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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
India pushes for strict rules of origin in UK trade pact for auto sector
The Rules of Origin dictate the minimum processing required in the FTA country—in this case, the UK—for a product to be considered as originating from that country.Read more
CSI launches India operations to decarbonize India's auto sector by 2070
The report highlights that OEMs will need to invest approximately $ 323 billion to develop electric vehicles (EVs) alongside existing technologies.Read more
Coolants will keep the game going for us with growing EVs in auto sector
Incorporated in the year 1987, Fleetguard Filters Private Limited is a leading manufacturer and supplier of filtration products comprising of air, lube, fuel, hydraulic and water filtration to coolants and chemicals. In this interview with Ayushi Khandelwal, Niranjan Kirloskar, Managing Director of Fleetguard Filters tells how company has achieves a well-established supply chain system while maintaining the quality of its filters throughout the years.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 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
Four auto sector trends to look at in the next five years
India is expected to be the world's third-largest automotive market in terms of volume by 2026 and is currently valued at $118 bn. Despite the ongoing pandemic, the Indian auto industry has shown immense resilience and is facing the challenges posed by the pandemic head-on. The government is also taking adequate initiatives to boost the auto industry by offering product-linked incentives, scrappage policy etc. Manav Kapur, Executive Director, Steelbird International, delves into the automotive sRead more
Practical tips to minimise COVID 19 impact on auto sector
COVID 19 pandemic has severely affected automotive businesses globally. Sharadhi Babu, CEO, AXISCADES, suggests some practical measures to mitigate the impact COVID impact.Read more
Atmanirbhar Bharat package lacks immediate stimulus for auto sector: SIAM
Reduction in the GST rates from 28 to 18 per cent for a limited period and an incentive-based vehicle scrappage policy would have made a less painful revival.Read more
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Precision Technologies eyes auto sector for growth in India
The company will showcase its friction stir welding (FSW) capabilities for the benefit of delegates at IMTEX 2019, the mega expo for machine tools industry in IndiaRead more