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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

Tyre manufacturer Continental might spin off automotive-electronics division

The potential move is aimed at enhancing flexibility and allowing the company to adapt more effectively to dynamic market conditions and the evolving software-driven technology landscape.Read more

Bangladesh crisis causes major losses to Indian auto manufacturers

Data from the Ministry of Commerce and Industry shows that Indian two-wheeler exports to Bangladesh were 3.6% by value in FY24, down from 3.69% in FY23 and 3.72% in FY22.Read more

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