Baua Electric

APRIL 24, 2024

ASK Automotive Ltd – AISIN Group Companies Joint Venture New Delhi: ASK Automotive Limited, India’s largest manufacturer of Brake Shoes and Advanced Braking Systems for Two-Wheelers, announced a Landmark Joint Venture Agreement with AISIN Group Companies, comprising AISIN Asia (Thailand) Co.

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Baua Electric

MAY 23, 2024

for the global semiconductor market in 2024. 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. for the global semiconductor market in 2024.

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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. What do Indian suppliers with global ambitions in the BEV segment do to thwart this aggressive posturing by the Chinese?

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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. By 2027 we will have the FAB and OSAT units producing.

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Baua Electric

FEBRUARY 5, 2024

a global leading lithium battery company based in China. EVE Energy is one of the lithium battery companies in the industry that possesses core technologies and comprehensive solutions. billion cylindrical batteries globally. As of now, EVE has provided over 2.1

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Baua Electric

MARCH 22, 2024

New Delhi: Minda Corporation Limited, the flagship company of Spark Minda , has rolled out of its 1 millionth two-wheeler smart keyless system from its manufacturing facilities. The Smart Keyless System has transformed vehicle interaction, offering consumers convenience, security, and peace of mind, the release added.

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Baua Electric

FEBRUARY 6, 2024

The company anticipates not only solidifying its presence in North America but also continuing its tradition of delivering high-quality automotive components that drive innovation and performance, the company said. million (INR 109.2 million (INR 109.2

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Baua Electric

JANUARY 31, 2024

The company will showcase its latest product innovations in sensors, motors, and driveline solutions developed to provide safer, smarter driving and better performance, the company said. The participation in this global mobility show will be led by Sunjay Kapur , Chairman of Sona Comstar.

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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. The latest investment is part of a larger commitment from Tata Group companies, such as Tata Consultancy Services and Tata Advanced Systems, to expand in the state.

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Baua Electric

MAY 27, 2024

“With these engines, each of the three companies will aim to optimise integration with motors, batteries, and other electric drive units,” they said in a joint statement. At a media event with peers Subaru and Mazda Motor, the world’s biggest automaker by volume displayed in-development 1.5 litre and 2.0 It sold about 2.4

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Baua Electric

MARCH 6, 2024

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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Baua Electric

MAY 13, 2024

New Delhi: Seqrite, the enterprise arm of global cybersecurity solutions provider Quick Heal Technologies Ltd, has revealed in its ‘India Cyber Threat Report,’ that the automotive supply chain is the most cyber attacked sector.

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Baua Electric

MAY 20, 2024

The capital expenditure would be spent on offload tractors, construction and also in the cast aluminium, machining for windmill casting segments, company MD Srivats Ram said here. Ram said exports did well for the company in FY24 registering a 24.5% Ram said exports did well for the company in FY24 registering a 24.5%

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Baua Electric

MARCH 20, 2024

Ratan Tata Manufacturing of semiconductors in Assam will put the state on the global map, said industrialist and philanthropist Ratan Tata , whose conglomerate has put in INR 27,000 crore in investments for a semiconductor plant in Jagiroad. “This new development will put Assam on the global map.

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Baua Electric

MAY 9, 2024

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. It has a plant in Nevada and has broken ground on a second one in Kansas, which would take its auto battery capacity to 80 gigawatt hours (GWh) a year.

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Baua Electric

MAY 3, 2024

As of December last year, the company had nearly 800 full-time employees in the U.S., Luminar is also looking to sub-lease some of its facilities in portions or fully, reducing global footprint as part of the restructuring. Germany, Sweden, India and China.

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Baua Electric

MAY 7, 2024

Tata Communications CloudLyte is at the forefront of edge computing and adeptly caters to the needs of global enterprises through its multi access, cloud, and infra agnostic architecture. Solution in a box’ enables enterprises with swift deployment (within minutes), and effortless scaling as required, thus future proofing investments.

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Baua Electric

MAY 19, 2024

The company has set a target to cross USD 2 billion, about INR 16,500 crore revenue by 2027. Electronic waste and battery recycling company Attero plans to invest around INR 8,300 crore in the next five years to ramp up its capacity, the company’s CEO and Co-Founder Nitin Gupta said. Work has already started there.

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Baua Electric

MAY 9, 2024

China is the world’s largest lithium battery market, accounting for some 57% of global demand in 2022, according to the Economist Intelligence Unit. China is the world’s largest lithium battery market , accounting for some 57% of global demand in 2022, according to the Economist Intelligence Unit.

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Baua Electric

MAY 27, 2024

New Delhi: Rockwell Automation , the world’s leading company dedicated to industrial automation and digital transformation, has appointed Azzurro, a subsidiary of the Illukkumbura Group, as a strategic partner to help drive business growth in Sri Lanka. In addition, there is a growing emphasis on sustainability and environmental stewardship.

