The company announces the completion of its first phase of capacity expansion of its radial tyre manufacturing facility with an investment of Rs. 312 crore This expansion will result in a 31% increase in the plant’s annual output capacity, from 39 lakh to 51 lakh units The second phase of expansion is expected to be completed by April 2024 with[Read More…]
Prominent industrial and automotive supplier, Schaeffler India Limited, has announced the inauguration of manufacturing hall 2 at its manufacturing facility at Savli, Vadodara Gujarat. Dr. Stefan Spindler, CEO Industrial, Schaeffler Group and Executive Board Member, Schaeffer AG attended that launch event. The new hall will increase the manufacturing capacity for small and medium-size products, which will further enhance Schaeffler’s market[Read More…]
Mahindra’s Truck and Bus Division (MTBD) today inaugurated its one more dealership named M/s. Royal Sona Vijay Motors, in Jodhpur, Rajasthan. This dealership is the 76 addition to Mahindra’s dealership chain. Speaking on the occasion, Jalaj Gupta, Business Head – Commercial Vehicles, Mahindra & Mahindra Ltd. said, “MTBD is well on its way to becoming a formidable force in[Read More…]
The Automotive Aftermarket division of India Limited has unveiled the Schaeffler TruPower Batteries for two Wheelers. The company claimed the batteries to be specially developed for two-wheeler applications, leveraging superior VRLA (Valve Regulated Lead Acid) technology to ensure the trouble-free running of the vehicle. Mr. Debasish Satpathy, President of the Automotive Aftermarket Division, Schaeffler India said, “We are excited to[Read More…]
BorgWarner and Eldor Corporation have agreed to a deal in which BorgWarner will acquire Eldor’s Electric Hybrid Systems (EHS) business segment for Euro 75 million at closing, with the potential for an additional amount to be paid based on future performance. Eldor’s EHS segment includes onboard chargers (OBCs), DC/DC converters, and integrated high-voltage boxes, all of which are expected to[Read More…]
Battery material manufacturer, Epsilon Advanced Materials (EAMPL), has inked a Memorandum of Understanding with Japanese research company, KRI Inc. to establish a Technology Centre. This centre will be set up with an investment of Rs 300 crores. The company, through this partnership, is said to develop domestic capabilities to test advanced cell-grade materials. This will eventually bolster the Indian battery[Read More…]
Wardwizard Innovations & Mobility Ltd., an electric vehicles manufacturer under the brand ‘Joy e-bike,’ is going to provide specialized skill development and upskilling opportunities to ‘Agniveers’ and other retired army officers. The company has signed a memorandum of understanding (MoU) with the Dogra Regiment and established the Wardwizard’s EV Centre of Excellence at Dogra Regimental Centre, Ayodhya Cantt[Read More…]
Automotive lubricant brand, Mobil, today announced Bollywood actor Hrithik Roshan as its new brand ambassador. Hrithik emerged as the choice of the brand to highlight the values of driving human progress, building confidence, and enabling customers to unlock their true potential. Announcing the partnership, Vipin Rana, CEO, of ExxonMobil Lubricants Pvt Ltd, said, “We are excited to partner with Hrithik[Read More…]
