Auto Industry

The building of an electric car industry in South and Southeast Asia (SSEA) will be expensive. It will involve execution risk typical for cross-border expenditure, where entities will try to anticipate shifting poli...

The Automotive Component Manufacturers Association of India (ACMA), the leading organisation for India’s auto component sector, held its 64th Annual Session on September 09, 2024, centered on the theme ‘Viksit Bhara...

BYD India, a subsidiary of the world's leading New Energy Vehicles (NEV) manufacturer BYD, marks its 11th anniversary of its electric mobility journey in India since the arrival of its first electric bus in Chennai ...

ZF Group has announced the rebranding of its Passive Safety Systems division to “ZF LIFETEC”. The new branding is part of the current legal separation of the Passive Safety Systems division within the ZF Group.

SAIC Motor, a global Fortune 500 company with annual revenues of around US$ 110 billion and a presence in over 100 countries and the US$ 23 billion JSW Group, (India’s leading conglomerate with interests across B2B ...

Automotive Skill Development Council (ASDC), operating under the Ministry of Skill Development and Entrepreneurship, made a remarkable presence at India's inaugural Bharat Mobility Global Expo – 2024.

The three-day 5th edition of ACMA Automechanika New Delhi is scheduled to hit the ground from February 1 to 3, 2024 at Pragati Maidan, New Delhi bringing together 500+ exhibitors from 12 countries.

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced the findings of its Industry Performance Review for the first half o...

Christopher Marsh took charge as the head of the Surface Solutions business and the Pune Plant in India on October 01, 2023. He succeeds Landry Tchapda who now at the end of his assignment has been assigned another ...

According to a Crisil Market Intelligence & Analytics report, the domestic market for passenger vehicles with ADAS or Advanced Driver Assistance System s will cross US 1 billion by financial year 2028.

Electric Vehicles (EV) penetration in India will reach 50pc by FY33 led by strong and sustained government support. Moreover, incentives of Rs 1.8 trillion over FY 24-28E would lead to battery demand of 250Gwh and e...

Manav Kapur, Executive Director, Steelbird International, India’s leading automotive components company, has taken charge as chairperson of ACMA-YBLF.

Michael Perschke, former Managing Director of Audi India, has been appointed to the Board of Goldstone Technologies (GTL), a pioneering Indian company specialising in business intelligence, data analytics and EV Tec...

BYD India, a subsidiary of the world's leading New Energy Vehicles (NEV) manufacturer BYD, celebrated its 10th year anniversary in the Electric Vehicle (EV) segment in India, a significant milestone of its 16+ years...

Mahindra & Mahindra and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest Rs. 1200 crore into MEAL (Mahindra Electric Automobile Limited), the four-...

While the Indian automotive industry is poised to continue its growth trend in the future, it will be challenged by infrastructure hurdles, particularly within cities. Urban centers are India’s growth engines; howev...

The Indian State of Maharashtra and Gogoro Inc, a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, announced that the Maharashtra government had presente...

Primus Partners Pvt. Ltd. (Primus), a pioneer in the realm of management consulting services reported that the automobile industry registered an astounding employment figure of over 1.9 crore++ occupying paramount i...

Mooting the idea of providing mobile-tech charging for passenger electric vehicles, anytime and anywhere, Mobec Innovations Pvt Ltd, India’s first full-stack M-CAAS (Mobile-Charging as a Service) green company, has ...

JLR announced plans to accelerate its transition to become the world’s leading modern luxury car manufacturer revealing its Halewood plant, in the UK, will become an all-electric production facility and its next gen...

The year 2022 saw Automobili Lamborghini break records with best sales figures ever. The company delivered 9,233 cars worldwide, an increase of 10% over the previous year.

The Indian State of Maharashtra announced a strategic energy partnership with Gogoro Inc. and Belrise Industries (erstwhile known as Badve Engineering Ltd) to establish an unprecedented battery-swapping infrastructu...

The Indian State of Maharashtra announced a strategic energy partnership with Gogoro Inc. and Belrise Industries (erstwhile known as Badve Engineering Ltd) to establish an unprecedented battery-swapping infrastructu...

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry has announced the findings of its Industry Performance Review for the first ha...

Schaeffler, leading global supplier to the automotive and industrial sectors, is expanding its software and electronics expertise. The company has inaugurated a new centre of competence in software development in Pu...

Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility, has announced investments from Qualcomm Ventures and Lingotto to expand the Series D round.

