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GTRI urges govt to maintain import duties on smartphone components
The think tank suggested that maintaining the current import tariffs, ranging from 7.5 to 10% on imported smartphone parts, is essential for balancing industry growth and ensuring long-term development.Read more
At Dana, sustainability is a guiding vision and not just a goal
In this interview with Rakesh Rao, Gajanan Gandhe, Country Head and Vice President of Dana India, explains how the auto component manufacturer is helping auto makers in achieving their Net Zero goals.Read more
Adding new dimension to manufacturing
When the Indian Space Research Organisation (ISRO) was looking to procure spacecraft’s grid-fins for its Gaganyaan mission, India’s first human space mission that is scheduled for a launch in 2024, it turned to a Bengaluru-based aerospace component maker that uses additive manufacturing (3D printing) technology. Read more
Indian Auto Component Industry grows by 36.1 bn in first-half of FY 2023-24
Automotive Component Manufacturers Association of India announces industry performance review for the first half of fiscal year 2023-24 which shows growth in exports and imports by 2.7 per cent and 3.6 per cent respectively.Read more
Electric vehicle sector is a big opportunity for Magal Engineering
In this interview M K Narasinga Rao, MD, Magal Engineering Co, shares details about the company’s future plans and new solutions for electric vehicles (EV) and precision sheet metal industries.Read more
85% industry revenue comes from sale of components to domestic vehicle OEMs
In the domestic market, passenger vehicle (PV) OEMs contributed more than 46% to the component industry's revenue, followed by two-wheeler manufacturers at 19%, and Medium and Heavy Commercial Vehicle (M&HCV) at 7%.Read more
Cummins showcases low to zero-emission power solutions portfolio at CII EXCON 2023
Cummins Group reveals indigenous products, tailored for India market, supported by a dependable and extensive pan-India network for aftermarket parts and services.Read more
Tesla's Cybertruck launch sparks optimism for Indian auto component market
Although the US and Canada dominate 54% of the global pickup truck market, initial reports suggest that Tesla's new offering could secure nearly 7% market share in its first year.Read more
Himadri Speciality Chemical invests Rs 4,800 cr in Li-ion battery component manufacturing
The company aims to produce 200,000 tonnes of lithium iron phosphate (LFP) cathode active material, contributing to the creation of 100 gigawatt hours (GWh) of Li-ion batteries in phases over the specified timeframe.Read more
NIFCO invests Rs 288 cr in automotive plastic components plant in Karnataka
The company intends to create job opportunities for approximately 400 individuals, with 65% of them being women. The project is slated to be completed over a span of five years, commencing from 2023-24.Read more