On February 29, Craftsman Automation Private Limited commenced the commercial operations of its new plant at Sriperumbudur w.e.f. 1st March, 2024. The company is a manufacturer of aluminum casting products and powertrain components in automotive and industrial engineering sectors from raw casting to ready-for-assembl
On March 1, Automotive Stampings and Assemblies Limited (ASAL) commenced commercial production at its new manufacturing unit situated at Jamshedpur, Jharkhand on February 29, 2024. ASAL manufactures sheet metal components, welded assemblies, and modules for automobiles. The product range includes body-in-white (BIW)
On March 1, Tata Motors Limited announced that its sales in the domestic and international market for February 2024 stood at 86,406 vehicles, growing by 8% yoy as compared to 79,705 units during February 2023. Its total PV (passenger vehicles) domestic (including EV) sales stood at 51,321 units in February 2024, comp
On March 1, Servotech Power Systems bagged an order of 1,400 DC fast EV chargers from Indian Oil Corporation Limited (IOCL) and other EV charger OEMs. The total order is valued at INR 1.11 billion and involves two charger variants of 60 kW and 120 kW, Servotech will also manufacture and supply the rest of the charger
On February 28, ALD Automotive and LeasePlan unveiled Ayvens, a new global mobility brand in India, which unites the two companies together under a single common identity. Ayvnes has a large multi-brand EV fleet out of its total fleet of 3.4 million vehicles. ALD Automotive India was founded in 2005 whereas LeasePlan
On February 29, Hala Mobility raised debt funding of INR 10 million from Perpetuity Capital with the motive of fleet expansion. It further formed a partnership with the company to finance 500 electric two-wheelers over the next 12 months. It will enable the last delivery drivers and gig economy workers to get access
On February 29, Soduko Electric launched Select 2.2, Rapid 2.2 (RTO models), and (non-RTO model) electric scooters for INR 85,889, INR 79,889, and INR 59,889 respectively. They feature a brushless DC hub motor with 2,300W peak motor power. The scooters comply with FAME II standards and come with fireproof lithium fer
On February 28, JTEKT India announced that it had evaluated and approved capacity expansion for the CVJ (constant velocity joint) line. The CVJ line has a capacity of 0.4 million and is operating at 90% utilization. It has proposed a capacity addition additional 0.4 million to be added by July 2025. The investment re
On February 29, the Union Cabinet of India approved the establishment of three semiconductor units under the development of semiconductors and display manufacturing ecosystems in India. The approved three semiconductor units include a semiconductor fab with 50,000 wafer starts per month (WFSM) capacity which will be
On February 28, Hyundai Motor India Limited (HMIL) announced that it currently fulfills 64% of its energy requirements using renewable sources, and aims to reach the 100% mark, to achieve the RE100 benchmark by 2025. It is prepared to invest over INR 320 billion in the next 10 years since 2023, for the expansion of c
On February 28, NORMA Group announced that it has won business for innovative and lightweight thermal management solutions for electric vehicles in India. NORMA Group will manufacture the cooling water lines at its plant in Pune, Maharashtra, and deliver directly to the customer’s plant also based in Maharashtra.
On February 28, Vitesco Technologies showcased its electrification and power train solutions for different segments in the two-wheeler market at the ACMA Global Summit and Exhibition for EVs. It showcased EMR4, a scalable axle drive consisting of a permanent-magnet synchronous machine, an inverter and reducer, and a
On February 28, Cooper Corporation inaugurated two state-of-the-art units in Satara. The first unit is located at K10- MIDC Satara and will enhance its foundry capabilities. It is equipped with fully automated systems and has a monthly production capacity of 3,500 tonnes. The second unit is situated at E1 – MIDC Sata
On February 28, BYD India opened the bookings for its upcoming Seal sports sedan. The electric vehicle will be launched on March 5, 2024.
BYD mentioned that it will continue to bring efficient green mobility solutions globally, promoting the transformation of electrification, and contributing to the vision of “Cool
On February 28, Gensol Electric Vehicles Pvt. Ltd. (GEVPL), a subsidiary of Gensol Engineering Limited, received Automotive Research Association of India (ARAI) certification for its electric vehicle. The ARAI certification process evaluates a vehicle's performance, safety, and compliance with vehicle regulatory norm
On February 27, JTEKT India Limited announced that it has evaluated and approved capacity expansion for MS-Gear Line. It has an existing capacity of 2 million which is presently running at 90% utilization. It proposes to add a capacity of 0.4 million by July 2025.
The overall investment will be finalized and approved
On February 26, Pricol Limited showcased its EV-ready products and technologies such as the driver information system (DIS), connected vehicle solutions, integrated display and infotainment solutions, telematics, and battery management systems at the EV Expo and Summit 2024, organized by ACMA. Furthermore, it is expl
On February 26, TVS Motors announced that TVS Motor (Singapore) Pte Ltd has agreed to acquire a further 8,000 equity shares for EUR 4 million in Killwatt GmbH. Post the acquisition, the shareholding of TVS Motor (Singapore) Pte Ltd in Killwatt GmbH will be increased from 39.28% to 49%. The acquisition is aligned with
On February 27, Skoda Auto India announced that it will launch an all-new entry-level compact SUV based on the MQB-A0-IN platform and will debut in India in the first half of 2025. The SUV will use excise benefits for under 4-metre cars available in India for pricing. Skoda mentioned that its R&D expertise in India h