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General Motors lays off over 1,000 software and services employees globally
The reduction primarily targets teams which oversees vehicle infotainment, OnStar services, and GM's Super Cruise advanced driver-assist system. Read more
MCE component localisation levels to rise 70% in 5-7 years; ICRA
The Indian mining and construction equipment (MCE) industry is the third largest in the world in terms of volumes sold, however, it imports nearly 50% of its component requirement (by value) from suppliers based out of China, Japan, and South Korea, among others.Read more
India's automotive sector can help reach the $1 trillion export goal
As of FY 2023, India leads globally in manufacturing three-wheelers and tractors, ranks second in two-wheelers and buses, and third in passenger vehicles and heavy-duty trucks. Read more
SKH collaborates with Magna International for automotive innovations
This alliance is set to enhance product offerings, broaden market reach, and push technological boundaries in the automotive industry.Read more
Euler Motors unveils Rs 1 billion EV factory in Haryana; to supply 36,000 EVs
The plant features advanced automation technologies, including an EMS Hanger system for efficient vehicle handling, Trailing Arm Fitment Assist for improved assembly, and a vacuum-based brake oil filling machine to reduce spillage.Read more
DFI to present embedded solutions and AI technologies at Automation Expo 2024
DFI will also showcase its Single Board Computers (SBC) and Motherboards powered by Intel, AMD, and Qualcomm processors. Read more
Taiwan Excellence to showcase cutting-edge automation at Automation Expo 2024
As India strives to reduce its carbon footprint, Taiwan’s expertise in energy-efficient and eco-friendly automation solutions is poised to be a game-changer.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
L&T Semiconductor Technologies to secure 6 clients by September-end
The contracts are expected to total $150 million annually.Read more
Samvardhana Motherson reports Q1 results; rise in profit, loss in share price
Following the results, Samvardhana Motherson's shares fell by as much as 4.5%, closing 2.8% lower at Rs 182.9. Despite this decline, the stock has gained 70% in 2024.Read more