- In March 2024, Volkswagen entered a strategic partnership with Mobileye to integrate new automated driving features into mass production vehicles. This collaboration aims to introduce advanced, premium driving functions that enhance both highway and urban driving experiences. In addition, the integration of shock-absorbing components improves vehicle stability and comfort, further enhancing driver safety
- In January 2024, Tata Passenger Electric Mobility Ltd. began manufacturing passenger vehicles at its state-of-the-art facility in Sanand, Gujarat. With an annual production capacity of 300,000 units, the plant has the potential to expand its output to 420,000 units annually. This expansion is a significant step in meeting the growing demand for electric vehicles in India
- In April 2023, ZF Aftermarket unveiled an expanded product line featuring over 770 new parts designed for a wide range of vehicles, including internal combustion, fully electric, semi-automated, and hybrid models. This expansion reflects ZF's commitment to providing comprehensive aftermarket solutions for diverse vehicle types, improving the efficiency and performance of modern automotive systems
- In April 2023, BYD introduced the DiSus electric-powered body control suspension system for its electric cars. This innovative system enhances driving comfort by providing superior handling and a smoother ride, particularly on rough or unpaved roads. DiSus is a key component in BYD’s efforts to improve the overall driving experience and vehicle performance in various conditions
- In April 2023, The Indian Union Government announced the standard operating procedure for the Production Linked Incentive (PLI) scheme aimed at promoting automotive component manufacturing. This initiative supports the growth of the automotive sector by offering financial incentives to companies producing high-quality, competitively priced automotive components. It encourages domestic production and strengthens India's position in the global market
