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Forthcoming quarters look promising for Indian machine tool industry

In this interview with Rakesh Rao, Ravi Raghavan, President of IMTMA and MD of Bharat Fritz Werner (BFW), analyses the performance of the machine tools industry.Read more

Madhya Pradesh: The story of incredible growth

While Madhya Pradesh is home to all types of industries, defence and auto industries are expected to play major in propelling the state economy in the future. Read more

Is this good news for the Indian auto industry?

It appears that the Indian auto industry has deftly handled the covid related adversities, and has come out a winner. It remains to be seen how this will be continued into the future years, says R Jayaraman.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

Warburg Pincus acquires majority stake in Imperial Auto

Stone Plant Investments B.V., an affiliate of Warburg Pincus (a leading global private equity firm), has acquired a majority stake in Imperial Auto Industries Limited and its affiliated companies. EY acted as the sole financial advisor to Imperial.Read more

Manav Kapur: M&A deals to rise in Indian auto industry

With start-ups in the electric vehicles (EVs) segment yet to create the perfect EV suitable for all Indian roads and manage scalability, merger and acquisitions (M&As) will rise over the years, says Manav Kapur, Executive Director, Steelbird International.Read more

Auto industry: Localisation movement needs government support

While there has been huge pressure on automakers and even component suppliers to manufacture fuel efficient vehicles and additionally meet the new challenges of the changing regulations for ICE vehicles, industry is hoping for a support from the government. On one hand it is developing EV ecosystem and on the other the industry meeting new regulatory challenges that government is imposing based on the Paris Pact. Import bans are another issue for component supplies. This makes it mandatory for IRead more

With Scrappage Policy auto industry can revive faster

The Covid 19 pandemic is having enormous effects globally. The global economy has been hit hard, even worse than the Great Depression in 1930. Read more

Atmanirbhar Bharat package lacks immediate stimulus for auto sector: SIAM

Reduction in the GST rates from 28 to 18 per cent for a limited period and an incentive-based vehicle scrappage policy would have made a less painful revival.Read more

Coronavirus disrupts forging and auto component industries in India

The association also observed that the commercial, passenger and the two wheeler segments will be severely affected.Read more

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