August 2014 Subscription Form Online Subscription Challenges Continue . . Dust generated by deliberations on the Union Budget has settled down more than a month ago. However, it warrants a mention now since the Budget was pragmatic with adequate focus on development of the manufacturing industry, especially the micro, small and medium enterprises, though bereft of any big announcement. Extension[Read More…]
Text: J Srikant JBM group, one of the leading Tier-1 component suppliers to both Indian and global manufacturers, is readying itself to meet the demand from the Commercial Vehicle (CV) market when it wakes up from hibernation; hints of this have already started appearing in the marketplace.For the first time in two years, sales in the heavy commercial vehicle[Read More…]
Text: J Srikant With the aim of servicing both local and international clients better, Continental Automotive Brake Systems (India) Private Limited, a subsidiary of the international automotive supplier Continental, recently moved its Hydraulic Brake Systems (HBS) manufacturing to a new plant in Gurgaon. The fullfledged plant also has an R&D centre, making it an end-to-end solution for Continental. Spread across an area of 7,000 sq m, the new plant has an[Read More…]
Text: J Srikant Industry will return to 4-6% growth after falling by 2.1% in FY2014 Trailing the revenue trajectory of the auto industry, the auto component industry too recorded its first revenue de-growth in over a decade, falling by 2.1% in the financial year 2013-14. Auto Component Manufacturers Association (ACMA) reported that the component industry has recorded a revenue of[Read More…]
Dust generated by deliberations on the Union Budget has settled down more than a month ago. However, it warrants a mention now since the Budget was pragmatic with adequate focus on development of the manufacturing industry, especially the micro, small and medium enterprises, though bereft of any big announcement. Extension of 15% allowance to companies investing more than Rs 25 crore in new plant and machinery will certainly help[Read More…]
At its monetary policy review early last month the Reserve Bank of India kept the key rates unchanged and cut the Statutory Liquidity Ratio (SLR) by 50 basis points. Cutting SLR can boost morale and build confidence, infusing additional funds in the banking system, eventually offering a little more freedom for banks to expand credit to non-governmental sectors. The apex bank has maintained the repo rate at 8%[Read More…]
After nearly three decades, the country has given one party a clear and strong mandate to govern. Political pundits view this as a harbinger of real change in every aspect of administration. No sooner were the elections announced, did sentiment pep up the bourses, signified by the gradual rise of the rupee. The rupee strengthened against the USD to Rs 58.52 when trading closed on 23rd May against[Read More…]
We have been hearing bold statements for more than a month now from politicians across the country targeting elections. While the statements are bold, deeds may certainly not be as expected. There seems to be light at the end of the tunnel, after two straight years of slowdown in the auto industry. Whether this is due to expectations from the new government, or a natural upswing, is still unclear. The manufacturing[Read More…]
Like many other sectors, the auto industry is also looking forward to a clear mandate in the forthcoming Lok Sabha Elections, hoping that the new government would address certain burning issues that have been affecting the industry and the economy as a whole. The auto industry has been reeling under pressure for the last two years with commercial vehicles taking[Read More…]
Motorcycling is becoming safer. From 2008 to 2013, the number of motorcyclists who had fatal accidents on Germany’s roads fell by 13% to 568. Experts believe that one reason for the decline is the spread of anti-lock braking systems. Summarizing the findings from the German In-Depth Accident Study GIDAS, Gerhard Steiger, president of the Bosch Chassis Systems Control division, says,[Read More…]
