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85% industry revenue comes from sale of components to domestic vehicle OEMs
In the domestic market, passenger vehicle (PV) OEMs contributed more than 46% to the component industry's revenue, followed by two-wheeler manufacturers at 19%, and Medium and Heavy Commercial Vehicle (M&HCV) at 7%.Read more
Govt set to roll out auto incentives in next FY, posing challenges for electric vehicle leaders
Despite initial skepticism from automakers about meeting the incentive claim process within the current year, the scheme, first notified in 2021, is expected to bring certainty to its 67 autoparts-making applicants.Read more
JSW Steel's subsidiary Periama acquires remaining 10% stake in JSW USA
The company confirmed the completion of the acquisition by Periama on December 18, 2023 (US Time), making JSW USA a wholly-owned entity of Periama.Read more
India's RE capacity surges 2.35 times in a decade: Minister for Power
Highlighting the remarkable growth in renewable energy, the Minister credited the government's strategic initiatives since 2014.Read more
ONDC and Meta forge alliance to digitally upskill 500,000 small businesses
The Meta Small Business Academy provides entrepreneurs and marketers with a certification in digital marketing skills, specifically tailored to enhance their presence on Meta's applications.Read more
Vinita Singhania receives Lifetime Achievement Award at the 7th Indian Cement Review Awards
Vinita Singhania: Cement Pioneer Honored with Lifetime Achievement at 7th Indian Cement Review AwardsRead more
WEF recognises Schneider Electric’s Hyderabad factory as a sustainability lighthouse
Hyderabad factory is third Sustainability Lighthouse for Schneider Electric. Sustainability Lighthouses are leading examples of how 4th Industrial Revolution technologies deliver greater sustainability and efficiency.Read more
Indian engineering exports decline 3% in November, industry optimistic for recovery
Arun Kumar Garodia, Chairman of EEPC India, noted a positive growth trend in the sector from August to October after a first-half slump in 2023, instilling hope for a continued upward trajectory.Read more
Northvolt unveils Sodium-Ion Battery, Paves way to sustainable energy transition
The World Bank Group's 2023 report on Challenges and Opportunities underscores the water intensity and potential environmental impacts of lithium extraction, driving the search for alternatives like sodium-ion batteries.Read more
PM-ebus Seva: Ambitious Plan to Boost E-Bus Adoption despite challenges
The Crisil Ratings report emphasises the government's commitment to overall decarbonisation, with a primary emphasis on public transport as a key facilitator.Read more