can be frustrating and disappointing. The company acknowledges this issue and has expressed their apologies to the affected customers. Toyota is actively working to address[Read More…]
Sona BLW Precision Forgings (Sona Comstar) has recently achieved a remarkable milestone by becoming the first automotive component manufacturer to receive certification under the Auto Production Linked Incentive (PLI) scheme. This is a significant accomplishment for the company and a testament to their dedication to automotive technology solutions. Sona Comstar filed seven applications for different products under the PLI scheme,[Read More…]
Introduction: The BMW Group and Tata Technologies, a global leader in product engineering and digital services, have recently announced a groundbreaking collaboration. This partnership aims to establish a joint venture (JV) focused on creating a software and IT development hub across key locations in India: Pune, Bangalore, and Chennai. The JV represents a strategic move by both companies to[Read More…]
Polymatech Electronics, India’s leading manufacturer of opto-semiconductor chips, has recently entered into a memorandum of understanding (MoU) with Orbray Co Ltd, a Japanese firm. This partnership marks a significant step towards Polymatech’s ambition to become a fully integrated semiconductor company. Under the terms of the agreement, Orbray will provide Sapphire Ingot growing technologies, with the installation slated for completion by[Read More…]
Servotech Power Systems Ltd., a leader in the development of EV chargers and solar solutions, and Electra EV, India’s leading Electric Vehicle Powertrain solutions company, have announced a collaboration for a jointly owned revolutionary EV charger technology, for which they filed for patents recently. These ground-breaking solutions enable fast DC charging of any GB/T Bharat DC 001 vehicle (which is on[Read More…]
Mahindra Aerostructures Pvt Ltd (MASPL) and Airbus Atlantic have signed a new contract for the manufacture and delivery of metallic components for all Airbus commercial aircraft models, including the best-selling A320 family. Under the contract, MASPL will supply close to 2300 varieties of metallic components to Airbus Atlantic in France from its manufacturing base in India. The contract adds to[Read More…]
Xiaomi’s EV buyers face 6-month-long waits for deliveries China’s Xiaomi (1810. HK), opens a new tab advising potential buyers of its SU7 electric sedan that they could face waits of four to seven months, in a sign of strong demand for its first-ever vehicle. The maker of smartphones and other consumer electronics began taking orders on Thursday and said pre-orders[Read More…]
Arnab Banerjee, Managing Director & CEO of CEAT Ltd has been elected as the new Chairman of Automotive Tyre Manufacturers’ Association (ATMA), the national industry body for the automotive tyre sector in India. Having joined CEAT in the year 2005 as Vice President-Sales and Marketing, Arnab Banerjee has shouldered several responsibilities and was the Chief Operating Officer at CEAT since[Read More…]
