The Economic Times
English EditionEnglish Editionहिन्दी
| 27 November, 2020, 07:44 PM IST | E-Paper
Search
+

    Auto Components

    Motherson Sumi says PLI scheme 'very exciting'; bullish on India mfg opportunity

    Despite the company having a clear philosophy of no one country accounting for more than 10 per cent of its total turnover for its 2025 plan, Motherson Sumi Systems Ltd (MSSL) believes that India presents clear opportunity for manufacturing and is looking to promote make in India.

    Auto industry body expresses discontent over reservation for local workers in Haryana

    Stressing on the need for reconsidering such a provision, ACMA President Deepak Jain said the Indian auto and component industry is a global one and the production not only caters to the domestic demand but also international markets.

    Japan to provide financial assistance to Toyota-Tsusho, Sumida to set base in India

    The financial assistance will be provided under a Japanese government incentive to its companies that shift manufacturing bases out of China either back home or to India or Bangladesh.

    SKF India expects to corner higher share in auto-components market

    The country's leading bearings maker, which reported a net profit of Rs 65.02 crore in September quarter of the current fiscal, 23.16 per cent lower over July-September 2019-20, also said that the festive season demand has been good (so far), particularly in the automotive segment.

    Cummins India completes BS-IV emission standard certification tests for wheel equipment

    Cummins India Vice-President (Engine and Component Business) Anjali Pandey said this new four-cylinder, 4.5-litre CEV BS IV-compliant engine system will further help Cummins enhance its presence in the construction segment while meeting stringent emissions standards and providing value to the customers.

    Covid disruption triggered localisation vs globalisation debate: Seetarama Kotagiri, Magna International

    "It will be difficult to predict the market. But as we went through the inventory levels, we definitely saw what we believe is filling of the pipeline. How it (the pandemic) changes the consumer perception of wanting personalized transportation versus using public transportation - that could be a little bit of an influence."

    Remsons Industries acquires UK based Magal Cables

    Magal Cables Ltd (MCL) has its manufacturing facility at Stourport near Birmingham with a state of art technical center, Testing and Validation Laboratory.

    MSSL signs strategic agreement to acquire Bombardier’s Electrical Wiring Interconnection Systems business

    MRS is part of the Motherson Rolling Stock Division which designs and manufactures electrical cabinets, power packs and electrical distribution systems for leading rolling stock manufacturers.

    Uptick in passenger vehicle sales to raise aftermarket demand: Auto part makers' body

    ACMA also announced that the 5th edition of its four-day international trade fair for the aftermarket and service industry, "Automechanika" will now be held at New Delhi's Pragati Maidan from April 22 next year in association with Messe Frankfurt India.

    Inverted Energy launches buyback plan for its e-rickshaw batteries

    The programme will be launched on October 20 with an aim to encourage e-rickshaw owners to switch to green energy, the company said in a statement.

    Auto component makers performance likely to remain subdued in September quarter: Icra

    Auto component makers performance likely to remain subdued in September quarter: Icra

    The auto component industry was already impacted by muted demand in FY2020, with the industry witnessing 16 months of decline in volumes pre-COVID and was aggravated following the pandemic.

    NCLT admits insolvency plea against Uttam Galva Steel Ltd

    NCLT admits insolvency plea against Uttam Galva Steel Ltd

    UGSL was among the companies in the Reserve Bank of India’s second list of loan defaulters and had been directed to come up with immediate corrective action.

    Auto ancillary sector's revenue may fall 16-20% in current financial year: India Ratings

    Auto ancillary sector's revenue may fall 16-20% in current financial year: India Ratings

    The rating agency, in a release on Tuesday, also said it has maintained a negative outlook for the auto ancillary sector for the October-March period of 2020-21.

    EV components maker Entuple e-mobility to raise $3.5 million of equity capital

    EV components maker Entuple e-mobility to raise $3.5 million of equity capital

    The capital will be used to set up the company's upcoming 150,000-unit annual capacity electric powertrain manufacturing plant, upgrading its existing manufacturing facility, for R&D and towards operational expenses, Rakesh Mishra, chief executive of Entuple told ET.

    Signs of green shoots in passenger vehicle and two-wheeler segment: Exide Industries boss

    Signs of green shoots in passenger vehicle and two-wheeler segment: Exide Industries boss

    A market leader in batteries for auto OEMs, Exide Industries said that it was committed to building capabilities and expertise for lithium ion batteries for electric vehicles and storage and the pandemic had not thrown a spanner in the plans.

    Motherson Sumi looking for global partners to Make in India

    Motherson Sumi looking for global partners to Make in India

    The company will offer ease of entry to potential partners as part of its ‘Make with Motherson’ initiative by handling things like compliance, making land available, and hiring local workforce.

    Load More...
    The Economic Times
    BACK TO TOP