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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
Škoda Auto Volkswagen India unveils plans for EV, Market Penetration expansion
Company anticipates to elevate the capacity utilisation of its Aurangabad and Chakan plants to over 90%, a substantial increase from the current 70-75%.Read more
Škoda Auto Volkswagen India Inaugurates Parts Expedition Centre in Pune
Parts Expedition Centre (PEC) will boost exports from VW Group India, beginning with Vietnam in 2024.Read more
M&M accelerates global expansion with new vehicles, electric portfolio
M&M's focus lies on the international market, where it intends to introduce its latest products like the XUV700 and Scorpio-N, alongside a new range of electric vehicles.Read more
Mahindra & Volkswagen comes together for EV Components
In addition to these initiatives, Mahindra is targeting an annual production of 200,000 electric vehicles at its Chakan plant in Maharashtra from 2027 to 2029.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
Continental to build high-performing vehicle architecture with Infineon Technologies
In collaboration, semiconductor manufacturer, Infineon Technologies and Continental will develop an innovative modular platform for electrical/electronic architecture. Infineon's high-end AURIX TC4 microcontroller will be used for Zone control units (ZCU) by Continental, to serve as an interface between high-performance computers and sensors/actuators for complex software infrastructure.Read more
Guinness World Records created by piloting Volkswagen ID.4 EV across the US
HARTING supported the successful e-mobility road tripRead more
Budget 2021's focus on economic revival to increase demand for automobiles
While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.Read more
