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    Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
    The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively. For 2023, we have reduced the forecast by 1.05 million units or 1.1% to 92 million unit...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). ...
    19-Aug-2021 Insights Policy & Regulation Pinned
    Thalamus Irwine, Triton EV join hands to develop autonomous vehicles in India
    According to a press release published in the Economic Times on 15 October, Thalamus Irwine, a well-known artificial intelligence (AI) with roots in India, has partnered with New Jersey-based Electric Vehicle Manufacturer - Triton EV to accelerate India's Autonomous Future. The MOU signed by the ...
    Maruti Suzuki launches virtual car assistant app for NEXA customers
    Maruti Suzuki has launched an AI-based 24x7 virtual car assistant app called “S-Assist” for its NEXA customers, it said in a press release on 30 September. The voice-enabled virtual car assistant helps provide immersive online post-purchase experience to customers. “Digitization of car serv...
    04-Oct-2021 News New Products
    ACO Tech unveils in-vehicle infotainment OS ATLAS
    ACO Tech has unveiled ATLAS in-vehicle infotainment operating system, according to its press release on 30 September. ATLAS, which stands for ACO Tech Local Automotive Services, is also supported by a complimentary mobile application called ATLAS Auto. ACO Tech has invested over CNY30 million (USD7....
    01-Oct-2021 News New Products
    Automakers and suppliers to reinvent supply chain amid chip shortage
    Despite chip plants effectively running on full capacity, the global chip-shortage crisis may not be resolved next year, warned executives from German automotive companies during the IAA Mobility 2021 show in Munich. Top executives from several companies have publicly stated that they do not know...
    Volkswagen Australia recalls MY 2021 Passat models due to brake assembly issue
    According to the Australian Department of Infrastructure, Transport, Regional Development and Communications Recall report REC-004962 published on 23 September, automaker Volkswagen Australia is recalling 95 model year (MY) 2021 Passats to address a brake booster issue. According to the report, t...
    29-Sep-2021 News Recalls
    Lumax, Alps Alpine Asia JV unveils premium car audio range for India
    According to press release on IndiaToday dated 7 September, Lumax-DK Jain Group and Alps Alpine Asia Co. Ltd. unveiles the premium range of Alpine car audio infotainment systems for India. Mizuki Kanai, senior manager, brand business, Alpine Asia said, “Alpine is a total car-life solu...
    21-Sep-2021 News New Products
    Suzuki Connect advanced telematics to be available in Maruti Suzuki’s ARENA channel
    Maruti Suzuki India has introduced its advanced intelligent telematics technology, Suzuki Connect, for the vehicles in its ARENA channel, it said in a press release on 9 September. The service uses a Telematics Control Unit (TCU) to exchange information through cellular network with a cloud-based se...
    13-Sep-2021 News New Products
    Hatch awarded engineering design contract for the Nolans NdPr mining project
    Australian mineral exploration company Arafura Resources Limited announced via a press release on 30 August that it had appointed Canadian engineering and development consultancy Hatch to carry out engineering and procurement services at the Nolans hydrometallurgical plant. According to Arafura, ...
    Maruti Suzuki's production hit due to semiconductor chip shortage in India
    According to a CNBC press release dated 31 August, India's largest carmaker Maruti Suzuki warned on Tuesday that vehicle production in September will drop by 60% due to a chip shortage, joining a slew of global automakers facing a pandemic-led scarcity of critical components. The company, which h...
    Porsche to expand engineering and assembly operations in Asia
    Germany-based sportscar manufacturer, Porsche, has announced that it is expanding its presence and operations in the Asian region. According to a press release issued by Porsche on 30 August, the company is establishing a new permanent research and development satellite in Shanghai, China, and a sma...
    31-Aug-2021 News Investments
    VVDN joins NVIDIA partner network for AI-based camera and vision applications
    VVDN Technologies, a premier electronic product engineering and manufacturing company, announced on August 18 that it has joined the NVIDIA Partner Network (NPN) as a provider of artificial intelligence (AI)-enabled computer vision solutions powered by the NVIDIA Jetson edge AI platform. The NPN ...
    MG Motor India unveils SUV Astor with AI assistant, Level 2 autonomous tech
    According to official press release dated 18 August, SAIC-owned MG Motor India on Wednesday unveiled the upcoming mid-size SUV Astor which features personal Artificial Intelligence (AI) assistant and Autonomous Level 2 technology. Rajeev Chaba, president and MD, MG Motor India, said, "As an auto-...
