Teraki’s Latest AI Technology Enters Market Using Infineon’s Microcontrollers

The company’s Intelligent Signal Processing software delivers 10X plus increase in automotive chip, communications and learning performance Teraki, a technology leader in AI and edge processing, on Thursday, launched its latest AI and edge processing technology to meet the exploding...

Acer Luxgen Unveil Taiwan’s First Self-Driving Concept Car

Acer's latest innovation is Taiwan's first self-driving concept car with features like the Internet of Vehicles (IoV) and autonomous driving technologies Acer has unveiled its level-4 self-driving concept car in collaboration with top Taiwanese automaker, Yulon Group, HAITEC, an automotive electronics provider...

Continental Plans To Invest A Big Number In India

Continental AG has planned to invest a huge amount within next two years in India. It is also set to increase the number of employees in the country to 10,000 over the same period.  As per the report by The...

Indian Auto Component Industry Records 18.3% Growth: ACMA

Automotive Component Manufacturers Association of India (ACMA) revealed that the auto component industry grew at 18.3 percent owing to the overall growth of the auto sector in India. As per reports generated by Automotive Component Manufacturers Association of India (ACMA)...

Oman-India fund invests Rs 100 crore in Divgi Torq

Private equity firm Oman India Joint Investment Fund (OIJIF), backed by the State Bank of India and State General Reserve Fund of Oman, has invested Rs 100 crore in auto component maker Divgi TorqTransfer Systems Pvt. Ltd to fund...

Booming business lies ahead for India’s automotive components industry

The Indian automotive industry is going through a dramatic transformation. Political stability, new regulations, increasing competition and rising consumer expectations are bound to reshape the way automobile and components manufacturers go about their business in India. By Baishakhi Dutta At present,...

Domestic auto industry seeks cars to be left out of FTA with European Union

With the resumption of long-stalled negotiations on free trade pact between India and the European Union gaining ground, domestic automobile industry wants cars to be kept out of the agreement. According to PTI, while in the past, EU had demanded...

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...

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Recent Posts

Solar PV Module Prices Drop 99.5 per cent from 1975 to 2016: Report

The policies supported in driving innovation in solar PV technology, which in turn, resulted in deployment of solar PV at a CAGR of 38...

LED Expo 2018 Showcases Key Developments in LED Lighting Sector

The latest edition of LED Expo showcased lighting solutions from countries like China, Finland, Japan, Hong Kong, Italy, Korea and Taiwan India’s most prominent trade...

NABARD Signs Agreement to Fund Rooftop Solar Projects in India

NABARD will support rooftop solar power in India with the Green Climate Fund of $100 million to fight the challenges of climate change  The National Bank for...

Hero Future to Buy Solar Plants of Waaree in ₹500 Crore Deal?

If the sale of the solar plants goes through, the existing alliance between Waaree and Neepco may come to an end New Delhi-based Hero...

Kia Ready to Launch EVs in India Even Without Clear Policy

In case, the government of India formulates a policy in a short time, Kia Motors can launch a car which can meet the rules...