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.
Tag: OEM
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Auto makers to focus on Software-driven transformation
The leading original equipment manufacturers (OEMs) in the automotive industry are expected to gain a 9% higher share through Software-driven transformation, as per the report from the Capgemini Research Institute.
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Air Products and Cummins to jointly work on hydrogen fuel cell trucks
Cummins will provide hydrogen fuel cell electric powertrains integrated into selected OEM partners’ heavy-duty trucks for Air Products. Air Products has begun converting its global distribution fleet to hydrogen fuel cell vehicles.
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Atul Auto partners CSC Grameen eStore to tap rural market
Atul Auto Ltd has announced its partnership with CSC Grameen eStore which is an initiative by CSC eGovernance Services India Ltd for the promotion of digital ordering and delivery in rural areas.
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ICRA: Demand for tyres set to grow in India
After two years of contraction, the Indian tyre industry's demand is poised to grow by 13%-15% in the original equipment manufacturer (OEM) segment this fiscal, according to ratings agency ICRA.
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Valeo unveils Universal Flat Wiper Blades
Valeo will initially focus on supplying to OEMs and will later target aftermarket.
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Tata Motors installs 1 lakh telematic systems
Setting a new benchmark in the connected vehicle technologies, Tata Motors Ltd (TML) became the first OEM to install 1 lakh advanced telematic systems on its medium & heavy commercial vehicles (MHCVs).
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Plastics: Adding flexibility, aiding innovation
Indian automotive industry is on the cusp of a major transformation. On one hand, the passenger vehicle sales in India are soaring (it crossed the 3 million mark in 2017-18).
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India Rubber Expo to be held in Mumbai in January 2019
The 10th edition of the India Rubber Expo (IRE), the flagship event of All India Rubber Industries Association, will be held in Mumbai from January 17-19, 2019.
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Trucking industry is shifting gears
Autonomous driving, electrification and digital connectivity are set to make smart logistics and up to 40 percent lower operating costs a reality, says Roland Berger.