Autocar_Professional India Online News – Page 1533

Foxconn unit in talks for US$ 200 million components plant in India’s Tamil Nadu: Report

A Foxconn unit is currently in talks with Tamil Nadu to invest approximately US $200 million for building a new plant for electronic components, Reuters reported, citiing two persons in the know. This comes close to the heels of the semiconductor company’s recent decision to withdraw from a US$ 19.5 billion semiconductor joint venture with… Continue reading Foxconn unit in talks for US$ 200 million components plant in India’s Tamil Nadu: Report

Foxconn unit in talks for US$ 200 million components plant in India’s Tamil Nadu: Report

Semiconductor PLI to help India do in 10 years what China did in 30: Rajeev Chandrasekhar: PTI

India is on track to becoming a key player in the global semiconductor supply chain in the next decade with US$ 10 billion of incentives and assistance provided to encourage local chip manufacturing, Union minister Rajeev Chandrasekhar said on Thursday. The production-linked incentive scheme last year attracted firms like Vedanta and Taiwan’s Foxconn, who promised… Continue reading Semiconductor PLI to help India do in 10 years what China did in 30: Rajeev Chandrasekhar: PTI

Sona Comstar traction motor sales dip as FAME-II subsidies cut

The impact of reduction in fame-2 subsidies is now getting percolated to EV component suppliers. Sona Comstar, a leading automotive component supplier, witnessed a reduction in its traction motor sales on account of lower production by the electric two-wheeler OEMs. Vivek Vikram Singh, MD and Group CEO of Sona Comstar, said, “The reduction in FAME-II subsidies… Continue reading Sona Comstar traction motor sales dip as FAME-II subsidies cut

Tata Elxsi joins eSync Alliance

Tata Elxsi, a digital-enabled technology service provider for the automotive industry, has joined the eSync Alliance, a global automotive initiative to standardise over-the-air (OTA) updates and diagnostics. Tata Elxsi is positioned to empower the automotive industry amidst the shift towards Software-Defined Vehicles (SDVs), as automotive manufacturers and suppliers seek partnerships to unlock emerging technologies like… Continue reading Tata Elxsi joins eSync Alliance

Maruti Suzuki Driving School trains 2 million learners

Maruti Suzuki has announced that its driving training school – Maruti Suzuki Driving School (MSDS) has enrolled 2 million learners under its driving training programme. MSDS commenced operations in 2005, with the objective of offering driving curriculums for its learners, which include novice learners, as well as those who wish to brush up on their driving… Continue reading Maruti Suzuki Driving School trains 2 million learners

Simplilearn witnesses 123% rise in AI/ML programme enrollments

Online learning platform Simplilearn has witnessed a 123 percent rise in its artificial intelligence and machine learning programmes. The dynamic shift in the technology job market has contributed to this trend, with working professionals displaying immense interest in Simplilearn’s AI/ML programmes. Notably, the US market has seen demand rise by approximately 87 percent, while India has… Continue reading Simplilearn witnesses 123% rise in AI/ML programme enrollments

Praj Industries bags 5 CBG project from a business conglomerate during Q1FY24, to be completed in 15-18 months

Pune-based Praj Industries claims to have received confirmation for setting up five projects for compressed biogas (CBG) from a business conglomerate. It is expected to be completed in 15–18 months, the company said on Wednesday. The company did not reveal the name of the customer. The development comes even as the Centre launched the National Biofuels Policy and Sustainable… Continue reading Praj Industries bags 5 CBG project from a business conglomerate during Q1FY24, to be completed in 15-18 months

ArcelorMittal Nippon Steel (India) expects expansion from debottlenecking at Hazira plant to reach 15 Mt in 1H2026

Globally Integrated steel and mining company, ArcelorMittal Nippon Steel India anticipates reaching a capacity of 8.6 Mt (million tonnes) annually, by the end of 2024. This is before increasing the capacity to 15 Mt in the first half of 2026 at the Hazira plant, including in automotive downstream and iron ore operations, at an investment of… Continue reading ArcelorMittal Nippon Steel (India) expects expansion from debottlenecking at Hazira plant to reach 15 Mt in 1H2026