Pawan Goenka Auto industry, which has recorded 20 per cent growth in exports in recent years, has the potential to account for half of the country’s total manufacturing output in coming years, said Pawan Goenka, former President of the Society of Indian Automobile Manufacturers (SIAM) and ex-CEO of Mahindra & Mahindra during the 65th annual… Continue reading Auto exports could account for half of India’s vehicle output: Pawan Goenka
Tag: Manufacturing
Auto industry is the torchbearer of Make-in-India initiative: PM Modi
Modi highlighted the industry’s growing emphasis on sustainability, including electric vehicles. Prime Minister Narendra Modi on Thursday called the automobile industry a “torchbearer” of Make in India and urged it to play a leading role in building a sustainable and self-reliant mobility ecosystem. The Prime Minister, in a message to the 65th annual convention of… Continue reading Auto industry is the torchbearer of Make-in-India initiative: PM Modi
JBM ECOLIFE Mobility Secures $100 Million Investment for Electric Bus Expansion
JBM ECOLIFE Mobility (P) Ltd has secured $100 million in long-term capital investment from the International Financial Corporation (IFC) to accelerate electric bus deployment across three Indian states. The funding will finance the purchase and operation of 1,455 modern, air-conditioned electric buses in Maharashtra, Assam, and Gujarat. The investment represents IFC’s first capital investment in… Continue reading JBM ECOLIFE Mobility Secures $100 Million Investment for Electric Bus Expansion
MIC Electronics Partners with TOP2 to Advance India’s Semiconductor Manufacturing
MIC Electronics Limited, an Indian technology enterprise, has entered into a strategic partnership with Singapore-based TOP2 Pte Ltd to strengthen the country’s semiconductor manufacturing ecosystem. The memorandum of understanding signed between the two companies aims to identify and secure a semiconductor fabrication partner from Taiwan. The collaboration targets establishing wafer production capabilities in India with… Continue reading MIC Electronics Partners with TOP2 to Advance India’s Semiconductor Manufacturing
ZF Friedrichshafen Appoints Mathias Miedreich as New CEO
German automotive technology giant ZF Friedrichshafen AG announced significant changes to its Board of Management on Wednesday, with current CEO Dr. Holger Klein stepping down by mutual agreement with the company’s Supervisory Board. Mathias Miedreich, who joined ZF’s Board of Management in January 2025 as head of the Electrified Powertrain Technology division, will assume the… Continue reading ZF Friedrichshafen Appoints Mathias Miedreich as New CEO
GST 2.0 to Drive Auto Industry Growth to 7%, Small Cars to Surge BY 10%: Maruti Suzuki’s Partho Banerjee
The Indian automotive industry is gearing up for a significant growth revival, with GST 2.0 set to act as a catalyst for demand revival across segments. The industry is poised to return to its earlier growth trajectory of around 7% CAGR by next year, while the small car segment could outpace the market with a… Continue reading GST 2.0 to Drive Auto Industry Growth to 7%, Small Cars to Surge BY 10%: Maruti Suzuki’s Partho Banerjee
GST 2.0 to Drive Auto Industry Growth to 7%, Small Cars to Surge BY 10%: Maruti Suzuki’s Partho Banerjee
The Indian automotive industry is gearing up for a significant growth revival, with GST 2.0 set to act as a catalyst for demand revival across segments. The industry is poised to return to its earlier growth trajectory of around 7% CAGR by next year, while the small car segment could outpace the market with a… Continue reading GST 2.0 to Drive Auto Industry Growth to 7%, Small Cars to Surge BY 10%: Maruti Suzuki’s Partho Banerjee
Government Eyes Lakhs of Jobs Through Enhanced Vehicle Scrapping Policy
Union Road Transport and Highways Minister Nitin Gadkari outlined the significant economic and environmental potential of India’s vehicle scrapping policy, revealing that the initiative could generate lakhs of jobs while substantially reducing metal imports and carbon emissions. Speaking at the 65th SIAM Convention, Gadkari presented comprehensive data on the Automated Testing Stations (ATS) and Registered… Continue reading Government Eyes Lakhs of Jobs Through Enhanced Vehicle Scrapping Policy
Government Eyes Lakhs of Jobs Through Enhanced Vehicle Scrapping Policy
Union Road Transport and Highways Minister Nitin Gadkari outlined the significant economic and environmental potential of India’s vehicle scrapping policy, revealing that the initiative could generate lakhs of jobs while substantially reducing metal imports and carbon emissions. Speaking at the 65th SIAM Convention, Gadkari presented comprehensive data on the Automated Testing Stations (ATS) and Registered… Continue reading Government Eyes Lakhs of Jobs Through Enhanced Vehicle Scrapping Policy
Magna Names Philip D. Fracassa Chief Financial Officer
Patrick McCann to step down after more than 26 years with Magna, including as CFO since 2022 Philip Fracassa joins Magna as CFO effective immediately after 20 years at The Timken Company (NYSE: TKR), where he held the CFO role for over a decade Magna looks forward to continuing to execute on its long-term strategy,… Continue reading Magna Names Philip D. Fracassa Chief Financial Officer