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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
Demand for automation is increasing in automobile industry
Meiban Engineering Technologies Pvt Ltd is a solution provider in the field of automation and turnkey projects for manufacturing automobile and sheet metal components. In this interview, A V Srinivasan, Meiban Technologies Pvt Ltd, elaborates on trends in the industry and how Meiban Engineering is tapping these trendsRead more
All set to scale new heights
India’s merchandise exports crossed $ 400 billion (approximately Rs 30.44 trillion) on March 21, 2022 (10 days ahead of the closure of FY2021-22), according to Piyush Goyal, Union Minister of Commerce and Industry.Read more
INOX Air Products to set up 2150 TPD oxygen plant at SAIL’s Bokaro Steel Plant
INOX Air Products to set up 2150 TPD oxygen plant at SAIL’s Bokaro Steel Plant Read more
Parson Adhesives offers two-part PU structural adhesive PARBOND
Parson Adhesives has developed PARBOND - a high-performance two-part polyurethane structural adhesive. Read more
PLI scheme helps auto part makers ride the EV boom
A slew of policy measures - PLI schemes (for auto OEM & auto component), extension FAME 2, etc - in the recent past will create more opportunities in electric vehicle space. Auto component players seem to be all geared up for a new paradigm in the market, says Rakesh Rao.Read more
Warburg Pincus acquires majority stake in Imperial Auto
Stone Plant Investments B.V., an affiliate of Warburg Pincus (a leading global private equity firm), has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies. EY acted as the sole financial advisor to Imperial.Read more
Layam Group stands tall as a human capital value chain provider
Layam Group - a 14-year-old organisation - has achieved a turnover of Rs 150 crores with a manpower strength of 11,000 people across India.Read more
Ashoka Bearing will achieve 25% growth this year
The rising demand for bearings across various end-user segments like automotive, machine tools, precision engineering, advanced medical equipment as also different types of bearings for use in extreme conditions, is expected to drive the growth of this industry. Read more
Business Environment Set for Growth
The share of manufacturing in India's GVA (Gross Value Added) has seen a gradual fall in the last one decade despite a surge in private consumption demandRead more
