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Lumax Cornaglia opens R&D centre in Pune for auto components

The targeted product line for the R&D centre is air intake systems, urea tanks, other automotive tanks, CAC ducts and other blow moulded parts.Read more

Henkel partners TVS unit MAS for vehicle & repair aftermarket

With this, Madras Auto Service (MAS), a division of TVS, has become Henkel India’s channel partner for pan India vehicle repair & maintenance (VRM) salesRead more

Germany’s Continental opens R&D facility in Gurgaon

This follows the company’s recent announcement, on the occasion of its tenth anniversary celebration, to invest in high Rs three-digit crore for expansion in India Read more

Indian auto component industry reaches $51.2 bn in 2017-18, up 18.3%

ACMA demands uniform 18% GST rate across the auto component sector. While 60% of the auto components attract 18% rate currently, the rest (majority of which are two-wheelers and tractor components) are taxed at 28%Read more

Dana to acquire Oerlikon’s drive systems biz for $ 600 mn

The acquisition optimises Dana’s global manufacturing presence to be closer to customers in key growth markets such as China and India, as well as the USRead more

India will become a key player in the global machine tools industry

Wendt India draws its technological superiority from Wendt GmbH which is a part of Winterthur Technology Group (WTG ) Switzerland and sound and ethical management practices from Murugappa Group. While Wendt GmbH is the pioneer in super abrasive tooling solutions and high precision grinding machines for insert grinding and steel industries for over 8 decades, the 100 year Murugappa Group is the market leader in diverse businesses such as engineering, abrasives, finance, general insurance, cyclesRead more

Robotics: Will auto component suppliers drive the market?

While auto OEMs are prime drivers of robots in India, their suppliers (tier-1, 2, 3, 4) are also investing in advanced robotic technology to maintain their competitive edge and scale new heights.Read more

National Capital Region: A model for cluster development

Even though manufacturing sector participation has declined, it remains as one of the primary employment generators in the overall NCR economy, according to Dr Sangita Singh and Mansi Chaudhary.Read more

Outlook for Indian rubber industry is positive

Rubber finds application in number of products, which are used in all industries. India is the third largest producer and fourth largest consumer of natural rubber in the world and also the fifth largest consumer of natural rubber & synthetic rubber put together. In this interaction with IPF, Kamal K Chowdhury, President, The All India Rubber Industries Association (AIRIA), discusses latest demand trend and India’s position in the global rubber industries market.Read more

GST: A structural reform propelling India's growth story with greater compliance

With Goods and Services Tax (GST) becoming operational from July 1, 2017, the whole government machinery is working day & night to ensure smooth roll out and efficiency at every step. While there are no two opinions about the long term benefits of the one-tax regime, there are concerns being raised by the industry with respect to implementation and initial compliance issues. Let’s look at the positive side first.Read more

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