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    IHS Markit launches 2021 OEM-Supplier Relations (SuRe) survey
    The automotive industry’s global survey of OEM-supplier relations has returned, giving tier-one suppliers the opportunity to express their views and opinions on their relationship with every major OEM from today (April 12). IHS Markit's unique SuRe (Supplier Relations) Index scores and ranks OE...
    12-Apr-2021 News OEM Purchasing Pinned
    Android’s grip tightens on automotive OS
    Android Automotive has taken the automotive headunit by storm. From its initial introduction in early 2017 until now, six global automakers across more than 10 brands have signed on, accounting for nearly one-fifth of all vehicles once fully rolled out. The significance of Android Automotive lies wi...
    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
    Kia starts pilot of last-mile delivery service for future PBV business in Singapore
    Kia has started the pilot of its last-mile delivery service for its future Purpose Built Vehicle (PBV) business in Singapore, the company announced in a press release on 2 February. Kia has partnered with cold chain startup ‘S.lab Asia Inc.’ The two companies will be  using the Niro EV, whi...
    Indonesia receives investment proposal from Tesla, says official
    Indonesia has received an investment proposal from Tesla, Septian Hario Seto, deputy head for Investment and Mining Coordination at the Indonesian government told reported on 5 February. “I received their proposal yesterday morning... next week we will meet them (virtually) to get an official expl...
    08-Feb-2021 News Investments
    Marelli Talbros Chassis Systems to supply BIW parts to European OEM
    Marelli Talbros Chassis Systems, a joint venture (JV) company between Italy-based Sistemi Sospensioni SPA (a company of the Magneti Marelli Group) and India-based Talbros Automotive Components, has secured a multiyear order from a large European car manufacturer, according to a report by Autocar Pro...
    CEAT to supply OE tires for new Renault Kiger in India
    CEAT Tyres will supply tires as original equipment (OE) fitment for Renault’s newly launched Kiger model, according to a report by Autocar Professional on 28 January 2021. CEAT will supply its SecuraDrive range of tires in 195/60R16 size for all-models of the Renault Kiger. Amit Tolani, CMO, CE...
    Policy: Indian government approves new Vehicle Scrappage Policy
    The Indian Ministry of Road Transport and Highways (MORTH) has approved a new Vehicle Scrappage Policy, The Financial Express reported on 26 January. The policy will allow the central and state governments to scrap their vehicles that are more than 15 years old. It will take effect 1 April...
    Spark Minda appoints Biranchi Mohapatra as CEO for Information and Connected Systems business
    India-based Spark Minda has appointed Biranchi Mohapatra as the CEO for its Information and Connected Systems (Wiring Harness, Sensor, and Cluster Products) business vertical II, according to a press release on 22 January. He has also been appointed as a member to its executive committee of the grou...
    V-Guard India invests in battery startup Gegadyne Energy
    V-Guard Industries Ltd. has informed that the company y’s Board of Directors has approved the proposal of investment in the securities of Gegadyne Energy Labs Private Ltd., according to a company press release on 15 January 2021. The deal, which is valued at INR334 million (USD4.5 million), is exp...
    26-Jan-2021 News Investments
    Hyundai partners with IIT Delhi for research on alternative energy powered vehicles
    Hyundai Motor India Foundation has signed a Memorandum of Understanding (MoU) with Foundation for Innovation and Technology Transfer (FITT)-IIT Delhi for research on electrified vehicles, the company announced in a press release on 20 January. The company has donated a KONA Electric for the research...
    Toyota recalls 2,341 vehicles in Australia over seatbelt issue
    Toyota has issued a recall of 2,341 vehicles in Australia over an issue with the seatbelt, according to a recall notice on the Australian Competition and Commission (ACCC) website on 19 January. The recall affects 806 units of model year (MY) 2020 Toyota Yaris Cross (MXPB10) and 1,535 units of ...
