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Hyundai Motor signs term sheet for potential acquisition with General Motors
Hyundai Motor India Limited (HMIL) today signed a term sheet with General Motors India (GMI). Proposed acquisition covers identified assets at GMI, Talegaon Plant, Maharashtra. Read more
Tata Motors launches its registered vehicle scrapping facility, Re.Wi.Re
Union Minister Nitin Gadkari inaugurated the registered vehicle scrapping facility (RVSF) Re.Wi.Re – Recycle with Respect, by Tata Motors in Jaipur Rajasthan. The world-class facility has a capacity of 15,000 vehicles per year and follows eco-friendly processes for the safe and sustainable dismantling of end-of-life vehicles.Read more
FLASH partners with Slovenia-based GEM motors strengthening global EV prowess
FLASH has collaborated with GEM motors, one of the leading European innovative companies specialised in developing high-tech electric motors for electric vehicles, to strengthen its electric vehicle (EV) competencies and portfolio.Read more
Astro Motors makes world’s first manual electric three-wheeler
Astro Motors, an emerging electric vehicle (EV) company, has successfully designed and manufactured the world’s first manual electric three-wheeler vehicle and bagged a purchase order to deliver 1000 units of its model, the Astro Triyaan NAVYA. Read more
Global low voltage AC drive market reach $14.2 bn: Interact Analysis
Supply chain problems, semiconductor shortages and the war in Ukraine continue to affect global markets, says Interact Analysis report, which expects price rise to continue into 2023.Read more
Electrification is gaining momentum in the auto industry
Keeping together traditional technology with the evolving ones, SEG Automotive, a global supplier of powertrain components, has kept market intact. It is involved in innovating components reducing less CO2 emissions. Anil Kumar M R, President and Managing Director, SEG Automotive India shares more about SEG Auto and its development in this interview. Read more
Brakes India unveils a self designed motor on drum brakes at Auto Expo 2023
The TSF Group company showcased high-end braking systems completely designed, developed & manufactured in the country. Alongside the motor on drum brakes, the new air braking product line, aftermarket, iron castings & polymer products were also witnessedRead more
Boom Motors is now Bharat New-Energy Company
BNC also re-introduced its electric crossover bike named as BNC Challenger S110 - the country’s strongest electric bikeRead more
GEF Capital invests in auto component maker Hero Motors
With a total investment of Rs 1,500 crore over the course of the coming three years, Hero Motors Ltd aims to transform itself into a global EV solutions company from India. The funds will be utilised to augment its growth and expansion, with a significant focus on serving top global OEMs in the EV sector.Read more
ANCA to focus on high-end CNC machines
ANCA will showcase a range of technologically innovative manufacturing and engineering products and applications at IMTEX 2023.Read more