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Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth
This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more
Cyclone Michaung paralyzes Chennai: Major industries. IT hubs grapple with floods
The production at six prominent auto component units, including Lucas TVS, Wheels India, Sundram Fasteners, Sundaram Clayton, and Brakes India, faced disruptions for the third consecutive day.Read more
Nissan expands ProPILOT technology to additional models
Nissan’s innovative ProPILOT semi-autonomous driving system has been a hit with customers, with more than 120,000 vehicles featuring the technology sold globally.Read more
Renault-Nissan-Mitsubishi to invest up to $1 billion for automotive innovation
Renault-Nissan-Mitsubishi, the world's leading automotive alliance, today announced the launch of Alliance Ventures, a new corporate venture capital fund that plans to invest up to $1 billion to support open innovation over the next five years.Read more