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Auto Components Industry India News & Recent Update | IBEF

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Mahindra CIE to acquire Aurangabad Electricals for Rs 875.6 cr New Delhi: Mahindra CIE Automotive will acquire Aurangabad Electricals Ltd through acquisition of 100 per cent equity shares for a value of Rs 875.60 Crore (US$ 121.36 million)....

PTI March 13, 2019

Cabinet okays 5-year plan for 'phased manufacturing' of EV batteries New Delhi: A National Mission on Transformative Mobility and Battery Storage is expected to be set up to "drive clean, connected and shared mobility" initiatives....

Business Standard March 08, 2019

PE firms set to drive consolidation in India's auto components industry Mumbai: India’s auto components industry may witness consolidation in the near future as private equity (PE) firms are showing increasing interest in acquiring and aggregating mid-sized auto parts makers....

Livemint March 06, 2019

Cabinet clears Rs 10,000 crore FAME II scheme New Delhi: The Government of India has cleared the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME II) scheme with an outlay of Rs 10,000 crore (US$ 1.41 billion), effective from April 01, 2019 for a period of three years....

PTI March 01, 2019

JBM acquires majority stake in German auto firm Linde-Wiemann Mumbai: Auto components major JBM Group has purchased a majority stake in Linde-Wiemann, a German structural components and assemblies producer, for an undisclosed amount....

Livemint February 26, 2019
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