Gunjan D. Bidani Magnesium-based lightweight solution provider, Lite Auto Components, part of Hindustan Magnesium, recently signed a MoU with AP Economic Development Board (APEDB). As per the MoU, the company will set up a manufacturing facility with an estimated valuation of Rs.500 crore, spread over a 15 acre land parcel in Andhra Pradesh. The new facility once commissioned, is expected[Read More…]
Halla Visteon Climate Control (HVCC) has announced that the company has reached an agreement to acquire an ownership stake in Japan Climate Systems (JCS) Nanjing of 51 percent and become the majority shareholder. The cash transaction, valued at $6.4 million (6.5 billion Korean Won), is subject to adjustments and expected to be finished in the third quarter of 2014, after[Read More…]
The next-gen BSVI K-series petrol engine on the 2020 Maruti Suzuki Dzire facelift is claimed to be low on emissions and high on fuel economy. Story by: Deven Lad Maruti Suzuki India Ltd (MSIL) recently launched the new Dzire. With it, the company also unveiled the next generation of its proven K-series engine. According to Shashank Srivastava, Executive Director (Marketing[Read More…]
