At the World Smart Industry Expo (WSIE) 2025 in Chongqing, FAWER Automotive Parts Limited Company (FAWER) exhibited products covering eight core sectors, namely, chassis systems, intelligent suspension systems, intelligent steering systems, thermal management systems, pumps, passive safety systems, powertrains, and f
On September 3, during its 56th meeting, the GST Council approved comprehensive tax reforms for India’s automotive industry. Key changes include:
Small petrol, LPG, and CNG cars (≤1,200 cc, ≤4,000 mm): GST cut from 28% to 18%.Diesel cars (≤1,500 cc, ≤4,000 mm): GST cut from 28% to 18%.Motorcycles (≤350 cc) and three-
On August 29, it was reported that Ampure inaugurated a new production line at its Silao, plant in Mexico.
Alongside, the plant secured the prestigious Ford Q1 certification, awarded globally to top-performing suppliers. The USD 4 million expansion will generate over 300 direct jobs, reinforcing Guanajuato’s position
Ford Motor Company has announced a recall affecting 103,174 Ford F-150 trucks from model years 2023 through 2025, produced between January 2, 2023, and May 21, 2025. The affected vehicles, equipped with the Trailer Tow Max Duty package and a 9.75-inch heavy-duty ¾ float axle, may experience a defect where the rear ax
At an event hosted at Ford’s Louisville Assembly Plant in Kentucky on August 11, 2025, Ford introduced the new Ford Universal EV Platform. The platform was developed by a skunkworks team in California and will enable Ford to provide a family of affordable, electric, software-defined vehicles. The first model using th
On August 11, 2025, Ford Motor Co. announced the new Ford Universal EV Production System for the assembly of its new Ford Universal EV Platform. Ford aims to initially implement the new production system at the Louisville Assembly Plant in Kentucky.
Instead of a traditional assembly line, the Ford Universal EV Produc
On July 28, Automobile Technologies announced that it has started the full-cycle serial production of the Haval M6 model at the Avtomobilnye Tekhnologii plant.
A new flow control system was developed, and components were adapted for mass production. The procedures for updating parts and production systems were implem
On July 14, the British High Commission to Ghana, in a social media post, stated that the British High Commissioner to Ghana visited Springs and Bolts in Kumasi, where UK-backed investment is powering Ghana’s first fasteners manufacturing plant and a new automotive hub. With support from the UK-funded Ghana Jobs and
On July 9, Gabriel India Limited announced that it will enter a joint venture with South Korea-based Jinos Co., Ltd. by subscribing to equity shares of Jinhap Automotive India Private Limited (JAIPL). Gabriel India will invest INR 268.3 million to acquire a 51% stake in JAIPL, making it a subsidiary of the company. T
On March 28, Vimi Fasteners announced the supply of special screws for engines used by European supercar manufacturers. The company has a long tradition of supplying high-performance engine fastening systems, with products such as connecting rod bolts, head studs, and flywheel bolts.
Vimi Fasteners' R&D on titanium
On February 12, Karnataka hosted the Invest Karnataka 2025 Global Investors Meet, bringing together policymakers, industry leaders, and investors. The event saw a total of 15 Japanese firms sign memorandums of understanding (MoUs) and pledge INR 75 billion to the Karnataka government.
Toyota Kirloskar Motor Private
On March 4, Michigan Governor Gretchen Whitmer began a five-day investment mission in South Korea and Taiwan, announcing also the opening of the Michigan Taiwan Office, focusing on securing investments in key industries including automotive, semiconductors, renewable energy and advanced manufacturing.
During the Mich
In an investor update, Sundram Fasteners Limited announced during Q2 FY2024 ending September, that in the EV business, it has started off with manufacturing bevel gears and pins. It is also making fasteners for power train components and various kinds of shafts that go into e-axle and E-drive. It already has a couple
On July 19, the Ministry of Economy and Industry, Bulgaria announced that Dutch company Nedschroef has opened a new plant for the production of high-tech, critical components for cars in Stara Zagora with an investment of over BGN 50 million. The 30,000 square meters plant was designed and executed by the German divi
Sundram Fasteners Limited announced that it has already spent approximately INR 3 billion this year in Capex and is expected to spend the targeted INR 10 billion in the next couple of years, leaving a balance of INR 7 billion. The company's expansion plans are primarily focused on wind energy and hot forging vertical
Sundram Fasteners Limited (SFL) announced that its powertrain components division has received the prestigious supplier of the year award from General Motors (GM) at its 31st annual supplier of the year awards. This marks the tenth time that SFL has received the award. SFL's range of products includes key automotive
Reported on February 14, 2023, Boltun Vietnam’s fastener and stamping articles manufacturing project has earned an Investment Registration Certificate worth USD 165 million.
This project, funded by Taiwan-based Boltun Corporation, one of the world’s largest suppliers of auto fasteners and metal parts, and QST Interna
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