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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Shift presents both opportunities and challenges for auto component players Revenue of the electric vehicle (EV) components’ market in India is likely to rev up at a compound annual growth rate of ~76% to Rs 72,500 crore in fiscal 2027 from Rs 4,300 crore last fiscal. That will take the share of EVs in the […]
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Establishing a renewed factory space of over 32,000 sq. feet in India is an important step in the continuous development of the company’s global manufacturing network HARTING’s focus in the Indian market has been in the transportation, energy, machinery and factory automation, data centre, wind as well as PGTD sectors. Recently, HARTING India unveiled its […]
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The facility, which will support start-ups in the electric vehicle (EV) space, was inaugurated by KT Rama Rao Garu, Minister for Municipal Administration and Urban Development, Industries and Commerce and Information Technology, Government of Telangana MG Group with its expertise in bus and coach building recently announced the setting up of an EV Park through […]
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Lucas TVS, a prominent provider of mechatronic solutions to the automotive, consumer and industrial products industries, is at the forefront of EV technology development. Sanjeevi Anandan, Manager (EV Marketing), Lucas TVS Ltd. spoke to Rajesh Rajgor Solutions across Segments At the Lucas TVS pavilion here, we are showcasing solutions for electric vehicles ranging from e-cycle […]
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To be built at an investment of Rs. 50 crore, the state-of-the-art plant will cater to the growing demand for indigenous mid drive and hub motors along with controllers from the fast-growing EV OEMs in India. From $1.4 billion in 2021, the Indian electric vehicle market is expected to exceed $15 billion by 2027, projecting […]
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