Smarter auto electronics and electrical are taking centre stage. Ashish Bhatia looks at recent developments which suggest a growing impetus on resource allocation to build a robust ecosystem. Automotive electronics have taken centre stage and will command a greater focus going forward too from key stakeholders. The recent supply chain bottlenecks owing to the shortage of semiconductor chips, known to[Read More…]
Ramesh Suri, Co-founder, Promoter and Chairman and more recently the ‘Chief Mentor’ for the Subros Ltd. management passed away earlier in May 2021. Ramesh Suri experienced the auto industry closely for more than 50 years and is credited for shaping up India’s largest automotive air conditioning manufacturing company also among the largest Maruti Suzuki dealerships in the country. He contributed[Read More…]
Michelin India announced with deep sorrow and profound grief the passing away of Mohan Kumar, Executive Vice President – Michelin India earlier in May 2021 due to Covid-19 related complications. Referring to him as a valued member, the company credited him for establishing the Michelin brand in the country. Calling it an untimely loss to Michelin India and the automotive[Read More…]
India’s overall exports (Merchandise and Services combined) in April-May2021 were valued at USD 98.29 billion. A growth of 56.94 per cent over the same period last year. Overall imports in April-May2021 are estimated to be USD 104.14 billion, a growth of 77.82 per cent over the same period last year. Exports in May 2021 were USD 32.27 billion, as compared[Read More…]
Information technology, consulting and business process services company, Wipro Ltd., entered into a strategic partnership with German company FEV. A global engineering provider, to jointly develop and market solutions for software-defined vehicles, the partnership entails joint development. The two will set up an innovation lab, which will develop automotive use cases, engineer scalable software, electronic architecture and develop system features.[Read More…]
Automotive Tyre Manufacturers Association (ATMA) will undertake rubber plantation on about two lakh hectares in North East India with a total capital outlay of approximately Rs.1,100 crore. Said to be aimed at countering the plateauing of natural rubber production in the state of Kerala, the five year project was envisaged to commence in June 2021 with nearly 10,000 hectares plantation[Read More…]
Continental’s “Women for Manufacturing,” initiative is aimed at empowering and supporting women to take up a career in manufacturing through various skill development programs. Deemed to be historically stereotyped as unsuitable for women, and said to have over the years resulted in an under-representation of women in this field, as per the Continental study, a lack of awareness, the sheer[Read More…]
In the June 04, 2021 announcement, Reserve Bank of India (RBI) Governor Shaktikanta Das urged the people at large to not be overwhelmed by the current situation but resolve to collectively overcome it. The Governor informed of the repo rate left unchanged at four per cent and the reverse repo rate fixed at 3.35 per cent. The RBI projection for[Read More…]
For the month of April 2021, the quick estimates of Index of Industrial Production (IIP) with base 2011-12 stand at 126.6. The IIP for the manufacturing sector for the month of April 2021 stands at 125.1. It must be noted that the quick estimates will undergo revision in subsequent releases as per the revision policy of IIP. The use-based classification[Read More…]
Press Release | Gold level recognition to all the 12 sites Includes ten manufacturing sites and two R&D centers Eight sites recognized for the third consecutive year Marietta, USA – June 14, 2021: The International Carbon Black Association (ICBA) awarded certificates of recognition to 12 Birla Carbon sites for achieving a level of safety performance above the industry average,[Read More…]
