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85% industry revenue comes from sale of components to domestic vehicle OEMs
In the domestic market, passenger vehicle (PV) OEMs contributed more than 46% to the component industry's revenue, followed by two-wheeler manufacturers at 19%, and Medium and Heavy Commercial Vehicle (M&HCV) at 7%.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
Panasonic introduces 6-in-1 inertial sensor to elevate automotive safety, performance
The sensors are compliant with the highest Automotive Safety Integrity Level (ASIL-D) defined in ISO26262 Function Safety Standard.Read more
ARAPL Announces India's First Robotic Car Parking System Using AGVs
These 3-axis automated solutions will be piloted in December 2023 and generate an expected Rs 40 crore in FY 2025 revenue for the new business line.Read more
Wipro Infrastructure Engineering Showcases Engineering Innovation at EXCON India 2023
Wipro Hydraulics have an array of cylinders catering to various applications, including its latest launch, a cloud-based offering for Tipper trucks, TipMatix.Read more
Cummins, Repos Energy launches DATUM - an innovative Fuel Management System
DATUM leverages sensors and digital technologies to provide real-time updates on fuel inventory and consumption across multiple installations. This has shown a direct reduction of up to 10% in fuel costs, coupled with a significant improvement in operational uptime.Read more
Mitsubishi Electric India unveils advanced Automation Systems factory in Talegaon
Mitsubishi Electric has established a cutting-edge solution experience zone within the facility. This zone showcases the latest innovations, featuring demonstrations of "e-F@ctory," a comprehensive solution leveraging digital technology.Read more
Tesla's Cybertruck launch sparks optimism for Indian auto component market
Although the US and Canada dominate 54% of the global pickup truck market, initial reports suggest that Tesla's new offering could secure nearly 7% market share in its first year.Read more
Škoda Auto Volkswagen India unveils plans for EV, Market Penetration expansion
Company anticipates to elevate the capacity utilisation of its Aurangabad and Chakan plants to over 90%, a substantial increase from the current 70-75%.Read more