Baua Electric

JANUARY 23, 2024

The Indian automobile sector was able to source almost 50% of required auto parts from domestic markets under the INR 26,000 crore Production-Linked Incentive (PLI) scheme, said Union minister for heavy industries Mahendra Nath Pandey on Tuesday. India has emerged as the automotive powerhouse and the world is looking at us.

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Baua Electric

MAY 2, 2024

India’s mid-sized IT services player L&T Technology Services ( LTTS ) has signed an approximately €45 million (around USD 48 million at current exchange rate) contract with European automotive parts manufacturer and supplier Forvia for engineering development activities for its clean mobility division. “As

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Baua Electric

MARCH 11, 2024

Guruprasad Mudlapur, President- India, Bosch Group, and Managing Director, Bosch Limited Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry’s performance, what is your outlook for 2024? The automotive industry is in transition.

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Green Car Congress

DECEMBER 15, 2022

TTTech Auto , the Vienna-based provider of automotive safety software, is expanding its operations with a dedicated subsidiary in China. TTTech Auto already has a presence in the Chinese market through its joint venture Technomous operated together with SAIC Motor, China’s largest automotive manufacturer.

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Baua Electric

APRIL 24, 2024

It now expects to report organic revenue growth for parts and services between 2.5% Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. for 2024, down from its prior guidance of 3.5%

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Baua Electric

MAY 3, 2024

Luminar Technologies , a maker of lidar sensors for self-driving cars , said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the restructuring.

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Baua Electric

APRIL 25, 2024

The company ensures quality and service commitment through its extensive network of 2500+ touchpoints, manned by trained specialists and backed by easy access to Tata Genuine Parts. New Delhi: Tata Motors , India’s largest commercial vehicle manufacturer, Friday inaugurated a new commercial vehicle spare parts warehouse in Guwahati.

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Electrek

SEPTEMBER 17, 2022

Bosch , the world’s largest auto parts supplier, revealed a series of new solutions to support the auto industry’s transition to electric. The post World’s largest auto parts supplier moves to support the industry’s transition to EVs appeared first on Electrek.

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Baua Electric

APRIL 25, 2024

Car parts makers face slowing auto production, leaving suppliers with excess capacity, and are striving to reduce costs, including laying off workers, as Chinese EV makers expand in Europe.

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Electrek

OCTOBER 27, 2022

I was invited to tour Bosch’s Charleston, South Carolina, facility to see firsthand the evolution of the world’s largest auto parts supplier as the industry transitions to electric vehicles. The post How the world’s largest auto parts supplier is evolving its business for the EV era appeared first on Electrek.

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Baua Electric

MARCH 14, 2024

MG Motors, a unit of Chinese automaker SAIC, will open a second European parts centre by the summer of 2024 in France to meet the country’s growing demand for its vehicles, a spokesperson told Reuters on Thursday. The new European site will be operated by a partner near Lens, in Hauts-de-France, near the Belgian border.

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Baua Electric

APRIL 22, 2024

New Delhi: Pavna Industries Limited, a leading automotive parts manufacturer has inked an agreement with Ola Electric to supply ignition switches and latches, consolidating its foray into the electric two-wheeler segment. Swapnil Jain, Managing Director of Pavna Industries Ltd.,

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Baua Electric

MAY 27, 2024

New Delhi: The shift has been gradual and the hope that India’s auto component sector becomes truly global finally appears to become real. As supply chains get rewired, India’s auto component manufacturers are sitting at larger than ever export orders and creating new capacities to fulfil increasing global demand.

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Baua Electric

MARCH 1, 2024

The Union Cabinet’s nod to three upcoming semiconductor manufacturing units is a step towards self-sufficiency and makes the country’s dream of becoming a global chip making destination achievable, according to industry players.

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Baua Electric

MARCH 4, 2024

After two consecutive years of swift growth in the auto industry’s performance, what is your outlook for 2024? 2024 is likely to see the industry stabilize and return to normal. 2024 is likely to see the industry stabilize and return to normal. 2024 is certainly promising, although with its own challenges.

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Baua Electric

MARCH 25, 2024

Since 1917, AIDA has led the metal-forming industry as the well-known manufacturer of metal-forming systems, particularly servo and mechanical presses for various applications in the global automotive and component industries, including OEMs and Tier 1 to Tier 3 suppliers. AIDA specialises in metal forming equipment for the industry.

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Baua Electric

APRIL 24, 2024

AA-T) and AISIN Automotive Haryana Private Limited (AHL), to market and sell the auto components in independent aftermarket for passenger car products. With this collaboration, both the companies endeavour to expand their footprints across India, Nepal, Sri Lanka and Bangladesh for Independent Aftermarket (IAM) of passenger car products.

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Baua Electric

FEBRUARY 28, 2024

New Delhi: The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry, successfully concluded the 4 th edition of its ‘Transforming Mobility 2024 -Global Summit & Expo’. Secretary, Ministry of Heavy Industries, Govt. participated in the expo.

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Baua Electric

APRIL 22, 2024

Sona Comstar ), one of the leading global providers of automotive technology solutions, has inaugurated a new manufacturing plant in the Fipasi Industrial Park, Silao, Mexico. American demand for BEV parts – ET Auto appeared first on Bauaelectric Auto News. New Delhi: Sona BLW Precision Forgings Ltd.

