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Modern Automotive provides special steel engineering solutions to OEMs

Modern Automotives since its inception in 2005 has gradually seen a growth process with its added solutions in the global market. In the growing electric vehicle market, the company recently set its name to export Differential Pinion Shafts to BMW. Aditya Goyal, Managing Director, Modern Automotives Limited, in this interview shares that the company aims to increase export operations to 25 per cent by 2025Read more

Japan’s Musashi Seimitsu to invest Rs 700 mn in India to make EV components

The company will manufacture 2W E-Axle comprising of motor, PCU, and Gear Box at its Bengaluru plant starting October 2023. It has signed MoU with Bharat New-Energy Company (BNC) to develop drivetrain technology.Read more

Ramakrishna Forging with Titagarh Wagons remains lowest bidder for manufacturing 80,000 forged wheels

In a tender issued by Indian Railways in September 2022 for the production of 80,000 forged wheels every year for 20 years, Ramkrishna Forging Consortium with Titagarh Wagons Limited remains the lowest bidder with quoted Rs 12,226 crore. The company anticipates a business volume of over Rs 15,000 crore with the new production facility. Read more

Sona Comstar achieves 350 million gears’ production milestone

– Automotive technology solutions provider Sona BLW Precision Forgings Ltd. achieved global market share of differential gears to 7.2 per cent in 2022. It global supplier of driveline solutions for various types of vehicles and achieved its 350 million gears’ production milestone this year. Read more

Sundram Fasteners bags $ 250 mn contract from global EV maker

SFL plans to invest Rs 200 crore to support the new orders under the six-year long purchase package involving the supply of input & stator shaft sub-assemblies and drive gear sub-assemblies.Read more

Sona Comstar unveils its first sustainability report

As a technology leader, the company is enabling a reduction in GHG emissions through low-carbon mobility. Sona Comstar has increased its revenue share from Battery Electric Vehicles (BEVs) from 1.3 per cent in FY19 to 25 per cent in FY22. In absolute terms, it has grown 28 times to Rs 5 billion.Read more

FLASH and Elimen to jointly produce EV components in India

The collaboration will focus on production of traction motors and controllers of up to 300 kW, the first such project in India. FLASH has drawn an aggressive investment plan in EV segment and is looking to further invest Rs 150 crore over the next two years.Read more

FLASH joins hand with Polish firm Elimen to make EV components in India

The collaboration will focus on production of traction motors and controllers of up to 300 kW, the first such project in India. FLASH has drawn an aggressive investment plan in EV segment and is looking to further invest Rs 150 crore over the next two years.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

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