    19-Aug-2021 News New Products
    Mahindra launches XUV700 SUV in India with over 60 connected car features
    Mahindra & Mahindra has launched its XUV 700 SUV with over 60 connected car features, Alexa voice control system, ADAS features, and safety systems like Driver Drowsiness Monitoring among others, Financial Express reported on 14 August. Mahindra will launch optional packs for the SUV later wi...
    16-Aug-2021 News New Products
    Honda introduces Google Assistant for MY 2021 Honda City models in India
    Honda has introduced an updated version of Honda Connect in India, Hindustan Times reported on 29 July.  It has launched Honda Action on Google, which will be featured in the fifth-gen Honda City sedan. The new update will allow customers use Google Assistant with Ok Google voice commands. ...
    Toyota launches Halo connected fleet management solutions for businesses in Australia
    Toyota has launched Halo connected fleet management solutions in Australia in partnership with Fleetsu, the company said in a press release on 27 July. Toyota Halo leverages Fleetsu's platform to deploy a suite of connected vehicle solutions. Toyota Halo software offers customers the ability to proc...
    Lexus joins Australian Integrated Multimodal EcoSystem to trial V2I technology
    Lexus has joined the Australian Integrated Multimodal EcoSystem (AIMES) technology development initiative to test vehicle-to-everything (V2X) technologies, specifically V2I technology (V2I), news.com.au reported on 20 July. Two high-tech Lexus RX hybrids modified with Dedicated Short-Range Commun...
    India-based G G Engineering launches EV charging station
    G G Engineering Ltd. has announced that it has launched a new line of electric vehicle (EV) charging stations. According to a report filed by ET Auto on 8 July, the company’s new charging station ranges in power output from 3 kW to 22 kW. The production and distribution of these new charging st...
    16-Jul-2021 News Investments
    Tata Motors to launch electric sedan XPRES-T EV for fleet applications
    Indian carmaker Tata Motors has announced the launch of a new brand ‘XPRES,’ exclusively for fleet customers. According to a press release issued by Tata Motors on 14 July, under the new XPRES brand, it would introduce new model offerings that cater to fleet-specific needs of safe...
    15-Jul-2021 News New Products
    EV startup Magenta sets up public EV charging station in Mumbai, India
    India-based EV charging solutions provider Magenta has announced that it will set up a new public electric vehicle (EV) charging station in the Navi Mumbai region of Mumbai city. According to a report filed by ET Auto on 13 July, Magenta plans to install 4,000 EV charging points by March 2...
    15-Jul-2021 News New Products
    India-based Rico Auto to supply component for Toyota’s hybrid vehicle
    Indian automotive components supplier Rico Auto has announced that it will be supplying components for a Toyota hybrid vehicle. At the company’s fourth quarter 2021 earnings conference call held on 23 June, Arvind Kapur, the chairman, CEO, and managing director of Rico Auto, stated that ...
    MG Motor, Fortum set up 50 kW public EV charging station in India’s Pune city
    British car maker MG Motor has announced that it has collaborated with Fortum Charge & Drive India to establish a 50 kilowatt (kW) fast charging station for electric vehicles (EVs) in the Indian city of Pune. According to a report filed by news agency ET Auto on 10 July, this facility is in...
    13-Jul-2021 News Investments
    Grab aims for a full fleet running on cleaner energy by 2030
    Grab Singapore has released its 2030 Transport Sustainability Goal, which entails the ride-hailing and transport company to target its full fleet running on cleaner energy by 2030, the company said in a press release on 7 July. “This goal is set as part of the broader GrabForGood initiativ...
    Indian government mandates airbags for front seat passengers from 1 December
    The Government of India has announced that airbags for both front occupants will become mandatory from 1 December 2021 onward on all new cars sold in the country. According to a report filed by news publication ET Auto on 27 June, this rule also applies to existing car models, and it was deferr...
    GCG Asia to invest in EV battery factories in Malaysia
    Go Charge Go Asia Malaysia (GCG Asia) has announced that it is entering into the electric vehicle (EV) battery manufacturing space in order to provide automotive OEMs in the Southeast Asian region with a localized battery supply chain, in response to the steady movement of car makers towards electri...
    02-Jul-2021 News Investments
    Hyundai expands partnership with Grab to accelerate EV adoption in Southeast Asia
    Hyundai Motor has announced an expansion of its partnership with Grab Holdings in Southeast Asia, the automaker said in a press release on 22 June. The next phase of the partnership will focus on accelerating electric vehicle (EV) adoption in Southeast Asia. Hyundai, Kia, and Grab will ...