    25-Jan-2021 News Recalls
    Daicel to establish first airbag inflator plant in India
    Japan-based Daicel Corporation has announced plans to establish a new production site in India to meet the growing demand for airbag inflators in the country, according to a company press release on 12 January. The company will build the new plant at the OneHub Chennai Industrial Park in Tamil Nadu,...
    19-Jan-2021 News Investments
    MG Motor, Tata Power expand fast EV charging network in Mangalore, India
    MG Motor, along with Tata Power have set up a new electric vehicle (EV) public charging station in Indian city of Mangalore, Autocar Professional reported on 14 January. The station features a 60-kW fast charger and is available to all vehicles compatible with CCS fast-charging standard. “As techn...
    Rajasthan Electronics & Instruments to install more than 4,000 EV chargers in India
    Rajasthan Electronics and Instruments (REIL) is set to install more than 4,244 electric vehicle (EV) chargers across India, Moneycontrol.com reported on 8 January. State-owned REIL has given the contract for the installation to Okaya Power. "REIL, a mini ratna company, has given contract for supply,...
    Tesla forays into Indian market, registers subsidiary company
    Electric vehicle (EV) manufacturer Tesla has forayed into the Indian market and has registered a new subsidiary in India, named Tesla India Motors and Energy, Times of India reported on 13 January. The subsidiary, which is headquartered in Bengaluru, has appointed three directors and has an aut...
    JK Tyre partners with Hyundai India to supply tires for Creta SUV
    Indian automotive tire manufacturer, JK Tyre & Industries Ltd., has announced that it has tied up with Hyundai Motor India. According to a press release issued by JK Tyre on 6 January, the company stated that it will be supplying OE fitment tires for the Hyundai Creta crossover SUV in India. For...
    Rico Auto acquires stake in Metalart Friction
    Indian auto parts supplier has acquired a stake in Metalart Friction Private Limited (MFPL), according to a BSE filing by Rico on 30 December. According to the filing, the company has completed the acquisition of 7,000 equity shares having a face value of INR10 each from its existing Promoter Shareh...
    Showa marginally reduces shareholding in Indian JV Munjal Showa to 24.9%
    Japan-based Showa Corporation has reduced shareholding in Indian joint venture (JV) Munjal Showa to 24.9%, according to a BSE filing by Munjal Showa on 30 December 2020. Showa has divested 4,39,973 number of equity shares comprising 1.10% of the paid-up share capital of the JV. After the said dispos...
    LG Energy Solutions signs MOU to build integrated EV battery plant in Indonesia
    LG Energy Solutions has signed a memorandum of understanding (MOU) with Indonesia to invest in an electric vehicle (EV) battery value chain in the country, Reuters reported on 30 December citing Bahlil Lahadalia, head of Indonesia’s Investment Coordinating Board. The total size of the investment d...
    MG Motor, Tata Power install EV fast charger in Indian state Tamil Nadu
    MG Motor and Tata Power together have installed a fast electric vehicle (EV) charger in Coimbatore in Tamil Nadu, India, Autocar Professional reported on 30 December. The 60 kW charger was opened at the local MG dealership. The public EV charging station has a CCS fast-charging socket. “Coimbatore...
    Indian government proposes mandatory fitment of airbag for front passenger on all vehicles
    The Indian government has proposed to make it mandatory for automakers to offer airbags for front passenger in all new vehicles manufactured from 1 April 2021, the Mint reported on 29 December. For existing models produced currently, the new rule become effective from 1 June. Driver airbags are alre...
    Tesla to enter Indian market in 2021
    Tesla is planning to start its operations in India in 2021, according to a report by Reuters on 28 December citing media reports that quoted India’s transport minister Nitin Gadkari. Tesla is expected to begin with only sales and may look at manufacturing only at a later stage. Tesla’s Model 3 i...
    Malaysia approves autonomous vehicle testing routes
    Malaysia has approved two routes in Cyberjaya town for testing autonomous vehicles, The Star reported on 23 December. The routes, stretching 7 km, include a shorter route that loops around Futurise and MaGIC buildings and a longer one that includes Persiaran Apec, Persiaran Cyberpoint, and Persiaran...
