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Aptiv unveils cutting-edge Pune Tech Center to drive mobility innovation
The inauguration of the Aptiv Technical Center in Pune was marked by a gathering of Aptiv employees, global and regional leadership, celebrating the grand 66,572 square-foot facility situated in Rajiv Gandhi Infotech Park Phase-1, Hinjewadi-Pune.Read more
Toyota Kirloskar Motor advocates diverse green technologies to reduce fossil fuel dependence in India
TKM's goal is to provide a wider range of clean energy technology choices, encompassing hybrid, electric vehicles, fuel-cell electric, and flex-fuel vehicles, in line with the government's agenda to reduce fossil fuel dependency.Read more
ICRA Reports: Regulatory changes may raise commercial vehicle prices by 10-12%
ICRA emphasized that the commercial vehicle (CV) sector within the Indian automotive industry is of particular concern, as it contributes significantly to vehicular emissions in the country.Read more
Schaeffler India acquires fast-growing B2B e-commerce platform Koovers
Koovers is a brand of KRSV Innovative Auto Solutions Private Limited. Schaeffler has acquired 100 per cent of the company’s shares via a share purchase agreement.Read more
Govt extends Automotive PLI Scheme, aims for accelerated implementation
While delivering the keynote address at the review meeting, Mahendra Nath Pandey, Union Heavy Industries Minister urged the industry to provide feedback and engage in collaborative efforts to shape the policies, procedures, and overall effectiveness of the PLI scheme.Read more
Tata Power to work on 4.4 MW RE project with Anand Group
Within the framework of this agreement, TPREL will oversee the generation of a substantial 10 million units of clean energy using renewable sources. Read more
US allocates $15.5 bn to boost electric vehicle transition
The United States Department of Energy is allocating $15.5 billion to facilitate the shift towards electric vehicles (EVs).Read more
Stäubli opens $15 million facility in Bengaluru
Global industrial and mechatronic solution provider, Stäubli strengthens its presence in the country by setting up 25,000 sq ft office in Yelahanka, Bengaluru. The company conducted the ‘Stäubli Partnership Forum India’ event to showcase its innovative solution capabilities to the partners.Read more
Elgi Equipments announces PAT for first quarter, FY24 at Rs 60.5 crore
Consolidated sales for the first quarter was Rs 724 crore as against Rs 694 crore in the corresponding quarter in 2022-23.Read more
Automotive Component Industry achieves $70 bn turnover in FY23 with 33% growth
Automotive Component Manufacturers Association of India (ACMA) released the data revealing reveals that this achievement surpasses the previous record of Rs 4.2 lakh crore turnover in the fiscal year 2021-22.Read more