    GlobalFoundries to build new fabrication plant in Singapore
    According to a press release from Reuters, the United States-based semiconductor manufacturer GlobalFoundries announced on June 22nd that it will build a new fabrication plant in Singapore to meet the unprecedented global demand for chips. The new facility will be built in collaboration with...
    23-Jun-2021 News Investments
    Indian supplier Amara Raja Batteries to invest in Li-ion battery technology
    Indian battery maker Amara Raja Batteries (ARBL) is planning to invest in developing lithium-ion (Li-ion) battery technology, ETAuto reported on 14 June citing a company release. The investment will be for establishing a New Energy strategic business unit for lithium cell and battery pack, EV charge...
    16-Jun-2021 News Investments
    New Zealand announces new rebates for electrified vehicles from 1 July
    The Government of New Zealand is taking action in line with the advice of the Climate Change Commission to increase the uptake of low emission vehicles by introducing a range of measures that will help meet the country’s 2050 carbon neutrality target and create jobs to support economic recovery. A...
    ZF Steering Gear (India) to temporarily suspend MP plant for ten days in June
    Steering gear systems supplier ZF Steering Gear (India) has announced that its plant in Madhya Pradesh will remain closed for 10 days, reports Business World quoting a regulatory filing the company has submitted. Significance: ZF Steering Gear (India) has suspended operation at its Pithampur plan...
    Subaru recalls 38,755 vehicles in Australia over issue with rear stabiliser bracket bolts
    Subaru is recalling 38,755 vehicles in Australia over an issue with rear stabiliser bracket bolts, according to a recall notice on the Australian Competition and Commission (ACCC) website on 2 June 2021. The recall affects model year (MY) 2018–19 Subaru XV and Forester vehicles. Significance: I...
    04-Jun-2021 News Recalls
    Primobius enters Li-ion battery recycling sector with Stelco
    Primobius has signed a memorandum of understanding (MoU) for a 50:50 JV with Stelco, a wholly-owned subsidiary of Stelco Holdings Inc., a steel manufacturing company headquartered in Hamilton, Ontario, Canada, to establish a battery recycling business in North America, according to a company press r...
    Motherson Sumi’s FY 2020/21 revenue down 5.5% y/y to USD7.7 billion
    Motherson Sumi Systems has reported a 5.5% year-on-year (y/y) decline in revenue from operations to INR 569.51 billion (USD7.7 billion) for the fiscal year ended 31 March 2021. Profit before tax amounted to INR11.73 billion, down 27.7% y/y. Net Profit attributable to owners of the company also fell ...
    MG Motor India partners with Attero to reuse, recycling Li-ion EV batteries
    MG Motor India has joined hands with clean tech provider, Attero according to a company press release on 28 May. The automaker aims to make use of recycled li-ion batteries from electric vehicles (EVs) in India after their end of life. Significance: Rajeev Chaba, president and managing director, ...
    Indian state Karnataka offers 15% capital subsidy to investors in EV sector
    The Cabinet of India’s Karnataka State Government has decided to offer 15% capital subsidy to investors in electric vehicle (EV) sector, according to a report by ET Auto on 27 May 2021. The government will offer a 15% capital subsidy on the value of fixed assets over five equal annual payments, La...
    Foxconn partners with energy group PTT to build EVs in Thailand
    Foxconn and PTT have signed a memorandum of understanding to collaborate in setting up an open platform for producing electric vehicles (EVs) and main components to serve the EV sector in Thailand. The partnership also includes a new joint venture being set up. According to a company press releas...
    SAIC-GM-Wuling’s subsidiary to help draft NEV policies in Indonesia
    SAIC-GM-Wuling’s subsidiary in Indonesia will be helping draft local new electric vehicle (NEV) industry standards and policies, to boost shift towards electrification in Malaysia, China Daily reported. Significance: In a statement to China Daily, the carmaker said, “We will actively par...
    Hankook Tire to equip Perodua’s Axia, Bezza models with Kinergy EX tires
    Hankook Tire will supply its Kinergy EX tires to Perodua’s Axia and Bezza Energy-Efficient Vehicle (EEV) models, according to a company press release on 27 May. The Axia and Bezza will come fitted with the tires in size 175/65R14T and 175/60R15H, respectively. Significance: Perodua is a leading...
