MoEVing, Sona Comstar partner for tech, design components development for commercial EVs

Electric mobility platform MoEVing has announced that it has signed an agreement with automotive technology firm Sona Comstar to develop technologies and design components suitable...

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Toyota Group invests ₹ 4,800 Crore to make EV components in India

Recently, Toyota Group of Companies inked an MoU with the Government of Karnataka to invest ₹ 4,800 crores on manufacturing activities in the state. The company plans to produce ke...

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75 applicants approved under “Component Champion Incentive Scheme” of Auto PLI: MHI

The Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India has been successful in attracting proposed investment of ₹ 74,850 crore against the...

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115 companies applied for PLI scheme for automobile and auto component industry: MHI

The Ministry of Heavy Industries, India has announced that a total of 115 companies have filed their application under the Production Linked Incentive (PLI) Scheme for Automobile a...

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ACMA: Indian auto component industry grew by 65% in the first half of FY 2021-22

The Indian auto component industry grew by 65 percent to Rs. 1.69 crore (USD 26.6 billion) in the first half of 2021-22 and most auto component makers are ready to e...

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