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Tata Motors holds groundbreaking ceremony of new vehicle manufacturing facility

The greenfield plant will use 100% renewable power to produce next-gen vehicles for Indian and global markets and is expected to create over 5,000 employment opportunities with significant skill-building in the local community.Read more

JSW MG to shift focus to NEVs; to phase out conventional vehicles

JSW MG aims to introduce a new vehicle every four to six months and anticipates that over 50% of its sales will come from electric vehicles (EVs) in 2024.Read more

A motor that reduces dependence on Chinese raw materials

The ferrite magnets used in these motors are supplied by Mahindra group’s CIE Automotive.Read more

Euler Motors enters 4-wheeler SCV segment with over 1000 kg payload capacity

The SCV segment in India is expected to reach a market value of Rs 349 billion by FY2027, with internal combustion engine (ICE) vehicles currently leading the market.Read more

Danfoss stays the course in H1 2024; India remains the fastest-growing region

After three years of significant growth, the first half of 2024 has proven to be challenging for Danfoss due to lower demand in select key markets. Strong double-digit growth in H1 in India supported the Danfoss Group’s ambitious plans to double sales in the country by 2025.Read more

Tata Motors inks MoU with DE and Thunderplus to fit 250 fast-charging stations

E-commerce companies, parcel & courier service providers, among other industries, are increasing the adoption of commercial EVs for the last-mile deliveries to reduce their carbon footprint. 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

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

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

Bharat Forge Q1; Defence revenue up 147%, order book at Rs 54 billion

The profit was impacted by an exceptional loss of Rs 1.46 billion, including an impairment provision of Rs 1.45 billion related to its investment in Tork Motors Pvt. Ltd., where Bharat Forge holds a 64.29% stake.Read more

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