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European battery maker ACC partners with Circulor to map supply chain, carbon emissions – ET Auto

Baua Electric

The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Circulor CEO Douglas Johnson-Poensgen said the company was currently talking to companies up and down the EV battery cell supply chain.

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Uno Minda revenue grows 31%, PAT up 47% – ET Auto

Baua Electric

At a consolidated level, the company reported a revenue growth with revenue of INR 3,794 cr for Q4 FY24 as against INR 2,889 cr in Q4 FY23, registering a rise of 31%. The Company reported achieved consolidated revenues of INR 14,031 Crores for FY24, registering a growth of 25% on a YoY basis. per share i.e. 67.5%

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ACMA awards 59 companies for excellence in production, innovation, localisation, exports – ET Auto

Baua Electric

New Delhi: The Automotive Component Manufacturers Association of India ( ACMA ) at the 58th edition of the ACMA Excellence Awards and the 9th Technology Summit on March 05, 2024, recognized the exceptional contributions and achievements of 59 auto component manufacturers, and gave away 112 awards under various categories.

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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Magna executives said on a post-earnings call the company was assessing impacts from automakers’ shifting electrification plans, particularly in North America. The company’s shares were down about 4% in early trade. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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Lumax Cornaglia Auto Tech opens new plant for emission products in Pune – ET Auto

Baua Electric

With a workforce of over 200 employees, including 30 highly skilled and experienced engineers, this facility will serve the emission products requirements of the Indian Auto industry. in-house R&D laboratory and is a one-stop solution for complete vehicle-level emission products requirement of any auto OEM, in India and beyond.

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Varroc appoints Dixit Roy Mahidhara as CEO of subsidiary, CarIQ Tech – ET Auto

Baua Electric

He brings a wealth of experience and expertise to this critical role and will help drive the future of connected vehicles at Varroc, the company said. Mahidhara said, “I am thrilled to join CarIQ at this pivotal stage of its evolution, backed by parent company Varroc, renowned tier I supplier in the Auto industry.

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Ask automotive rejigs its senior management, appoints Vashisth Kumar Tripathi as VP- Engineering – ET Auto

Baua Electric

His expertise is in Vendor Development, Purchasing, Supply Chain Management and SAP Implementation in various plants of the Company and has been associated with the company since March 15, 2021. Vashisth Kumar Tripathi has been transferred to Vice President- Engineering, and has been associated with the company since August 1, 2022.

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