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Baua Electric

MAY 9, 2024

New Delhi: It is no secret that Chinese component makers are aggressively scouting global markets for increasing their already tight grip on the nascent battery electric vehicle (BEV) industry. This is when the EV market has already begun to slow down in some geographies.

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Baua Electric

MAY 20, 2024

A report by Senate Finance Committee Chairman Ron Wyden’s staff said BMW imported 8,000 Mini Coopers with parts from a Chinese supplier banned under a 2021 law and that BMW continued to import products with the banned parts until at least April. VW said on Monday it has since replaced the parts in all vehicles held at U.S.

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Teslarati

MAY 30, 2022

It’s easy to fall into the Tesla vs. legacy auto narrative. Since the days of the original Roadster, it appeared that Tesla was this company that was determined to make a change by forcing the automotive industry to go electric. Tesla did force the automotive industry to go electric.

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Baua Electric

JANUARY 23, 2024

Back in 2022, the company said it would spend €2 billion in retraining some of its more than 400,000 staff to be better equipped to work in EV parts production. High inflation, increased raw materials, and soaring energy costs are all part of the reasons the companies are offering for the cuts, the FT reports. Get started here.

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CleanTechnica EVs

JUNE 17, 2021

Tuopu is an auto parts supplier that services a wide variety of brands, from Geely and SAIC to Ford, GM, Volkswagen, and other major automakers. China-based Ningbo Tuopu Group Co. Ltd (Tuopu) recently stated in its most recent earnings call that Tesla has a five year gap on other car companies, Teslarati reported.

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Baua Electric

MARCH 13, 2024

Minda, CMD, Uno Minda Edited excerpts: Q: After two consecutive years of swift growth in the auto component industry ‘s performance, what is your outlook for 2024? The past two years have seen a remarkable transformation in the Indian auto and auto component industry.

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Baua Electric

APRIL 5, 2024

Japan will expand its Russia-bound export ban to include 164 additional industrial items such as lithium-ion batteries, gas pipes and car engine oil, the trade ministry said on Friday.

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Baua Electric

JANUARY 26, 2024

This new state-of-the-art facility will help us to address the demand for steering and suspension components in the North American region and position us to capitalise on the emerging trend of localization of parts by the customers in this region driven by USMCA (United States-Mexico-Canada Agreement).

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The Truth About Cars

JANUARY 5, 2024

News broke earlier this week that Stellantis would pull out of auto shows, including the upcoming Chicago Auto Show, for the foreseeable future. We reached out to the Chicago Auto Show folks about that, and have not yet heard back. Having one of the Detroit Three pull out of auto shows leads to ringing of alarm bells.

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Teslarati

DECEMBER 2, 2021

Taveres said that the costs of transitioning to electric vehicle production are “beyond the limits” of what the current auto industry can sustain in an interview with Reuters Next. US President Biden pats GM CEO’s back: “You electrified the entire auto industry.

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Baua Electric

MAY 16, 2024

Ola Mobility said that Gupta’s exit is part of the company’s restructuring exercise. “As part of an ongoing restructuring, Ola Mobility CFO Kartik Gupta has stepped down from the company. This restructuring is aimed at productivity enhancement in an AI-led era that is redefining the cab-hailing industry globally.

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CN EV Post

APRIL 20, 2023

The 17th Beijing auto show will be held from April 25 to May 4, 2024, after the biennial event was canceled last time due to Covid concerns. Screenshot of Auto China website.) While the Shanghai auto show has just started, the next Beijing auto show is on its way. For more articles, please visit CnEVPost.

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Baua Electric

MAY 24, 2024

billion rupees a year earlier for the company, which makes auto parts and accessories for cars, two wheelers and railways among others. India’s total vehicle production during the January-March period rose over 21%, which in turn also helped expand the auto parts demand. Net profit rose to 5.65

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Baua Electric

MAY 27, 2024

Battery maker Exide Industries Ltd will invest around Rs 1,000 crore in its lithium-ion cell manufacturing and battery pack solutions subsidiary Exide Energy Solutions Ltd during the current financial year, the company’s management said. EESL was set up in 2022 as part of the company’s plan to venture into the lithium-ion cell business.

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Baua Electric

MAY 15, 2024

German Tier-1 giant Mahle, which specialises in powertrain, mechatronics, and electronics components among others, has finalised the sale of its automotive thermal management – thermostat business – to a German industrial and investment holding firm Admetos.

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Baua Electric

JANUARY 18, 2024

Tata Technologies, which provides engineering services to auto, aero and heavy machinery makers, will set up skilling centres in 50 government-run industry training organisations. bn in Telangana state – ET Auto appeared first on Bauaelectric Auto News. Tata Technologies will invest 150 billion rupees (USD 1.80

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Baua Electric

MAY 16, 2024

The sale transfers the thermostat segment to the industrial and investment holding firm ADMETOS , which will operate the business under the name BTT Solutions. As part of the deal, ADMETOS is taking on around 600 employees in six countries. New Delhi: MAHLE has finalized the sale of its OEM thermostat business as of May 2, 2024.

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Baua Electric

MARCH 29, 2024

The agreement is likely to help Mazda step up production of EVs as part of a 1.5 The agreement is likely to help Mazda step up production of EVs as part of a 1.5 trillion-yen (USD 9.9 billion) spending plan it unveiled in late 2022. trillion-yen (USD 9.9 billion) spending plan it unveiled in late 2022.

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