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

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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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2024 trends in the auto industry promise a focused approach | Autocar Professional

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Likewise, the auto components industry also touched a new high. According to data shared by Automotive Component Manufacturers Association (ACMA), in FY23, the industry grew 32.8 With organisations putting innovation in the fast lane, significant transformations can be expected in the industry. lakh crore (USD 69.7

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Volvo Cars Tech Fund invests in Israeli technology start-ups MDGo and UVeye

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Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm. They represent the Tech Fund’s first investments outside the US and Europe. MDGo is a company specialising in medical artificial intelligence.

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Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

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With a mature manufacturing ecosystem, India is poised to contribute to global sustainable mobility solutions, fostering both domestic and international growth in the auto industry. The auto industry is making strides to replace the traditional sources of fuel with the carbon-free fuel.

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Volvo Cars Tech Fund invests in electric car charging company FreeWire

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Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. Drivers thus can enjoy all the benefits of fast charging without operators needing to go through the hassle of establishing a high-voltage connection to the grid.

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CEO’s Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda – ET Auto

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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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CAR report quantifies automotive’s position as a leading high-tech industry

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A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. The report authors acknowledge the difficulty of defining “high-tech” in an ever-changing economic environment.