Valeo has inaugurated a new manufacturing line for electric powertrain systems at its Pune facility. The line was inaugurated on March 28 in the presence of Mr. Velusamy R, President – Automotive Business, Mahindra & Mahindra, and Mr. Xavier Dupont, CEO, Valeo Power Division. The new facility will manufacture Valeo’s advanced 3-in-1 e-Axle, which integrates […]
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ICRA expects the revenue growth of the Indian auto component industry (represented by a sample of 46 auto ancillaries with aggregate annual revenues of over Rs 3,00,000 crore in FY2024, accounting for close to 50% of the industry) to ease to 7-9% in FY2025 and 8-10% in FY2026, from the highs of ~14% in FY2024. […]
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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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