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Slowing demand to curb auto component revenue growth to 6-8%
Exports are vital, currently constituting 15% of total revenue, down from about 17% in fiscal 2022. Although export growth is slowing, India's increasing share of high-margin, critical components— accounting for around 60% of export revenue in fiscal 2024 — will support profitability. Read more
Danfoss India plans to accelerate localisation of HVACR compressors and controls
The decision to invest in ramping up local manufacturing capabilities in India will help minimise the company’s dependency on imports for the Indian market.Read more
Pricol Limited to acquire Sundaram Auto Components’ Injection Moulding business
The debt-free acquisition is being made through an all cash deal for an amount of Rs 2.15 billion and is subject to adjustments, if any, as defined in the agreement at the time of closing the deal.Read more
Companies can create policies essential for meeting regulations: Kumar Ritesh
Effective communication and cooperation with operational technology teams is vital, as handling an event in a manufacturing setting involves the challenge of acting quickly while also minimising disruption to production.Read more
Robust cybersecurity regulations offer an organised framework: Praveen Kulkarni
In order to prevent cyber threats in India's vast network of factories, particularly those connected to Industrial IoT (IIoT), AI-driven predictive maintenance is being used more and more to proactively resolve security flaws in manufacturing equipment.Read more
Murugappa family to acquire hubergroup in $310 million deal
The partnership will enable hubergroup to capitalise on emerging opportunities in regions with growing demand for high-quality chemicals and print and packaging solutions. Read more
Camfil India unveils expanded manufacturing facility with new Manesar plant
The facility, supporting India's 'Make in India' initiative, will serve as a key local production hub for Camfil, enhancing the efficiency of its global supply chain and boosting its contributions to international markets.Read more
Quest to increase efficiency in manufacturing driving robots demand in India
With 59 per cent increase in robot installation in 2023, India has emerged as one of the strongest growing markets. Many believes robots will be central to achieving India’s ambition of becoming a global manufacturing hub, as they enhance efficiency, consistency, and scalability in operations, says Rakesh Rao. Read more
AI and ML are opening new vistas in robotics: Sameer Gandhi
In this interview with Rakesh Rao, Sameer Gandhi, MD, OMRON Automation, India, analyses India’s robot market and provides tips to companies to prepare their employees for automated working environment.Read more