Baua Electric

MARCH 27, 2024

RRP Electronics , a company backed by former cricketer Sachin Tendulkar , on Tuesday announced an investment of INR 5,000 crore for a semiconductor facility in Maharashtra. The investment will be done over the next five years, the company said in a statement.

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Baua Electric

MAY 10, 2024

Motional is a joint venture between Hyundai Motor Group and auto parts supplier Aptiv. Autonomous vehicle technology company Motional has sacked around 550 employees, or about 40% of its workforce, in the US, reports said on Saturday. Motional is a joint venture between Hyundai Motor Group and auto parts supplier Aptiv.

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Baua Electric

JANUARY 18, 2024

Tata Technologies, which provides engineering services to auto, aero and heavy machinery makers, will set up skilling centres in 50 government-run industry training organisations. The latest investment is part of a larger commitment from Tata Group companies, such as Tata Consultancy Services and Tata Advanced Systems, to expand in the state.

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Baua Electric

MARCH 6, 2024

New Delhi: The Automotive Component Manufacturers Association of India ( ACMA ) at the 58th edition of the ACMA Excellence Awards and the 9th Technology Summit on March 05, 2024, recognized the exceptional contributions and achievements of 59 auto component manufacturers, and gave away 112 awards under various categories.

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Baua Electric

APRIL 27, 2024

Renault already partners with China’s Geely in thermal and hybrid powertrains, and collaborates with tech companies Google and Qualcomm in smart cockpits. Renault already partners with China’s Geely in thermal and hybrid powertrains, and collaborates with tech companies Google and Qualcomm in smart cockpits.

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Baua Electric

JULY 18, 2024

Gupta highlighted that Auto LPG, described as a ‘Net Zero Hero,’ generates 20% less CO2 than petrol and 60% less than diesel. Suyash Gupta , Director General of IAC, has reached out to the executives of these companies, emphasizing the significant advantages of Auto LPG. million tonnes.”

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Baua Electric

JULY 15, 2024

The company also plans to expand its testing to Delhi-NCR in the coming weeks. Namma Yatri , a zero-commission ride-hailing service , has begun piloting auto and cab rentals in Bengaluru and Chennai. This move positions Namma Yatri as the first ride-hailing service to pilot auto rentals in India.

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Baua Electric

JANUARY 17, 2024

The partnership comes as the European auto industry readies for a “battery passport” that will trace the content and carbon footprint of EV cells sold in Europe. Circulor CEO Douglas Johnson-Poensgen said the company was currently talking to companies up and down the EV battery cell supply chain. billion) investment.

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Baua Electric

APRIL 23, 2024

The company did not disclose how many employees were affected by the layoffs or which countries it is shifting roles to. The company’s sales suffered in the first quarter ended Dec. The plan would be completed by fiscal 2027, the company said, adding it expects about USD 60 million in reduced annual operating cost.

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Baua Electric

JULY 21, 2024

Hindalco Industries , the world’s largest aluminium rolling and recycling company, is looking at a bigger play in the auto component business by leveraging the growing electric vehicle (EV) industry, said people aware of the company’s plans.

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Baua Electric

JUNE 25, 2024

The company, which reported the cyber attack last week, did not immediately respond to a Reuters request for a comment. auto dealers to switch back to manual paperwork. .” auto dealers to switch back to manual paperwork. CDK’s software is used by over 15,000 retail locations in the United States.

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Baua Electric

MAY 16, 2024

Revenue from the company’s vehicle sales division rose 3.5% The Dallas-based company, which primarily provides services to sell damaged and total-loss vehicles to used-car dealers and dismantlers, has benefited from robust volumes of salvage vehicles. Revenue from the company’s vehicle sales division rose 3.5%

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Baua Electric

JUNE 30, 2024

subsidiary after discovering it forced subcontractors to store auto parts molds without paying the costs, local media reported on Sunday. Japan’s antitrust watchdog plans to issue a warning to a Toyota Motor Corp. Toyota Customising & Development Co. The subsidiary, in which Toyota holds a 90.5%

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Baua Electric

JUNE 10, 2024

We thank Vishnu Johri for his leadership to the organisation and wish him well, for all his future endeavours,” the company said in a media release. Ketkale is already hands-on with the organisation’s operations and we look forward to his leadership,” the company said. Johri has decided to move on for personal reasons. “We

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Baua Electric

JUNE 18, 2024

This strategic collaboration aims to leverage the strengths of both companies to provide a comprehensive range of products that cater to the evolving needs of automotive consumers. The new product line will include high-quality car accessories and premium car care solutions designed to enhance vehicle performance, aesthetics and longevity.

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Baua Electric

JANUARY 17, 2024

In fact last year, the company sought approval from the Competition Commission of India (CCI) to acquire a 24.5% This is merely a financial investment without providing the company any special rights in Pricol other than the rights as a shareholder,” Minda Corp had then said. In February last year, Minda Corp acquired a 15.7%

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Baua Electric

APRIL 24, 2024

Huawei said in November that the unit would be spun off into a new company which will receive the unit’s core technologies and resources and take investment from partners such as automaker Changan Auto.

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Auto Insight 2019 Chinese 52

Baua Electric

JULY 19, 2024

Zimbabwe ‘s state-owned Kuvimba Mining House has signed a 310 million deal with a consortium of British and Chinese investors for the construction of a lithium concentrator, the company announced on Thursday. Zimbabwe currently does not refine lithium, but exports concentrates to China for further processing.

