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Škoda Auto Indiaunveils new compact SUV- Kylaq
The all-new compact SUV is Škoda Auto India’s first ever foray into the compact SUV segment.Read more
Montra Electric delivers 5000 Super Autos within one year from launch
In just one year, Montra Electric has successfully established a strong foothold in the market, delivering 5000 Super Autos to customers across 74 markets spanning 17 states. Read more
India Inc. to invest $45-50 billion annually over next 1-2 years
Moody’s projects that rated Indian companies will invest approximately $45 billion to $50 billion annually in new capacity over the next one to two years.Read more
FANUC India expands in Tamil Nadu with new Technology Centre in Coimbatore
The new 15,000 square foot centre aims to better serve the region's industrial needs.Read more
German industrial orders fall sixth consecutive month amid weak foreign trade
The most affected sectors were mechanical engineering and the automotive industry, with orders down 0.9% and 0.7%, respectively, from May. Read more
General Motors lays off over 1,000 software and services employees globally
The reduction primarily targets teams which oversees vehicle infotainment, OnStar services, and GM's Super Cruise advanced driver-assist system. Read more
MCE component localisation levels to rise 70% in 5-7 years; ICRA
The Indian mining and construction equipment (MCE) industry is the third largest in the world in terms of volumes sold, however, it imports nearly 50% of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others.Read more
India's automotive sector can help reach the $1 trillion export goal
As of FY 2023, India leads globally in manufacturing three-wheelers and tractors, ranks second in two-wheelers and buses, and third in passenger vehicles and heavy-duty trucks. Read more
SKH collaborates with Magna International for automotive innovations
This alliance is set to enhance product offerings, broaden market reach, and push technological boundaries in the automotive industry.Read more
Euler Motors unveils Rs 1 billion EV factory in Haryana; to supply 36,000 EVs
The plant features advanced automation technologies, including an EMS Hanger system for efficient vehicle handling, Trailing Arm Fitment Assist for improved assembly, and a vacuum-based brake oil filling machine to reduce spillage.Read more