    Pakistan announces tax exemptions for EVs
    The Pakistan government has approved a slew of tax cuts for electric vehicles (EV), Dawn reported on 24 December. According to the report, only 1% sales tax will be levied for locally-made EVs with up to 50-kwh battery and light commercial vehicles (LCVs) with up to 150-kwh battery. EVs will also ge...
    Mitsubishi Motors begins production of Outlander PHEV in Thailand
    Japanese vehicle maker, Mitsubishi Motors, has announced that it has commenced production of its Outlander plug-in hybrid sport utility vehicle (SUV) in Thailand. According to a press release issued by Mitsubishi on 22 December, this is the first time that the Outlander PHEV is being manuf...
    24-Dec-2020 News New Products
    Continental secures order from Hyundai in India for digital instrument cluster
    Continental has secured an order to supply digital instrument clusters to Hyundai Motor India for its Venue and Verna models, according to a report by Autocar Professional on 21 December. To fulfil this order, Continental has expanded its production and development capabilities at its manufactu...
    Indian automotive components industry’s turnover in H1 FY 2020/21 drops 34% y/y to USD15.9 billion
    The Indian automotive components industry’s turnover declined 34% year-over-year (y/y) to INR1.19 trillion (USD15.9 billion) in the first half of the financial year (FY) 2020/21, ended 30 September 2020, according to a press release by the Automotive Components Manufacturers’ of India (ACMA) on ...
    Toyota recalls 23,957 vehicles in Australia over issue with brake booster
    Toyota has issued a recall of 23,957 vehicles in Australia over an issue with brake booster, according to a recall notice on the Australian Competition and Commission (ACCC) website on 16 December. The recall affects 1,348 units of model year (MY) 2018 Hilux (GUN122); 595 units of MY 2018 Hilux (GUN...
    21-Dec-2020 News Recalls
    Toyota to launch 10 EVs in Indonesia over next five years
    Japanese carmaker Toyota is planning to launch 10 types of electric vehicles (EVs) in Indonesia over the next five years. According to a report filed by Indonesian news publication Jakarta Globe on 8 December, the company will be doing this as part of a USD2 billion investment pledge that ...
    MG Motors partners with TES-AMM for EV battery recycling in India
    MG Motor India has partnered with TES-AMM for recycling of its MG ZS electric vehicle (EV) batteries, the automaker said in a press release on 14 December. TES-AMM is an e-waste recycling and management company. “At MG, we are on a mission to develop a comprehensive EV ecosystem that supports I...
    BASF, Eramet to jointly assess development of nickel-cobalt refining complex
    BASF and Eramet have entered into an agreement to jointly assess the development of a nickel and cobalt hydrometallurgical refining complex, BASF announced in a press release on 15 December. The plan includes a High-Pressure Acid Leaching (HPAL) plant and a Base Metal Refinery (BMR). The HPAL would ...
    FCA to set up global digital hub in Hyderabad, India
    Fiat Chrysler Automobiles (FCA) will invest USD150 million to set up a new global digital hub in the southern city of Hyderabad in India, Money Control reported on 16 December. The facility is expected to create 1000 new jobs by the end of 2021 and there are plans to increase hiring over the next tw...
    Tesla explores potential investment in EV components in Indonesia
    According to a Reuters report on 12 December, electric vehicle (EV) manufacturer Tesla will send delegations to Indonesia in January 2021 to discuss potential investment in a supply chain for its EVs. Indonesian president Joko Widodo was quoted as saying “it’s very important because we have a...
    14-Dec-2020 News Investments
    Motherson Group invests in startup Aira
    Motherson Innovations Company Limited, the emerging technologies arm of the Motherson Group, has invested in startup Aira, Inc., the latter announced in a press release on 10 December 2020. “Combining Motherson's capabilities and Aira's technology will create synergies that will help automakers in...