Valeo and Mobileye celebrated the production of Valeo’s 10 millionth front camera system containing Mobileye technology, at Valeo's site in Wemding in Germany (Bavaria).

The Indian automotive components industry has registered a turnover of Rs. 4.20 lakh crore (USD 56.5 billion) for the period April 2021 to March 2022, registering a growth of 23 per cent over the previous year.

Vitesco Technologies India Pvt Ltd, part of the Euros 8.3 billion Vitesco Technologies Group based in Regensburg, Germany and a leading international manufacturer of modern drive technologies and electrification sol...

British International Investment (BII), the UK’s Development Finance Institution and impact investor and Mahindra & Mahindra (M&M) have executed a binding agreement to invest up to Rs. 1,925 crore each into a wholly...

Mecwin India, one of the fastest-growing EV startups in the country is going to invest Rs. 50 crore for setting up one of the largest manufacturing plants for EV motors and controllers in Karnataka.

Mitsubishi Electric Corporation has announced that it will invest approximately Rs 220 crore or 3.1 billion yen, in its subsidiary Mitsubishi Electric India Pvt. Ltd. to establish a new factory in India.

Magenta, a leading EV charging company, successfully developed and installed Delhi's first LEV AC EV charger under the state government's plan, which allows for the construction of private EV chargers for a net cost...

With 2 million electric vehicles estimated to be plying the roads by 2026, building the charging infrastructure for EVs has become paramount. Addressing the infrastructure demand, Hero Electric, India’s No.1 electri...

Yamaha Motor Moto Business Service India (MBSI) announced its entry into the EV segment for 4 - wheeler asset management services by partnering with Malbork, a Bangalore based all electric sustainable energy powered...

Pre-owned car retailing platform Spinny has acquired a 100% stake in AI-powered connected car startup Scouto. The deal will mark one of the first consolidations in the AI-powered used car solutions segment where Spi...

As part of the India 2.0 project, Skoda Auto India has announced the commencement of production of its premium mid-size sedan, the Skoda Slavia, from its plant in Chakan, Pune in the state of Maharashtra.

Automobili Lamborghini ended 2021 with a remarkable all-time record: 8,405 cars were delivered worldwide, making it the company’s best year ever on that front. Sales were up by 13% on 2020 due to a targeted and moni...

Leading global automotive supplier, Marelli, announced that following almost four years with the Company, Beda Bolzenius will stand down as CEO and President and he will be succeeded by David Slump, a 30-year indust...

Spinny, the pioneering full stack online-to-offline user car retail platform, has partnered with Indian sporting legend Sachin Tendulkar. Sachin is a strategic investor in the company, as well as lead brand endorser...

Spinny, a used car retailing platform in India, has announced the closure of a USD 283 million Series E funding round from new and existing investors. The round was led by Abu Dhabi based - ADQ, Tiger Global and Ave...

Tata Motors Ltd (TML) and TPG Rise Climate have entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated. ...

Ford India has announced that it will cease manufacturing vehicles for sale in India immediately. The manufacturing of vehicles for export will wind down at Sanand vehicle assembly plant by Q4 2021, and Chennai engi...

Mercedes-Benz is getting ready to go all electric by the end of the decade, where market conditions allow. Shifting from electric-first to electric-only, the world’s pre-eminent luxury car company is accelerating to...

In an exclusive interview, Uday Narang, Chairman, Anglian Omega Group & Omega Seiki Mobility talks about his company plans to enter the two and four wheeler electric vehicle space.

Nissan has unveiled Nissan EV36Zero, a one billion pound (Rs 10,000 crore approx.) flagship Electric Vehicle (EV) Hub creating a world-first EV manufacturing ecosystem.

Leading automotive and industrial supplier Schaeffler is the official “Series and Innovation Partner” to the DTM racing series and will bring the steer-by-wire technology Space Drive to the starting grid in three DT...

Cars24, a leading e-commerce platform for pre-owned vehicles and operating in over 130 cities in India is set to further strengthen its foothold in the Southeast Asian and Middle East markets in 2021. The company r...

Integrated automotive and industrial supplier Schaeffler has optimised its medias online platform in order to provide users even faster and more efficiently with comprehensive information. In addition to information...

The Goodyear Tire & Rubber Company has announced that it has completed its acquisition of Cooper Tire & Rubber Company, finalising the merger agreement made public on February 22, 2021.

Nitin Gadkari, Minister of Road Transport & Highways, Micro, Small & Medium Enterprises, Government of India recently requested Rajeev Chaba, President and Managing Director, MG Motor India and Paytm Founder & CEO V...

