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India’s engineering goods exports up 54% in 9M of 2021-22

Engineering goods sector - which constitutes the largest (more than 27%) share of India’s total exports basket - recorded exports of $ 81.8 billion during April-December 2021 as compared to $ 52.9 billion during the first nine months (9M) of 2019-20.Read more

Budget 2022 - ACMA: Ensure uniform 18% GST on all auto components

Automotive Component Manufacturers Association (ACMA) has recommended enhancement of RoDEPT rates and measures to encourage capital investment in auto component industryRead more

Omega Seiki Mobility forms JV with Korea’s Jae Sung Tech for EV powertrains

The all-electric Ra314 powertrain will be manufactured by Omega Seiki Mobility at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facilityRead more

Indian auto component industry grows 65% in H1 2021-22: ACMA

Auto component manufacturers have now, by and large, recovered and the investment cycle has also commenced, according to Sunjay Kapur, President, Automotive Component Manufacturers Association of India (ACMA).Read more

Godrej Tooling expects 30% YOY increase in revenues

E-mobility is gaining traction in India due to its eco-friendly feature, tax rebates and low cost of maintenance. Growing electric vehicles industry is expected to increase demand more complex, higher value-added tools.Read more

Dayco adds new viscous damper production line in India for heavy-duty segment

This new production line, fully equipped with industry 4.0 and next-gen advancements, is capable to manufacture premium quality viscous dampers with cutting-edge laser welding technology that supports heavy-duty OEMs in reducing vehicle engine NVH (noise, vibration, harshness) and vehicle downtime.Read more

Steelbird International participates in Dubai Automechanika 2021

The global automotive aftermarket industry is expected to grow to $ 529.25 billion by 2028 and such events help in expanding the market through newer networks, innovative launches and renewed partnershipsRead more

Ford Motor, DSM and HellermannTyton win SPE global innovation award

Ford Motor Company, HellermannTyton, and DSM Engineering Materials have won an Innovation Award from the Society of Plastics Engineers (SPE) for the use of Akulon RePurposed recycled ocean plastic in the Ford Bronco Sport.Read more

Schaeffler to invest Rs 300 cr for transmission components facility in TN

New facility will expand the production footprint in Hosur for transmission components and systemsRead more

LANXESS’ PBT compound enhances engine performance

PBT (polybutylene-terephthalate) compound can withstand the high temperatures under the hood in a car, even in very humid conditions.Read more

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