US truck engine maker Cummins Inc said that it will buy auto parts maker Meritor Inc for $2.58 billion in cash, to beef up its electric and hybrid vehicle parts offerings.
Tag: powertrain
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HOP Electric to raise Rs 2 billion to expand production capacity
HOP Electric plans to launch an e-bike called OXO and follow it up with two more scooters. It will set up another plant in Jaipur by February 2022 to increase its production capacity to 1.5 lakhs per year.
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Bengaluru-based Simple Energy plans to introduce a multiple product range
Simple Energy plans to launch a B2B product by 2021, a new powertrain by mid-2023 and an e-bike by 2022. It was currently focusing on setting up a factory with one million capacity at Hosur
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Vitesco and Padmini VNA form JV to offer powertrain solutions for clean mobility
The JV - PV Clean Mobility Technologies - will focus on sensors and actuators, as well as fuel delivery modules for passenger car, commercial vehicle and two-wheeler-markets.
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Ford and Mahindra sign pact to share powertrain
While Ford will procure BS VI petrol engines from Mahindra starting in 2020 for its vehicles, two companies will jointly develop telematics control unit for connected vehicles
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Mahindra and Ford ink pact to share powertrain and develop telematics
While Mahindra will supply BS VI petrol engine to Ford India starting in 2020 for its vehicles, two companies will jointly develop telematics control unit for connected vehicles
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Greaves Cotton buys majority stake in EV firm Ampere
This acquisition will accelerate the development of clean energy technology solutions for mobility needs of passengers and small businesses
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Continental realigns organisational structure for future mobility
The technology company Continental has decided to undertake one of the largest organisational realignments in the company’s history
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“Buoyancy in Indian 4W market is spurring demand for fuel modules”
While internal combustion engine (ICE) presently dominates the global mobility, the demand for efficient emission reduction technology is on the rise
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Continental realigns organisational structure for future mobility
The Group reorganises the Automotive divisions Chassis & Safety and Interior; while Powertrain division to become an independent legal entity