ARAI develops chargers for electric vehicles The Automotive Research Association of India (ARAI) has indigenously developed a charger for electric vehicles to give a push to the EV ecosystem in the country, as per a statement.

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Wardwizard to increase investment in EV business Electric vehicle maker WardWizard Innovations & Mobility plans to invest Rs 1.5 billion in the business in the next six months to ramp up technology and infrastructure, due to increased demand.

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Govt PLI scheme to boost EV two-wheeler production According to an analysis done by Kotak Institutional Equities, the PLI scheme for autos provides incentives in the range of 13-18% of sales value to OEMs for manufacturing EVs in India.

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TechSci sees automotives dominate Indian Digi multimedia market A TechSci Research report has predicted the future growth potential of India Digital Multimeter market and provided statistics & information on market size, shares, structure and future market growth.

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US-based Allison Transmission buys AVTEC’s off-highway component units Allison to pay approximately $27 million in cash for AVTEC’s off-highway transmission portfolio and Madras Export Processing Zone (MEPZ) off-highway component machining business.