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Automotive Component Industry achieves $70 bn turnover in FY23 with 33% growth

Automotive Component Manufacturers Association of India (ACMA) released the data revealing reveals that this achievement surpasses the previous record of Rs 4.2 lakh crore turnover in the fiscal year 2021-22.Read more

Import, Export trends signify positive shift Indian electronic industry's dynamics

An S&P Global company, CRISIL is a global analytics company driven by its mission of making markets function better. Sharing some qualitative insights on Indian electronics market in India Pushan Sharma, Director – Research, CRISIL Market Intelligence and Analytics says that India is experiencing robust growth in electronics. He also shares some current merits and flaws in the industry.Read more

Suhner introduces EFC-02, electric force compliance system

Suhner provides metal processing solutions to for various industries. It is expanding its suite of robotic grinding accessories and tools with the fully electric EFC-02.Read more

Indian electrical equipment industry records a growth of 13% in FY23: IEEMA

Indian Electrical and Electronics Manufacturers’ Association (IEEMA) compiled the data for the year 2023-24 which shows high growth in segments like transformers (17.5 per cent), cables (19.4 per cent), meters (15 per cent) and rotating machines (5.7 per cent).Read more

MOLDEX, FASTNEX to get launch at IMTEX Forming 2024

In a strategic partnership Indian Machine Tool Manufacturers’ Association (IMTMA) and Landesmesse Stuttgart signed an MoU to organise the Moulding Expo, MOLDEX India and fastening and fixing sector trade show, FASTNEX at IMTEX Forming in January 2024.Read more

SIAM hosts conference Towards Vision India@2047on World Environment Day 2023

Society of Indian Automobile Manufacturers (SIAM) hosted an international conference coinciding with the commemoration of World Environment Day 2023, inaugurated by Ashwini Kumar Choubey, Union Minister of State for Environment, Forest and Climate Change, Government of India.Read more

EMO Hannover 2023: Megatrends supporting manufacturers in global competition

Leading firms will present their latest solutions at EMO Hannover 2023. The event will offer companies an unique globally opportunity to put themselves far ahead of the competition, says Dag Heidecker.Read more

ICEMA annual industry results for FY 2022-23 shows 26 per cent YoY growth

Indian Construction Equipment Manufacturers' Association (ICEMA) released its industry result for the FY 2022-23. The results shows construction equipment sales grew 26 per cent to cross 1 lakh mark with 28.5 per cent growth in domestic sales YoY, and 3 per cent growth in exports.Read more

51% of Indian manufacturers plans to adopt smart manufacturing by the next year

A recent study by industrial automation company, Rockwell Automation titled ‘8th Annual State of Smart Manufacturing Report’ reveals the impact of technology on the profitable growth of the global manufacturing sector. The report has intakes from 1,350 manufacturers across 13 leading manufacturing countries. Arvind Kakru, Director of Sales, Rockwell Automation India, in this interview tells how Indian manufactures, OEMs, SMEs/MSMEs etc can benefit from smart manufacturing in the coming future. Read more

The Indian tooling industry is in a high growth phase

In this interview, Devaraya Sheregar, President, Tool & Gauge Manufacturers Association of India (TAGMA India) & MD, Devu Tools Pvt Ltd, highlights new opportunities for Indian toolmakers in automotive industry along with emerging sectors and future prospects.Read more

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