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Interim budget 2024: Driving mobility on green path

With a goal to achieve India’s net zero emission target by 2070, the interim budget 2024-25 announces some measures to strengthen the electric vehicle (EV) ecosystem and charging infrastructure. Here is what the EV industry leaders have to say about the budget.Read more

TAGMA’s president encourages companies to participate at Die Mould India 2024 Exhibition

13 th edition of Die & Mould India International Exhibition is going to be organised by Tool & Gauge Manufacturers Association of India (TAGMA India) on February 14 to 17, 2024 at Bombay Exhibition Centre in Mumbai. In this interview, prior to the event Devaraya Manjunath Sheregar, President, TAGMA India provides the insights on current status of the Indian die and mould industry.Read more

IMTEX Forming 2024 gets enthusiastic response from the manufacturing community

The Indian machine tool industry needs to produce high-precision machines and meet the current demand of producing sophisticated parts in various metals like titanium and others, said C K Venkataraman, MD, Titan Company Ltd.Read more

Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth

This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more

GeM, AiMeD forge partnership for direct medical device sales to government

This agreement aims to enable AiMeD's members, comprising over 300 medical device manufacturers, to directly offer their products to the government through the GeM portal.Read more

Luxinar debuts SR series of sealed CO2 laser sources at IMTEX Forming

Luxinar specialises in manufacturing CO2 laser sources for industries worldwide, including automotive, electronics, e-mobility, glass, packaging and textiles. On its stand at IMTEX Forming 2024, company will showcase the SR 15i, with an output power of up to 175W.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

450 exhibitors from 18 countries set forth for IMTEX Forming 2024

IMTMA organised, IMTEX Forming 2024 highlights Tooltech, Digital Manufacturing and Weld Expo 2024 as concurrent shows during the event. It also collocated Mouldex India and Fastenex India alongside at Bangalore International Exhibition Centre from January 19 to 23, 2024.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

Dormer Pramet introduces Metal Cutting Tool Lineup for Indian Manufacturers

The unveiling includes an extensive range of cutting-edge milling, turning, drilling, and tapping tool holders, along with various collets and accessories.Read more

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