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Sona Comstar PLI Certification: Sona Comstar receives second PLI certification for E2W hub wheel motor, ET Auto - Vimarsana News

Sona Comstar PLI Certification: Sona Comstar receives second PLI certification for E2W hub wheel motor, ET Auto

Sona Comstar PLI Certification: The company had filed seven applications for different products under the PLI scheme, and it has received the certification for its two products till now, the company said.

Brembo brakes for all the 2024 Formula 1 grid, Auto News, ET Auto - Vimarsana News

Brembo brakes for all the 2024 Formula 1 grid, Auto News, ET Auto

Brembo Brakes: Brembo confirms the leadership in the Formula One World Championship ahead of the 2024 season, which starts on March 1 with the Bahrain Grand Prix.

Revenue growth of auto component industry to moderate to 5-7 pc in FY25: Report - Vimarsana News

Revenue growth of auto component industry to moderate to 5-7 pc in FY25: Report

Annual revenue growth of leading auto component manufacturing companies will come down to 5-7 per cent in the next fiscal due to moderation in domestic volumes and a drop in exports, rating firm Icra said on Tuesday. According to Icra estimates, its sample of 45 auto ancillaries, with aggregate annual revenues of Rs 2.7 lakh crore in FY23, is likely to grow by 9-11 per cent in FY24, driven by healthy domestic demand despite a high base and moderate growth in exports.

Magna International: Magna forecasts 2024 profit below estimates as EV makers cut production, ET Auto - Vimarsana News

Magna International: Magna forecasts 2024 profit below estimates as EV makers cut production, ET Auto

Magna International: Auto parts suppliers have been hit by a slowdown in demand for EV parts, as automakers scale back investments and shift focus to higher-margin hybrid and gas-powered vehicles. The Aurora, Ontario-based company expects full-year profit in the range of USD 1.6 billion to USD 1.80 billion. Analysts on average were expecting a profit of USD 1.90 billion, according to LSEG data.

PM Modi to address Bharat Mobility expo on February 2; 800 exhibitors to participate, ET Auto - Vimarsana News

PM Modi to address Bharat Mobility expo on February 2; 800 exhibitors to participate, ET Auto

Bharat Mobility Expo: Specialised exhibitions such as auto show (including electric and hybrid vehicles), ACMA Automechanika, large-scale tyre exhibition, urban mobility solutions (two wheelers/e-bikes, drones), EV Infra Pavilion (including charging stations and battery swapping) and other energy sources like hydrogen in the mobility landscape would be showcased.