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Freudenberg India to invest Rs 350 crore in CY 2024 for expansion
Globally, Freudenberg Group’s operating profit reaches Euro 1.1 billion, surpassing the 1 billion mark for the first time (up 15 percent). Read more
Greaves Cotton ropes in Tsuyo to make components for low-speed 3-wheelers
This collaboration underscores Greaves Cotton's endeavour to leverage Tsuyo's expertise in electric vehicle technology and manufacturing machinery to enhance its capabilities in the electric L3 vehicle domain.Read more
Classic Stripes rebranded as Naxnova
Naxnova’s next generation products are thin, flexible, lightweight and sustainable in the areas of illumination, smart surfaces, safety sensors, thermal management, etc. Read more
Moulding the future of manufacturing
Despite the global turmoil, the Indian tooling industry performed exceptionally well in 2023. With emerging segments (like electric vehicles, railways, aerospace, etc) opening up new avenues of growth, Indian tool makers are expecting an even more successful 2024, says Rakesh Rao. Read more
BorgWarner showcases electrification portfolio at auto technology show SIAT 2024
BorgWarner highlighted latest high-voltage drivetrain developments including eMotor, inverter, and integrated drive module at the Symposium on International Automotive Technology (SIAT) 2024 in Pune.Read more
At Dana, sustainability is a guiding vision and not just a goal
In this interview with Rakesh Rao, Gajanan Gandhe, Country Head and Vice President of Dana India, explains how the auto component manufacturer is helping auto makers in achieving their Net Zero goals.Read more
Indian Auto Component Industry grows by 36.1 bn in first-half of FY 2023-24
Automotive Component Manufacturers Association of India announces industry performance review for the first half of fiscal year 2023-24 which shows growth in exports and imports by 2.7 per cent and 3.6 per cent respectively.Read more
Electric vehicle sector is a big opportunity for Magal Engineering
In this interview M K Narasinga Rao, MD, Magal Engineering Co, shares details about the company’s future plans and new solutions for electric vehicles (EV) and precision sheet metal industries.Read more
Tesla's Cybertruck launch sparks optimism for Indian auto component market
Although the US and Canada dominate 54% of the global pickup truck market, initial reports suggest that Tesla's new offering could secure nearly 7% market share in its first year.Read more
PLI scheme: Need for a course correction
The Government of India is reportedly planning to ease some norms for five sectors (textiles, pharmaceuticals, drones, solar and food processing) to help them better utlise the fund under its Production-linked Incentive (PLI) scheme.Read more
