Press Release Over the next fifteen months, a number of key leaders at Mahindra & Mahindra Ltd. will be retiring. In light of that, and in pursuance of the highest standards of corporate governance, over the past one year the Governance, Nomination & Remuneration Committee (GNRC) of the Board has completed a structured and rigorous review of top management succession, which has now been ratified by[Read More…]
Union Minister of Heavy Industries & Public Enterprises (HIPE), Arvind Sawant, inaugurated new testing facilities at International Centre for Automotive Technology (ICAT). A technology appreciation drive was also organised to bring out the technical advantages of hybrid electric vehicles as compared to conventional fuel vehicles. During the event ICAT presented the outcome of the technical assessments carried out on various[Read More…]
BorgWarner has entered into an agreement with ChangAn Automobile of China to supply its triple-clutch P2 drive module and electro-hydraulic control unit for ChangAn’s new-generation hybrid transmission. The components-major expects to achieve mass production of its P2 modules on the new model of Changan in 2020. The integrated P2 drive module and electro-hydraulic control unit is claimed to offer improved[Read More…]
Filtration technology and thermal management solution provider UFI Filters recently launched its first aftermarket plant at Bahadurgarh in NCR. The new plant will be a dedicated unit for the company’s aftermarket operations serving both the local spare parts market and export requirements. The company claims that the plant will meet European Standards for processes and quality and will be ISO[Read More…]
ACMA has unveiled a Mechatronics lab and another Design lab at its Centre of Excellence (ACoE) – Saksham, located in the IIT-Delhi campus in Sonipat. Set up with a total cost of Rs 4.5 crore, the Mechatronics lab is focused on imparting skills in the field of automation and Modular Production Systems (MPS) while the Design lab intends to enable[Read More…]
Bajaj Auto has rekindled the iconic Chetak brand, albeit in an electric avatar. The new scooter comes with a sheet metal body panels and a rigid chassis structure. Suspension duties are taken care of by a single-sided tubular single sided suspension and the front wheel gets a disc brake. The powertrain comes equipped with a unique single-sided cast aluminium swing[Read More…]
In a bid to take customer experience a notch higher, Kia Motors recently launched BEAT360 brand experience space in Gurugram, Haryana. India is the first overseas market where this center is being launched, after Seoul in South Korea. The company plans to open similar experience centres in other metros in India in days to come. Spread over an area of[Read More…]
On August 1, 2019, Society of Indian Automobile Manufacturers (SIAM) held its sixth Automotive Logistics Conclave. Themed as ‘Need for optimisation of resources’, its main purpose was to find solutions to optimise resources and fill the gaps to facilitate industry growth. Prem K Verma, Chairman, SIAM Logistics Group in the inaugural session said, ‘’Our vision is to facilitate need-based[Read More…]
Doosan Bobcat India, the wholly owned subsidiary of Doosan Bobcat Inc., announced officially the inauguration and commencement of operation from its first manufacturing facility in Gummudipoondi near Chennai in Tamil Nadu. With a total investment of Rs 190 crore (USD 26M) for the next 5 years, the state-of-the-art factory is spread across an area of 21.6 acres and has an[Read More…]
Ashok Leyland earmarks 20 billion capex for key CV projects to be executed over the next two fiscal years. Bhargav TS and Ashish Bhatia Ashok Leyland has earmarked 20 billion (Rs.2000 crores) as the capex for key CV projects to be executed over the next two fiscal years. Having reported total revenue of Rs.29055 crores with a net profit of[Read More…]
