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Auto Component Manufacturing Hub: Union road transport minister Nitin Gadkari highlights Kolhapur's potential to become a hub for manufacturing automobile components and aims to boost the ethanol industry. He discusses plans for renewable energy, irrigation projects, and encouraging the IT industry in the region.
Icra forecasts Rs 25,000 crore investment by auto component industry in 3-4 years for electric vehicle parts, with a strong focus on enhancing EV production, localisation, and addressing manufacturing challenges.
Pavna Industries partnered with OLA Electric for auto components supply in the domestic EV sector, emphasizing entry into the two-wheeler electric vehicle segment. Shares of Pavna Group closed at Rs 561.40 on BSE.
ACMA EV Expo 2024: The 4th edition of the ‘Transforming Mobility 2024 -Global Summit & Expo’ facilitated global and domestic opportunities for 50+ EV component manufacturers across vehicle segments.
That Japan turned to TSMC for help on an industry it once dominated reflects the Taiwan chipmaker's dominant position in the foundry business and Tokyo's heightened concern over China's growing prowess in a wide swathe of technology.