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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