Subscribe Now Advertise

Categories

search Result

Slowing demand to curb auto component revenue growth to 6-8%

Exports are vital, currently constituting 15% of total revenue, down from about 17% in fiscal 2022. Although export growth is slowing, India's increasing share of high-margin, critical components— accounting for around 60% of export revenue in fiscal 2024 — will support profitability. Read more

Telangana’s T-Hub partners with Japanese auto manufacturer Denso

With major players like Mahindra & Mahindra, Bharat Forge, Exide, and Amara Raja Batteries setting up advanced manufacturing facilities, the state is transforming into a hub for both traditional automotive components and electric vehicle technologies.Read more

Pritika Group targets Rs 9.5 billion in 3 years with Rs 6.5 billion order book

The company also reported a consolidated EBITDA of Rs 541 million, reflecting its operational efficiency.Read more

Spark Minda, HCMF forge innovative partnership for Sunroof Solutions in India

Under this collaboration, the two companies intend to leverage advanced technology and cutting-edge manufacturing processes to produce sunroof and closure technology products for passenger cars in India.Read more

Indian auto component exports at risk amid UAW Strike in the US

Approximately one-third of India's automotive component exports are destined for North America, and this strike by thousands of UAW members, known as a 'stand-up strike,' is impacting the US auto majors.Read more

Varroc Engineering order win for Rs 5,178 cr includes key seven EV customers

Varroc Engineering bags order for Rs 5,178 crore during FY23 out of which Rs 1,796.8 crore oreder is from EV manufacturers. Company’s consolidated revenue from continued operations was Rs 6,863.1 crore in FY 22-23, registering a growth of 17.4 per cent on YoY basis.Read more

AMF’s zero-point clamping system in limelight at IMTEX

The Germany-based Andreas Maier GmbH & Co KG (AMF), also a leading global player in the fields of clamping, hand tools and locks highlighted its zero-point clamping system at IMTEX 2023.Read more

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

Motherson and Valeo to jointly create auto interior of the future

Samvardhana Motherson Automotive Systems Group BV (SMRP BV), a Motherson company, and Valeo have signed a Memorandum of Understanding (MOU) which aims to create the automotive vehicle interior of the future through the integration of lighting systems with advanced surface finishes. Read more

CRISIL: Lower oxygen supplies to impact SMEs in key five sectors

These 5 sectors - metal fabrication, automotive components, shipbreaking, paper, and engineering - typically do not have captive oxygen plants and source their need through merchant suppliers for operations such as welding, cutting, cleaning and chemical processes, says CRISILRead more

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016