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

FEBRUARY 2, 2024

New Delhi: Continental Tire, the tyre manufacturing arm of the Continental Group, has estimated the tyre industry in India might double by 2030. This industry should double the revenues by 2030,” Samir Gupta , MD of Continental Tires India, told ETAuto on the side-lines of Bharat Mobility Expo 2024.

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Baua Electric

FEBRUARY 29, 2024

“World over, the industry is building resilient supply chains by reducing overdependence on any particular country or geography,” said Shradha Suri Marwah, president of ACMA. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association ( ACMA ) said.

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Baua Electric

MAY 8, 2024

New Delhi: Dassault Systems Wednesday said that Shubham Automation , one of the leading providers of industrial automation solutions, has selected Dassault Systèmes’ 3DExperience Works to accelerate its product development cycle.

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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. Technologies are rapidly evolving in the automotive space.

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Baua Electric

APRIL 30, 2023

Crude steel production in China also increased 6 per cent to 261.6 Prices for industrial materials such as ferrous and nonferrous metals are plummeting, with steel marking a five-year low as concerns grow about a slowing Chinese economy and a resulting supply glut, reported Nikkei Asia. million tonne, according to Nikkei Asia.

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Baua Electric

MAY 14, 2024

India may become a dumping ground for Chinese products such as Electric Vehicles ( EVs ), batteries and other new technology items with the US raising tariffs on these imports from Beijing, economic think tank Global Trade Research Initiative ( GTRI ) said Tuesday. “The billion two-way trade, GTRI has said in its earlier report.

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Green Car Congress

MARCH 31, 2015

The project’s first white paper reveals that China is way out in front when it comes to patent applications for the basic technologies needed for Industry 4.0. Industry 4.0. Industry 4.0, says consultancy Roland Berger, emphasizes the idea of consistent digitization and linking of all productive units in an economy.

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Baua Electric

MAY 21, 2024

UMPC will operate in Argentina’s Catamarca province through its subsidiary Marhen Lithium , and is currently analyzing its first production samples, Pielsticker said in the interview on Friday, after last month announcing a USD 550 million investment in the project.

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Baua Electric

MAY 19, 2024

Production is expected to begin in two years, Rajeev Kapur , MD, Steelbird Hi-Tech, told in a media interaction at the manufacturing facility in Baddi. Steelbird launched a new product, the Fighter helmet, on May 17, 2024 starting at INR 2999. The company has acquired additional land in Baddi for the expansion.

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Baua Electric

FEBRUARY 7, 2024

Gujarat Fluorochemicals arm GFCL EV Products on Wednesday announced an investment of INR 6,000 crore for increasing production capacity of electric vehicle battery materials in the next 4-5 years. On the project front, the commercial production has begun at its plant for LiPF6 Project, the company said.

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Baua Electric

MARCH 5, 2024

Among Toyota-affiliated companies, currently PEVE, Toyota Industries Corporation , and Prime Planet Energy & Solutions, Inc. Toyota will continue collaborating with these companies in battery mass production and development. The acquisition is scheduled to take place in late March.

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Baua Electric

MAY 2, 2024

Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited from new launches and strong demand for its products in fitness and auto segments, sending its shares up 9.6%. Garmin’s first-quarter revenue surged 20% to USD 1.38 billion, according to LSEG data.

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Baua Electric

MARCH 21, 2024

Volkswagen will bring new automated driving technologies to series production as it deepens its partnership with Mobileye in automotive driving technologies, Europe’s biggest carmaker said on Wednesday. “New automated driving functions will significantly boost convenience and safety,” VW Chief Executive Oliver Blume said.

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Baua Electric

JANUARY 13, 2024

Electric motor component maker EuroGroup Laminations said on Friday it would invest 50 million euros (USD 55 million) to expand its production capacity in Mexico to serve the automotive industry. EuroGroup Laminations’ automotive total order book amounted to a record 6.4 billion euros in October last year, the company said.

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Baua Electric

MARCH 7, 2024

Updated On Mar 8, 2024 at 09:35 AM IST --> Published On Mar 8, 2024 at 09:35 AM IST 1 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.

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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.

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Baua Electric

MAY 24, 2024

climb in fourth-quarter profit on Friday, helped by better demand for its automotive products and consumer goods. 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 billion rupees (USD 67.99 billion rupees, pushed up by 2.8%

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Baua Electric

APRIL 11, 2024

Lithium supplier Vulcan Energy on Wednesday announced the start of production of the first lithium chloride at its extraction plant in Germany using geothermal energy, an essential step toward producing battery-grade lithium hydroxide.

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Baua Electric

MAY 16, 2024

MAHLE announced the sale of the thermostat product range to ADMETOS in August 2023. The sale transfers the thermostat segment to the industrial and investment holding firm ADMETOS , which will operate the business under the name BTT Solutions. MAHLE announced the sale of the thermostat product range to ADMETOS in August 2023.

