India’s electric vehicle (EV) supply chain remains heavily reliant on imports with only 30-40% localisation achieved so far, according to ICRA Research. While certain components like chassis, body parts, and some control units are largely manufactured domestically, key high-tech components such as battery cells, electronic control units, and battery management systems (BMS) are still predominantly… Continue reading 70% Foreign-Made: India’s EV Dream Stuck in Import Gridlock
Category: US Motoring Press
India’s Auto Component Industry Poised for a Moderate 8-10% Revenue Growth in FY26: ICRA
India’s auto component industry is set to witness moderate revenue growth in the next two fiscal years, with ICRA Research projecting a 7-9% increase in FY25 and 8-10% in FY26. This follows a strong performance in FY24 and reflects steady demand, increasing premiumization, and regulatory changes that are driving higher localization and value addition per… Continue reading India’s Auto Component Industry Poised for a Moderate 8-10% Revenue Growth in FY26: ICRA
ARAPL RaaS Begins Deliveries of Autonomous Electric Vehicles to US Warehousing Clients
Affordable Robotic and Automation Limited (ARAPL)’s subsidiary, ARAPL RaaS, has commenced deliveries of autonomous electric vehicles (AEVs) to warehousing clients in the United States. This move aims to capitalize on the burgeoning $300 billion US warehousing automation market. With an initial order book of $4 million, ARAPL RaaS is set to capture a significant market… Continue reading ARAPL RaaS Begins Deliveries of Autonomous Electric Vehicles to US Warehousing Clients
Auto Component Industry Revenue to Grow 8-10% in FY2026, ICRA Forecasts
The Indian auto component industry’s revenue is expected to grow by 8-10% in fiscal year 2026, according to a report released by ICRA on February 20, 2025. This growth represents a slight increase from the projected 7-9% in FY2025, though still lower than the 14% growth recorded in FY2024. Operating margins for auto component manufacturers… Continue reading Auto Component Industry Revenue to Grow 8-10% in FY2026, ICRA Forecasts
Suzuki Motor Raises FY31 Revenue, Operating Profit Targets
Japanese car and two-wheeler maker Suzuki Motor Corporation has raised its revenue target for the financial year ending March 2031 (Japanese FY30) to 8 trillion yen (₹4.62 lakh crore) from the target of 7 trillion yen (₹4.41 lakh crore) announced in January 2023, according to the company’s new mid-term management plan for FY26-31. The company… Continue reading Suzuki Motor Raises FY31 Revenue, Operating Profit Targets
Yuma Energy Acquires Grinntech to Expand Battery Technology and Manufacturing
Yuma Energy, a Battery-as-a-Service (BaaS) company in India, has acquired Grinntech Motors & Services Pvt. Ltd., a Chennai-based start-up focused on energy storage solutions. The acquisition supports Yuma Energy’s goal of increasing the adoption of clean energy solutions for businesses and individual users. By integrating Grinntech’s expertise in battery technology, research, and manufacturing, Yuma Energy aims… Continue reading Yuma Energy Acquires Grinntech to Expand Battery Technology and Manufacturing
Yuma Energy Acquires Grinntech to Expand Battery Technology and Manufacturing
Yuma Energy, a Battery-as-a-Service (BaaS) company in India, has acquired Grinntech Motors & Services Pvt. Ltd., a Chennai-based start-up focused on energy storage solutions. The acquisition supports Yuma Energy’s goal of increasing the adoption of clean energy solutions for businesses and individual users. By integrating Grinntech’s expertise in battery technology, research, and manufacturing, Yuma Energy aims… Continue reading Yuma Energy Acquires Grinntech to Expand Battery Technology and Manufacturing
Skoda Auto India Signs Ranveer Singh as First Brand Ambassador
Skoda Auto India has announced Bollywood actor Ranveer Singh as its first-ever brand ambassador, marking a significant milestone as the company celebrates 25 years in the Indian market. The announcement comes shortly after the introduction of Skoda’s first sub-4-metre SUV, the Kylaq. The partnership aims to strengthen Skoda’s position in India through people-centric campaigns that… Continue reading Skoda Auto India Signs Ranveer Singh as First Brand Ambassador
Breaking: Dacia developing £15k city car for Europe
Dacia has begun development of a new electric city car for Europe, Renault Group CEO Luca de Meo has confirmed. Closely related to the upcoming Renault Twingo, it is being designed as a successor to the Dacia Spring, but unlike that car – which is imported from China – it will be built in Europe. … Continue reading Breaking: Dacia developing £15k city car for Europe
Kia Reveals PV5 Models as First Dedicated Platform Beyond Vehicles
Kia Corporation unveiled the exterior design of its PV5 Passenger and Cargo models on February 20, 2025, ahead of their full presentation at the Kia EV Day in Tarragona, Spain on February 24. The models represent Kia’s first dedicated offerings under its new Platform Beyond Vehicle (PBV) global business strategy. The mid-sized PV5, initially previewed… Continue reading Kia Reveals PV5 Models as First Dedicated Platform Beyond Vehicles