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Danfoss stays the course in H1 2024; India remains the fastest-growing region
After three years of significant growth, the first half of 2024 has proven to be challenging for Danfoss due to lower demand in select key markets. Strong double-digit growth in H1 in India supported the Danfoss Group’s ambitious plans to double sales in the country by 2025.Read more
Caterpillar to develop hydrogen-hybrid power solution for Off-Highway Vehicles
Caterpillar’s hydrogen-hybrid demonstration project leverages the performance, packaging, and fuel flexibility engineered into the new 13-liter Cat C13D engine platform.Read more
Warburg Pincus acquires majority stake in Imperial Auto
Stone Plant Investments B.V., an affiliate of Warburg Pincus (a leading global private equity firm), has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies. EY acted as the sole financial advisor to Imperial.Read more
Dana's India operations earn Greentech Foundation Award
At the recent 2021 Greentech Foundation Awards ceremony in Chennai, Dana earned the award for its initiatives toward environmental protection.Read more
Dayco adds new viscous damper production line in India
Leveraging its global manufacturing and R&D capabilities, Dayco, a leading engine product and drive systems manufacturer for the automotive, heavy-duty, and industrial market segments, announces the addition of its new state-of-the-art viscous damper production line at Manesar, India, serving commercial vehicles, off-highway, and light-duty OEMs across the globe.Read more
Allison Transmission buys AVTEC’s off-highway transmission portfolio
Allison will pay approximately $27 million in cash for AVTEC’s off-highway transmission portfolio and Madras Export Processing Zone (MEPZ) off-highway component machining business.Read more
Tyre maker TVS Srichakra to invest Rs 10 bn for expansion
The company will make this investment over a period of 3 years in its Madurai (Tamil Nadu) and Pantnagar (Uttarakhand) plants to increase 2 & 3 wheeler tyre capacity by 25-30 per cent and doubling its off-highway tyre capacity from current levels.Read more
Global auto component maker Carraro to set up new facility in Pune
The expansion will allow Carraro to expand its capabilities towards new product ranges, such as portal axles, specifically designed for the Indian off-road vehicles and specialised tractors marketRead more
Meritor and Automotive Axles open axle assembly facility for automotives
The new assembly facility expands Meritor India’s production capacity by 25%, equipping it to better serve customers in the commercial vehicle, off-highway and defense sectors.Read more
Tata AutoComp to make Fortaco’s safety cabins for off-highway vehicles in India
A safety cabin has been designed by Finland-based Fortaco Group to suit Indian conditions and safety requirementsRead more