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Gabriel India expanding with eighth plant to meet growing demand
Gabriel India, the flagship company of the versatile Anand Group, is actively considering a greenfield expansion for its passenger vehicle and two-wheeler suspension components.Read more
Exide secures Rs 2000 Cr credit for Lithium-Ion Cell Project
Exide Energy Private Limited currently boasts a state-of-the-art 1.5 GW fully automated lithium-ion battery packs and modules manufacturing facility in Prantij, Gujarat.Read more
Aptiv unveils cutting-edge Pune Tech Center to drive mobility innovation
The inauguration of the Aptiv Technical Center in Pune was marked by a gathering of Aptiv employees, global and regional leadership, celebrating the grand 66,572 square-foot facility situated in Rajiv Gandhi Infotech Park Phase-1, Hinjewadi-Pune.Read more
August sets new record for domestic passenger vehicle sales in India
Utility vehicles like Brezza, Grand Vitara, Jimny, Ertiga, and XL6 experienced a substantial two-fold increase with sales surging from 26,932 units in August of the previous year to 58,746 units.Read more
Toyota Kirloskar Motor advocates diverse green technologies to reduce fossil fuel dependence in India
TKM's goal is to provide a wider range of clean energy technology choices, encompassing hybrid, electric vehicles, fuel-cell electric, and flex-fuel vehicles, in line with the government's agenda to reduce fossil fuel dependency.Read more
Rockwell Automation acquires autonomous robotics firm Clearpath Robotics
The acquisition of Clearpath will accelerate Rockwell’s end-to-end autonomous production logistics solutions, providing safer, more efficient manufacturing environments for customersRead more
ICRA Reports: Regulatory changes may raise commercial vehicle prices by 10-12%
ICRA emphasized that the commercial vehicle (CV) sector within the Indian automotive industry is of particular concern, as it contributes significantly to vehicular emissions in the country.Read more
Schaeffler India acquires fast-growing B2B e-commerce platform Koovers
Koovers is a brand of KRSV Innovative Auto Solutions Private Limited. Schaeffler has acquired 100 per cent of the company’s shares via a share purchase agreement.Read more
Govt extends Automotive PLI Scheme, aims for accelerated implementation
While delivering the keynote address at the review meeting, Mahendra Nath Pandey, Union Heavy Industries Minister urged the industry to provide feedback and engage in collaborative efforts to shape the policies, procedures, and overall effectiveness of the PLI scheme.Read more
Modulus Alternatives commits Rs 1.5 bn to Shivam Autotech in debut private credit fund investment
The investment is set to originate from the resources under the management of Modulus Alternatives, which includes their second fund, the India Credit Opportunities Fund II.Read more