Even while requesting the government to be consistent in its policy making, Uday Narang, Founder and chairman of electric vehicle manufacturer Omega Seiki, urged auto companies to refrain from relying solely on the government to navigate their operations, as this could ‘potentially lead to their fall’. Narang, while speaking during a panel discussion on the automotive sector organised… Continue reading Omega Seiki chairman urges auto firms: Don’t solely rely on Government, risking their own fall
Author: Autocar_Professional India Online News
Omega Seiki chairman urges auto firms: Don’t solely rely on Government, risking their own fall
Even while requesting the government to be consistent in its policy making, Uday Narang, Founder and chairman of electric vehicle manufacturer Omega Seiki, urged auto companies to refrain from relying solely on the government to navigate their operations, as this could ‘potentially lead to their fall’. Narang, while speaking during a panel discussion on the automotive sector organised… Continue reading Omega Seiki chairman urges auto firms: Don’t solely rely on Government, risking their own fall
Omega Seiki chairman urges auto firms: Don’t solely rely on Government, risking their own fall
Even while requesting the government to be consistent in its policy making, Uday Narang, Founder and chairman of electric vehicle manufacturer Omega Seiki, urged auto companies to refrain from relying solely on the government to navigate their operations, as this could ‘potentially lead to their fall’. Narang, while speaking during a panel discussion on the automotive sector organised… Continue reading Omega Seiki chairman urges auto firms: Don’t solely rely on Government, risking their own fall
Simmtech Holdings to invest Rs 1,250 crore for semiconductor ecosystem in Gujarat
In what could be a major boost semiconductor ecosystem in India, South Korean semiconductor company Simmtech Holding will invest over Rs 1,250 crore to set up a factory in Gujarat. Simmtech’s announcement follows Micron’s decision to set up a semiconductor assembly and testing facility in the state. Simmtech manufactures high-level PCBs for semiconductors. For the… Continue reading Simmtech Holdings to invest Rs 1,250 crore for semiconductor ecosystem in Gujarat
Simmtech Holdings to invest Rs 1,250 crore for semiconductor ecosystem in Gujarat
In what could be a major boost semiconductor ecosystem in India, South Korean semiconductor company Simmtech Holding will invest over Rs 1,250 crore to set up a factory in Gujarat. Simmtech’s announcement follows Micron’s decision to set up a semiconductor assembly and testing facility in the state. Simmtech manufactures high-level PCBs for semiconductors. For the… Continue reading Simmtech Holdings to invest Rs 1,250 crore for semiconductor ecosystem in Gujarat
Government targets Rs 25 lakh crore for auto sector as part of USD 5 trillion economy goal
The Indian government has set a target of Rs 25 lakh crore for the country’s automobile sector, as part of its USD 5 trillion economy vision, the Union Minister Nitin Gadkari said on Thursday. While a timeliine was not given, the development assumes significance given that the Central government announced in February last year that… Continue reading Government targets Rs 25 lakh crore for auto sector as part of USD 5 trillion economy goal
NIIF’s India-Japan Fund to invest Rs 400 crore at Rs 6,600 crore valuation in Mahindra Last Mile Mobility
India Japan Fund (IJF) has executed a binding agreement with Mahindra & Mahindra, where IJF will invest Rs 400 crore in Mahindra Last Mile Mobility, at a valuation of up to Rs 6,600 crore, resulting in the fund’s ownership ranging between 6.06% and 8.25% stake in MLMML. Mahindra Last Mile Mobility Limited houses M&M’s last-mile mobility business including three wheelers… Continue reading NIIF’s India-Japan Fund to invest Rs 400 crore at Rs 6,600 crore valuation in Mahindra Last Mile Mobility
NIIF’s India-Japan Fund to invest Rs 400 crore at Rs 6,600 crore valuation in Mahindra Last Mile Mobility
India Japan Fund (IJF) has executed a binding agreement with Mahindra & Mahindra, where IJF will invest Rs 400 crore in Mahindra Last Mile Mobility, at a valuation of up to Rs 6,600 crore, resulting in the fund’s ownership ranging between 6.06% and 8.25% stake in MLMML. Mahindra Last Mile Mobility Limited houses M&M’s last-mile mobility business including three wheelers… Continue reading NIIF’s India-Japan Fund to invest Rs 400 crore at Rs 6,600 crore valuation in Mahindra Last Mile Mobility
JLR India achieves 93% YoY growth in record sales over first 9 months of FY24
JLR India has reported three consecutive quarters of record sales, selling 3,582 units and experiencing a year-on-year (YoY) growth of 93% in the nine-month period ending 31 December 2023. Range Rover and Defender continue to lead with a YoY increase of 250% and 150% (YTD), respectively, contributing to over 75% of the current order book.… Continue reading JLR India achieves 93% YoY growth in record sales over first 9 months of FY24
‘Indian designers will understand our market:’ Pratap Bose
During the COVID-19 lockdown period, our sister publication Autocar India prepared a series of videos for young people who wrote to them inquiring how one can be a part of the automotive industry’s most cherished side of the business — designing. The series aimed to address the interests of young individuals aspiring to join the… Continue reading ‘Indian designers will understand our market:’ Pratap Bose