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Baua Electric

MAY 16, 2024

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

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Baua Electric

MAY 25, 2024

The MInT collaborative and this partnership with ZF, a global leader in mobility products and solutions, will help accelerate mobility research to practice,” said Prof. Manu Santhanam, Dean of Industrial Consulting and Sponsored Research, IIT Madras.

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Baua Electric

MARCH 6, 2024

Hanif Qureshi, Additional Secretary, Union Ministry of Heavy Industries, Vinod Aggarwal, Jury Chairman of the ACMA Excellence Awards, President of SIAM, and Managing Director & CEO of VECV; and Professor Paramjit S. Srinivas, Executive VP-Product Strategy and Purchasing at VE Commercial Vehicles; S.

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Baua Electric

MAY 23, 2024

This growth extends across all product segments, encompassing both established lines such as lighting, switches, and alloy wheels, as well as emerging areas like EV technology, controllers, and sensors, the company said in a media release.

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Baua Electric

MAY 22, 2024

Giovanni De Fillipis, MD of Cornaglia Group, said, “The R&D center in India is a milestone for our strong plans to create industrial capabilities for our After-Treatment products, to be sold in India and international markets, utilizing our 100+ years of experience.”

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Baua Electric

FEBRUARY 27, 2024

The Company is currently working with 5 major automotive tier-ones for their next generation products which will further enhance the digital radio and audio experience in the digital cockpit of the vehicles. According to industry reports, Car Audio Market size was valued at USD 9.5 billion in 2023 and is projected to reach USD 25.5

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Baua Electric

MAY 25, 2024

The gigafactory will have an initial production capacity of 16 GWh/year and create about 1,200 direct jobs and 3,000 indirect jobs within two years, Verkor says. The gigafactory will have an initial production capacity of 16 GWh/year and create about 1,200 direct jobs and 3,000 indirect jobs within two years, Verkor says.

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Baua Electric

MAY 3, 2024

The indigenised technology is targeted for applications across multiple domains, including Smart cities, Industries, Defence and Health, etc. The field implementation, testing and validation of this camera were done for road traffic applications. have been compiled in a booklet form which was launched for awareness creation.

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Auto Insight Industrial Industry 52

Baua Electric

FEBRUARY 6, 2024

New Delhi: Ramkrishna Forgings Limited, one of the leading suppliers of rolled, forged, and machined products, has been awarded contract valued at USD13.16 We are poised to embark on this exciting journey together, setting new benchmarks in the industry and creating value for the customers. million (INR 109.2

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Baua Electric

APRIL 23, 2024

The ministry had announced the re-bidding of Production Linked Incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing. The bids for manufacturing facilities with a cumulative capacity of 70 GWh came in response to a global tender issued by the Heavy Industries Ministry on January 24 this year.

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Baua Electric

FEBRUARY 28, 2024

Luminar Technologies shares tumbled about 10% on Wednesday after the self-driving sensor maker’s fourth-quarter results missed estimates on delayed production schedule for Volvo Cars’ new EX90 electric SUVs. “The EX90 production delay is likely to last until mid-2024.

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Baua Electric

FEBRUARY 27, 2024

Tesla has pushed a new software update to its mobile app with a new AI chat assistant and a new menu to highlight the company’s non-car products. It’s the hub for all of Tesla’s connected features, which the automaker was somewhat of a pioneer of in the auto industry. Now, it’s becoming even more important.

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Baua Electric

FEBRUARY 6, 2024

Arrival is the latest casualty in the high-profile EV industry, where rising interest rates, stubborn inflation and high costs involved in production ramp have hit the cash reserves of most startups. The company’s stock was delisted from the Nasdaq on Jan.

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Baua Electric

FEBRUARY 6, 2024

It was a conglomeration of the entire mobility ecosystem under one roof, displaying the tech capabilities and innovations of Indian automotive industry. The auto component industry continues to thrive, reflecting the resilience and innovation within our ecosystem.

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Baua Electric

MAY 16, 2024

German industrial giant Siemens announced on Thursday that it plans to sell its electrical motors business , Innomotics, to the private US equity firm KPS Capital Partners for 3.5 These products are utilized in various industries such as chemicals, oil, utilities, and automotive. billion euros (equivalent to USD 3.8

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Baua Electric

JANUARY 9, 2024

Updated On Jan 10, 2024 at 07:46 AM IST --> Published On Jan 10, 2024 at 07:44 AM IST 1 min read --> Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.

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Auto Production Insight Global 52

Baua Electric

MAY 15, 2024

“While the irrigation and industrial business will grow as usual, we see most of our exponential growth over the next few years come from the EV segment,” Patro said. The firm currently focuses on three-wheeler EVs, but also has products for two-wheeler and four-wheeler EVs.

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