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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

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

BorgWarner CEO Safety Award Chennai

BorgWarner's Chennai plant completes 1 mn accident-free working hoursRead more

Birla Precision Technologies: A legacy of excellence

Birla Precision Technologies, Dagger Forst, cutting tools, gear cutting tools, Vedant Birla, Tool Bits, machine tools, Kennametal, Precision Components, Hydraulic Components, auto Components, Engine ComponentsRead more

Sundaram Auto Components' Mysuru plant conferred with TPM Excellence Award

Mysuru plant is one of the 25 manufacturing units globally to bag the honour for 2021Read more

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

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

Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn

10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more

Reconsider Haryana’s rule of 75% reservation for locals in pvt sector: ACMA

The Automotive Component Manufacturers Association of India (ACMA) believes that such a move would not only adversely impact the ‘ease of doing business’ in the state, but also be detrimental to Haryana’s image of an industry friendly state and in attracting future investments.Read more

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