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Ola Electric secures PLI certification, paving the way for subsidies, boosting EV affordability
This achievement marks Ola Electric as the first Indian electric two-wheeler (e2W) company to secure certification under the PLI scheme, with the ministry reportedly granting approval on December 27 after a four-month process.Read more
Global geared products market anticipates slowdown; India to prop up revenue
Interact Analysis forecasts a revenue decline of 1.9 per cent for the global geared motors and industrial gears market in 2024. It is expected that Indian and Southeast Asian markets will prop up revenue growth of geared products in APAC over the next couple of years. Read more
Tata Motors supplies 100 Starbus EVs for Bengaluru’s urban commuting
Bengaluru Metropolitan Transport Corporation (BMTC) inducts Tata Motors’ electric buses for comfortable, emission-free mass mobility.Read more
Tata Motors forecasts 30-40% growth in Indian EV Sales for 2024, unveils 3 New Models
Tata Motors is actively collaborating with CPOs to strategically place charging points along popular routes used by EV users.Read more
Delta Electronics showcases cutting-edge industrial automation solutions at ENGIMACH 2023
The event witnessed the unveiling of a spectrum of ground-breaking products, reinforcing Delta's position as an industry trailblazer.Read more
Ford's U-Turn: Retains Tamil Nadu plant amidst JSW Deal
This decision comes after finalising a deal with the JSW Group led by Sajjan Jindal, sparking speculation that Ford may be contemplating a re-entry into the world's third-largest auto market.Read more
Govt set to roll out auto incentives in next FY, posing challenges for electric vehicle leaders
Despite initial skepticism from automakers about meeting the incentive claim process within the current year, the scheme, first notified in 2021, is expected to bring certainty to its 67 autoparts-making applicants.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
Dana unveils cutting-edge drivetrain solutions at EXCON 2023
The trade fair, focusing on electrification in the construction industry, provided a platform for Dana to unveil customised solutions supporting both conventional and electrified power sources.Read more
BCIC advocates manufacturing growth for India's export ambitions
Bangalore Chamber of Industry and Commerce (BCIC) asserted that India's manufacturing sector must increase its contribution to the country's GDP from 16.5% to 20% to achieve the ambitious export target of $8.3 trillion by 2047.Read more
