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Indian Automobile Industry valued at $108 bn in 2022-23: Primus Partners

The automobile industry produced value of Rs 8.7 lakh crore in 2022-23 and India produced 2.7 crore vehicles and is 3rd in passenger vehicles and 1st in 2 wheelers globally. Read more

Piaggio Vehicles appoints Dhiraj Tripathi as Vice President - Export & Electric Vehicles

Piaggio Vehicles Pvt Ltd (PVPL), a 100 per cent subsidiary of the Italian auto giant Piaggio Group appoints Dhiraj Tripathi as Vice President - Export & Electric Vehicles. Tripathi will be responsible for the Sales, Service, Marketing & Business Development for EVs and Exports.Read more

Rising input cost posing challenge to forging industry

The first half of the year was the most difficult for most forging companies, particularly those in the small and medium segment (SMEs), which are expected to witness a 50% decline in production in FY23, writes Association of Indian Forging Industry (AIFI). Read more

Forging and component units to see 60% decline due to EV push: AIFI

While petrol/diesel run internal combustion engine (ICE) in automobiles contain around 2,000 moving parts, electric vehicles have only 20. Thus, rising in EV consumption will have negative impact on component & forging industries.Read more

Mahindra Logistics & Bajaj Electricals unveil project Samriddhi

This association marks one of the largest deals in Indian logistics industry – in excess of Rs 1,000 crore contract value over the next 5 yearsRead more

Budget 2021: Infra push to generate demand for manufacturing sector & MSMEs

By allocating Rs 5.54 trillion for infrastructure development, budget 2021-22 aims to generate demand for the manufacturing sector, especially MSMEs. Read, how companies are reacting to the budget. Read more

High steel prices hammering growth of Indian forging industry: AIFI

Steel is the basic raw material for the forging industry and typically constitutes 60-65% of the ex-factory value of forgings. Association of Indian Forging Industry (AIFI) urges government to ban exports of steel and iron ore for the next six to eight months.Read more

Vikas Bajaj takes over as the new President for AIFI

Yash Jinendra Munot has been appointed as the youngest Vice President of AIFI Read more

Here’s how we can rescue MSMEs

The Supreme Court has chosen to turn a deaf ear to the pleas of the small businesses of the country wanting it to ward off the looming threat of penal action under the Ministry of Home Affairs order and the Disaster Management Act.Read more

Govt should announce stimulus package: KS Balamurugan

KS Balamurugan, Managing Director of K. U. Sodalamuthu & Co. Pvt Ltd speaks on the significance of automation and modernisation that is increasing across industries, and how the company intends to tide over the present crisis due to Covid -19 pandemic.Read more

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