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FAR is focusing more on exports to boost revenues
Fenwick And Ravi (FAR), a supplier of critical accessories to machine tools, is experiencing robust demand for its products due to pick up in automotive production and aerospace industry.Read more
Auto component firm Schaeffler India opens Pune facility
The company has announced successful completion of merger of INA Bearings India Pvt Ltd and LuK India Pvt Ltd with Schaeffler India LtdRead more
BorgWarner opens new production line in Tamil Nadu
New VCT production line provides localised manufacturing in Kakkalur, Tamil NaduRead more
ACMA’s annual session mulls over the future of Indian auto component industry
The auto component association also released a study, conducted by McKinsey & Co, on the theme of “Auto component industry in India: Preparing for the future†on the occasionRead more
ACMA appoints Ram Venkataramani as President
Deepak Jain, Managing Director, Lumax Industries Ltd, has been appointed as Vice President of Automotive Component Manufacturers Association of India (ACMA) for 2018-19Read more
Lumax Cornaglia opens R&D centre in Pune for auto components
The targeted product line for the R&D centre is air intake systems, urea tanks, other automotive tanks, CAC ducts and other blow moulded parts.Read more
Henkel partners TVS unit MAS for vehicle & repair aftermarket
With this, Madras Auto Service (MAS), a division of TVS, has become Henkel India’s channel partner for pan India vehicle repair & maintenance (VRM) salesRead more
Germany’s Continental opens R&D facility in Gurgaon
This follows the company’s recent announcement, on the occasion of its tenth anniversary celebration, to invest in high Rs three-digit crore for expansion in India Read more
International Automotive Components opens new Manesar plant
The new plant will produce vehicle headliners, center console systems, and instrument panel componentsRead more
Indian auto component industry reaches $51.2 bn in 2017-18, up 18.3%
ACMA demands uniform 18% GST rate across the auto component sector. While 60% of the auto components attract 18% rate currently, the rest (majority of which are two-wheelers and tractor components) are taxed at 28%Read more