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Govt extends Automotive PLI Scheme, aims for accelerated implementation
While delivering the keynote address at the review meeting, Mahendra Nath Pandey, Union Heavy Industries Minister urged the industry to provide feedback and engage in collaborative efforts to shape the policies, procedures, and overall effectiveness of the PLI scheme.Read more
Tata Power to work on 4.4 MW RE project with Anand Group
Within the framework of this agreement, TPREL will oversee the generation of a substantial 10 million units of clean energy using renewable sources. Read more
US allocates $15.5 bn to boost electric vehicle transition
The United States Department of Energy is allocating $15.5 billion to facilitate the shift towards electric vehicles (EVs).Read more
Stäubli opens $15 million facility in Bengaluru
Global industrial and mechatronic solution provider, Stäubli strengthens its presence in the country by setting up 25,000 sq ft office in Yelahanka, Bengaluru. The company conducted the ‘Stäubli Partnership Forum India’ event to showcase its innovative solution capabilities to the partners.Read more
Elgi Equipments announces PAT for first quarter, FY24 at Rs 60.5 crore
Consolidated sales for the first quarter was Rs 724 crore as against Rs 694 crore in the corresponding quarter in 2022-23.Read more
Automotive Component Industry achieves $70 bn turnover in FY23 with 33% growth
Automotive Component Manufacturers Association of India (ACMA) released the data revealing reveals that this achievement surpasses the previous record of Rs 4.2 lakh crore turnover in the fiscal year 2021-22.Read more
We see opportunity in SCM efficiency and shall continue to work in this lead
Arrow Electronics is an American company headquartered in Centennial, Colorado. The company specialises in distribution and value added services relating to electronic components and computer products. Bhartendu Mishra, Managing Director – India, Arrow Electronics, in this interview, talks about company’s growth plans and shares the current challenges and opportunities in the Indian market.Read more
Schaeffler India appoints of Aashish Bhatia as President Automotive Technologies
Leading industrial and automotive supplier, Schaeffler India announced the appointment of Aashish Bhatia as President Automotive Technologies (Automotive OE business).Read more
Motherson & Marelli inaugurate the 1st Tool Room for automotive lighting in India
The 8700 sq m facility is located in Noida (Delhi NCR region) in close proximity to OEMs and other tooling locations of Motherson.Read more
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