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Gearing up for Kumbha Mela of machine tools, IMTEX 2023

The year 2022 saw a balanced growth for the industry starting on a high at the start and tapering down a bit in the second half of the year. Read more

Auto Expo Components 2023 to be held from Jan 12-15 at New Delhi

The event is essential in exhibiting the most recent innovations in automotive components for cars, trucks, electric vehicles, bearings, garage equipment, and spare parts in many markets.Read more

Machine tools industry heading for a sharp growth

Rapid growth in the automotive and other industrial sectors - aided by the government's PLI schemes - augurs well for the Indian machine tools sector. With the green shoots being evidently visible, business prospects of the machine tools industry is expected to improve further in the coming years, says Rakesh Rao.Read more

Indian auto component industry up by 34.8% in H1 FY23: ACMA

While exports grew by 8.6% to $ 10.1 billion, imports were up by 17.2% to $ 10.1 billion. Read more

Spark Minda opens wiring harness plant in Pune

The new greenfield facility, which will be the company's 28th plant, is equipped with advanced machines backed by cutting-edge technology.Read more

BorgWarner acquires Swiss auto component firm Drivetek AG

The acquisition will strengthen BorgWarner’s specialty power electronics capabilities and supports growth of high voltage e-fan business.Read more

Global auto component maker Marelli opens R&D center in Bangalore

The Bangalore technical R&D center will focus on major technology areas of Marelli such as electronics, automotive lighting and both internal combustion powertrain and electric powertrain.Read more

Global auto component firm BorgWarner opens new plant in India

The new plant - located near Chennai - will provide extensive space for manufacturing and assembly of Variable Cam Timing, which is used to optimise efficiency and reduce emissions in combustion-powered vehicles Read more

Schaeffler takes steps against counterfeits; fake products worth Rs 5 mn seized

In the recent past, the company conducted multiple raids with the help of enforcement agencies against counterfeiters of LuK and FAG products across key metros - Delhi, Kolkata, Coimbatore, and Hyderabad.Read more

India's auto component market up 23% in 2021-22

Indian automotive component industry registered a turnover of Rs 4.20 lakh crore ($ 56.5 billion) in FY 2021-22, registering a growth of 23% over the previous year, according to the findings of Automotive Component Manufacturers Association of India (ACMA). Read more

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