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Gadkari inaugurates Volvo CE's new products at EXCON 2023

The EC500 50-Ton Electric excavator showcases the futuristic all-electric road compactors, DD40 Electric and PT220 Electric developed in India, unveils the EC80 Electric and brings L120 Electric wheel loader in India for customer trials.Read more

Volvo to phase out diesel models by early 2024 in pursuit of electrification by 2030

Although a significant proportion of Volvo's European sales comprised diesel vehicles as recently as 2019, this figure dropped to a mere 8.9% of the company's sales in 2022.Read more

STMicroelectronics supplies SiC technology to BorgWarner for Volvo Cars EVs

BorgWarner will use the SiC dice in their traction inverter platforms for several current and future Volvo Car BEVs. ST to supply Silicon Carbide (SiC) power MOSFETs for BorgWarner’s Viper power module to support Volvo Cars’ journey towards being fully electric by 2030.Read more

ICEMA annual industry results for FY 2022-23 shows 26 per cent YoY growth

Indian Construction Equipment Manufacturers' Association (ICEMA) released its industry result for the FY 2022-23. The results shows construction equipment sales grew 26 per cent to cross 1 lakh mark with 28.5 per cent growth in domestic sales YoY, and 3 per cent growth in exports.Read more

Why India is the next big thing in manufacturing

With record exports last year and consistent high GDP growth, India has emerged as a leading investment option for international investors offering a big domestic market with potential to become a major global manufacturing hub. Clearly, India is a market to be in – currently and in the future, says Rakesh Rao.Read more

Indian construction equipment industry up 23% in Q3 FY23

Indian Construction Equipment Manufacturers’ Association (ICEMA), apex association for Construction Equipment (CE) manufacturers in India announced its Q3 FY23 results with shows sales grew by 23 percent YoY growth with 27,817 units of Construction Equipment being sold.Read more

Volvo and Eicher showcase future-ready mobility solutions at Auto Expo 2023

Aligned with its vision of smart sustainability, VE Commercial Vehicles (VECV) showcased its expanded EV and natural gas portfolio. Also on show are a range of alternative fuel prototypes, building on VECV’s leadership in driving modernisation in bus and truck transport in India and the developing world.Read more

Schaeffler India appoints Madhurisha V as CTO

Schaeffler India Ltd – one of the leading manufacturers of bearings for industrial and automotive applications – has appointed Madhurisha V as Chief Technology Officer (CTO). Read more

First green engine castings available globally by Volvo Group

India is a crucial supply for the global casting needs of Volvo Group, thus this is a significant step.Read more

India’s construction equipment industry witnesses 8% de-growth in FY22: ICEMA

While earthmoving equipment & road construction equipment experienced 14% & 10% decline respectively, other three segments (namely material handling, material processing and concrete equipment) registered positive growth during FY22.Read more

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