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Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth
This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more
Gujarat's auto sector accelerates, leading Charge in e-Mobility with global investments
Scheduled from January 10 to 12, 2024, in Gandhinagar, the 10th edition of the Vibrant Gujarat Global Summit serves as a biennial platform for businesses and governments to explore investment opportunities and foster partnerships.Read more
Indian govt considers exempting key EV components from localisation norms
However, this new consideration is met with opposition from local players such as Mahindra & Mahindra and Tata Motors, as well as foreign companies with decades-long operations in India.Read more
Mandal Becharaji SIR transforms into Auto Manufacturing Hub in Gujarat
Spanning 102 square kilometers, the region includes nine villages: Hansalpur, Sitapur, Ughroj, Ughrojpura, Bhagapura, Gitapur, Ukardi, Chandanaki, and Shihore.Read more
Indian Auto sees surge in apprentice recruitment with PLI expansion
The report, courtesy of TeamLease Degree Apprenticeship, anticipates a noteworthy increase of 70-80% in apprentice hiring.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
SIAM organises International Conference on Fuelling the Future towards Sustainability
Society of Indian Automobile Manufacturers (SIAM) hosted an international conference focused on "Fuelling the Future towards Sustainability: Observing World Biofuels Day 2023"Read more
Motherson & Marelli inaugurate the 1st Tool Room for automotive lighting in India
The 8700 sq m facility is located in Noida (Delhi NCR region) in close proximity to OEMs and other tooling locations of Motherson.Read more
Indian Automobile Industry valued at $108 bn in 2022-23: Primus Partners
The automobile industry produced value of Rs 8.7 lakh crore in 2022-23 and India produced 2.7 crore vehicles and is 3rd in passenger vehicles and 1st in 2 wheelers globally. Read more
Modern Automotive provides special steel engineering solutions to OEMs
Modern Automotives since its inception in 2005 has gradually seen a growth process with its added solutions in the global market. In the growing electric vehicle market, the company recently set its name to export Differential Pinion Shafts to BMW. Aditya Goyal, Managing Director, Modern Automotives Limited, in this interview shares that the company aims to increase export operations to 25 per cent by 2025Read more