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…]
As per an independent survey, manufacturing activity is said to have expanded at a slower pace in December with growth in new orders and output known to have declined. Even though factories are known to have cut their prices, the Nikkei Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, declined to 53.2 in December in comparison to November’s 54.0 reading.[Read More…]
The third edition of ICAT focused on new powertrain technologies with a special focus on BSVI emissions norms, alternative fuels and electromobility. Story by: Gunjan D Bidani & Sukhpreet Singh The recently concluded 2-day convention organised in New Delhi by the International Centre for Automotive Technology (ICAT), revolved around the future of new powertrain technologies. Coming in at a time[Read More…]