    LG-led consortium to build EV battery plant in Indonesia to supply Hyundai
    A consortium led by the South Korean conglomerate LG and Indonesia Battery Corp. will build an electric vehicle (EV) battery plant in Indonesia, according to a report by Nikkei Asia on 25 May. The USD1.2-billion battery plant will be constructed in the Kota Deltamas industrial area in Bekasi, West J...
    26-May-2021 News Investments
    Vingroup JSC boosts production of EVs
    Vingroup JSC is increasing its production of electric vehicles (EVs) and shutting down its electronics devices’ unit VinSmart, the Bloomberg Quint reported on 9 May. The company believes the closure of VinSmart will allow Vingroup to “mobilize all resources” in the development of its car makin...
    25-May-2021 News Investments
    AI startup Mihup partners with Harman for voice assistants in Tata cars
    Mihup Communications Pvt. Ltd., a startup specializing in the area of artificial intelligence (AI) technologies, has partnered with audio electronics company Harman International for voice assistants in Tata Motors’ cars, according to a report by ET Auto on 24 May. The solution is currently availa...
    Apollo Tyres resumes operation at Kerala plant
    Apollo Tyres has announced that it has received permission to resume operations at its plant situated at Perambra in Kerala, India, from 21 May, according to an Economic Times report. Significance: On 17 May, the company had reported the that it was closing the Perambra plant till 23 May, in acco...
    EV charging startup Magenta EV Solutions raises USD15 million in Series A funding
    India-based electric vehicle (EV) charging startup Magenta EV Solutions (Magenta) has raised INR1.2 billion (about USD15 million) in Series A funding, according to a report by Autocar Professional on 20 May. The round was led by Indian-American cardiologist, philanthropist billionaire and serial ent...
    Apollo Tyres gets ISO/IEC 17025 certification from NABL
    Apollo Tyres has been accredited with ISO/IEC 17025 for the wet grip and coast by noise tire tests on the track, according to a company press release on 17 May. The development comes on the heels of Apollo Tyres’s collaboration with Global Automotive Research Centre (GARC) to lead the indigenizati...
    Bosch halts production at its plant in Nashik, India until 23 May
    Bosch has announced the suspension of operations at its Nashik plant in the Western Indian state of Maharashtra from 12 May until 23 May. The suspension is owing to a government-mandated lockdown to combat the rising number of COVID-19 virus infections. In a press release dated 12 May, Bosch said...
    Apollo Tyres reports 6% y/y revenue growth in FY 2021 to USD2.3 billion
    Indian tiremaker Apollo Tyres has reported a 6% year-on-year (y/y) increase in consolidated revenue from operations to INR174 billion (USD2.3 billion) for the fiscal year (FY) ended 31 March 2021, according to a company press release on 12 May. The company’s profit before taxes, however, declined ...
    Lumax to set up lighting design center in Europe
    India-based Lumax Industries has announced plans to set up a new lighting design center in Europe, according to a report by Autocar Professional on 14 May. The new European design center is on track to be commissioned in the third quarter of fiscal year (FY) 2022. The European design studio is set t...
    17-May-2021 News Investments
    Indian government approves USD2.46-billion scheme for advanced chemistry cell batteries
    The government of India has approved an INR18,100 crore (approximately USD2.46 billion) production linked incentive scheme for manufacturing advanced chemistry cell (ACC) batteries in the country. According to a report filed by news publication Economic Times on 12 May, the proposal, which has th...
    14-May-2021 News Investments
    IT solution provider SRM Tech partners with AUTOSAR
    SRM Technologies has partnered with Automotive Open System Architecture (AUTOSAR) as per the press release on the official website dated 6 May. The partnership aims to help take forward concepts such as autonomous driving technology, connected vehicles, electrification of the power train, and shared...
    ABB to install 124 DC fast charging stations in Thailand
    ABB has won a contract from the Provincial Electricity Authority (PEA) in Thailand to install more than 120 fast-charging stations for electric cars across the country by the end of 2021. Specifically, 124 units of ABB’s Terra 54 fast-charging station will be installed at 62 filling stations ow...
    14-May-2021 News Investments
    Motherson Sumi receives shareholders nod for proposed restructuring
    Motherson Sumi Systems Ltd. (MSSL) said in a regulatory filing on 30 April that the public shareholders (non-promoter) have voted in favor of the proposed restructuring. Upon completion of the proposed reorganization, two growth focused listed companies will emerge: Motherson Sumi Wiring India Ltd. ...
