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ICRA Warns of Rare Earth Magnet Shortages Impacting Indian Auto Sector by July 2025
June 12, 2025
Neodymium-iron-boron (NdFeB) magnets, critical for high-performance uses like EV traction motors and power steering systems, are heavily imported – around 85 percent of India’s USD 200 million imports in FY2025 came from China.
MT Bureau
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Daimler And Toyota Agree To Integrate Mitsubishi Fuso And Hino
June 12, 2025
Daimler And Toyota Agree To Integrate Mitsubishi Fuso And Hino
MT Bureau
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Mercedes-Benz Introduces India-Inspired AMG G 63 Collector's Edition At INR 43 Million
June 12, 2025
Deliveries of these 30 units are scheduled to commence from Q4 2025 onwards. The Mercedes-AMG G 63 'Collector's Edition' is priced at INR 43 million (all-India ex-showroom).
MT Bureau
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Hyundai Mobis Develops New Tech To Prevent Rear-end Collisions
June 12, 2025
The solution works when the driver engages the Smart Cruise Control (SCC) function on the highway. When the sensors detect any other vehicle at a proximity of 10 metres or less, it first emits an audio alarm or a visual warning on the cluster.
MT Bureau
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Allison Transmission To Acquire Dana's Off-Highway Business For USD 2.7 Billion
June 12, 2025
The move will allow Allison to offer a broader spectrum of commercial-duty powertrain and industrial solutions to a wider customer base and end-users worldwide.
MT Bureau
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Jupiter Electric Mobility Launches First Showroom in Bengaluru, Unveils JEM Tez e-LCV
June 12, 2025
The JEM Tez is built to meet the demands of last-mile delivery and intra-city freight movement. It features a certified range of over 190 km, an 80 kW peak motor, 23 percent gradeability and a 1.05-ton payload capacity.
MT Bureau