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Tata Motors set to kick off EV production at Sanand Plant in April

Tata Passenger Electric Mobility, a subsidiary of Tata Motors, had acquired the Sanand facility from Ford India for Rs 725.7 crore in January of the previous year.Read more

Hyundai Motor India expands production capacity with Talegaon plant acquisition

The signing of a Memorandum of Understanding (MoU) between Hyundai Motor India and the Government of Maharashtra marks a significant step in expanding the cumulative production capacity to 1 million annual units.Read more

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

Tata Passenger Electric Mobility commences production at new facility in Gujarat

This event marks a significant milestone for the company and was celebrated with the roll-out of the first Tata branded car from this world class facility.Read more

Hyundai, IIT-M join forces for Rs 180 cr Hydrogen Valley Innovation Hub in Chennai

The memorandum of understanding, signed during the recent Global Investors Meet, involves Hyundai Motor India, IIT-Madras, and Guidance Tamil Nadu, the state government's investment promotion agency.Read more

Strong surge in Indian bus sales: Ashok Leyland, Tata Motors lead growth

From April to December 2023, Ashok Leyland reported a substantial 64% year-on-year surge in the sales of medium and heavy commercial vehicle buses, reaching a total of 11,216 units.Read more

Toshiba Transmission & Distribution receives Prestigious Star Performer Award from EEPC India

Toshiba Transmission & Distribution , a leader in India’s Transmission & Distribution equipment market, has been honoured with the Star Performer Award for the year 2019-20 by the Engineering Export Promotion Council of India.Read more

Honda explores $13.83 bn EV plant in Canada, eyes battery production

The Japanese automaker is exploring locations, including proximity to an existing automobile factory in Ontario.Read more

Ola Electric secures PLI certification, paving the way for subsidies, boosting EV affordability

This achievement marks Ola Electric as the first Indian electric two-wheeler (e2W) company to secure certification under the PLI scheme, with the ministry reportedly granting approval on December 27 after a four-month process.Read more

Global geared products market anticipates slowdown; India to prop up revenue

Interact Analysis forecasts a revenue decline of 1.9 per cent for the global geared motors and industrial gears market in 2024. It is expected that Indian and Southeast Asian markets will prop up revenue growth of geared products in APAC over the next couple of years. Read more

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