Articles by: Richa Tyagi

Freudenberg Group Achieves Record Growth in 2023, Plans Major Investments in India

Freudenberg Group Achieves Record Growth in 2023, Plans Major Investments in India

Freudenberg Group, a global technology conglomerate, which commemorates its 175th anniversary year in 2024, today reported record growth in revenues and operating profits for the financial year 2023. Freudenberg achieved sales of €11,902.8 million, 1.3 % higher than the previous year’s figure of €11,753.1 million. The operating profit of €1,081.6 million showed a significant increase of about 15 percent, compared[Read More…]

by April 8, 2024 Newscast
Nippon Paint unveils Mastercraft, for Exemplary Automotive Aftermarket Body and Paint Work

Nippon Paint unveils Mastercraft, for Exemplary Automotive Aftermarket Body and Paint Work

Asia Pacific’s leading paint and coating company, Nippon Paint has launched its consumer facing automotive body and paint repair service brand, Mastercraft. Mastercraft promises exemplary body and paint work, car decoration services and ultra-fast velocity repairs, backed by Japanese precision and technology. The first Mastercraft store has been established in Gurugram. Mastercraft Gurugram, operated by N-Square Automotive Services will cater[Read More…]

by April 7, 2024 Newscast
Polymatech Electronics Signs deal with Japan’s Orbray

Polymatech Electronics Signs deal with Japan’s Orbray

Polymatech Electronics, India’s leading manufacturer of opto-semiconductor chips, has recently entered into a memorandum of understanding (MoU) with Orbray Co Ltd, a Japanese firm. This partnership marks a significant step towards Polymatech’s ambition to become a fully integrated semiconductor company. Under the terms of the agreement, Orbray will provide Sapphire Ingot growing technologies, with the installation slated for completion by[Read More…]

by April 3, 2024 Newscast
Servotech Power Systems and Electra EV Partner for EV Charging Technologies

Servotech Power Systems and Electra EV Partner for EV Charging Technologies

Servotech Power Systems Ltd., a leader in the development of EV chargers and solar solutions, and Electra EV, India’s leading Electric Vehicle Powertrain solutions company, have announced a collaboration for a jointly owned revolutionary EV charger technology, for which they filed for patents recently. These ground-breaking solutions enable fast DC charging of any GB/T Bharat DC 001 vehicle (which is on[Read More…]

by April 3, 2024 Newscast
ATMA Elects Arnab Banerjee as New Chairman

ATMA Elects Arnab Banerjee as New Chairman

Arnab Banerjee, Managing Director & CEO of CEAT Ltd has been elected as the new Chairman of Automotive Tyre Manufacturers’ Association (ATMA), the national industry body for the automotive tyre sector in India. Having joined CEAT in the year 2005 as Vice President-Sales and Marketing, Arnab Banerjee has shouldered several responsibilities and was the Chief Operating Officer at CEAT since[Read More…]

by March 30, 2024 Newscast
Spark Minda Achieves 1 Million Smart Keyless System Milestone for India & Global Markets

Spark Minda Achieves 1 Million Smart Keyless System Milestone for India & Global Markets

Minda Corporation Limited, the flagship company of Spark Minda, reaffirms its commitment to Make-in-India with the rapid rollout of its 1 millionth two-wheeler Smart Keyless System from its cutting-edge manufacturing facilities nationwide. This Smart Keyless System is designed & developed at its state-of-the-art Smart Minda Technical Centre, and epitomizes Indian design and engineering excellence. Commemorating the milestone, Ashok Minda, Group Chief[Read More…]

by March 22, 2024 Newscast
FPT Industrial Sets A New Record with Production of 200,000th Engine in Cordoba

FPT Industrial Sets A New Record with Production of 200,000th Engine in Cordoba

FPT Industrial, the Iveco Group brand dedicated to the design, production, and sale of low- environmental impact powertrains, reached another significant milestone at its plant in Cordoba (Argentina) with the production of engine number 200,000, less than two years after reaching the milestone of 150,000 in September 2022. Established in 2012, the Cordoba plant is dedicated to the production of[Read More…]

by March 21, 2024 Newscast
Uno Minda Launches 4 Wheeler Rear View Mirror

Uno Minda Launches 4 Wheeler Rear View Mirror

Uno Minda, a supplier of Automotive Solutions to OEMs, has introduced a range of 4 Wheeler Rear View Mirrors in the Indian market. This product is designed to enhance road visibility to drivers, promoting attentiveness behind the wheel by offering a clear view of the vehicle’s surroundings. Whether you’re navigating through traffic, parking, or manoeuvring in tight spaces, this mirror[Read More…]

by March 20, 2024 Newscast
India’s PCBL Rises on JV Agreement with Kinaltek

India’s PCBL Rises on JV Agreement with Kinaltek

PCBL, the largest carbon black manufacturer in India, as per its announcement made earlier has executed a JV with Kinaltek, an Australian company, which has developed nano silicon technology for battery application. PCBL shall own 51% of the JV company which will have the intellectual property and know-how of products of battery application and a pilot plant for the same.[Read More…]

by March 20, 2024 Newscast
Sona Comstar Achieves Two Production Milestones

Sona Comstar Achieves Two Production Milestones

Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, has announced the achievement of two remarkable production milestones. The company has successfully manufactured 400 million differential gears and 6 million differential assemblies, marking a significant accomplishment in its journey of excellence. Sona Comstar designs and manufactures differential assemblies, precision-forged differential gears, and[Read More…]

by March 18, 2024 Newscast