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Indian UPS market scaling new height
The market for UPS, demand for which predominantly comes from the industrial and manufacturing segments in India, is projected to reach Rs 82 billion by FY’2019, expanding at a CAGR of 9.8 per cent in FY 2014-2019, says Harsh Mittal of Ken Research.Read more
Indian auto component industry reaches $51.2 bn in 2017-18, up 18.3%
ACMA demands uniform 18% GST rate across the auto component sector. While 60% of the auto components attract 18% rate currently, the rest (majority of which are two-wheelers and tractor components) are taxed at 28%Read more
Nuberg EPC bags $ 53 mn contract for chemical project in Saudi Arabia
The agreement covers EPC & LSTK services and solutions for chlor alkali and calcium chloride plants in Riyadh (Saudi Arabia)Read more
Japan’s Kosei, Minda Industries form JV to make moulds for alloy wheel
The JV will set up a plant in Bawal (Haryana) for the production of moulds for alloy wheel. The initial investment outlay is Rs 25.50 croresRead more
Uno Minda buys Germany’s iSYS RTS to strengthen presence in auto electronics
With increasing electronic content in automotives, Minda Industries has identified electronic control modules as one of the major product line for growth and expansionRead more
Suhner launches ROTOmax 2.0 flexible shaft machine
Anyone that needs to grind, roughen, mill, brush and polish a lot knows how time-consuming it can be to have to work with a range of different machines. They also know how tiring it is to use a heavy machine for a long period of time. SUHNER has been offering machines with flexible shafts for a long time now to remedy this issue.Read more
Uno Minda goes digital to increase supply chain efficiency
By adopting Moglix’s vendor portal solution, the auto components maker has improved communication between users and suppliers, thus increasing productivity.Read more
Oil PSUs to set up 20 LNG stations on highways for trucks
The necessary permission to put up such LNG distribution center on national highways has already been given by the governmentRead more
FG Wilson all set to make a mark in Indian genset market
UK-based FG Wilson makes self-contained generator sets, which are easy to install & operate, and are designed for a long and productive working life.Read more
Indian cleaning industry is poised for 30% annual growth
With rising awareness about hygiene across industries, there is increasing demand for cleaning equipment in India.Read more