Author
The author is a Principal Correspondent at BW Businessworld.
Based upon assumption of more localization of automotive component manufacturing post Corona, ACMA feels this will be the right time for the industry to get its act together.
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Founded in 2015 by a bunch of engineers, the company is appreciated by huge investors in the region including Hero MotoCorp-led Pawan Munjal.
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The outbreak has exacerbated the problems of the auto industry as there has been a record drop in factory-gate shipments of passenger cars, two-wheelers and commercial vehicles, as buyers stayed away amid the nationwide lockdown.
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Already in severe slowdown, COVID-19 outbreak and lockdown will further impact the domestic car, two-wheeler and commercial vehicle business
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The Jaipur-based firm has already kickstarted the process by introducing EMB series bearings for EV electric motor applications.
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Chinese auto major GMW hopes to roll out its first product for India in 2021
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GoZero Mobility set to launch e-bike under Rs 20,000 in May
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Altigreen is a home-grown venture floated by Amitabh Saran, Shalendra Gupta, Lasse Moklegaard, and John Bangura, experts in Electric Vehicle (EV) technology and business
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The Baoding, Hebei-headquartered firm unveiled its Haval brand of sport utility vehicles (SUVs) and vehicle concept 2025 at Auto Expo 2020 to mark its foray into the Indian market.
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Hyundai Aura is priced in the range of Rs. 5.80 lakh (ex-showroom, pan-India) to Rs. 9.23 lakh (ex-showroom, pan-India).
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