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…]
Martin Koers, President, Verband Der Automobilindustrie (VDA) draws attention to the need of taking green energy sources seriously by Auto components manufacturers from a long term perspective. He speaks to ACI correspondent, Deven Lad about similarities between the Indian and German auto industry and the changes that the stakeholders of the respective nations can look forward to. Q. How stable[Read More…]
