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Servotech inks MoU with UP government to establish EV Charger manufacturing plant in UP
Automotive Industries - Aug 14,2023
The Government of Uttar Pradesh and Servotech Power Systems Ltd., a leading EV charger manufacturer in India, have signed an MoU to establish an EV charger manufacturing factory with backward integrat .

Daimler India plans to manufacture E-buses, hydrogen trucks
Automotive Industries - Aug 09,2023
Daimler India Commercial Cars (DICV) is reportedly considering entering the Indian market with electric buses and hydrogen trucks, aligning with India's transition towards zero-emission vehicles. .

Lord’s Mark Industries, Kerala Automobiles establish JV for EV production
Automotive Industries - Aug 07,2023
Mumbai-based Lord's Mark Industries Limited has partnered with Kerala Automobiles Ltd to manufacture electric 2 and 3-wheelers, passenger vehicles, and loaders. The joint venture aims to produce .

Eicher Motors Q1 net rises 50 per cent
Automotive Industries - Aug 04,2023
Eicher Motors, the parent company of Royal Enfield, reported a 50% increase in Q1 net profit to Rs 918 crore, attributed to higher sales and revenue. Income from operations rose 17% to Rs 3,986.4 cror .

M&M to invest Rs 500 crore to strengthen its EV infra in Tamil Nadu
Automotive Industries - Aug 01,2023
Mahindra & Mahindra has increased its investment in Tamil Nadu's EV infrastructure by over 500 crore to accelerate the development of EV platforms for electric SUVs. They invested 210 crore to bu .

Toyota plans to establish ancillary manufacturing unit in India
Automotive Industries - Aug 01,2023
Toyota is considering establishing an auxiliary manufacturing facility in India to capitalize on New Delhi's emergence as a manufacturing hub and reduce dependence on China for supplies. The Japa .

Bajaj Auto increases push in EV market, lines up Rs 500-crore investments
Automotive Industries - Aug 01,2023
Bajaj Auto is intensifying its efforts in the electric vehicle (EV) market for both two-wheelers and three-wheelers. After evaluating product performance and customer reactions, the Pune-based company .

Sona Comstar to invest Rs 100 crore in Chennai facility
Automotive Industries - Jul 31,2023
Sona BLW Precision Forgings (Sona Comstar), a leading automotive technology provider, plans to invest Rs 99.7 crore to expand its Chennai facility's production capacity of EV traction motors and .