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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

Škoda Auto Indiaunveils new compact SUV- Kylaq

The all-new compact SUV is Škoda Auto India’s first ever foray into the compact SUV segment.Read more

India Inc. to invest $45-50 billion annually over next 1-2 years

Moody’s projects that rated Indian companies will invest approximately $45 billion to $50 billion annually in new capacity over the next one to two years.Read more

German industrial orders fall sixth consecutive month amid weak foreign trade

The most affected sectors were mechanical engineering and the automotive industry, with orders down 0.9% and 0.7%, respectively, from May. 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

India's automotive sector can help reach the $1 trillion export goal

As of FY 2023, India leads globally in manufacturing three-wheelers and tractors, ranks second in two-wheelers and buses, and third in passenger vehicles and heavy-duty trucks. Read more

SKH collaborates with Magna International for automotive innovations

This alliance is set to enhance product offerings, broaden market reach, and push technological boundaries in the automotive industry.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

SIAM hosts 10th automotive logistics conclave on enhancing automotive logistics

The conclave explored the most recent advancements and strategies that are expected to influence the future of the automotive logistics sector in India.Read more

Nitin Gadkari announces expansion in ethanol vehicle production

Toyota has recently committed to investing Rs 200 billion in a new plant in Aurangabad, Maharashtra, for manufacturing flex-fuel cars.Read more

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