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Industry leaders react positively to the interim budget 2024-25

The Interim Budget also contained a number of announcements and strategies indicating directions and development approach for making India Viksit Bharat by 2047. Here are the reactions from the industry leaders on the interim budget 2024-25.Read more

Strong surge in Indian bus sales: Ashok Leyland, Tata Motors lead growth

From April to December 2023, Ashok Leyland reported a substantial 64% year-on-year surge in the sales of medium and heavy commercial vehicle buses, reaching a total of 11,216 units.Read more

ABB to provide smart robotic automation solutions to Volvo Cars

ABB’s new family of energy efficient large robots and OmniCoreTM controllers will help Volvo Cars deliver energy savings of up to 20% and achieve its ambitious sustainability targets.Read more

Gadkari inaugurates Volvo CE's new products at EXCON 2023

The EC500 50-Ton Electric excavator showcases the futuristic all-electric road compactors, DD40 Electric and PT220 Electric developed in India, unveils the EC80 Electric and brings L120 Electric wheel loader in India for customer trials.Read more

Volvo to phase out diesel models by early 2024 in pursuit of electrification by 2030

Although a significant proportion of Volvo's European sales comprised diesel vehicles as recently as 2019, this figure dropped to a mere 8.9% of the company's sales in 2022.Read more

STMicroelectronics supplies SiC technology to BorgWarner for Volvo Cars EVs

BorgWarner will use the SiC dice in their traction inverter platforms for several current and future Volvo Car BEVs. ST to supply Silicon Carbide (SiC) power MOSFETs for BorgWarner’s Viper power module to support Volvo Cars’ journey towards being fully electric by 2030.Read more

ICEMA annual industry results for FY 2022-23 shows 26 per cent YoY growth

Indian Construction Equipment Manufacturers' Association (ICEMA) released its industry result for the FY 2022-23. The results shows construction equipment sales grew 26 per cent to cross 1 lakh mark with 28.5 per cent growth in domestic sales YoY, and 3 per cent growth in exports.Read more

Why India is the next big thing in manufacturing

With record exports last year and consistent high GDP growth, India has emerged as a leading investment option for international investors offering a big domestic market with potential to become a major global manufacturing hub. Clearly, India is a market to be in – currently and in the future, says Rakesh Rao.Read more

Indian construction equipment industry up 23% in Q3 FY23

Indian Construction Equipment Manufacturers’ Association (ICEMA), apex association for Construction Equipment (CE) manufacturers in India announced its Q3 FY23 results with shows sales grew by 23 percent YoY growth with 27,817 units of Construction Equipment being sold.Read more

Volvo and Eicher showcase future-ready mobility solutions at Auto Expo 2023

Aligned with its vision of smart sustainability, VE Commercial Vehicles (VECV) showcased its expanded EV and natural gas portfolio. Also on show are a range of alternative fuel prototypes, building on VECV’s leadership in driving modernisation in bus and truck transport in India and the developing world.Read more

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