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Bosch to acquire light commercial HVAC business from Johnson Controls and Hitachi for USD 8 billion

Autocar Professional Bureau 23 Jul 2024

The transaction includes 16 manufacturing sites and 12 engineering locations in more than 30 countries.

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Budget 2024: EV players await clarity on FAME, EMPS

By Prerna Lidhoo 23 Jul 2024

There is no change in the PLI scheme for Auto and Auto components for FY25.

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Budget 2024: Allocation for roads reassures construction equipment makers, but stocks correct

By Shahkar Abidi 23 Jul 2024

Union Budget kept the allocation for Ministry of Road Transport and Highways' allocation largely unchanged. However, s...

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Budget 2024: Rural development push can boost auto sales

By Kiran Murali 23 Jul 2024

In the budget speech, Finance Minister Nirmala Sitharaman said a provision of Rs 2.66 lakh crore has been made for rur...

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Auto dealers applaud rural, aam aadmi focus of Union Budget 2024

Autocar Professional Bureau 23 Jul 2024

Automobile retailers have reacted positively to the Union Budget, adding that the renewed focus on the aam aadmi and t...

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Nidec executes MoU with Tata Elxsi

Autocar Professional Bureau 23 Jul 2024

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Jaguar TCS Racing to use Google Cloud AI to further optimise FIA Formula E performance

Autocar Professional Bureau 23 Jul 2024

From the moment the Jaguar I-Type 6 race car enters the pit garage, the winner of the 2024 ABB FIA Formula E Teams’ Wo...

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VW battery company and QuantumScape to industrialise solid-state EV batteries

Autocar Professional Bureau 23 Jul 2024

Companies join forces to advance world-leading lithium-metal technology toward mass- manufacturing for passenger EVs. ...

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onsemi selected to power Volkswagen Group’s next gen Electric Vehicles

Autocar Professional Bureau 22 Jul 2024

Company will be primary provider of fully optimized power system solution based on onsemi’s latest generation EliteSiC...

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