MSME

Omnex introduces new automotive standard: IATF 16949:2016

Omnex introduces new automotive standard: IATF 16949:2016

Omnex, an international consulting, training and software development organization headquartered in Michigan, USA and Asia Pacific HQ in Chennai, today announced the formal launch of its IATF 16949:2016 consulting, Training and Software services in India.   IATF 16949:2016 is an upgraded version of ISO/TS 16949:2009, one of the most popular international standard in automotive industry by the International Automotive Task[Read More…]

by September 23, 2016 Allied Industries, Market Place, MSME, News, OEM, Viewpoint
ACMA convention stressed on high-quality production and innovation

ACMA convention stressed on high-quality production and innovation

Automotive Component Manufacturers Association of India (ACMA), the apex body of the Auto Component Industry in India, today hosted its 56thAnnual Session & National Conference. ACMA’s Annual Session was addressed by key ministers and eminent leaders from the automotive industry which included Anant Geete, Hon’ble Union Minister for Heavy Industries & Public Enterprises, Government of India, Nitin Gadkari, Hon’ble Union[Read More…]

by August 30, 2016 Corporate, Events, MSME, News, OEM, Special Report
ICRA expects about 15% of new car sales by 2020 to have automatic transmission

ICRA expects about 15% of new car sales by 2020 to have automatic transmission

Car transmission can be broadly classified as manual transmission (MT) and automatic transmission (AT). With the Indian market being highly price conscious, it has primarily relied on manual transmission owing to lower cost (both upfront as well as over lifecycle towards maintenance expense) whereas automatic transmission was generally restricted to premium vehicle catering to a select audience.   Worsening traffic[Read More…]

by August 17, 2016 MSME, News, Perspective
TN attracted an investment of Rs 2.42 lakh crore during the first GIM

TN attracted an investment of Rs 2.42 lakh crore during the first GIM

Text & Photo: Bhargav TS Tamil Nadu has attracted an investment of Rs 242,160 crore in the first Global Investors Meet (GIM) that concluded recently in Chennai. The 2 day event was inaugurated by Tamil Nadu Chief Minister, J Jayalalithaa on September 9 and opened 3 major industrial projects with a total investment of Rs 2,568 crore – the new[Read More…]

by October 24, 2015 Events, MSME, Special Report
Integral Components forges alliance with Nishiura Seiko

Integral Components forges alliance with Nishiura Seiko

Text:  Anusha B Indo Nippon Precision Components, a new venture births out of a technology wedding between Integral Component Manufacturers Private Limited (ICMPL) and Nishiura Seiko Co Ltd. The JV (Joint Venture) complements each other in an astounding way and will soon start to manufacture high precision critical engine components, transmission, gear boxes, chassis parts and other related precision components.[Read More…]

by October 24, 2015 Corporate, MSME
‘Manufacturing of Garage Equipment getting tougher by the day’

‘Manufacturing of Garage Equipment getting tougher by the day’

Text : J Srikant The rise in the number of auto brands in India and the deepening focus of these companies on after sales service was expected to give a boost to the garage industry in the country. But this is not the case, for small and medium enterprises that are into manufacture of garage equipment, are today experiencing rising[Read More…]

by October 29, 2014 MSME, News

Auto Component industry registers negative growth, falls by 2.1%

J Srikant   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) today reported that the component industry has recorded a revenue of Rs 2,11,700 crore in FY 2013-14 as compared to Rs 2,16,000[Read More…]

ACMEE 2014 opens with a positive note

ACMEE 2014 opens with a positive note

The 11th edition of ACMEE 2014 was kick started at Chennai Trade Centre, with a positive note. Organised by Ambattur Industrial Estate Manufacturers Association (AIEMA) the exposition has attracted more than 450 participants including 125 exhibitors from 30 countries including Austria, Australia, Brazil, China, Germany, Korea, Taiwan, Thailand, Turkey, UK and the US. The event also witnessed new product launches[Read More…]

MSME summit shows opportunities in challenges

MSME summit shows opportunities in challenges

Speakers at 3rd MSME Summit The apex body of the auto component Industry, Automotive Component Manufacturers Association (ACMA), recently concluded the third MSME (Micro, Small and Medium Enterprises) summit which focused primarily on ‘Managing Volatility.’ Inaugurated by Ajay Shankar, Member Secretary, National Manufacturing Competitiveness Council (NMCC) with N K Maini, Deputy Managing Director, SIDBI the Guest of Honour and Sudam[Read More…]

by June 13, 2014 MSME
ACMA concludes its third MSME summit on ‘Managing Volatility’

ACMA concludes its third MSME summit on ‘Managing Volatility’

The apex body of the auto component Industry, Automotive Component Manufacturers Association (ACMA), recently concluded the third MSME (Micro, Small and Medium Enterprises) summit which focused primarily on ‘Managing Volatility.’ Inaugurated by Ajay Shankar, Member Secretary, National Manufacturing Competitiveness Council (NMCC) with N K Maini, Deputy Managing Director, SIDBI the Guest of Honour and Sudam Maitra, Chief Operating Officer (supply[Read More…]

by March 30, 2014 Events, Focus, MSME, News, Web Exclusive