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Slowing demand to curb auto component revenue growth to 6-8%
Exports are vital, currently constituting 15% of total revenue, down from about 17% in fiscal 2022. Although export growth is slowing, India's increasing share of high-margin, critical components— accounting for around 60% of export revenue in fiscal 2024 — will support profitability. Read more
Riding the Trump triumph wave!
Riding the Trump triumph wave!Read more
Wardwizard and Ampvolts to develop EV charging Infrastructure globally
Ampvolts will also extend its Battery as a Service (BaaS) offerings to Wardwizard’s B2B clients, delivering innovative and comprehensive solutions to enhance business operations.Read more
Gulf Oil and Piaggio India renew lubricant partnership for commercial vehicles
The partnership will cover the full spectrum of lubricants, including advanced BS VI oils and new EV fluids, developed to meet the evolving needs of Piaggio India’s growing customer base.Read more
India’s EV charging infra demands for over $30 billion: IESA
The summit also received a demand from industry experts to accelerate EV adoption by increasing public and private sector funding in India’s rapidly growing fast charging ecosystem.Read more
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
PG Electroplast enters electric vehicle manufacturing for Spiro Mobility
Spiro Mobility, which recently opened a Global Technology Office in Pune, India, is planning to develop green mobility solutions for the Indian market.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
Six industries drive over half of India’s formal manufacturing GVA: NSO
In FY23, industries such as basic metals, chemical products, refined petroleum, motor vehicles, pharmaceuticals, and food products collectively contributed 52.6% to the manufacturing GVA.Read more
Indian drone industry is witnessing rapid expansion: Rama Krishna
In this exclusive interview with Rakesh Rao, Rama Krishna, Co-founder & CEO, EndureAir Systems, elaborates on the evolution of drone technology in India and their utilities in modern-day warfare and other applicationsRead more