    EVLOMO, Rojana Industrial Park to set up 8 GWh lithium battery plant in Thailand
    EVLOMO and Rojana Industrial Park Public Co., Ltd. have announced plans to set up an 8 gigawatt-hours (GWh) lithium-ion (Li-ion) battery plant in the Eastern Economic Corridor (EEC) of Thailand, according to a company press release. The companies will together invest up to a total of USD1.06 bi...
    Thailand to go all-in on EVs from 2035
    Thailand has announced that it has plans to allow only zero-emission vehicles from the year 2035 onward. According to a report filed by news agency Hindustan Times on 22 April, the Thai government’s earlier plan was to have electric vehicles (EVs) accounting for 30% of all new vehicle registration...
    Australian government allows EcoGraf to develop high purity spherical graphite plant
    The Australian government has awarded Major Project Status to the EcoGraf Battery Anode Materials Facility in Western Australia, PV Magazine reported on 20 April. EcoGraf will develop a processing facility for high purity spherical graphite. It will supply directly to battery anode manufacturers in ...
    Omega Seiki signs agreement with C4V to manufacture solid-state batteries in India
    India-based Omega Seiki, part of Anglian Omega Group of companies, has signed a Memorandum of Understanding (MoU) with US-based C4V to manufacture solid-state batteries in India, reports Autocar Professional. C4V told Autocar Professional that its battery manufacturing plant would start supplie...
    27-Apr-2021 News Investments
    FM Logistic India deploying its first batch of EVs in Bangalore
    FM Logistic India is deploying its first batch of electric vehicles (EVs) in the southern Indian city of Bengaluru for the intracity last-mile delivery, Business Standard reported on 12 April. The first batch comprises 3-wheelers from with a load capacity of 500 kg.  The vehicles need about ...
    EVLOMO, PTT Oil and Retail Business launch their first DC Fast charging station in Thailand
    EVLOMO and PTT Oil and Retail Business PLC have launched their first DC Fast charging station at PTT Station, in Ban Chang, Rayong, Bangkok, Thailand, according to a company press release on 12 April. Significance: EVLOMO will install over 1,000 new fast chargers to push electric vehicle (EV) ado...
    13-Apr-2021 News Investments
    Tesla recalls 2,508 vehicles in Australia over eMMC malfunction
    Tesla is recalling 2,508 vehicles in Australia over an issue with embedded Multimedia Card (eMMC), according to a recall notice on the Australian Competition and Commission (ACCC) website on 8 April 2021. The recall affects model year (MY) 2014–18 Tesla Model S and MY 2016–18 Tesla Model X equip...
    13-Apr-2021 News Recalls
    Vodafone-Idea unveils IoT solutions for automotive industry
    Vi Business, the enterprise arm of Vodafone Idea Ltd (VIL), has launched integrated Internet of Things (IoT) solutions for enterprises. Vodafone Idea says it is the largest IoT player in India and this launch has further strengthened its portfolio by providing a comprehensive range of IoT ...
    12-Apr-2021 News New Products
    BMW recalls 16,850 vehicles in Australia over issue with blower controller
    BMW has issued a recall of 16,850 vehicles in Australia over an issue with the blower controller, according to a recall notice on the Australian Competition and Commission (ACCC) website on 12 April 2021. The recall affects model year (MY) 2007–10 BMW E70 X5 and BMW E71 X6 vehicles. Significanc...
    12-Apr-2021 News Recalls
    Porsche, Shell to establish high-performance charging network in Southeast Asia
    Porsche Asia Pacific and Shell will implement Southeast Asia’s first cross-border high performance charging network. According to a press release issued by Porsche on 6 April, the companies will jointly set up 12 charge points at six Shell stations located along Malaysia’s North-South highway, o...
    Updated MINI app to be launched in 21 countries worldwide
    The MINI App—first introduced in July 2020 and launched in 33 markets (mainly in Europe), has been updated and now made available in the United States, Russia, Japan, Australia, and 17 other countries, and will be offered in Mainland China from April 2021, according to a company press release...
    01-Apr-2021 News Investments
    Minda Industries’ subsidiary to expand alloy wheel production capacity in India
    Minda Industries, flagship company of UNO MINDA Group, has announced that its subsidiary, Minda Kosei Aluminum Wheel Private Limited, will expand its four-wheeler alloy wheel capacity in India, according to company filing with BSE on 27 March. The capital expenditure for the capacity expansion will ...
