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Ola Mobility CFO resigns amid company restructuring – ET Auto

Baua Electric

Kartik Gupta, Ola mobility New Delhi: About two weeks after the resignation of Ola Mobility CEO, the company’s Chief Financial Officer Kartik Gupta has also resigned from the company. Ola Mobility said that Gupta’s exit is part of the company’s restructuring exercise. Gupta joined the company seven months ago.

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Robotics company Difacto raises USD 4.8 mn from Stakeboat Capital – ET Auto

Baua Electric

Ajay Gopalswamy , founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up. India’s automotive industry is one of the many areas that leverage robotic automation.

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TSMC sees annual sales growth to reach 10% in semiconductor industry – ET Auto

Baua Electric

Taiwanese contract chipmaker TSMC , a major supplier to Apple and Nvidia , on Thursday forecast an annual revenue growth of 10% in the global semiconductor industry , excluding memory chips.

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China issues draft guidelines to rein in lithium battery industry – ET Auto

Baua Electric

China has released draft guidelines aimed at reining in the country’s lithium battery industry , which has been in Western crosshairs over fears subsidised overproduction could flood global markets with cut-price exports.

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Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto

Baua Electric

Indian battery-maker Exide Industries beat fourth-quarter profit expectations on Tuesday, helped by higher demand in its automotive and industrial products segments. Earlier this month, South Korea’s Hyundai Motor and Kia Corp partnered with Exide Industries ‘ unit Exide Energy Solutions to supply batteries for their EVs.

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Pavna Industries inks deal with Ola Electric to supply ignition switches, latches for EVs – ET Auto

Baua Electric

Ola Electric Mobility has been playing an instrumental role in driving EV adoption and penetration in India, the company said in a media release. Under this agreement, Pavna Industries commits to providing high-quality ignition switches and latches to Ola Electric across its manufacturing plants in India.

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Top industry bodies IESA & SEMI partner to boost India’s semiconductor goals – ET Auto

Baua Electric

The collaboration will also see both organisations leveraging their events and initiatives to enable companies to meet, form new partnerships and advance the emerging Indian manufacturing and design ecosystem. SEMI represents over 3,000 member companies in the semiconductor design and manufacturing supply chain.