The Executive Committee of the Society of Indian Automobile Manufacturers (SIAM), the apex body of the Indian automotive industry, today elected Vinod Aggarwal, MD & CEO, Volvo Eicher Commercial Vehicles Ltd (VECV) as its new President for 2022-23. Vinod Aggarwal, who was the Vice President of SIAM succeeds Kenichi Ayukawa, Executive Vice Chairman & Whole Time Director, Maruti Suzuki India[Read More…]
The increase in steel, aluminium, and nickel prices have hammered the Forging Industry in India High fuel prices are still impacting customers and affecting purchase decisions EVs could have disruptive implications on the forging and auto component industry The high raw material prices continue to be a challenge The Association of Indian Forging Industry (AIFI) has witnessed a challenging time[Read More…]
More than 30 per cent of the vehicles sold in India will run on electricity by 2030, shows a study by Arthur D. Little (ADL). The study, which focuses on India’s EV industry, estimates that the sector will cross-sell 10 million vehicles by 2030, with an overall adoption rate of more than 30% across various vehicle categories. However, EV adoption for[Read More…]
Prof. R. Krishna Kumar, Institute Professor-IIT Madras, appointed as Technology Advisor to CMD & MD, JK Tyre Prof. R. Krishna Kumar, Institute Professor, IIT Madras, has been appointed as Technology Advisor to Chairman & Managing Director, Dr Raghupati Singhania, and Anshuman Singhania, Managing Director, by JK Tyre & Industries Limited. Prof. Krishna Kumar, an expert in Vehicle Dynamics and Tyre[Read More…]
MG Motor India and PPG Asian Paints launch a technology that can enable CO2 reduction of 1500 tons/annum MG Motor India takes another step in the direction of long-term sustainability. The company just became the world’s first car brand to employ PPG Asian Paints’ ULTRAX Degreaser, a liquid alkaline degreasing cleaner. The advent of a degreasing pre-treatment chemical is in[Read More…]
Press Release Onboard video systems can increase vehicle and road safety Mumbai, February 2: Every year, a large number of traffic incidents and crashes occur worldwide. According to the World Health Organization (WHO), approximately 1.3 million people die each year as a result of road traffic crashes. There are many factors leading to this: road infrastructure, road users, vehicle speeds,[Read More…]
The automotive components industry has set expectations from the Union Budget 2022. Ashish Bhatia shares the industry’s wishlist from the annual spectacle. The Union Budget 2022 will be presented in the parliament on February 01, 2022, by Union Finance Minister (FM) Nirmala Sitharaman amidst the third wave of Covid-19 having a direct bearing on the fourth quarter of FY2022 (Q4FY2022).[Read More…]
Dr Shankar Venugopal, Vice President, Mahindra & Mahindra correlates the discovery of key input materials with the future of mobility. Sustainable mobility is a key growth enabler for fast-growing economies like India. The future of sustainable mobility is being shaped by a combination of technology and business model disruptions. The convergence of electric, connected, autonomous vehicle technologies and the shared[Read More…]
Michelin India announced with deep sorrow and profound grief the passing away of Mohan Kumar, Executive Vice President – Michelin India earlier in May 2021 due to Covid-19 related complications. Referring to him as a valued member, the company credited him for establishing the Michelin brand in the country. Calling it an untimely loss to Michelin India and the automotive[Read More…]
India’s overall exports (Merchandise and Services combined) in April-May2021 were valued at USD 98.29 billion. A growth of 56.94 per cent over the same period last year. Overall imports in April-May2021 are estimated to be USD 104.14 billion, a growth of 77.82 per cent over the same period last year. Exports in May 2021 were USD 32.27 billion, as compared[Read More…]