    11-Dec-2020 News Investments
    Shortage of imported semiconductors to affect Bosch’s supplies to OEMs in India
    Bosch has said that it has been impacted by a ‘severe supply shortage’ for imported microprocessors, resulting in limited ability to cater to the automotive market demand in India, according to a company press release dated 8 December. Bosch also stated that due to increased safety and hygien...
    Hindalco to set up aluminum extrusion plant in India
    Hindalco Industries Limited, the Aditya Birla Group metals flagship, has announced plans to set up a 34,000-tonne extrusion plant at Silvassa in India, according to a company press release on 7 December. The company plans to invest INR7.3 billion (USD98.8 million) in the project. The Silvassa facili...
    08-Dec-2020 News Investments
    MG Motors launches first EV model MG EP in Thailand
    MG Motors has launched its first electric vehicle (EV) model named ‘MG EP’ in Thailand, according to a company press release on 1 December. The model’s new 50.3-kilowatt (kW) battery provides a driving range of up to 380 kilometers on a full charge. The MG EP can be charged in two ways—norma...
    04-Dec-2020 News New Products
    CEAT supplies OE tires for Nissan Magnite
    CEAT Tyres will supply tires as original equipment (OE) fitment for the Japanese carmaker Nissan’s newly launched compact sport utility vehicle (SUV) ‘Magnite’ in India, according to a report by Autocar Professional on 2 December. CEAT will be supplying the SecuraDrive range of OE tires in 195...
    Orient partners with Ricardo to jointly develop next-generation battery management system
    Orient Technology has partnered with Ricardo to jointly develop next-generation battery management systems (BMS), Ricardo announced in a press release on 1 December. The BMS will be designed, developed, and manufactured by Orient and will incorporate elements of the advanced battery management and c...
    02-Dec-2020 News New Products
    Talbros partners with Japanese supplier Sanwa Packing for aluminum heat shields
    Talbros Automotive Components Limited has entered a technical assistance agreement (TAA) with Japanese Sanwa Packing Industry for lightweight aluminum heat shields ‘Nimbus’, according to a company press release on 27 November 2020. Sanwa is a major provider of heat shield solutions for the autom...
    01-Dec-2020 News New Products
    Australia’s Tasmania State plans 100% electric government fleet by 2030
    Australia’s Tasmania state government has announced plans to transition its entire vehicle fleet to be 100% electric by 2030. In the next 10 years, the Tasmanian government vehicle fleet will comprise of only battery electric vehicles (BEVs), hybrids, plug-in hybrids (PHEVs) and fuel-cell electric...
    Motherson Group partners with UBQ Materials to develop carbon-negative thermoplastics
    Motherson Group has partnered with Israeli cleantech company UBQ Materials to develop carbon-negative thermoplastics, UBQ announced in a press release on 23 November 2020. The companies are joining efforts to implement the carbon-negative UBQ™ thermoplastic into auto parts manufactured by Motherso...
    27-Nov-2020 News New Products
    Okaya wins contract to install 1,020 EV charging stations across India
    Okaya, the flagship company of Okaya Power Group, has won a major World Bank-funded contract from Energy Efficiency Services Ltd (EESL) for the deployment of electric vehicle (EV) chargers in India, according to a report by ET Auto on 25 November citing Press Trust of India. EESL has awarded the con...
    Chinese tire manufacturer Shandong Haohua to establish new plant in Sri Lanka
    Chinese tire manufacturer Shandong Haohua Tire Co. Ltd. will establish a new plant in Sri Lanka, according to a press release on 21 November on news.lk the official government news portal of Sri Lanka. The new plant will manufacture semi steel radial tires and all steel radial tires for trucks, buse...
    26-Nov-2020 News Investments
    Toyota partners with Intelematics for connected vehicles in Australia
    Toyota has announced a partnership with Intelematics, which will see selected Toyota cars feature connected services from later this year, according to a company press release on 25 November. Intelematics’ ASURE product suite will support Toyota’s connected safety and security offerings such ...
