Rane Madras opens new facility in Aguascalientes, Mexico for steering components

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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Tata Motors receives country’s first auto PLI certificate in 4W – Goods vehicle category

Tata Motors has been awarded India’s first PLI certificate in the four-wheeler goods vehicle category from ARAI. A post on X (former Twitter) by ARAI read, “ARAI reaches a significant professional milestone! We proudly award the First Auto PLI certificate in N1 Category (4W – Goods) to M/s Tata Motors Ltd., following the meticulously defined […]

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MAHLE India inaugurates new R&D facility for electrification in Coimbatore

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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Indian automotive components sector revenue to grow 10-12% this fiscal

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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Volkswagen and Mahindra sign Partnering Agreement for MEB electric components in Chennai

Volkswagen and Mahindra & Mahindra Ltd. (M&M) are exploring the use of MEB electric components for Mahindra’s new “Born Electric Platform”. Both parties announced that they have signed a Partnering Agreement on 18th May to evaluate the scope of collaboration. Mahindra intends to equip its “Born Electric Platform” with MEB electric components such as electric motors, […]

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