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Škoda Auto Indiaunveils new compact SUV- Kylaq
The all-new compact SUV is Škoda Auto India’s first ever foray into the compact SUV segment.Read more
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
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
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
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
TVS Motor to invest Rs 22 billion in FY2; 50% to capex
TVS Motor's recent acquisition, Norton Motorcycles, will see the launch of six new products over the next three years. Read more
FDI in manufacturing reaches $165 billion; 69% growth over last decade
This sector surge is largely driven by production-linked incentive (PLI) schemes.Read more
Sluggish growth in automation market; machine-integrated robots gain momentum
Partnerships are increasingly being announced between robot vendors and automation providers to develop new products and solutions.Read more
SIAM hosts 10th automotive logistics conclave on enhancing automotive logistics
The conclave explored the most recent advancements and strategies that are expected to influence the future of the automotive logistics sector in India.Read more