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Auto industry ‘forging’ ahead
The current disruptions in the auto sector such as policy changes, introduction of EVs and pollution norms can badly impact the industries that exclusively deal with metal parts. On the other hand, the boom of Industry 4.0 can boost its growth. Will the casting and forging industry thrive in the future?Read more
Indian lead acid battery market: Leading from the front
Automotive sector, smart cities, digital India program, shift towards data driven telecom services, etc will lead to surge in demand for lead acid batteries in India, says Karan Chechi. Lead acid battery market in India can be broadly divided into two categories: SLI lead acid batteries and stationary lead acid batteries.Read more
Piramal Finance Limited accelerates its presence in the auto sector
Piramal Enterprises Limited, through its subsidiary Piramal Finance Limited, has financed INR 400 crore to Hema Engineering Industries Limited (Hema). Proceeds from this loan will be used to refinance existing term lenders and fund the company’s capex plans. The deal was made through Corporate Finance Group (CFG), erstwhile Structured Finance Group, of Piramal Finance Limited. Gurgaon based Hema Engineering is a 2 wheeler focused Tier-1 vendor of fabricated components to clients like HeroRead more