At Auto Shanghai 2021, Huawei has launched its next-generation intelligent components and solutions, including the 4D imaging radar, AR-HUD, and MDC 810 during its Huawei Inside (HI) product launch titled "Focused ...

Nissan Motor Co. has announced Guillaume Cartier as its new Chairperson for the Africa, Middle East, India, Europe and Oceania (AMIEO) region. Effective April 1, 2021, Cartier will lead all Nissan operations in the...

The Automotive Skill Development Council (ASDC) has signed a Memorandum of Understanding (MoU) with Magic Billion to explore possible future opportunities to impart genuine and specialised overseas opportunities to ...

Tyre majors Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total ...

Finally and formally two major car companies of the world, Peugeot S.A. (Groupe PSA) of France and Fiat Chrysler Automobiles N.V (FCA) of Italy, have merged and a new entity has emerged, Stellantis. The word Stellan...

ACMA Automechanika New Delhi is all set to go hybrid from 2021. Messe Frankfurt India together with Auto Component Manufacturers of India (ACMA) have announced that the 5th edition through its new dynamic digital mo...

Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") have revealed the logo of Stellantis, the new group that will result from their 50:50 merger.

Suzuki Motor Gujarat Private Limited (SMG), a subsidiary of Suzuki Motor Corporation for the production of automobiles in India, has achieved accumulated automobile production of 1 million units on October 21, 2020.

The turnover of the Indian automotive component industry has registered a de-growth of (-) 11.7 per cent compared to the previous year at Rs. 3.49 lakh crore (USD 49.2 billion) for the period April 2019 to March 202...

As both Fiat Chrysler Automobiles N.V. and Peugeot S.A. ("Groupe PSA") move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on December 18, 2019, the two companies have...

Great Wall Motor (GWM), a global SUV manufacturer based in China has signed an MOU with the Maharashtra government to set up a state-of-the-art automotive manufacturing facility in Talegaon, committing an investment...

Huawei, the world’s leading information and communications technology (ICT) provider, has established an alliance with 18 automakers to build a 5G-enabled automobile ecosphere to accelerate commercial use of 5G tech...

Pankaj Dubey, who was at the helm of affairs of Polaris India Pvt. Ltd, a wholly-owned subsidiary of Polaris Inc., since its inception for around 10 years, has moved on to pursue other career opportunities. In his p...

The domestic automotive industry is likely to be negatively impacted due to the recent outbreak of coronavirus (COVID-19) across China and neighbouring countries in South-East Asia.

National Engineering Industries Ltd (NEI), part of the USD 2.4 billion diversified CK Birla Group, announced the acquisition of Kinex Bearings through its wholly owned European subsidiary. Kinex Bearings is an inter...

Kia Motors Corporation has announced details of ‘Plan S’, its mid- to long-term strategy aimed at progressively establishing a leadership position in the future automotive industry, encompassing electrification and ...

Hyundai Motor Company and Kia Motors Corporation have debuted a new virtual reality (VR) design evaluation system at the brands’ global design headquarters. The new system, introduced to the Namyang Research and Dev...

Cars24, a leading tech platform for used cars, was till recently a very popular platform for people to sell their used cars. Now the company has announced that consumers can buy cars from its platform. It will now o...

Barely five months after rejecting French auto major Groupe Renault as its bed partner, Fiat Chrysler Automobiles (FCA) has hopped back into the bed with another French automobile major – Groupe Peugeot S.A. Accordi...

For Union Minister Nitin Gadkari, it’s been a journey from taking on a confrontationist attitude to one of being benign and accommodating. At the 59th Annual Convention of the Society of Indian Automobile Manufactu...

Fiat Chrysler Automobiles N.V. has delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Groupe Renault has confirmed receipt of a pr...

Valeo India, part of the Euros 19.3 billion Valeo group of France, has inaugurated a wiper motor manufacturing facility at Vallam, Chennai. The plant will manufacture rear wiper motors catering to OEMs and the after...

ZF Friedrichshafen AG has received an order from BMW AG for its enhanced 8-speed automatic transmission with a double digit billion value. The business is planned to run over a period of several years. The latest ve...

Groupe PSA further strengthened its commitment for the Indian market by organising a 2019 India Suppliers Summit in Chennai, soon after the Citroën brand launch in India. The summit witnessed participation of more t...

The Volkswagen Group has announced its intent to merge its three Indian subsidiaries: Volkswagen India Private Ltd (VWIPL), Volkswagen Group Sales India Private Ltd (NSC) and Skoda Auto India Private Ltd (SAIPL). Th...

