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India Clears Rs 72.80 Bn Rare Earth Permanent Magnets scheme

Auto industry welcomes the scheme, which comprises a sales-linked incentives of Rs 64.50 billion on Rare Earth Permanent Magnets (REPM) sales for five years and capital subsidy of Rs 7.50 billion for setting up an aggregate of 6,000 MTPA of REPM manufacturing facilitiesRead more

India serves as a strategic pillar for Silmax’s Asian expansion: Dr Fumagalli

In this interview with Rakesh Rao, Dr Dario Maria Fumagalli, President & CEO, Silmax, elaborates on the growth potential of India’s machine tools industry and the company’s long-term commitment to the country’s industrial ecosystem.Read more

Servotech Secures Patent for Breakthrough EV Charging Compatibility Technology

Servotech’s patented device acts as a smart converter that, when connected to a CCS2 charger, allows GBT vehicles to charge safely, quickly, and efficiently.Read more

Varroc Secures Major EV Electronics Contract to Boost Global Expansion

With this partnership, Varroc strengthens its foothold in the global passenger vehicle electronics market. Read more

iRasus and Jouletap Strengthen EV Battery Reliability Through Preksha Platform

The partnership has led to big improvements in operations thanks to iRasus' flagship Preksha platform.Read more

Evermore Elevates Precision Manufacturing with STUDER Machines

Evermore is strengthening its precision manufacturing capabilities through long-standing collaboration with STUDER, leveraging high-accuracy grinding technology to boost quality, efficiency, and competitiveness.Read more

Musashi India Expands Bengaluru Plant to Boost Transmission Output

Musashi India has completed Phase 2 of its Bengaluru plant expansion to scale production.Read more

Kinetic Engineering Reports Strong EV Momentum, Expands Dealership Network Nationwide

With a profitable financial foundation, a positive demand outlook, and an expanding EV distribution network, Kinetic Engineering Limited is well-positioned to deliver sustainable growth and long-term value to its customers, partners, and shareholders.Read more

Varroc Engineering Q2 FY26 Results: Growth Amid Challenges, Strong Focus on EV & Cost-Cutting

Over the last 3 years since the divestment exercise, Varroc have been consistently improving on financial prudence, cost reduction and customer delight.Read more

Shailesh Chandra Elected OICA President, Hildegard Müller as Vice President

Shailesh Chandra becomes first Indian OICA President; Hildegard Müller named Vice President, highlighting global leadership in automotive sustainability.Read more

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