Corporate

Daimler Financial Services India launches Customer Online System for BharatBenz Financial

BharatBenz Financial (BBF), part of Daimler Financial Services, today announced the launch of its first customer online self- service portal for commercial vehicles customers in India. This enables BharatBenz customers to access all their account information online. As well as providing customers with increased transparency, the Customer Online System (COS) also shortens the response times to customer queries. Speaking on[Read More…]

by September 30, 2014 Corporate, OEM, Short Takes, Web Exclusive
Ratan Tata receives Frost & Sullivan Growth, Innovation and Leadership Award for Visionary Innovation at GIL India: 2014

Ratan Tata receives Frost & Sullivan Growth, Innovation and Leadership Award for Visionary Innovation at GIL India: 2014

The sixth edition of GIL 2014: India concluded successfully at the Taj Lands End Hotel in Mumbai.  Ratan Tata received the Frost & Sullivan Growth, Innovation and Leadership (GIL) Award for Visionary Innovation from  Aroop Zutshi, Global President & Managing Partner and Rajiv Kumar, Senior Partner & Global Vice President. Speaking on the occasion and responding to a question about[Read More…]

by September 26, 2014 Corporate, Events, News, Web Exclusive
Canadian Auto Comp maker Magna to open two new facilities in Gujarat

Canadian Auto Comp maker Magna to open two new facilities in Gujarat

As part of its continued plan to expand its global engineering and manufacturing footprint, the Canadian auto components major Magna International Inc. has announced the establishment of two new facilities in the Sanand in Gujarat. While the new plants reflect business awards for vehicle programs built off global-platforms, they also help position Magna for further growth in India as vehicle production expands.[Read More…]

by September 24, 2014 Corporate, Finance, Globescan, News, Web Exclusive
NI takes first steps into industrial Internet of Things; launches InsightCM

NI takes first steps into industrial Internet of Things; launches InsightCM

  National Instruments (NI), the Austin-headquartered provider of systems target at engineers and scientists, announced the launch of its InsightCM Enterprise, a condition monitoring solution that helps companies gain insight into the health of their capital equipment for machine maintenance and operations. With this launch, NI has entered the industrial Internet of Things, a fast growing technology sector. “With the[Read More…]

ZF Friedrichshafen agrees to acquire TRW Automotive

ZF Friedrichshafen agrees to acquire TRW Automotive

ZF Friedrichshafen AG and TRW Automotive Holdings Corp. today announced that they have entered into a definitive agreement under which ZF will acquire TRW. Under the terms of the agreement, ZF will acquire TRW in an all-cash transaction valued at approximately US$ 12.4 billion based on equity value. The agreement has been approved by ZF’s Supervisory Board and Management Board and[Read More…]

by September 16, 2014 Corporate, Focus, Globescan, Web Exclusive
JBM Auto eyes hibernating CV market

JBM Auto eyes hibernating CV market

Text: J Srikant   JBM group, one of the leading Tier-1 component suppliers to both Indian and global manufacturers, is readying itself to meet the demand from the Commercial Vehicle (CV) market when it wakes up from hibernation; hints of this have already started appearing in the marketplace.For the first time in two years, sales in the heavy commercial vehicle[Read More…]

by August 7, 2014 Corporate, News, Web Exclusive
Continental Automotive Brake Systems’ new plant takes it to global standards

Continental Automotive Brake Systems’ new plant takes it to global standards

Text: J Srikant   With the aim of servicing both local and international clients better, Continental Automotive Brake Systems (India) Private Limited, a subsidiary of the international automotive supplier Continental, recently moved its Hydraulic Brake Systems (HBS) manufacturing to a new plant in Gurgaon. The fullfledged plant also has an R&D centre, making it an end-to-end solution for Continental. Spread across an area of 7,000 sq m, the new plant has an[Read More…]

by August 7, 2014 Corporate, News, Web Exclusive

Auto Component industry bottoming out

Text: J Srikant Industry will return to 4-6% growth after falling by 2.1% in FY2014 Trailing the revenue trajectory of the auto industry, the auto component industry too recorded its first revenue de-growth in over a decade, falling by 2.1% in the financial year 2013-14. Auto Component Manufacturers Association (ACMA) reported that the component industry has recorded a revenue of[Read More…]

by August 7, 2014 Corporate, News, Web Exclusive
Helvoet chalks out aggressive plans

Helvoet chalks out aggressive plans

With lightweight vehicles triggering off economies in fuel usage, and related spin-offs in terms of lower emissions, all the component manufacturers have been extending their lightweight agenda in association with vehicle manufacturers and their Tier 2 and Tier 3 supply chain partners. To promote this initiative, Pune-based Helvoet Rubber & Plastic Technology, a 100% subsidiary of the Helvoet Group, manufactures a wide range of plastic components with substantial reduction in weight. Speaking to[Read More…]

by August 4, 2014 Corporate, Web Exclusive
Simulations will help reduce cost of production: MSC Software

Simulations will help reduce cost of production: MSC Software

The last couple of years have brought one commonality to all in the auto industry – the need to bring down the cost of manufacturing as much as possible. While some have worked on streamlining the entire process from sourcing to delivery, many have pinpointed specific operations that need re-working. MSC Software, one of the oldest solution providers in automotive simulation, believes taking to simulation is one such way to[Read More…]

by August 4, 2014 Corporate, Web Exclusive