Pinnacle Industries eyes INR 750-cr revenue in FY24, seeks JV partners abroad for exports, ET Auto

Pinnacle Industries Vande Bharat Executive Seats New Delhi: Pinnacle Industries, manufacturer of automotive interiors, seating systems and specialty vehicles, is looking to clock INR 750 crore revenue in the current fiscal year. “With robust demand from OEMs, we have grown by about 15% year-on-year in the last two years. Now we are targeting INR 750…

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Skoda Auto opens Parts Expedition Centre in Pune, to facilitate exports to ASEAN region, ET Auto

This 16,800-square metre facility is set to accelerate the company’s export operations in the ASEAN region, starting with Vietnam from 2024. New Delhi: Skoda Auto Volkswagen India Private Limited (SAVWIPL) has inaugurated its Parts Expedition Centre (PEC) at the Volkswagen Group’s Headquarters in Chakan, Pune. This 16,800-square metre facility is set to accelerate the company’s…

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Honda partners with Navitasys to make battery packs locally, to accelerate EV foray in India, ET Auto

“Honda is charting a course to launch an electric model, collaborating with NVT Power (which is Navitasys in India) for battery supplies,” said one of the multiple industry sources ET spoke with on the subject. Honda Motorcycles & Scooters (India), the only major two-wheeler brand without an electric offering yet, will make battery packs locally…

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official, Auto News, ET Auto

This is not the first auction for the 20 GWh PLI capacity. Initially, this was allocated to Hyundai Global Motors, a company said to be impersonating South Korean auto giant Hyundai Motor Co. Production-linked incentives (PLI) for setting up advanced chemical cell (ACC) batteries will continue to be bid out in batches of 5 Gigawatt…

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