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MSL becomes subsidiary of Bajaj Holdings and Investment

MSL at present manufactures pressure die casting dies, jigs and fixtures, primarily meant for two and three - wheeler industry.

CAIT for lowering GST rates on auto parts, aluminium utensils

Confederation of All India Traders (CAIT) also suggested to review items placed under different tax slabs under GST as many of the products are overlapping.

Auto component industry seeks stable road map for electric vehicle transition

Earlier this week, auto industry body SIAM had asked the government should follow a well laid out road map and a practical time frame for rollout of electric vehicles.

Automotive safety components maker Joysons to merge its two JVs in India

Under the terms of the agreement, the shareholding structure of JAASS will be: JSS 65%, Anand Group 30% and Abhishek Group 5%, Anand Group said in a release.

Tata AutoComp enters into a 50:50 joint venture with South Korea's SECO Seojin to diversify in clutch market

SECO currently manufactures clutch systems for passenger vehicles in its plant in Chennai and supplies to Hyundai. This plant will become a part of the Joint Venture.

Flash Electronics files patent violation suit against Enfield arm in US

Royal Enfield (RE) has denied the charge, saying the intellectual property rights to the technology are owned by its supplier.

Flash Electronics raises Rs 200 cr to expand operations

The funds will be utilised to upgrade products for transition to BS VI emissions standards, set up production lines and scale up its gears business, the company said.

Adarin builds hybrid drivetrains for cars

Several auto makers say hybrid drivetrains will help stem compliance costs, but are wary about investing in a technology that could be eclipsed by zero-emission electric vehicles.

Sigma completes exit from JV companies with sale of shares

After the share sale, Sigma Group has ceded control of the joint venture companies’ four manufacturing facilities in and around Chandigarh to its former partners.

GFG Alliance appoints former Vedanta CEO Mahendra Singh Mehta as country head for India

GFG, whose business spans metal manufacturing, engineering, energy, financial services and property will also soon unveil the executive lead teams in India.

Varroc Group banks on changing regulations to sustain double digit growth

The company had earlier set itself a turnover target of Rs 20,000 crore by fiscal 2021, which means it will have to grow at a compounded annual growth rate (CAGR) of 22%.

Electric vehicle transformation to hit hard auto part suppliers, small players: Report

Electric vehicle transformation to hit hard auto part suppliers, small players: Report

The reason lies in the fact that Electric vehicle is relatively simpler to build with only 20 moving parts against around 2,000 in an ICE (internal combustion engine) vehicle.

Eveready Industries may monetise land to reduce debt and fund growth

Eveready Industries may monetise land to reduce debt and fund growth

The move to sell surplus land is expected to further strengthen the company balance sheet by reducing its total debt outstanding pegged at Rs 200 crore.

Extended warranty market growing rapidly in India: Vivek Burman, The Warranty Group

Extended warranty market growing rapidly in India: Vivek Burman, The Warranty Group

High costs of repairs, benefits and better customer experience will drive growth of the warranties market, says Vivek Burman.

CCI slashes price fixing penalty on battery makers

CCI slashes price fixing penalty on battery makers

CCI has reduced the penalty on Eveready by 30% to Rs 171.55 crore and that on Nippo by 20% to Rs 42.26 crore, while it has withdrawn the penalty on Panasonic.

Exide launches maintenance-free battery for automotive after-market

Exide launches maintenance-free battery for automotive after-market

New battery, 'Advanz', is currently the 'only one of its kind in the Indian market' that does not require any topping up, the company said in a statement.

AUTO COMPONENTS STOCKS
NSE
BSE

Company NameLatestChange%ChangeVolume
Nifty Auto7192.75-245.95-3.30
Maruti Suzuki5769.1-113.25-1.931228672
Bajaj Auto2558.25-72.55-2.76456542
Pal-Peugeot Ltd.0000
Mahindra & Mahindra571.3-26.1-4.376294798
Punjab Tractors Ltd. (Merged)95.50013408
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