Jio-bp, a joint venture between Reliance Industries and BP, expanded its network to 1,400+ locations across eight cities and important highways in India during the fiscal year 2022-2023. This represents an addition of over 1,000 public charging stations. In its most recent annual report, the corporation stated that it anticipates growing its network multi-fold again… Continue reading Jio-bp adds 1,000+ charging stations in India during FY23, plans multi-fold expansion in FY24
Author: Autocar_Professional India Online News
Timken India’s Jamshedpur plant to shut down for a week as demand slumps
Timken India Limited, a major auto bearing manufacturer, is set to close its Jamshedpur factory for a week from August 25 to September 3 due to poor demand, according to a corporate filing. The news comes just days after the Jamshedpur plant’s TS and roller lines were shut down for scheduled maintenance on July 24-29.… Continue reading Timken India’s Jamshedpur plant to shut down for a week as demand slumps
Bharat Forge lines up capex of Rs 1,000 crore for 2.5 years, defence to hold 10% of revenue by FY24
Bharat Forge, the country’s largest forging company, is eyeing Rs 1,000 crore in capex for its India business in the financial year (FY) 2023-24 until the first half of FY 2025-26 which will be incurred towards core business, electric vehicle components and systems, and defence, a senior company executive said. In the defence business (under… Continue reading Bharat Forge lines up capex of Rs 1,000 crore for 2.5 years, defence to hold 10% of revenue by FY24
TSMC, Bosch, Infineon and NXP plan JV for advanced semiconductor manufacturing in Europe
TSMC (Taiwan Semiconductor Manufacturing Company), Robert Bosch GmbH, Infineon Technologies and NXP Semiconductors have announced a plan to jointly invest in European Semiconductor Manufacturing Company (ESMC) GmbH, in Dresden, Germany to provide advanced semiconductor manufacturing services. ESMC marks a significant step towards construction of a 300mm fab plant to support the future capacity needs of… Continue reading TSMC, Bosch, Infineon and NXP plan JV for advanced semiconductor manufacturing in Europe
MAHLE to premiere bionic battery cooling plate at IAA Mobility 2023
Using nature as a model, MAHLE has reported that it has achieved a technological leap forward with its new battery cooling plate. The group’s engineers have developed a bionic structure – one modelled on nature – for the cooling channels that causes the coolant to flow differently. This significantly improves the thermodynamic performance and structural-mechanical… Continue reading MAHLE to premiere bionic battery cooling plate at IAA Mobility 2023
Antolin supplies lightweight foamed door panel for new Renault Espace
French carmaker Renault and Antolin, which have a longstanding collaboration, have jointly developed technology of chemical foaming for door panel visual application. The technology has now been fully validated, passing standard specification and launched in serial production for the rear door panels of the new Renault Espace. Antolin has been implementing this solution since 2014, when… Continue reading Antolin supplies lightweight foamed door panel for new Renault Espace
Antolin supplies lightweight foamed door panel for new Renault Espace
French carmaker Renault and Antolin, which have a longstanding collaboration, have jointly developed technology of chemical foaming for door panel visual application. The technology has now been fully validated, passing standard specification and launched in serial production for the rear door panels of the new Renault Espace. Antolin has been implementing this solution since 2014, when… Continue reading Antolin supplies lightweight foamed door panel for new Renault Espace
Magna expands lighting division in Mexico after multiple orders from OEMs
Magna has announced the expansion of its lighting division in Querétaro, Mexico following multiple business awards in rear lighting from various automakers. Company officials were joined by customers and local government representatives to celebrate the $17 million expansion investment and groundbreaking on August 10. “Lighting is a growing segment within the mobility industry, playing a… Continue reading Magna expands lighting division in Mexico after multiple orders from OEMs
Government proposes to expand scope of FAME benefits, Rs 40,000 to 50,000 crore incentive under works
In a bid to accelerate the adoption of zero emission vehicles, the Government of India is planning to expand the segment into electric bicycles, quadricycles and large commercial vehicles, besides expanding the corpus for electric two wheelers, three wheelers and passenger vehicles. Sources say that the proposed FAME (Faster Adoption and Manufacturing of Electric and… Continue reading Government proposes to expand scope of FAME benefits, Rs 40,000 to 50,000 crore incentive under works
Honda Cars India profits for FY23 jumps over 521% to a record Rs 1,430 crore
On the back of restructured organisation and improved volumes, Honda Cars India has posted over 521% profit in operation for FY23 at Rs 1430.97 crore. This is the second consecutive year of profit registered by the maker of City and Amaze last fiscal year, having been in losses since FY20. This is the highest-ever profit… Continue reading Honda Cars India profits for FY23 jumps over 521% to a record Rs 1,430 crore