Significant investments have been made, which has created a surge in demand for green fuels. At the same time, we experience a burgeoning yet nascent bio- and e-methanol production industry.
Private equity firms are increasing investments in India's electric two- and three-wheeler industry amidst a slowdown in electric passenger vehicle sales. Total funding in the first half of 2024 reached USD 754 million. Electric two-wheeler sales are on the rise, but electric passenger vehicle sales have declined. Challenges such as range anxiety and inadequate charging infrastructure persist.
Automobile exports from India rose 15.5% year-on-year in the June quarter, with all verticals, except three-wheelers, recording growth, according to the latest SIAM data. The overall shipments reached 11,92,577 units in the first quarter of the current fiscal year compared to 10,32,449 units in the same period last fiscal.
Mercedes-Benz is considering assembling more electric vehicles at its plant in India. This move aims not only to reduce costs but also to advance the company’s goals of zero emission mobility and a carbon neutral setup. Mercedes-Benz India already assembles its flagship electric luxury sedan EQS at the Chakan unit and is evaluating the localisation of other models based on demand.
Tesla paused India talks after Elon Musk canceled an April visit. With capital constraints, declining deliveries, and Cybertruck, Mexico plant delays, focus shifts to Tata Motors, Mahindra. Musk's import tax cuts favored USD 497M+ foreign EV investment. No comments from Heavy Industries Ministry, Modi.
India's Jammu and Kashmir failed to attract bids in its second attempt to auction mining rights for newly discovered lithium reserves, estimated at 5.9 million metric tons. The block may now be assigned to a government agency for further exploration. This comes amid India's strategic focus on securing critical minerals for electric vehicle batteries.
Senior BJP leader Nitin Gadkari, known as the 'Highway Man of India', has been instrumental in the construction of national highways and new roads, serving as the Minister for Road Transport & Highways in the last two governments led by Narendra Modi.
While the growth momentum in renewable energy capacity is likely to continue, coal will remain an important source of electricity in the next 8-10 years, which mitigates stranding risks for coal-based power assets, it said.
Following the conclusion of the country's largest electoral activity, the Aviation Ministry has initiated efforts on a new project: urban air mobility. Reports suggest that India's aviation regulator, the Directorate General of Civil Aviation (DGCA), is rumored to have established several technical committees to develop a roadmap for the introduction of air taxis in the country. The project is expected to commence in major urban centers such as Delhi-NCR, Mumbai, and Bengaluru by 2026, with plans to expand to other cities like Chennai and Hyderabad thereafter.
India's coal production rose by 10.15% to 83.91 million tonnes in May, with Coal India Ltd accounting for over 80% of output.
Apollo Tyres' global success with Indian-manufactured tyres highlighted by MD Neeraj Kanwar. Tyres under Apollo and Vredestein brands accepted worldwide, including in Germany and the US.
This comes two weeks after Ola founder Bhavish Aggarwal snapped ties with Microsoft Azure after LinkedIn deleted his post related to "pronoun illness" of western AI models. Experts, however, say that losing Ola as a customer for AWS and Microsoft is only a needle in the haystack.
Punit Goyal, co-founder of BluSmart, plans to expand operations to Dubai with 100 Audi EVs, aiming for 300 Audi and Tesla vehicles by December.
India is positioning itself as a key player in the renewable ammonia market with several international trade agreements already inked and more on the horizon. According to S&P Global Commodity Insights, however, industry insiders emphasize the need for greater policy clarity and price stability to transform these agreements into binding deals.
The recent government initiatives have played a major role in this. As of November 2023, the Ministry of New and Renewable Energy has approved 50 solar parks with an aggregate capacity of around 37,490 MW in 12 states across the country.
Citroen appointed Mahendra Singh Dhoni as their brand ambassador in India, reinforcing their commitment to the Indian market with shared values of sustainability and mobility.
Engineering exports are expected to rise on the back of global trade pick-up in coming months, says EEPC India Chairman.
India is the only top five steel producing nation to see growth in production in April, while China, Japan, and the United States experienced a decline. India's steel production rose by 3.6% in April, with a total of 49.5 million tonnes produced from January-April this year.
Gail (India) intends to invest up to INR 50,000 crore in constructing a 1.5 million tonnes per annum ethane cracking unit at Sehore, Madhya Pradesh, according to sources familiar with the matter. This significant investment marks one of the largest proposed capital expenditures by the state-run gas utility.
Refiners in India briefly stopped importing Russian oil in tankers belonging to Sovcomflot after the company's ships, along with its 14 tankers, were designated by Washington in February as being in breach of Western sanctions.
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Sonia Kathuria | Unlock to View | Unlock to View | Director | 16 Mar,2007 |
| Ranbir Singh Vasdev | Unlock to View | Unlock to View | Director | 28 Feb,1995 |
| Narinder Paul Kathuria | Unlock to View | Unlock to View | Director | 31 Mar,1992 |
| Parmeet Vasdev | Unlock to View | Unlock to View | Director | 01 Apr,1991 |
| Sanjeev Vasdev | Unlock to View | Unlock to View | Managing Director | 26 Oct,1989 |
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
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