India in Position to Become a Global Auto Component Manufacturer

Tuesday, August 08,2023

The cumulative growth rate of the Indian Auto Component Inc. over the last five years has reached 4.1 percent, with the rate of growth in exports (5.7%) being double that of imports, thereby helping to reduce the trade deficit, which was pegged at...

Bosch to Bolster its Manufacturing in India

Wednesday, August 02,2023

Bosch Ltd, the Indian arm of German automotive supplier Robert Bosch GmbH, said on August 1 that it plans to increase manufacturing in India over the next two to four years. The technology supplier intends to increase the percentage of goods produ...

Tamil Nadu Government Onboards Foxconn To Build Chipmaking Facility

Monday, July 31,2023

Based on a senior state government source with direct knowledge, a Foxconn unit will sign an agreement with India's Tamil Nadu state on July 31 to build a new facility for electronic components that will create 6,000 new jobs. According to the sou...