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AUTOMOTIVE LOCALISATION AND SOURCING
Auto component suppliers sit on Rs 98,000 cr inventory, says reportIndian auto component firms hold significant inventory, potentially releasing billions through better management. Many MSMEs need to invest...- ET Prime Special Series: Multibagger or IBC - Part 74: This auto ancillary has monopoly over a part which EVs can't killFor many old auto suppliers, EVs raise an existential question: Will their product still be required? Here, the debate is different. The ba...
- Auto industry must turn disruption into strength, says Maruti Suzuki CEOThe auto sector must become stronger due to disruption in the next decade. Deep localization, people development, collective learning, and ...
- Hyundai goes big on India with 26 new models as it plots 100+ vehicle global offensiveHyundai is gearing up for an extensive expansion, aiming for over one hundred global vehicle launches and enhancements by 2030. In India, t...
- Beyond assembly: Why India may need to move from scale to finesse in manufacturingIndia’s manufacturing opportunity is shifting from scale and assembly to deeper capabilities, engineering and innovation.
- Optimized builds satellites to focus on Earth, space trafficThe group has started building satellites after working for more than two decades on space payloads, testing infrastructure, electronic ass...
- Tata talks subassembly production with ASMLASML is the world’s sole supplier of extreme ultraviolet (EUV) photolithography machines required for producing the most advanced semicondu...
- Amara Raja bets on standard Li-ion cells, commissions CQP ahead of gigafactory rolloutAmara Raja Energy & Mobility will initially produce standard lithium-ion cells for e-two-wheelers and energy storage, avoiding early depend...
- Amara Raja to phase lithium-ion cell rollout with focus on standard battery cellsAmara Raja Energy & Mobility is entering lithium-ion cell manufacturing with a measured approach. The company will initially produce standa...
- Auto components industry expected to grow 8-10% in FY27: ACMAExperts predict an 8-10 percent growth for India's auto component sector this fiscal year, riding on robust domestic demand and export perf...
- Germany’s BENTELER expands India manufacturing footprint, leases space in PuneGerman auto component maker BENTELER Automotive is expanding its manufacturing presence in Pune's Chakan. The company has leased additional...
- Hyundai Motor India plans to launch EV models in future; electric version of Creta by Q4 FY25Hyundai Motor India Ltd plans to launch four electric vehicle models, including the Creta EV, in the final quarter of the current fiscal ye...
- Auto industry to invest $7 bn in 5 years to deepen parts localisationThe Indian auto industry is set to invest up to $7 billion by FY28 to deepen localisation of advanced components, including electric motors...
- Government buys EVs back from users to take apart and check for local partsThe inspection covers multiple units of all the electric two-wheeler makers who have availed of subsidies under the FAME-India scheme. The ...
- Boost localisation of automotive parts, reduce dependency on imports, says Amitabh KantAsking the automotive industry to focus on "low hanging fruits that could be localised in a short period", Kant said, the localising of mec...
- Electric two-wheeler makers struggle to find local suppliers even as deadline expiresThe govt extends subsidies of Rs 10,000-20,000 or more to buyers of electric two-wheelers to promote EV adoption as part of the FAME scheme...
- Government extends deadline for EV components localisation by six monthsThe move is expected to help the fledgling EV industry as the localisation plans of several companies were derailed due to the disruption f...
- Govt to study auto supply chain to boost localisationThe move follows a meeting between commerce & industry minister Piyush Goyal and senior auto industry representatives on August 13 to delib...
- Government officials meet with auto companies to discuss localisation initiativesThere was a call to collaborate, monitor capacity and take stock of mutual competencies, given the view that organisations were working ind...
- Motown, govt officials to brainstorm soon on slamming brakes on imports from ChinaGovt officials will soon meet executives of auto firms to prepare a road map aimed at localising production.
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