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Indian Automobile Industry valued at $108 bn in 2022-23: Primus Partners
The automobile industry produced value of Rs 8.7 lakh crore in 2022-23 and India produced 2.7 crore vehicles and is 3rd in passenger vehicles and 1st in 2 wheelers globally. Read more
Japan’s Musashi Seimitsu to invest Rs 700 mn in India to make EV components
The company will manufacture 2W E-Axle comprising of motor, PCU, and Gear Box at its Bengaluru plant starting October 2023. It has signed MoU with Bharat New-Energy Company (BNC) to develop drivetrain technology.Read more
JCBL-MSL partners with Indian Railways for Vande Bharat Components
The MSL (Mobility Solutions Limited), a part of JCBL Group bags orders worth 100 crores with the objective of elevating the quality of Indian trains by delivering and installing several essential components for the Vande Bharat Express.Read more
BorgWarner unveils new logo marking transformation to eMobility
Signaling a new chapter, BorgWarner launches a new logo which is future-focused, dynamic and reinforces BorgWarner’s vision of a clean, energy-efficient world. The company expects eProduct revenues of over $10 billion by 2027.Read more
SIAM hosts conference Towards Vision India@2047on World Environment Day 2023
Society of Indian Automobile Manufacturers (SIAM) hosted an international conference coinciding with the commemoration of World Environment Day 2023, inaugurated by Ashwini Kumar Choubey, Union Minister of State for Environment, Forest and Climate Change, Government of India.Read more
Erisha E Mobility signs MoU with UP govt to invest 400 cr in EV charging hubs
Erisha E Mobility and government of Uttar Pradesh to invest $50 million towards the construction of 100 EV charging hubs in Gautam Buddha Nagar district of UP. Read more
Mobile robot components market worth $7.4 billion by 2027
A report by Interact Analysis shows Mobile robot component market growth fueled by demand for order fulfillment robots where US currently dominates the mobile robot component market, but China is set to become a strong rival.Read more
4W, 2W EV manufacturing to drives for 13 mn sq ft real estate by 2030
‘Electric Vehicles in India – New Wheels on the Roads’, a report by India’s leading real estate consulting firm, CBRE South Asia shows trends, growth, and influence of electric vehicles (EVs) on the real estate sector in India.Read more
B&R, ABB showcase automated solutions at Interpack 2023
B&R and ABB together have showcased a comprehensive range of solutions for packaging automation at interpack 2023, highlighting how automation can help companies tackle the production and logistical challenges posed by omnichannel retailing.Read more
Annual ARC Industry Forum Asia is driving sustainability, energy transition
The Annual ARC Industry Forum Asia is organised by ARC Advisory Group in two forums this year. The event will take place in Tokyo, Japan on June 20 and Bangalore, India on July 12 to 13. Industrial Product Finder will be one of the media sponsor at the event. Read more