    31-Mar-2021 News Investments
    Lumax Industries to establish new plant in Gujarat, India
    Lumax Industries has announced that the company will invest INR800 million (USD10.9 million) to open a new manufacturing plant in Sanand, Gujarat, in India, according to BSE filing by the company on 26 March 2021. The company has not provided further details including products to be produced at...
    31-Mar-2021 News Investments
    Minda Industries to set up new lighting plant in Gujarat, India
    Minda Industries will set up a new lighting manufacturing plant at Bhagapura, Gujarat in India to address rising demand for four-wheeler automotive lighting, according to a regulatory filing on 27 March. to this end, the company plans to invest INR896.9 million (USD12 million). The plant is expected...
    30-Mar-2021 News Investments
    SP Group, Chevron Singapore join hands to offer fast EV charging
    SP Group (SP) and Chevron Singapore Pte. Ltd., which operates the Caltex refuelling stations in Singapore, have announced a partnership to offer fast electric vehicle (EV) charging at selected Caltex service stations, SP said in a press release on 22 March 2021. The move will see fast chargers at...
    Mazda recalls 2,668 vehicles in Australia over issue with boot's power liftgate
    Mazda has issued a recall of 2,668 vehicles in Australia over an issue with boot’s power liftgate, according to a recall notice on the Australian Competition and Commission (ACCC) website on 21 March 2021. The recall affects model year 2020 Mazda CX-30 (DM) Astina vehicles. Significance: In&nbs...
    29-Mar-2021 News Recalls
    2021 Bangkok Motor Show: Great Wall Motor premiers Haval H6 hybrid SUV
    Great Wall Motor (GWM) hosted the world premiere HAVAL H6 Hybrid SUV at the 42nd Bangkok International Motor Show, along with showcasing others such as ORA Good Cat, ORA Black Cat, POER EV, and “Concept H”, according to a press release on 23 March. The All New HAVAL H6 Hybrid SUV will be launche...
    UNO MINDA increases stake in Tokai Rika Minda JV to 30%
    UNO MINDA has increased its stake in Tokai Rika Minda India Private Limited (TRMN) joint venture (JV) from 12.86% to 30%, the Indian supplier said in a regulatory filing on 24 March 2021. TRMN is JV company between UNO MINDA Group and Japan-based Tokai Rika Co. Ltd. Significance: TRMN is eng...
    Indian government notifies rules for mandatory recall of defective vehicles
    The Indian government has notified its recall policy for defective vehicles by automakers, The Economic Times reported on 17 March. According to the notification by the Ministry of Road Transport and Highways (MORTH), automakers will have to recall vehicles in case the number of complaints about a d...
    18-Mar-2021 News Recalls
    MG Motor India, IIT’s CART collaborate to research electric, autonomous vehicles
    MG Motor India has collaborated with IIT Delhi’s Centre for Automotive Research and Tribology (CART) for research around electric and autonomous vehicles, according to a company press release on 15 March. The partnership which has been formed through Foundation for Innovation and Technology Transf...
    M&A: Bharat Forge acquires 100% stake in Kalyani Powertrain
    Bharat Forge has acquired a newly formed company within Kalyani Group named Kalyani Powertrain Private Limited (KPPL), according to a BSE filing by Bharat Forge on 16 March 2021. KPPL has been formed with an aim to develop electric powertrain transmission systems for the automotive sector. KPPL has ...
    Indian supplier UNO Minda Group realigns business domains
    Indian supplier UNO Minda is realigning its business domains to be future-ready, according to a regulatory filing by the company on 15 March. The company has been working on ‘Organization & Business Transformation’ project for last few months in partnership with a global consulting firm. The...
    Igarshi Motors to divest stakes in Bosch Electrical Drives India
    Igarshi Motors India announced that its board of directors approved the proposal for sale of entire investment of the company held in Bosch Electrical Drives India Private Limited (BEDIPL), according a filing with National Stock Exchange (NSE) on 10 March. The deal is expected to complete on or befo...
    Kumho Tires plans USD297.8 million investment to nearly double capacity at Vietnamese plant
    Kumho Tire under ownership of China’s Doublestar Tyre has pledged USD297.8 million to nearly double the capacity at its tire plant in Vietnam to sustain exports to North America while avoiding hefty US tariffs, according to a regulatory filing. The company’s Chinese owner Doublestar also plan...
    15-Mar-2021 News Investments
    HPCL to install EV chargers at selected fuel pumps across India
    Indian state-run petrochemical firm, Hindustan Petroleum Corporation Ltd. (HPCL), has announced that it will install charging stations for electric vehicles (EVs) at some of its fuel pumps across India. According to a report filed by news agency Mint on 11 March, the EV chargers, which are branded a...
