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Bharat FIH shuts R&D and supply chain subsidiary amid revenue decline

In 2021, Bharat FIH had established two subsidiaries—Bharat Taiwan Corporation and Rising Stars Hi-Tech—to enhance research, product development, and engineering capabilities. Read more

Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector

Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.Read more

Atul Greentech and Jio Platforms partner to drive innovation in EVs

This collaboration leverages Jio's advanced IoT mobility technology, integrating cutting-edge hardware, software, and connectivity to provide real-time telematics data and high reliability for users.Read more

Kinetic Green appoints Manav Mehra as senior executive VP of 2-wheeler SBU

His focus will be on expanding the dealer network, boosting market penetration, towards service and sales excellence, and strengthening brand presence across the country.Read more

New energy vehicles to gain acceptance by 2030: Survey

Additionally, buyers indicated a willingness to pay up to 49% more for an EV.Read more

Min of Heavy Industries organises event celebrating FAME’s success in India

The FAME Scheme was launched to give a major boost to the development and adoption of electric vehicles in the country.Read more

JBM Auto secures $100 million for electric bus expansion

JBM ECOLIFE Mobility plans to utilise the funds to introduce 650 additional electric buses in multiple states in a phased manner.Read more

Mercedes-Benz to manufacture EQS SUV 580 in India

The EQS SUV 580, which is not yet available in India, features a 122 kWh battery and an impressive range of 809 km on a single charge, with a projected price of Rs 14 million.Read more

Vedanta eyes global EV market with nickel production expansion

This initiative aligns with India's broader goal to reach $1 trillion in exports by 2030, up from $437 billion in the 2023/24 fiscal year.Read more

China orders automakers to avoid investing in India to safeguard EV technology

The directive comes amid strained relations between China and India, particularly following a deadly border clash in 2020.Read more

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