Here is what India’s auto industry can learn from ISRO, according to Dr. Pawan Goenka, Chairman, SCALe, and Chairman, IN-SPACe, Department of Space, to push auto component exports to US$100 billion by 2030 from US$20 billion currently. ISRO recently achieved the distinction of landing the Chandrayaan-3 mission on the moon in addition to launching a… Continue reading Here is what auto industry can learn from Indian Space Research Organisation
Author: Autocar_Professional India Online News
ACMA-McKinsey study urges suppliers to sharpen focus on sustainability for future growth
Sustainability and innovation are the buzzwords in the global automotive industry, which is undergoing a massive transformation to offer environmental-friendly mobility solutions to cut down on global carbon emissions. While the automotive industry is making an accelerated push towards electrified vehicles as well as those than run on alternative propulsion technologies such as biofuels, CNG,… Continue reading ACMA-McKinsey study urges suppliers to sharpen focus on sustainability for future growth
ACMA estimates US$ 8-10 billion opportunity in auto electronics aftermarket
With the growing electrification and the accelerated push towards sustainable mobility solutions, the automotive ecosystem is witnessing a heightened shift towards electronics-intensive parts, for which, there is a growing demand at both the OE level, as well as the aftermarket. While it is poised to cater to the demand for EV-specific components from the OEMs,… Continue reading ACMA estimates US$ 8-10 billion opportunity in auto electronics aftermarket
Gulf Oil announces partnership with India Bike Week
Gulf Oil Lubricants has partnered with India Bike Week 2023, to further its commitment to the country’s motorcycling community. As the presenter of IBW’s flagship intellectual property, the ‘Chai-Pakoda Rides’ Gulf further cements its dedication to enhancing the experiences of bikers and enthusiasts across the country. Amit Gheji, Head Marketing, Gulf Oil Lubricants India said, “As… Continue reading Gulf Oil announces partnership with India Bike Week
Automobile and auto component sectors heart and soul of manufacturing in India, says Amitabh Kant
Manufacturing is key to growing at rapid rates, according to the G20 Sherpa Amitabh Kant. “I really believe that manufacturing has to be the key. Without manufacturing, it is not possible for India to grow at rapid rates. No country in the world has grown on the back of its services sector. It is important… Continue reading Automobile and auto component sectors heart and soul of manufacturing in India, says Amitabh Kant
BRANDED CONTENT: FEV is enabling the shift to connected mobility and cloud computing in future cars
FEV is a globally leading engineering provider and software developer for intelligent, safe and secure mobility applications and systems. Addressing the transformative shift of the automotive industry in recent years, FEV is driving the integration of connected mobility and cloud technologies. These advancements are revolutionising the way, we interact with vehicles, providing enhanced safety, convenience,… Continue reading BRANDED CONTENT: FEV is enabling the shift to connected mobility and cloud computing in future cars
‘India’s passenger vehicle market likely to double by FY31’: Hisashi Takeuchi
Maruti Suzuki India Managing Director Hisashi Takeuchi estimates the country’s passenger vehicle (PV) market to touch 6-7 million units annually by FY31, and grow to double in size from its present levels. In FY23, the PV segment registered sales of over 4 million units to become the third-largest market in the world. “Going ahead, the… Continue reading ‘India’s passenger vehicle market likely to double by FY31’: Hisashi Takeuchi
‘India’s passenger vehicle market likely to double by FY31’: Hisashi Takeuchi
Maruti Suzuki India Managing Director Hisashi Takeuchi estimates the country’s passenger vehicle (PV) market to touch 6-7 million units annually by FY31, and grow to double in size from its present levels. In FY23, the PV segment registered sales of over 4 million units to become the third-largest market in the world. “Going ahead, the… Continue reading ‘India’s passenger vehicle market likely to double by FY31’: Hisashi Takeuchi
Production of advanced chemistry cell batteries in the country likely to start by January 2024
The production of the first set of advanced chemistry batteries in India is slated to begin by January 2024, as per Union Minister Mahendra Nath Pandey. The government had approved the PLI (production linked incentives scheme) for the manufacturing of ACC (Advanced Chemistry Cell) batteries, at an estimated expenditure of Rs 18,100 crore. The Minister… Continue reading Production of advanced chemistry cell batteries in the country likely to start by January 2024
Anand Group and Korea’s HL Group ink aftermarket JV, target rapid domestic and global growth
The $2-billion-plus Anand Group, a leading manufacturer of world-class auto systems and components, has signed a joint venture (JV) with Korea’s $8.1-billion HL Group. The JV will increase the size of the Indian conglomerate’s aftermarket business two-fold while building the Korean entity’s presence in India. The JV will expand the aftermarket portfolio with products manufactured… Continue reading Anand Group and Korea’s HL Group ink aftermarket JV, target rapid domestic and global growth