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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Rane (Madras) Limited, a leading manufacturer of steering and suspension products and light metal casting components, has expanded its global footprint with a greenfield facility for manufacturing steering and suspension components for passenger vehicle application through its wholly-owned subsidiary viz., Rane Automotive Components Mexico (RACM), in Aguascalientes, Mexico. The first business for this facility is […]
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HARTING has set up a new production site in Vietnam. China’s neighbour is a strategically important location in Asia for the Technology Group. As from now, a well-trained core team will have connector production up and running on the over 2,500 square metre factory premises. “It is important to us that we also ensure our […]
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MAHLE Electric Drives India (MEDI) has inaugurated a state-of-the-art Research and Development Testing Center at its manufacturing plant in Coimbatore/Tamil Nadu, India. The newly opened facility is poised to play a crucial role in MAHLE’s steadily growing footprint in e-mobility and a greener future in India by developing new products, technologies, and solutions for vehicle electrification, under […]
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Uno Minda Ltd, a leading global manufacturer and supplier of proprietary automotive solutions and systems, has recently commissioned a new EV systems plant in Farukhnagar, Haryana under the joint venture with FRIWO AG Germany. This new plant would manufacture On-Board Charger, Off-board charger, Motor Control Unit, DCDC converter, Battery Management System, and many more products catering to EV […]
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BorgWarner Inc. and Eldor Corporation S.p.A. have announced that they have entered into a Share Purchase Agreement under which BorgWarner has agreed to acquire the Electric Hybrid Systems (EHS) business segment of Eldor for €75 million at closing with a potential additional amount due subject to an earnout. Headquartered in Italy, Eldor’s EHS segment includes on-board chargers […]
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The Indian automotive components sector will clock 10-12% growth in revenue in fiscal 2024, riding on continuing domestic growth buoyed by robust demand from original equipment manufacturers (OEMs)1 on the back of high base of past fiscals, and steady aftermarket demand. This is despite exports continuing to remain sluggish. Continuing demand momentum, driven by OEMs, […]
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BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, recently announced major milestones at two of its production facilities. Its Suzhou facility produced its 1,000,000th inverter, while its Singapore facility produced its 13,500,000th Viper power switch. These milestones underscore BorgWarner’s strong capabilities in innovation and production as well as its Charging Forward strategy to drive […]
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HEG Ltd, an LNJ Bhilwara group company, commemorating its golden 50th year in synthetic graphite manufacturing, has announced plans to invest INR 1000 Cr (appx.) over the next 3 years to set up a manufacturing facility of graphite anode for lithium–ion batteries. The upcoming plant will cater to 10-12 GWh of cell manufacturing capacity and […]
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In a comprehensive chat with Martin Liebl, Member of the Management Board, Miba AG, N. Balasubramanian gathers insights about Miba’s plans for India and how the company is placed right to serve the customers with high-performing powertrain components besides eyeing a huge opportunity in electrification of small and big vehicles. Miba has its heart in […]
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