Ukraine crisis may hamper global auto industry Russian troops are on the move, pushing into two regions of separatist-controlled Ukraine and threatening to invade the rest of the country. But there could be some serious collateral damage to the U.S. and its allies.

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India eyes Bangladesh as a major auto hub As Sri Lanka is engulfed by its economic crisis, the new destination for Indian auto companies seems to be Bangladesh which is on the brink of a major economic boom, spurring auto majors to look eastwards.

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Bharat Forge to acquire JS Autocast The auto component maker Bharat Forge Limited along with its subsidiary, BF Industrial Solutions Limited announced 100% acquisition of Coimbatore-based JS Autocast Foundry India Private Limited.

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Omega Seiki, Log 9 to launch EVs in tier II and III cities Omega Seiki Mobility (OSM) and Log9 Materials have formed a strategic partnership to deploy 10,000 3-Wheeler Rage+ Rapid EV’s in Tier II and III markets of India by FY24.

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OLA to set up R&D facility for electric car in UK Indian tech company Ola has announced plans to invest Pound 100 million in the UK to open a research and development facility for a planned electric car, in a significant boost to the British automotive industry.