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Baua Electric

JULY 17, 2024

The company has also catered to luxury car owners through its GoMechanic Luxe service line, launched in August last year. GoMechanic, now India’s largest after-market auto service network , has seen its service revenue triple post-acquisition by Servizzy.

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Baua Electric

MAY 21, 2024

Quarterly net sales at the auto parts supplier, which competes with Advance Auto Parts and O’Reilly Automotive , rose 3.5% On an adjusted basis, the company earned USD 36.69 to about USD 4.24 Analysts on average were expecting AutoZone to report third-quarter net sales of USD 4.29 per share, according to LSEG data.

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Baua Electric

MAY 24, 2024

billion rupees a year earlier for the company, which makes auto parts and accessories for cars, two wheelers and railways among others. India’s total vehicle production during the January-March period rose over 21%, which in turn also helped expand the auto parts demand. Net profit rose to 5.65 billion rupees (USD 67.99

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Baua Electric

MAY 3, 2024

Auto parts supplier BorgWarner raised its full-year adjusted profit outlook on Thursday, aided by sustained demand from its exhausts, turbos and emission control systems. The company has benefited from automakers rushing to put out vehicles with smaller engines that are powerful and meet modern emission norms. to USD 4.00. to USD 4.00.

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Baua Electric

MAY 15, 2024

The Indian mines ministry is also encouraging other state-owned companies, such as ONGC Videsh , to scout for critical minerals overseas, Rao told reporters at the sidelines of an industry conference in New Delhi. State-run miners Coal India and NMDC are exploring lithium mines in Chile and Australia , Secretary of Mines V.L.

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Coal India Zambia Auto 52

Baua Electric

MAY 26, 2024

New Delhi: Hyundai Mobis , South Korea’s leading auto parts maker, has said it plans to boost its investment in electric vehicle (EV) parts and automotive chips this year. Hyundai Mobis is considering investing not only in startups but also in listed companies, he added.

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Baua Electric

APRIL 11, 2024

The company faces a number of lawsuits from victims accusing the ride-sharing platform of failing to prevent sexual assaults against passengers. The company said in 2022 it had received about 3,800 reports of severe sexual assault in the U.S. in 2019 and 2020, down from nearly 6,000 over the prior two years.

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Baua Electric

MAY 13, 2024

Legacy systems and software, lack of standardization, and varying nomenclature across companies further exacerbate the cybersecurity challenges in the automotive supply chain. This complexity serves as a breeding ground for vulnerabilities, posing significant challenges for cybersecurity teams.

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Baua Electric

JUNE 20, 2024

The company has not disclosed details regarding the number of vehicles under Uber Green or specific expansion plans for the service in Kolkata. According to the company, EV drivers on Uber are adopting electric vehicles five times faster than the general public. This includes routes to and from Kolkata international airport.

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Baua Electric

MAY 28, 2024

Dinesh, who watched a mother grieving from the accidental deaths of her children, started building drones for improving healthcare facilities in rural India, according to the company’s website.

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Baua Electric

JANUARY 17, 2024

The two companies will announce the location for the factory, which should cost a “few hundred million dollars” in the near future, CEO Vincent Pluvinage told Reuters. The company says the process also saves money for automakers seeking affordable EV models. Nanowires are ultra-thin wires.

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Baua Electric

MAY 3, 2024

As of December last year, the company had nearly 800 full-time employees in the U.S., The plan will be implemented immediately and lead to an annual reduction in operating costs by USD 50 million to USD 65 million post completion by this year’s end, the company said. Germany, Sweden, India and China.

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Baua Electric

MAY 30, 2024

New Delhi: Kinetic Engineering Limited (KEL), the flagship of Kinetic Group and a leading auto component manufacturer , has reported 86% growth in FY24 profit at INR 5.22 The company has set a revenue target of INR 200 crore – INR 250 crore for the fiscal year 2024-25. cr – ET Auto appeared first on Bauaelectric Auto News.

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Baua Electric

JUNE 11, 2024

With the new introductions, Volkswagen has 18 service and 22 sales outlets in the state, making the brand more accessible to customers, the company said. Volkswagen is now represented across 158 cities with 145 service and 213 sales and pre-owned car touch points, the company said.

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Baua Electric

JUNE 7, 2024

Toyota Kirloskar Motor is expanding its used car business to key cities , with the recent opening of its first company-owned Toyota Used Car Outlet (TUCO) in New Delhi , branded as Toyota U-Trust. The move comes as the Indian used car market is projected to grow at a CAGR of 8%, currently surpassing the size of the new car market by 1.3

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Baua Electric

APRIL 18, 2024

This integrated hardware-software approach significantly improves the processing latency of information and simultaneously reduces the CPU load and power consumption for network-related tasks, the company said in a media release. The new software was developed in close collaboration with leading hardware vendors, including Infineon.

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Baua Electric

JUNE 5, 2024

Auto components maker Uno Minda on Wednesday said it has tied up with China’s Suzhou lnovance Automotive Co for production of electric vehicle components. The company aims to further strengthen the partnership by transitioning it into a joint venture , subject to necessary approvals, it added.

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Baua Electric

APRIL 24, 2024

Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. It now expects to report organic revenue growth for parts and services between 2.5% for 2024, down from its prior guidance of 3.5%

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Baua Electric

JANUARY 17, 2024

The likely decline in profit also reflects a strong performance in 2022, when the company, whose customers include Apple and Nvidia, was still riding high on pent-up post-pandemic demand. billion in the year-earlier period, but that still beat both the company’s and market’s expectations. billion ($7.21 billion ($20.10

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