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Schaeffler to lay off 4,700 jobs amid challenges in Europe’s auto sector
Overall, the job cuts will affect around 3.1% of Schaeffler's workforce of 120,000, which increased after its merger with electric powertrain specialist Vitesco.Read more
Atul Greentech and Jio Platforms partner to drive innovation in EVs
This collaboration leverages Jio's advanced IoT mobility technology, integrating cutting-edge hardware, software, and connectivity to provide real-time telematics data and high reliability for users.Read more
Kinetic Green appoints Manav Mehra as senior executive VP of 2-wheeler SBU
His focus will be on expanding the dealer network, boosting market penetration, towards service and sales excellence, and strengthening brand presence across the country.Read more
New energy vehicles to gain acceptance by 2030: Survey
Additionally, buyers indicated a willingness to pay up to 49% more for an EV.Read more
Min of Heavy Industries organises event celebrating FAME’s success in India
The FAME Scheme was launched to give a major boost to the development and adoption of electric vehicles in the country.Read more
JBM Auto secures $100 million for electric bus expansion
JBM ECOLIFE Mobility plans to utilise the funds to introduce 650 additional electric buses in multiple states in a phased manner.Read more
Mercedes-Benz to manufacture EQS SUV 580 in India
The EQS SUV 580, which is not yet available in India, features a 122 kWh battery and an impressive range of 809 km on a single charge, with a projected price of Rs 14 million.Read more
Vedanta eyes global EV market with nickel production expansion
This initiative aligns with India's broader goal to reach $1 trillion in exports by 2030, up from $437 billion in the 2023/24 fiscal year.Read more
China orders automakers to avoid investing in India to safeguard EV technology
The directive comes amid strained relations between China and India, particularly following a deadly border clash in 2020.Read more
JSW MG to shift focus to NEVs; to phase out conventional vehicles
JSW MG aims to introduce a new vehicle every four to six months and anticipates that over 50% of its sales will come from electric vehicles (EVs) in 2024.Read more