Deepak Mathur, Sr. Vice President, Global Marketing and Sales at Jindal Aluminium Limited highlights the role of aluminium in EV manufacturing. As a metal, aluminium is not new to the auto industry. It’s over a century since the first sports car featuring an aluminium body premiered at the Berlin International Motor Show in 1899. It has proven itself to be[Read More…]
Press Release LANXESS completes acquisition of Emerald Kalama Chemical –Portfolio for industrial applications expanded Acquisition strengthens business in specialty chemicals for industrial applications Portfolio for the plastics, paint and varnish and adhesives industries significantly expanded Specialty chemicals company LANXESS completed the acquisition of Emerald Kalama Chemical on August 3. The U.S.-based company is a world-leading manufacturer of specialty chemicals. LANXESS[Read More…]
Press Release India’s first F1 driver will represent JK Tyre brand across platforms Indian tyre industry major & the market leader in the Truck Bus Radial segment, JK Tyre & Industries Ltd., has assigned Padma Shri Awardee and India’s first Formula One driver Narain Karthikeyan as its brand ambassador. He will be the face of the brand to exemplify the company’s quest of driving innovation[Read More…]
Hyundai Motor India New Corporate Headquarters developed as ‘Center for Transformation of a Better Tomorrow’ New Hyundai Motor India Corporate Headquarters in Gurugram has a total built-up area of over 28 000 square meters. HMIL Headquarters harmoniously coexist with the environment with a Unique 400 Square Meter Green Wall with Live Plants, 50 kW solar rooftop panels harnessing renewable energy,[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…]
In the June 04, 2021 announcement, Reserve Bank of India (RBI) Governor Shaktikanta Das urged the people at large to not be overwhelmed by the current situation but resolve to collectively overcome it. The Governor informed of the repo rate left unchanged at four per cent and the reverse repo rate fixed at 3.35 per cent. The RBI projection for[Read More…]
The ZF ProAI, a next-generation automotive-grade supercomputer is aimed at meeting the manufacturer needs for software-defined vehicles and their new E/E architectures. Team ACI looks at the new and exciting offering from the ZF Group. Software functions in vehicles are growing by the day. Add to it its combined strength with the intelligence of sensor information is known to give[Read More…]
Daimler Truck AG and global power leader and independent engine manufacturer Cummins Inc. (NYSE: CMI) announced that the companies have signed a memorandum of understanding establishing a global strategic partnership for medium duty engine systems. The companies added that other opportunities for collaboration are also being evaluated. As part of the planned strategic partnership, Cummins will invest in the further[Read More…]
After showing a one-time YoY growth in December, January registrations once again fell by -9.66%. All categories except Tractor were in red. On a YoY basis, 2W, 3W, CV and PV fell by -8.78%, -51.31%, -25% and -4.46%. Tractor continued its upbeat momentum with a YoY growth of 11.14%. Non-availability of vehicles due to scarcity of semiconductors, a fading pent-up demand[Read More…]
