Canada’s Magna expects to double EV parts, powertrain sales this year, ET Auto

Earlier in the day, the Canadian auto-parts supplier had raised its sales forecast for fiscal 2025 on sustained demand for parts, sensors and electrified powertrain systems. Canada’s Magna International said on Thursday it expects to “roughly” double sales at its unit that manufactures electric powertrains and parts for electric vehicles this year, as automakers rush…

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PMI Electro Mobility Solutions plans to raise INR 250 cr, ET Auto

The company’s electric buses currently operate in places, including Leh, Ladakh, Shimla, Rajkot, Surat, Kerala, Himachal Pradesh, Bhubaneswar, and Uttar Pradesh which is its biggest market. Electric bus maker PMI Electro Mobility Solutions plans to raise around INR 250 crore to part fund doubling of production capacity and meet working capital requirements, according to company…

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