More than 1600 Australian electric car drivers will be slowed down by a worldwide recall after a luxury car brand revealed a serious braking issue with one of its most popular models. The federal transport department issued a recall for all Porsche Taycan models in Australia, in a notice that will affect 1657 vehicles. The … Read more
New Delhi: Auto components maker Minda Corporation on Friday said it has inked a pact to form a joint venture with Taiwan-based HSIN Chong Machinery Works Co to locally produce sunroofs for passenger vehicles. The 50:50 partnership aims to localise the production of sunroof and closure technology products. “This collaboration underscores our commitment to Atmanirbhar … Read more
NSE’s index services subsidiary, NSE Indices, on Friday launched a new strategy index — Nifty500 Equal Weight — which represents an alternative weighting strategy to its parent index, the Nifty 500. It includes the same companies as the Nifty 500, however, weighed equally, an NSE press release said. The base date for the index is … Read more
Auto parts maker ASK Automotive on Wednesday said it has entered into a joint venture pact with Japanese auto components supplier AISIN Group Companies in the passenger vehicle space. As part of the collaboration, the two partners will market and sell the auto components in “independent after markets for passenger car production”, ASK Automotive said … Read more
“The global semiconductor sector is positioned for a decade of expansion and is forecasted to reach a trillion-dollar industry by the year 2030 driven by automotive, data storage, and wireless industries,” says Anil Rego, Founder and Fund Manager at Right Horizons – A SEBI-registered PMS provider. In an interview with ETMarkets, Rego said: “We are … Read more
