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Machine tools industry heading for a sharp growth

Rapid growth in the automotive and other industrial sectors - aided by the government's PLI schemes - augurs well for the Indian machine tools sector. With the green shoots being evidently visible, business prospects of the machine tools industry is expected to improve further in the coming years, says Rakesh Rao.Read more

Indian auto component industry up by 34.8% in H1 FY23: ACMA

While exports grew by 8.6% to $ 10.1 billion, imports were up by 17.2% to $ 10.1 billion. Read more

Spark Minda opens wiring harness plant in Pune

The new greenfield facility, which will be the company's 28th plant, is equipped with advanced machines backed by cutting-edge technology.Read more

BorgWarner acquires Swiss auto component firm Drivetek AG

The acquisition will strengthen BorgWarner’s specialty power electronics capabilities and supports growth of high voltage e-fan business.Read more

Global auto component maker Marelli opens R&D center in Bangalore

The Bangalore technical R&D center will focus on major technology areas of Marelli such as electronics, automotive lighting and both internal combustion powertrain and electric powertrain.Read more

Global auto component firm BorgWarner opens new plant in India

The new plant - located near Chennai - will provide extensive space for manufacturing and assembly of Variable Cam Timing, which is used to optimise efficiency and reduce emissions in combustion-powered vehicles Read more

Schaeffler takes steps against counterfeits; fake products worth Rs 5 mn seized

In the recent past, the company conducted multiple raids with the help of enforcement agencies against counterfeiters of LuK and FAG products across key metros - Delhi, Kolkata, Coimbatore, and Hyderabad.Read more

India's auto component market up 23% in 2021-22

Indian automotive component industry registered a turnover of Rs 4.20 lakh crore ($ 56.5 billion) in FY 2021-22, registering a growth of 23% over the previous year, according to the findings of Automotive Component Manufacturers Association of India (ACMA). Read more

India's auto component market sees record turnover of Rs 4.2 lakh crore in FY22

With 23% growth in 2021-22, Indian auto component industry clocked highest-ever turnover. Exports grow by 43% and imports by 33% clocking trade-surplus for the first time. Auto component aftermarket grows 15% to Rs 74,203 crore Read more

Vedanta makes a case of green aluminium at ACMA event

Aluminium is currently the second most used metal in vehicles and the fastest growing, a clear indication of the metal’s growing prominence in automobile manufacturing.Read more

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