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The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry today announced the findings of its Industry Performance Review for the fiscal year 2023-24. The turnover of the automotive component industry stood at Rs. 6.14 lakh crore (USD 74.1 billion) for the period April 2023 to March 2024, registering a growth of 9.8% over the previous year.

Invers enables car sharing operators to launch and operate fleets at scale with integrated hardware and  software solutions. As the inventor of automated vehicle sharing, Invers is developing and reliably  maintaining the fundamental building blocks to offer its customers cost-efficient and easily  implementable technical solutions. 

Future Mobility Media shines a spotlight on Raptee as a startup in electric mobility. In a talk with Dinesh Arjun,…

Future Mobility Media spotlights Knot Consulting as a standout startup in the automotive industry. Ramkumar Krishnakumar, Founder and Partner, shares the rapid growth of Knot Consulting since its inception and strategic expansion into Europe.

India is transitioning its automotive industry with advancements in EVs, connectivity, and ADAS. Government initiatives like ‘Make in India’ and PLI schemes are driving this change, positioning India as a key hub for automotive production and innovation, writes Soumen Mandal, Senior Analyst at Counterpoint Research.

Hyundai Motor India Limited (HMIL) has signed an MoU with CHARGE ZONE to bolster HMIL’s EV roadmap in alignment with the Government of India’s EV adoption strategies. CHARGE ZONE will install DC 60 kW fast chargers across 100 HMIL dealerships in India. The MoU was signed by Jae Wan Ryu, Function Head – Corporate Planning at HMIL, and Kartikey Hariyani, Founder & CEO of CHARGE ZONE, at HMIL’s headquarters in Gurugram, Haryana.

Mahindra Last Mile Mobility Limited (MLMML) has announced a strategic partnership with Ecofy. This collaboration aims to accelerate the adoption of electric three-wheelers in India, combining Mahindra’s manufacturing expertise with Ecofy’s innovative financing solutions. Suman Mishra, MD & CEO of MLMML, emphasized the partnership’s role in making green mobility accessible and affordable, supporting micro-entrepreneurs with tailored finance solutions.

Norton Motorcycles, under TVS Motor Company’s ownership, is gearing up for global expansion with a significant investment of £200 million. This investment will fund new product development, state-of-the-art facilities, and research, marking a new phase for Norton. The company plans to introduce six new models over the next three years, with a focus on the USA, Germany, France, Italy, and India.

Ashok Leyland has bagged the single largest fully built bus order from the Maharashtra State Road Transport Corporation (MSRTC) for 2104 units of Viking passenger buses. These modern, fully built buses will be fully compliant with the latest CMVR standards, will feature an AIS 153 compliant body, and will have the proven iGEN6 BS VI OBD II technology with 197 HP H-Series Engine, and Rear Air Suspension, among other significant features. These buses will be manufactured at Ashok Leyland’s exclusive bus body plants with state-of-the-art technology and will offer enhanced safety, improved comfort, and a lower total cost of ownership for MSRTC.

Altair has signed an MoU with the Automotive Research Association of India (ARAI) to foster technology and digital transformation in the automotive and heavy engineering sectors. This collaboration will leverage digital twin technology, data-driven design, and AI-powered engineering solutions to drive innovation and sustainability. Both organisations will work together to enhance digital transformation and product development.