    Singapore to end registration of new diesel cars by 2025
    Singapore has announced that the registration of new diesel cars and taxis in the country will cease from 2025. According to a report filed by Singaporean news agency Channel News Asia on 4 March, this announcement came from the country’s Minister for Transport, Ong Ye Kung, and it is being done&n...
    Sintercom India raises fund from Miba group
    Sintercom India Limited (Company) has raised funds on a preferential private placement basis in the form of equity shares and compulsory convertible debentures (CCDs) from one of its promoters Miba Sinter Holding GmbH & CO KG (Miba), according to a press release on 5 March 2021. The funds raised...
    Indian government makes front passenger airbag mandatory in all new cars from 1 April
    The Indian government has made fitment of airbag for front passenger seat mandatory in all new cars from 1 April, Autocar reported on 7 March. The existing cars on sale will have time till 31 August 2021 to comply with new rule. Significance: In India, airbag fitment is already mandatory for the ...
    Dow launches thermal conductive silicone for EV battery assembly in Thailand
    A global materials science company, Dow Thailand Group has launched a silicone-based high-performance and low-density thermal conductive gap filler for EV battery packs in Thailand, according to the company press release. The product is called DOWSIL™ TC-5515 LT and the company claims that it help...
    11-Mar-2021 News New Products
    Ouster partners with Benchmark Electronics to ramp up lidar sensor production
    Ouster, Inc., a leading provider of high-resolution digital lidar sensors, has partnered with Benchmark Electronics, a strategic contract manufacturer, to ramp up lidar sensor production, according to a company press release on 5 March. Benchmark’s global expertise in microelectronics, optics, ...
    Indian supplier Lumax planning to enter HVAC panel business
    Lumax Industries announced that the company is planning to expand its product portfolio with introduction of HVAC panel, according to investor call on 1 March 2021. To this end, Lumax is partnering with Stanley Electric for HVAC panel. The Indian supplier could start the production in late FY 2022 f...
    Vinfast, ProLogium to set up JV to develop solid-state EV battery pack in Vietnam
    Vinfast and ProLogium have signed a memorandum of understanding (MOU) to set up a joint venture (JV) in Vietnam for developing electric vehicle (EV) solid-state batteries (SSB), ProLogium announced in a press release on 3 March. The batteries will be equipped in Vinfast’s EVs.  Debuted fou...
    EVLOMO plans USD50 million investment to establish EV charging network in Thailand
    EVLOMO, Inc., a Florida-based company working in the EV sector has planned to roll out a network of over 1,000 EV chargers across Thailand over the next five years. According to a press release issued by EVLOMO on 2 March, the company will do this through its affiliate in Thailand, EVLOMO Technologi...
    03-Mar-2021 News Investments
    Enel X to set up EV charging infrastructure JV with Sterling and Wilson in India
    Enel X is set to establish an electric vehicle (EV) charging infrastructure joint venture (JV) with Sterling and Wilson (SWPL) in India, the company announced in a press release on 26 February. The 50:50 JV will market and distribute products, including JuiceBox and JuicePump, which have been licens...
    MG Motor to invest USD27 million for localizing electronics components in India this year
    MG Motor has announced plans to invest around INR2 billion (USD27 million) to localize automotive electronics components in India, Autocar India reported on 27 February. The SAIC-owned brand is looking to enhance localization levels in the Hector SUV from an average of 70% to up to 80% by this year...
    Indian supplier Spark Minda Group establishes new subsidiary for EV components
    Spark Minda announced that it has incorporated a 100% wholly owned subsidiary company in India for design, development and manufacturing of electric vehicle (EV) parts and components, according to a regulatory filing by the company on 23 February. The new company is called “Spark Minda Green ...
    Amar Raja Batteries opens tech hub in India to develop Li-ion cells for EVs
    Indian battery supplier Amar Raja Batteries has opened a technology hub to develop lithium-ion (Li-ion) battery cells for electric vehicles (EVs) at its Tirupati facility in Andhra Pradesh, Business Standard newspaper reported on 21 February. The company has invested INR200 million (USD2.75 mil...
    22-Feb-2021 News Investments
    Singapore to set up 60,000 EV charging points by 2030
    The Singapore government is planning to set up 60,000 electric vehicle (EV) charging points in the country by 2030, South China Morning Post reported on 17 February. Singapore expects plug-in electric vehicles (PEV) to account for one-third of total car sales in Singapore by 2030, according to ...
