Klüber Lubrication, a global expert in speciality lubricants, has announced a significant expansion of its operations facility in Mysore, set to be fully operational at the latest by the beginning of 2027. Klüber India’s manufacturing plant in Mysore is spread over 17000 sq. m at present and produces world-class speciality lubricants. The company recently announced an investment of INR 142[Read More…]
EVR Motors, an Israel-based innovator specializing in high power-density electric motors, inaugurated its new greenfield plant in Manesar, Haryana, under its subsidiary, I.EVR Motors Pvt Ltd. This facility marks a significant milestone as the first manufacturing operation in India for an Israeli automotive firm and will play a pivotal role in EVR’s global production strategy. The state-of-the-art plant in Manesar[Read More…]
ASK Automotive Limited, India’s largest brake shoe and Advanced Braking Systems manufacturer for two-wheelers in India, announced its financial results for the fourth quarter and full year ended 31st March 2024. Key Financial Highlights: Strong performance delivered in Q4 FY24 and recorded Consolidated Total Income of Rs. 78,586 lacs with +38% YoY growth. Total Consolidated Income for FY24 stands at[Read More…]
Teledyne FLIR, part of Teledyne Technologies Incorporated, commends the National Highway Transportation Safety Commission (NHTSA) for finalizing a Federal Motor Vehicle Safety Standard that will require pedestrian automatic emergency braking (PAEB) on all passenger cars and light trucks by September 2029. More than three-quarters of pedestrian fatalities, and about half of pedestrian injuries, occur in darkness. The final rule places an upper bound[Read More…]
Bridgestone India announced the launch of its new marketing campaign, “Trailblazing with Dueler A/T,” for the latest addition to its tyre lineup, the Bridgestone Dueler Tyre. This robust campaign is engineered to showcase the Dueler Tyre’s exceptional ability to perform in any terrain, emphasizing its aggressive tread pattern, enhanced traction, and excellent grip in both wet and dry conditions without[Read More…]
Amidst anticipation for the forthcoming guidelines of India’s new Electric Vehicle (EV) policy, companies are preparing to leverage the opportunities it presents. The policy, offering incentives such as reduced customs duties on limited car imports, underscores a strategic push towards encouraging domestic production and localization efforts. As per the policy framework, companies venturing into EV manufacturing must commit to setting[Read More…]
Vedanta Aluminium, India’s largest producer of aluminium, recently organised AutoEdge 2024, an industry conclave for the automotive sector, in New Delhi. Aluminium, responsible for enabling several forms of modern transportation, has also established itself as a critical raw material for automotive manufacturing. The event featured expert-led sessions on the future roadmap of the sector and the role of aluminium in[Read More…]
Onkar Kanwar, Chairman, of Apollo Tyres Ltd has been conferred with the Lifetime Achievement Award at the All India Management Association (AIMA)’s Managing India Awards ceremony. Shri Jagdeep Dhankhar, Honourable Vice President of India, presented the award to Mr Kanwar in the presence of other dignitaries from various sectors. Onkar Kanwar was recognised for his value-driven business strategy and his[Read More…]
ASK Automotive Limited, India’s largest manufacturer of brake shoes and advanced braking systems for two-wheelers, announced a joint venture agreement with AISIN Group Companies, comprising AISIN Asia Co. Ltd. and AISIN Automotive Haryana Private Limited, to market and sell the auto components in Independent Aftermarket for passenger car products. With this Strategic Collaboration, both companies endeavour to expand their footprints[Read More…]
Macquarie Asset Management (MAM), part of Macquarie Group, has launched Vertelo, a new platform providing end-to-end solutions in fleet electrification in India. The company aims to accelerate the transition of fleets to electric vehicles and build a robust EV ecosystem by offering bespoke solutions to customers including leasing and financing, charging infrastructure and energy solutions, fleet management services, and end-of-vehicle[Read More…]
