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...

India as a market has become a focus for us over the last one...

Data-driven decision making has become an integral part of business strategies for enterprises today. To take advantage of this opportunity, Advanced Technology Consulting Services (ATCS) has been delivering data-driven solutions, using guided analytic capabilities, to leading automotive firms since...

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,...

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)...

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...

Japan’s Nidec To Buy Omron’s Automotive Electronics Unit For $900 Million

The deal is part of Nidec's drive to double sales of the automotive business to 600 billion yen by the year ending March, 2021. Japan's Nidec Corp said on Tuesday it would buy Omron Corp's automotive electronics unit for about 100 billion yen ($893.50...

Seven Taiwanese Firms Eyes To Set Up Units In Gujarat

State government officials believe that the entry of Taiwan-based companies in Gujarat will improve the manufacturing sector in Gujarat. After announcing big-ticket investments in Gujarat’s chemical and automobile sector during the recent Vibrant Gujarat Global Summit (VGGS) 2019, companies from Taiwan are...

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...

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...

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,...

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)...

Impact of Machine Learning on Various Sectors

Have you ever wondered how products like Alexa and Siri made millions? Well, these smart products are the part of this trending digital technology which is standing at the verge of technologies like machine learning and artificial intelligence. Most...

Battery swapping: A sustainable solution for the EV ecosystem

India has ambitious plans of achieving 100 per cent electric mobility by 2030. However, there are multiple challenges that lie ahead on this course. By Akshay Singhal, CEO & founder, Log 9 Materials Currently, electric vehicle (EV) adoption in India is...

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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...