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Mobile robot components market worth $7.4 billion by 2027
A report by Interact Analysis shows Mobile robot component market growth fueled by demand for order fulfillment robots where US currently dominates the mobile robot component market, but China is set to become a strong rival.Read more
Varroc Engineering order win for Rs 5,178 cr includes key seven EV customers
Varroc Engineering bags order for Rs 5,178 crore during FY23 out of which Rs 1,796.8 crore oreder is from EV manufacturers. Company’s consolidated revenue from continued operations was Rs 6,863.1 crore in FY 22-23, registering a growth of 17.4 per cent on YoY basis.Read more
Lokesh Machines sets up factory to make defence, aerospace components in Hyderabad
Machine tool manufacturer, Lokesh Machines is spending more than Rs 100 crore to build a greenfield facility at Hyderabad to manufacture firearms and its accessories.Read more
AMF’s zero-point clamping system in limelight at IMTEX
The Germany-based Andreas Maier GmbH & Co KG (AMF), also a leading global player in the fields of clamping, hand tools and locks highlighted its zero-point clamping system at IMTEX 2023.Read more
Schaeffler India appoints Sumithasri Eranti as Chairperson
Eranti has been an independent director of Schaeffler India Limited Board since 2020. With over 25 years of experience in business leadership, technology, consulting and financial services industry, Eranti brings a wealth of knowledge and experience to her new role. Read more
Godrej Tooling partners with Toyota for Innova Hycross
Godrej Tooling has supplied dies for the dash panel and main floor of the new Innova Hycross. Godrej Tooling has increased its investment by 10 per cent YoY on R&D towards a portfolio of tools and dies with a special focus on the EV industry.Read more
Electrification will become growth driver for Dana India
In this interview with Rakesh Rao, Gajanan Gandhe, Country Head & VP, Dana India, elaborates on the company's India business and trends in the auto industry.Read more
Top four benefits of automated tube bending
The process of bending metal tubes is historically a labour-intensive one fraught with potential errors and safety issues. Automating this task could offer many benefits, says Emily Newton.Read more
SEG Automotive unveils high voltage machines for Indian auto makers
This scalable e-machine platform will set standards in terms of smooth operation and efficiency, thus maximising vehicle range.Read more
GEF Capital invests in auto component maker Hero Motors
With a total investment of Rs 1,500 crore over the course of the coming three years, Hero Motors Ltd aims to transform itself into a global EV solutions company from India. The funds will be utilised to augment its growth and expansion, with a significant focus on serving top global OEMs in the EV sector.Read more