    Seeing Machines, ams collaborate to develop VCSEL illumination for interior monitoring system
    Seeing Machines has announced results of an ongoing partnership with Austria-based sensor specialist ams that aims to refine and optimize infrared illumination solutions for interior monitoring, according to a press release on 18 February 2021. ams is a supplier of vertical cavity surface emittin...
    19-Feb-2021 News New Products
    Toyo Tire to close Silverstone plant in Malaysia in June 2021
    Japan-based Toyo Tire Corporation announced plans to is end production at its wholly-owned Malaysian tire manufacturing subsidiary Silverstone Bhd located in Perak by June 2021, according to a report by Tyre Press on 15 February. Subsequently, the company also intends to dissolve the subsidiary once...
    Autoliv to build new inflator manufacturing plant in India
    Automotive safety systems supplier Autoliv has announced plans to build a new inflator manufacturing plant in India, according to a company press release on 16 February 2021. The new inflator plant will be built close to Chennai to cater to demand for airbags in the country. "The establishment of...
    17-Feb-2021 News Investments
    Energy Absolute receives loan from ADB to set up EV charging stations in Thailand
    Energy Absolute (EA) has received a green loan of around THB1.5 billion (USD50 million) from the Asian Development Bank (ADB) for setting up electric vehicle (EV) charging stations in Thailand, Bangkok Post reported on 13 February citing EA deputy CEO Amorn Sapthaweekul. EA aims to increase its numb...
    Lumax’s Q3 revenue up 16.4% y/y to USD60.9 million
    Lumax Industries has reported a 16.4% year-on-year (y/y) growth in revenue to INR4.4 billion (USD60.9 million) for the third quarter ended 31 December 2020, according to a regulatory filing by the company on 11 February. Profit before tax amounted to INR352.6 million, up 40% y/y. net profit for the ...
    Tesla to set up manufacturing unit in Indian state Karnataka
    Tesla is planning to set up its manufacturing unit in Karnataka in India, Reuters reported on 14 February citing a government document. However, it is not certain when the construction of the plant is expected to start.  “The US firm Tesla will be opening an electric car manufacturing un...
    15-Feb-2021 News Investments
    Yokohama Rubber to expand tire mould production capacity in Thailand
    The Yokohama Rubber Co., Ltd, announced that its domestic tire mold production subsidiary Yokohama Mold Co., Ltd. (YMC) will expand production capacity at Yokohama Mold (Thailand) Co., Ltd., the Group’s mold production subsidiary in Thailand. According to a press release issued by Yokohama Rubber ...
    15-Feb-2021 News Investments
    Varroc’s Q3 revenue grows 24.5% y/y to USD476.6 million
    Varroc Engineering has reported a growth of about 27% year on year (y/y) in revenue from operations to INR34.9 billion (USD476.6 million) for the third quarter ended 31 December 2020, according to a regulatory filing on 9 February. Net loss for the quarter stood at INR1.3 billion compared with net p...
    EcoGraf to set up battery graphite facility in Australia
    EcoGraf Limited will set up a battery graphite facility in Western Australia. According to a company press release on 8 February, the company has authorized GR Engineering Services Limited to undertake works for the detailed engineering design for the construction of its new 20,000 tpa battery graph...
    10-Feb-2021 News Investments
    Apollo Tyres' Q3 2020 sales rise 14% y/y to USD681.32 million
    Apollo Tyres’s sales grew 14% year-on-year (y/y) to INR49.6 billion in the third quarter ended 31 December 2020, the company announced in a press release on 3 February. Operating profit was up 91% y/y to INR10.5 billion and net profit grew 155% y/y to INR4.4 billion. Sales of APMEA segment grew...
    Minda Kyoraku to expand blow moulding parts plant in Bangalore, India
    Minda Industries has announced that its subsidiary Minda Kyoraku will expand its plant for blow moulding parts plant in Bangalore, India, according to a regulatory filing by the company on 4 February. The company plans to invest approximately INR872.9 million (USD11.9 million). The expanded plant is...
    09-Feb-2021 News Investments
    Apollo Tyres launches Amazer XP tire for passenger vehicles
    Indian tire manufacturer, Apollo Tyres, has launched the Amazer XP tire lineup, which are BS6-compliant and intended for use with fuel efficient passenger vehicles and electric vehicles (EVs). According to a press release issued by Apollo Tyres on 5 February, this new tire designed and developed wit...
    09-Feb-2021 News New Products
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