News

Comstar Automotive gets Silver at Ford Global Supplier Excellence Award 2013

Comstar Automotive gets Silver at Ford Global Supplier Excellence Award 2013

Chennai bases Comstar Automotive Technologies Private Limited has won the prestigious Ford Global Supplier Excellence Award in ‘Silver’ category. It was given for the supply of starter assemblies. The award was received by the CEO of the company, Sat Mohan Gupta at Ford Global Top Supplier Meet at Dearborn, NA on 22nd May’14. Instituted 16 years ago, the ‘World Excellence[Read More…]

by May 31, 2014 Corporate, News, Web Exclusive

Sona Koyo Steering Systems Q4 net down despite increase in sales

Steering Systems manufacturer Sona Koyo Steering Systems Limited has witnessed increase in net sales by 7.2% to Rs 281.9 crore for the quarter ended 31 March 2014 against Rs 262.9 crore reported during the preceding quarter ended December,2013. Profit after Tax for the quarter is Rs 10.6 crore against Rs 36.9 crore (including exceptional item on account of sale of[Read More…]

TVS Tyres showcases Tigertrac at Reifen 2014, Germany

TVS Tyres showcases Tigertrac at Reifen 2014, Germany

TVS Srichakra the manufacturer and exporter of a large range of off-road tyres in India, has showcased its latest Agri Radial Tyre – ‘Tigertrac’ for the European and global markets at the 28th International Tyre Fair held at Reifen, Germany. Organized by Messe Essen GmbH, Reifen is a highly prioritised event on tyre manufacturing technology exhibition and conference. It was[Read More…]

Premier global fairs Reifen and Automechanika agree upon Strategic Partnership

Premier global fairs Reifen and Automechanika agree upon Strategic Partnership

The fair companies in Essen and Frankfurt will enter into a far-reaching strategic partnership with regard to their premier global fairs Reifen and Automechanika, the representatives of both companies announced that on May 27. With the cooperation, the partners want to exploit synergetic effects in sales and marketing across borders, e.g. due to attractive package solutions for exhibitors. After Reifen[Read More…]

BMW X5 to be  manufactured in Chennai

BMW X5 to be manufactured in Chennai

The BMW X5 xDrive30d will be locally produced at the company’s plant in Chennai in diesel variant and will be available at BMW dealerships across India from June 2014 onwards. Philipp von Sahr, President, BMW Group India said, the BMW X5 is entering a new chapter in its history. It accentuates the masculine presence and powerful personality and offers customers[Read More…]

by May 29, 2014 News, OEM, Web Exclusive
MOOG Steering and Suspension adds 497 new control arms

MOOG Steering and Suspension adds 497 new control arms

 Federal-Mogul Motorparts, a division of Federal-Mogul Holdings Corporationhas introduced 497 new MOOG replacement control arms and assemblies covering millions of late-model Asian, European and domestic passenger vehicles. The preferred brand of professional technicians and NASCAR crew chiefs, it offers innovative parts that improve on original designs by providing increased durability, enhanced performance and easier installation. The product line expansion extends[Read More…]

by May 29, 2014 Globescan, News, Web Exclusive

Top management change in Sundaram Brake Linings

Automotive friction material manufacturer Sundaram Brake Linings, part of the TVS group on Tuesday announced change at its top management. According to the company, K Mahesh has resigned as managing director for personal reasons. However, he will continue as the Chairman of the company. His son, Krishna Mahesh, who is currently the Joint Managing Director, has been appointed as the[Read More…]

by May 29, 2014 Finance, News, Web Exclusive
Hero MotoCorp’s Q4 profit skids despite record sales

Hero MotoCorp’s Q4 profit skids despite record sales

Hero MotoCorp Limited (HMCL), the world’s largest two-wheeler manufacturer, has reported record sales for the fourth quarter (January-March 2014). Riding on its highest-ever quarterly sales of 15,89,462 units of two-wheeler for the period, the company’s total turnover (Net Sales & other Operating Income) in the quarter grew to Rs 6512.96 crore, a growth of 6% over Rs 6145.75 crore recorded[Read More…]

by May 29, 2014 Finance, News, OEM, Web Exclusive
MSSL announces acquisition of Wiring Harness Business of Stoneridge Inc.

MSSL announces acquisition of Wiring Harness Business of Stoneridge Inc.

Motherson Sumi Systems Limited (MSSL) has signed an agreement to acquire the Wiring harness business of Stoneridge Inc. through asset purchase at transaction value of US $ 65.7 million. This acquisition is expected to close in the third quarter of 2014, subject to customary closing conditions. The acquired business has a turnover of approx. USD 300 Million. The transaction includes[Read More…]

by May 28, 2014 Finance, News, Web Exclusive
Amara Raja clocks highest ever revenue and profit in FY14

Amara Raja clocks highest ever revenue and profit in FY14

Industrial and automotive battery major Amara Raja Batteries Limited today announced annual revenue of Rs 34.37 billion (excluding other income) with a growth of 16% in financial year 2013-14 as compared to Rs 29.59 billion in FY13. The profit after tax stood at Rs 3.67 billion, recording a growth of 28% as against Rs 2.87 billion of the previous year.[Read More…]