News

GST connecting India through a common market: IMTMA

Indian Machine Tool Manufacturers’ Association (IMTMA) said the Goods and Services Tax (GST) is connecting India through a common market. GST officially came into effect from July 1. India is now “One Tax One Nation”. The new paradigm in India’s cooperative federalism is expected to rein in improved tax compliance and facilitate the ease of doing business and pave way[Read More…]

by July 11, 2017 Allied Industries, News, Web Exclusive
CAPAS 2017 drew to a successful close with climbing number of visitors

CAPAS 2017 drew to a successful close with climbing number of visitors

The fourth edition of Chengdu International Trade Fair for Automotive Parts and Aftermarket Services (CAPAS) received an impressive amount of praise and approval following its conclusion. Held from 25 – 27 May 2017, the fair housed a total of 522 international exhibitors and welcomed 17,378 trade visitors (8% increase) in an exhibition space of 45,000 sqm (29% increase) at the[Read More…]

by July 4, 2017 Events, News
Bosch India develops smart air monitoring solution

Bosch India develops smart air monitoring solution

Bosch India launched its locally developed air quality monitoring system in New Delhi at its flagship event, Future Connected: Bosch for a Smarter India. This is the first system in the market which is fraction of the size compared to other locally available products. “Bosch provides a smart air monitoring solution for the 21st century,” commented Shennoy RK, Senior Vice President,[Read More…]

by July 4, 2017 News
BMW launches all-new 5 Series in India

BMW launches all-new 5 Series in India

The all-new BMW 5 Series was launched in India today. Seventh generation of the premium sedan was unveiled by the legendary sportsman, Mr. Sachin Tendulkar. Locally produced at the BMW Plant Chennai, the all-new BMW 5 Series will be available in diesel and petrol variants at all BMW dealerships across India from1 July 2017 onwards. Vikram Pawah, President, BMW Group[Read More…]

by June 29, 2017 News, OEM
TVS Motor to export King three-wheeler to Sri Lanka

TVS Motor to export King three-wheeler to Sri Lanka

TVS Motor Company, a leading two-wheeler and three-wheeler manufacturer in India announced its partnership with Abans Auto a leading distributor in Sri Lanka. Through this tie-up, TVS King, the 200 cc passenger three-wheeler, will be launched in the Sri Lankan market. As a part of the agreement, the Company will leverage Abans Auto’s network of over 200 showrooms and appointed[Read More…]

by June 28, 2017 News, OEM

WABCO signs global long-term supply agreement with Daimler Trucks for AMT control technology

WABCO Holdings Inc., a leading global supplier of technologies and services that improve safety, efficiency and connectivity of commercial vehicles, announced that Daimler Trucks has extended its long-term supply agreement with WABCO for new heavy-duty automated manual transmission (AMT) control technology to support its series production mainly in Europe, North America, Japan, and South America. Headquartered in Germany, Daimler Trucks[Read More…]

by June 26, 2017 Corporate, Globescan, News
Strong ecosystem with focus on indigenisation and digital technology key to defence manufacturing

Strong ecosystem with focus on indigenisation and digital technology key to defence manufacturing

The conference on Aerospace and Defence Manufacturing Technologies organised by the Confederation of Indian Industry (CII) with the theme ‘Make in India—Fast Developing Ecosystem for Aerospace and Defence Industry’ called for an active involvement of Indian and foreign companies in the creation of an ecosystem that could go a long way towards establishing a solid base for the nation’s defence[Read More…]

by June 26, 2017 Events, News

LANXESS expects best results in company history in 2017

The Cologne-based Specialty chemicals company LANXESS projects the highest full year results in its history, following a very strong first quarter of 2017 and the successful closing of the acquisition of the US-based company Chemtura. Global sales of LANXESS increased 25% to EUR 2.4 billion in the first quarter of 2017, up from EUR 1.9 billion a year earlier. EBITDA[Read More…]

by June 23, 2017 News
FCA India opens online and nationwide pre-booking for Jeep Compass

FCA India opens online and nationwide pre-booking for Jeep Compass

Fiat Chrysler Automobiles (FCA) India opens the pre-bookings for its Made in India Jeep® Compass. To pre-book the Sports Utility Vehicle (SUV), interested customers can either log in to the company’s official website www.jeep-india.com or visit the nearest FCA or Jeep-exclusive showroom and place a pre-booking amount of Rs. 50,000. The Jeep® Compass, manufactured locally at FCA’s state of the[Read More…]

by June 22, 2017 News, OEM
Infineon inaugurates new R&D centre in India

Infineon inaugurates new R&D centre in India

Germany-based Infineon Technologies inaugurated the new R&D centre in Bengaluru. The move will further strengthen the Bengaluru office as Infineon’s Competence Centre for Hardware Design and Software Development. Infineon India team supports technology development for diversification driven chip design system, with focus areas in automotive, industrial and chip card and security. The team also develops software for products used in[Read More…]

by June 22, 2017 News