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Hero-owned Tessolve acquires Dream Chip Technologies for Rs 4 billion

This move aligns with India’s Semiconductor Mission launched in late 2022 to bolster the country’s role in this critical industry following the global chip shortages post-COVID-19.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

SKF India dedicates a song to mechanics

SKF India - a manufacturer of bearings, seals, lubrication and lubrication systems – has released "Heroes of the Road”, a heartfelt song dedicated to the unsung heroes of the automotive industry – the mechanics. Read more

Government considers legal action against three firms for FAME subsidy recovery

The move comes after the ministry of heavy industries failed to recover the disputed amount from these companies even after multiple attemptsRead more

Belgian Cycling Factory, HMC HIVE announce strategic partnership to invest $36 mn by 2026

As part of the partnership, Belgian Cycling Factory and HMC HIVE will work together to expand their existing range of products and build a combined portfolio of bicycles with advanced designs, product features and tech-enabled solutions.Read more

Ola Electric secures PLI certification, paving the way for subsidies, boosting EV affordability

This achievement marks Ola Electric as the first Indian electric two-wheeler (e2W) company to secure certification under the PLI scheme, with the ministry reportedly granting approval on December 27 after a four-month process.Read more

Indian Solar exports skyrocket, fuelled by US market success

Between April and July 2023, India's solar cell and module exports surged to $628.38 million, marking a staggering 1,062% increase from the $54.04 million recorded in the same period of 2022.Read more

India's E-scooter startups struggle amidst localisation challenges

A significant setback has emerged as several of these startups face criticism for importing parts from China instead of sourcing locally.Read more

Indian Auto sees surge in apprentice recruitment with PLI expansion

The report, courtesy of TeamLease Degree Apprenticeship, anticipates a noteworthy increase of 70-80% in apprentice hiring.Read more

Hero MotoCorp to invest Rs 550 cr in Ather Energy

Prior to the proposed investment, Hero MotoCorp's shareholding in Ather stood at 33.1 per cent, the country's largest two-wheeler said.Read more

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