Hyundai Motor Group and Ola, one of the world’s largest ride-hailing platforms, announced a strategic partnership under which Hyundai Motor Company (Hyundai) and Kia Motors Corporation (Kia) will make their biggest ...

After the successful introduction of ABS and motorcycle stability control (MSC) technologies, Bosch has introduced its first advanced rider assistance systems for motorcycles, comprising adaptive cruise control, for...

The US $ 1.5 billion India based JBM Group with business interest in auto systems and assemblies has acquired major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural ...

In line with the strategy for India, Renault-Nissan Alliance India has signed a memorandum of understanding with National Skill Development Corporation (NSDC) to train its workforce in the Alliance plant in Chennai ...

Skoda and Volkswagen Group India have inaugurated a new Technology Centre in Pune, India. The opening ceremony was attended by Czech Prime Minister Andrej Babis and other government officials. On behalf of the Volks...

After working in secret for more than three years, AEV Robotics is now ready to showcase their modular vehicle system (MVS) on the international stage. The United Nations predicts that 68% of the world’s population ...

NVIDIA announced the world’s first commercially available Level 2+ automated driving system, NVIDIA DRIVE AutoPilot, which integrates multiple breakthrough AI technologies that will enable supervised self-driving ve...

As ACMA Automechanika New Delhi edges closer to its opening, the country’s leading trade fair for the automotive aftermarket is fast moving towards being completely sold-out. The trade fair is scheduled to take plac...

MG Motor India announced its partnership with leading connectivity management platform Cisco IoT and UNLIMIT - a specialist IoT services provider, to develop connected mobility enabled vehicles.

Developing India’s CNG infrastructure could help achieve 50pc natural gas vehicles penetration by 2030 leading to crude oil import savings of Rs 11 lakh crore.

Bosch, a leading supplier of technology and services, is boosting its beyond mobility business with smart solutions based on growing infrastructure and consumer demand.

SAIC Motor Corporation, the biggest vehicle manufacturer in China, will soon be starting operations in India through MG Motor India, its fully owned subsidiary. SAIC, which has acquired a massive technological prowe...

Nissan has decided to bring the best of its worldwide lineup to India and also launch a product offensive in the country as part of its new strategy for India. As part of this Nissan strategy, the company will launc...

International Automotive Components (IAC), a leading global supplier of automotive components and lightweight vehicle solutions, has inaugurated its new state-of-the-art plant in Manesar. This milestone was marked b...

Hyundai Motor India plant in Sriperumbudur in Tamil Nadu is bustling with frenzied activity. They are getting ready to manufacture the new Santro family car. The new Santro would soon be launched in the country. Cod...

Iconic motorcycle manufacturer of the US and a favourite company of US President Donald Trump is beginning to appreciate the flavour of Indian curry. It has just announced its own recipe for the Indian palate wherei...

The growing demand for ride-sharing services is giving rise to a new category of vehicles. These are cars with a flexible interior that can be individually tailored to the needs of their users. The potential for aut...

Global car major Volkswagen will be investing Euros 1 billion (Rs 7900 crore) in India for its India 2.0 project which was announced by the group recently. This money will be used to develop new Skoda models based o...

Volvo Cars revealed the new S60 mid-size premium sports sedan at the company’s first US manufacturing plant in Charleston, South Carolina. The new Charleston plant has now been officially inaugurated. The combined c...

Rupert Stadler, CEO of Audi, one of the largest luxury car majors and part of the Volkswagen Group was arrested in Munich on June 18, 2018 in connection with the diesel scam that rocked Volkswagen and the automobil...

Nuance Communications, Inc, the pioneer and leader in conversational AI innovations, has announced it has collaborated with Daimler AG to develop and power the Mercedes-Benz User Experience (MBUX) multimedia system...

Sumitomo Corporation has brought a 49% stake for Rs 1180.99 Cr in the joint venture company, Mukand Sumi Special Steel Limited, a leading specialty steel supplier for the fast growing automotive and engineering indu...

Audi aims to sell approximately 800,000 fully electric cars and plug-in hybrids in the year 2025. At the Annual General Meeting of AUDI AG held on May 9, 2018, the Board of Management presented the updated “Audi.Vor...

Synergies Castings Limited, India’s leading aluminium alloy wheel manufacturer announced the signing of an MoU with the Government of Andhra to establish a major greenfield aluminium casting and specialty alloy whee...