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...

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...

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...

World’s first ‘one-cell’ EV powertrain system to be manufactured in India

IPEC Drive Systems is an Indo-Finnish partnership that is reimagining electric mobility. IPEC Drive Systems Pvt Ltd (IDS), the newly formed joint-venture between IPEC India Pvt Ltd and L7 Drive Ltd of Finland, was formally launched by Ms Nina Vaskunlahti,...

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...

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...

“I want to empower companies having a vision, to use our technology and make...

Betting high on the Indian market and being convinced that a new wave of industrial change is going to usher India into the fourth industrial revolution is what has helped Paresh Patel, managing director of System Level Solutions (India)...

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...

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...

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,...

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...

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...

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The ‘Electronics For You Prize’ To Be Awarded On The 60th Institute Day Of...

The award ceremony is held every year to encourage students to innovate, design and create solutions that will help the nation at large. This year,...

Inside The Investors’ Mind – How To Get Your Startup Funded!

Funding and fundraising activities are the two major accelerators for budding startups. Experts are of the belief that it is more challenging for electronics...

India’s Electric Vehicles To Get Push From Ministries, PSUs And Power Firms

The national budget 2019-20 had an outlay of Rs 10,000 crore for Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to boost electric...

Canada’s Brookfield Aims To Acquire Mytrah Energy

The stake sale could be valued at more than $1 billion, reaching up to nearly $1.5 billion. Canada’s Brookfield Asset Management Inc. is in talks to buy...

Ministry of IT and Electronics Looks To Incentivize Work From Home Jobs

The total seat allocation in nine rounds of bidding has already crossed the earlier targeted number and reached 51,297. In 2016 the BPO promotion scheme...