India automotive industry to grow at 10% CAGR between 2018-2023: ResearchCosmos
The Indian automotive industry was estimated at a value of over USD 80 billion in 2016. The industry is anticipated to register a double digit CAGR over the forecast period (2018 - 2023).
Expanding Automotive Manufacturing Sector in India
The Indian...
Hyundai Motor India to expand capacity by 50,000 units
Car maker Hyundai Motor India will expand its capacity by 50,000 units. It also plans to launch nine new models and invest around Rs 6,500 crore, said a top company official.
He also said the company will launch a electric...
Auto firms in Gujarat face supply crunch amid increasing demand
Auto makers who rushed to Gujarat to set up manufacturing plants are now facing the problem of a shortfall in the number of auto parts vendors as car makers seek to boost capacity to meet rising demand.
The problem is...
NAP to open prospects of partnerships for Indian-Korean auto firms
On the eve of India-Korea Business Summit 2018, organized by Confederation of Indian Industry on Tuesday, the conglomerates of automobile industry of India highlighted the areas where Korean counterpart can work together to enhance technology and innovations in the...
Govt unveils draft National Auto Policy to promote green mobility
The government today sought stakeholders' comments on a draft National Auto Policy, which seeks to promote clean and safe mobility and adopt a long-term roadmap to harmonise emission standards with global benchmarks by 2028.
The policy also envisages propelling India's...
Varroc Engineering plans to launch IPO
Tata opportunities Fund-backed auto components maker Varroc Engineering Ltd plans to go public and has hired investment banks to advise it on the share sale, said two people aware of the development.
Founded in 1990, Aurangabad-based Varroc supplies exterior lighting...
Indian Oil, HPCL, BPCL eyeing electric vehicles, renewables business
Wary of being left behind in the race for renewable and electric vehicles, oil marketing companies are quietly drawing up plans to expand their modest presence in renewable energy space.
Indian Oil Corp. Ltd, the largest of the three big...
Nissan seeks autonomous vehicle patents in India
Japanese carmaker Nissan has sought about five patents (three of them filed in May 2017) on technologies relating to autonomous vehicles.
As per the abstract of the filings with the Indian patent office, the technologies will help car sense road...
Pricol commissions state-of-the-art Greenfield manufacturing plant in Pune
Pricol Limited, a leading manufacturer of automotive components for the global automotive market, recently inaugurated its high-efficiency plant built across 6.58 Acres in Phulgaon, Pune. The new facility incorporates Green concepts of Solar power and Variable Frequency Drive (VFD)...
Govt to offer incentives for electric vehicles
To encourage alternate pollution free transport in the country, Department of Heavy Industry has formulated FAME – India Scheme (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) having thrust on hybrid and electric vehicles to become...
Visteon completes acquisition of India based AllGo Embedded Systems
Cockpit automotive electronics specialist Visteon completed acquisition of Bengaluru, India based AllGo Embedded Systems. AllGo develops embedded software/middle ware for automotive and smart phone markets in the multimedia domain with vast experience in Linux and android.
By Baishakhi Dutta
With the connection...
Govt. permits vehicle retrofitting for pollution control
The ministry of heavy industries is devising a policy framework that will provide a benchmark for manufacturers of hybrid kits that facilitate existing passenger cars to convert into hybrid cars.
By Baishakhi Dutta
This new technology kits that Indian joint ventures...
TE Connectivity Opens High-Tech Test Competence Center in Bengaluru
By Belal Khan
TE Connectivity Ltd, a global leader in connectivity and sensor solutions, has opened its Automotive Test Competence Center in Bengaluru.
The new facility provides smart machines and measurement capabilities to ensure product validation requirements for automotive customers in India,...
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Experts of Dell EMC is of...
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TNN in a recent report stated that Bhel Trichy has added...
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GAIL wants to invest in start-ups in core business areas and non-core areas either directly or indirectly.
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Matrix Awarded The Prestigious India SME 100 Award 2018
Matrix has been declared as one of India’s Top 100 SMEs.
Matrix underwent the stringent evaluation criteria laid down by the India SME Forum Jury...
India PC Market Registers Yearly Growth Driven by Strong Notebook Demand in 2018 Q2
India's traditional PC market shipments posted a 28.1 percent growth year-on-year with shipments totalling 2.25 million units in 2018Q2, according to IDC India’s Quarterly Personal Computing...