    25-Nov-2020 News New Products
    JK Tyre supplies OE fitment tires for Kia Seltos SUV in India
    JK Tyre & Industries Ltd is supplying tires as OE fitment for Kia Motors’ Seltos model in India, the tire manufacturer announced in a press release on 23 November 2020. JK Tyre will equip Kia Seltos with its UX Royale 215/60 R17 radial tire. Commenting on the partnership, VK Misra...
    Tritium launches new scalable EV charging platform
    Electric vehicle (EV) charging solutions company Tritium has launched a new Modular Scalable Charging (MSC) hardware platform for EVs, the company announced in a press release on 17 November. The MSC platform provides customers with the flexibility to increase the power level of their charger as EV ...
    18-Nov-2020 News New Products
    Hyundai launches all-electric Ioniq and Kona in Indonesia
    Hyundai has launched its all-electric variants of Ioniq and Kona in Indonesia, news website Tempo.co reported on 6 November. The Ioniq is equipped with a 39.2-kWh lithium-ion battery, which gives a range of up to 373 km, as per New Year Driving Cycle (as per NEDC). Kona also gets the same battery bu...
    17-Nov-2020 News New Products
    Motherson Sumi Systems’s Q2 revenues down 2.1% y/y to USD2 billion
    Motherson Sumi Systems Ltd. (MSSL) has reported a 2.1% y/y decline in revenues to INR148.45 billion (USD2 billion) for the second quarter ended 30 September 2020, according to a regulatory filing by the company. Profit before tax amounted to INR5.5 billion, down 0.7% y/y. Net profit also declined 12...
    Chargefox opens new, ultra-rapid EV charging station in Western Australia
    Chargefox, Australia’s electric vehicle (EV) network, has opened its first ultra-rapid charging station in Western Australia, according to a company press release on 9 November. The new charging station is located at 10 The Promenade, Australind, Western Australia, 6233. The company also a...
    Hyundai Motor Group, SP Group partner to accelerate EV adoption in Singapore
    SP Group has signed a business cooperation agreement with Hyundai Motor Group (HMG) to accelerate adoption of electric vehicles (EVs) in Singapore, the company said in a press release on 12 November. As part of the agreement, the two partners will jointly develop a new business model for battery lea...
    Bharat Forge’s Q2 revenue down 30% y/y to USD119.4 million
    Bharat Forge has reported a fall of 30% year on year (y/y) in its revenue to INR8.8 billion (USD119.4 million) during the second quarter ended 30 September 2020, according to a regulatory filing by the company on the Bombay Stock Exchange (BSE). Profit after tax for the quarter witnessed a fall of 7...
    Tata Motors delivers 65 Nexon EVs to Kerala government in India
    Tata Motors has delivered 65 units of Nexon electric vehicles (EVs) to the government of Kerala for its Motor Vehicle Department (MVD), as part of its ambitious ‘Safe Kerala’ program, according to a report by Autocar Professional on 7 November. The Kerala MVD will lease the 65 Nexon EVs for a pe...
    Varroc’s Q2 revenue up 7.9% y/y to USD395 million
    Varroc Engineering has reported a growth of 7.9% year on year (y/y) in revenue from operations to INR29.2 billion (USD395 million) for the second quarter ended 30 September 2020, according to a regulatory filing on 10 November. Net loss for the quarter stood at INR387.7 million compared with net pro...
    Minda Corporation’s Q2 revenues down 10.7% y/y to USD88.8 million
    Minda Corporation has reported a 10.7% year-on-year (y/y) decline in sales to INR6.5 billion (USD88.8 million) for the second quarter ended 30 September 2020, according to a regulatory filing by the company on 5 November. Net profit for the quarter decreased 30.6% y/y to INR258 million. EBITDA dropp...
    Maruti Suzuki to recall 40,453 Eeco vans in India over headlamp issue
    Maruti Suzuki India Limited has announced a voluntarily recall of certain Eeco vehicles in India over a headlamp issue, according to a press release on 5 November. The recall affects 40,453 vehicles manufactured between 4 November 2019 and 25 February 2020, in which the headlamp has been replac...
    10-Nov-2020 News Recalls
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