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Moulding the future of manufacturing
Despite the global turmoil, the Indian tooling industry performed exceptionally well in 2023. With emerging segments (like electric vehicles, railways, aerospace, etc) opening up new avenues of growth, Indian tool makers are expecting an even more successful 2024, says Rakesh Rao. Read more
Belagavi Aerospace Cluster manufactures components with least carbon footprint
Founded in 2006 and nurtured as a unique, diversified contract manufacturing company, Aequs, provides vertically integrated product solutions across the Aerospace, Toys, and Consumer Durable Goods industries. Rohit Hegde, President, Consumer Verticals, Aequs in this interview provides insights on company’s sustainable manufacturing practices.Read more
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
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
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
PLI scheme: Need for a course correction
The Government of India is reportedly planning to ease some norms for five sectors (textiles, pharmaceuticals, drones, solar and food processing) to help them better utlise the fund under its Production-linked Incentive (PLI) scheme.Read more
Indian govt considers exempting key EV components from localisation norms
However, this new consideration is met with opposition from local players such as Mahindra & Mahindra and Tata Motors, as well as foreign companies with decades-long operations in India.Read more
LAN passive components launched by Finolex Cables, extends its LAN portfolio
These are especially useful in places like data centres, IT networks, conference rooms and branch office connections with high-density switches. Read more
Spark Minda, HCMF forge innovative partnership for Sunroof Solutions in India
Under this collaboration, the two companies intend to leverage advanced technology and cutting-edge manufacturing processes to produce sunroof and closure technology products for passenger cars in India.Read more