Haryana Government Calls on Auto Component Makers to Gear Up for India’s EV Opportunity

India’s electric vehicle penetration, currently at around 8.5%, is set to rise to 30% by 2030 — and component manufacturers who move early stand to benefit the most. That was the central message at ASSOCHAM Northern Region’s EV Ancillaries and Auto Components Conclave 2026, held in Gurugram, where government officials and industry leaders called on […]

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MBP PVT Powers Reliable EV Pneumatics

As India’s electric bus market gathers momentum, reliable pneumatic connections are emerging as a critical enabler of vehicle safety, assembly efficiency and fleet uptime. MBP PVT is addressing this need with solutions designed for next-generation commercial vehicles. India’s commercial EV market is witnessing steady growth, particularly in the electric bus segment. The country registered 4,441 […]

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Indian Auto Component Industry Grows 12.7% to INR 7.6 Lakh Crore in FY2025–26

Growing localisation, technology investments and global confidence position the industry for its next phase of growth The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component industry, has released the findings of its Industry Performance Review FY2025–26. The industry recorded a turnover of INR 7.60 lakh crore (USD 85.9 billion), registering […]

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Vimag Labs Secures Patent for India’s First Software-Defined, Magnet-Free Motor Platform

Fifth patent granted to the Accel-backed deep-tech company, protecting the core architecture of its Virtual Magnet Synchronous Motor (VMSM) – a rare-earth-free, software-controlled electric motor platform Vimag Labs has been granted its fifth patent in India. The patent, titled “A Robust Rotating Transformer Excited Synchronous Motor and Its Control,” covers the foundational motor architecture of the company’s […]

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Indian EV Components Market Set to Surge 8X by 2032, Reaching ₹3.55 Lakh Crore: IESW Report

The report reveals battery packs, motors, and power electronics will drive unprecedented growth in the domestic EV supply chain. India’s electric vehicle (EV) components market is expected to expand eight-fold over the next seven years, with projections showing a rise from ₹41,000 crore in 2025 to ₹3.55 lakh crore by 2032. This forecast comes from […]

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Nitin Gadkari Inaugurates Prawaas 5.0, Reinforcing India’s Vision for Safe, Smart & Sustainable Passenger Mobility

Prawaas 5.0, India’s Biggest Show on Public Transport, was officially inaugurated by Shri Nitin Gadkari, Hon’ble Minister of Road Transport & Highways, Government of India, at the Helipad Exhibition Centre, Gandhinagar. Organised under the theme “Towards Safe, Smart & Sustainable Passenger Mobility”, the event is aligned with the larger vision of “Steering the Nation Towards […]

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Prawaas 5.0 Opens with Strong Industry Participation and Future Mobility Showcase

Prawaas 5.0, India’s biggest exhibition on public transport, opened at the Helipad Exhibition Centre in Gandhinagar, Gujarat, bringing together the country’s leading passenger transport manufacturers, technology providers, mobility companies, and bus and car operators under one roof. Organised by the Bus & Car Operators Confederation of India (BOCI), this landmark edition assumes added significance as […]

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ZF Unveils Next-Generation Bus Solutions at Busworld Türkiye 2026

At Busworld Türkiye 2026, ZF demonstrated how its latest technologies support safer and more reliable bus operations while helping manufacturers and fleet operators address the challenges of delivering sustainable and cost-efficient mobility. With a broad portfolio spanning driveline, chassis, safety and digital solutions, ZF continues to invest in innovative technologies that simplify vehicle operation and […]

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