Volklec to manufacture EV batteries in the UK

Volklec, a new UK manufacturing business, is the newest entrant in the field of making batteries for electric vehicles. Based in Coventry in the West Midlands, with the vision of Powering Electrified Mobility, it is set to manufacture sustainable batteries for on-road, off-highway and track vehicles. In an innovative UK technology collaboration, Volklec is working with […]

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Capex for EV components to cross Rs. 25,000 crore in next 3-4 years: ICRA

Spurred by Government support in the form of subsidies, enhanced awareness, and increasing product launches, the electric vehicle (EV) segment in India has seen a significant upturn in prospects over the past two years. A confluence of factors such as improving product portfolio, charging infrastructure, and financing availability and a gradual decline in battery prices […]

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Bosch banking on innovations, partnerships, and acquisitions for growth

The Bosch Group increased its sales and earnings in 2023 and is successfully implementing its growth strategy despite a difficult environment. Presenting the company’s annual figures, Stefan Hartung, chairman of the board of management of Robert Bosch GmbH, said: “In the 2023 business year, we achieved our financial targets and strengthened our market position in a […]

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Automechanika Riyadh 2024 sold out with 280+ confirmed exhibitors

Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, will return to the Riyadh International Convention and Exhibition Center (RICEC) from 30 April to 2 May 2024. The exhibition’s most extensive edition to date will include a record number of exhibitors, with over 280 exhibitors confirmed and more than 8,000 visitors expected during […]

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58th ACMA Excellence Awards honor auto component manufacturers’ outstanding achievements

The Automotive Component Manufacturers Association of India (ACMA) organised the 58th edition of the ACMA Excellence Awards & 9th Technology Summit on March 05, 2024. This prestigious event celebrated the exceptional contributions and achievements of 59 distinguished auto component manufacturers, who were honored with a total of 112 awards across various categories. The ACMA Excellence Awards, a hallmark event in the automotive industry, recognized outstanding performance in manufacturing, sustainability, digitization, […]

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Sona Comstar becomes first supplier to receive Auto PLI certification

Sona BLW Precision Forgings Ltd. (Sona Comstar), a global provider of automotive technology solutions, has become the first automotive component manufacturer to receive certification under the Auto Production Linked Incentive (PLI) scheme. The company has filed seven applications for different products under the PLI scheme, and it has received the certification for its first product, […]

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