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Baua Electric

MAY 21, 2024

The company will decide investments based on commitments it gets from automakers, Kusumi said, adding that it was assessing mid- to long-term market demand. It would probably take a while for the company to make a decision, Kusumi said. A slowdown in the take-up of electric vehicles in the U.S.

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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

MAY 3, 2024

Albemarle , the world’s largest producer of lithium for electric vehicle batteries , could look at reducing capital expenditure in the coming years if lithium prices remain flat, the company said on Thursday. Albemarle maintained its outlook for the year, in which it plans to spend between USD 1.6 billion and USD 1.8 billion and USD 1.8

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Baua Electric

JANUARY 10, 2024

New Delhi: MG (Morris Garages), a British automobile brand with a 100-year-old legacy, showcased its EV portfolio at the Vibrant Gujarat Global Summit 2024. As part of its continued focus on the state, the company also aims to enhance localization, introduce more skilling initiatives, and boost its production capacity.

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Baua Electric

MAY 3, 2024

The boards of various businesses of Raymond have given their nod for demerger of their engineering business to enable the company’s and newly acquired Maini Precision Product’s foray into certain sunrise sectors, the company said in a stock exchange filing on Friday.

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Baua Electric

JANUARY 17, 2024

Global demand for semiconductors began to weaken in the second half of 2022, but analysts say inventories at smartphone and computer makers are running down and restocking demand is expected to pick up. billion in the year-earlier period, but that still beat both the company’s and market’s expectations. billion ($7.21

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Baua Electric

APRIL 11, 2024

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.

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Baua Electric

MAY 27, 2024

E-waste and lithium-ion recycling company, Recyclekaro has registered on the government’s Extended Producer Responsibility (EPR) portal for e-waste recycling. India, a significant e-waste producer globally, generates 1.71 million metric tons annually, with only about 40% recycled last year.

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Baua Electric

MAY 23, 2024

The Gurgaon-based company has issued more than 1 million pre-series B preference shares at an issue price of INR 1,830 each, according to regulatory filings made by the firm with the Registrar of Companies. The round is expected to close by the end of next month. The firm plans to expand into Abu Dhabi later this year.

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Baua Electric

MAY 9, 2024

Honda will continue to provide products with new added value that is uniquely Honda, through various technological advancements and innovations, bringing ‘the joy of freedom of mobility’ to its customers, the company said. Honda has set a global target of achieving carbon neutrality in all its products and corporate activities by 2050.

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Baua Electric

MARCH 13, 2024

New Delhi: Global logistics major DHL Express on Wednesday said it will invest over INR 1,600 crore in India in next five years, taking note of the country’s rapid economic growth and expectations of its connectedness rising “swiftly” in coming years. He said “Incredible India” is not just for tourism but also for businesses in the country.

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Baua Electric

MAY 2, 2024

Softening Electric Vehicle (EV) demand has knocked down global lithium prices , hitting lithium producers such as Albemarle. However, the company reported an adjusted profit of 26 cents per share, below analysts’ average estimate of 27 cents per share. The company in January said it would cut jobs and defer spending on a U.S.

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Baua Electric

MAY 2, 2024

As part of the agreement, the engineers will also be trained and reskilled by the LTTS Global Engineering Academy. After the fourth and final quarter earnings announcement, the company said it is planning to add 500 employees during the April-June period. Its total headcount as on March 2024 stood at 23,812.

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Baua Electric

MAY 1, 2024

Auto engineering company Sona Comstar is planning to invest INR 1,200 crore over the next three financial years to productionise its INR 22,600crore order book of which just under INR 18,000crore are EV segment orders. Of the EV orders , 80% is global business and 20% is domestic. EV growth is high priority for us,” he added.

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Baua Electric

APRIL 17, 2024

Ramkrishna Forgings has signed an agreement to supply power train components to USA’s largest electric passenger vehicle producer, the company said in a stock exchange filing on Thursday. This deal signals the company’s debut in US’ electric vehicle market. At the time, benchmark indices were flat.

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Baua Electric

APRIL 12, 2024

New Delhi: Naxnova , a global leader in surface augmentation and technology solutions , formerly known as Classic Stripes, announced the successful acquisition of Advanced Thermal Technologies ( ATT ), a pioneer in thermal management solutions based in Austria, today.

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Baua Electric

APRIL 8, 2024

Chinese ride-hailing giant Didi Global said its self-driving unit’s joint venture with EV maker GAC Aion has received a business license, registering itself as the first JV in China for mass production of fully self-driving electric robotaxis in the country. The company did not specify which authority issued the license.

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