Newscast

Simplex Castings Ltd selected as preferred manufacturer of equipment for TsNIIchermet (Russia), bags first order worth Rs 20 Million

Simplex Castings Limited and ADJ Engineering have been selected as partners by I.P Bardin TsNIIchermet, a prominent Russian Central Research Institute for Iron and Steel Industry, to manufacture metallurgical equipment designed and developed by TsNIIchermet for Indian and Russian steel plants. This partnership signifies a significant milestone for Simplex Castings Limited, as it marks the initiation of collaboration under the[Read More…]

by April 30, 2024 Newscast
Uno Minda Introduces Clarton’s Premium C80 Trumpet Horn with European Technology to Indian Aftermarket

Uno Minda Introduces Clarton’s Premium C80 Trumpet Horn with European Technology to Indian Aftermarket

In today’s automotive landscape, Indian consumers are driving a shift towards premium products, transforming cars from mere necessities into style statements and expressions of personal identity. This shift is evident in the increasing attention to detail and willingness to invest in upgrades beyond traditional interior and exterior enhancements. A notable trend is the replacement of standard disc horns with premium[Read More…]

by April 29, 2024 Newscast
Vedanta Aluminium organises ‘AutoEdge’ conclave, shares aluminium range for auto industry

Vedanta Aluminium organises ‘AutoEdge’ conclave, shares aluminium range for auto industry

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…]

by April 26, 2024 Newscast
Onkar Kanwar gets Lifetime Achievement Award

Onkar Kanwar gets Lifetime Achievement Award

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…]

by April 26, 2024 Newscast
Tata Motors Accelerates Innovation: Record 222 Patents Filed and 333 Grants Secured in FY24

Tata Motors Accelerates Innovation: Record 222 Patents Filed and 333 Grants Secured in FY24

Tata Motors, the preeminent automobile company in India, has yet again achieved a noteworthy milestone in intellectual property rights (IPR) by filing a record-breaking number of 222 patents and 117 designs applications during the fiscal year FY24, marking the highest in its history. These filings encompass a diverse range of product and process innovations, strategically addressing key automotive megatrends such[Read More…]

by April 25, 2024 Newscast
ASK Automotive and AISIN Group Form JV to Expand Independent Aftermarket

ASK Automotive and AISIN Group Form JV to Expand Independent Aftermarket

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…]

by April 25, 2024 Newscast
ATMA SPOTLIGHTS TYRE INDUSTRY TRENDS

ATMA SPOTLIGHTS TYRE INDUSTRY TRENDS

The Automotive Tyre Manufacturers Association (ATMA), representing 95% of India’s tyre industry, convened its Annual Conclave in New Delhi on February 16, 2024. Anshuman Singhania, Chairman of ATMA India, outlined ambitious goals to increase tyre exports to over USD 5 billion by 2030, positioning India among the top three global tyre hubs. He noted the significant growth in Indian tyre[Read More…]

by April 25, 2024 Newscast
MAHINDRA MPOWER MOVEMENT

MAHINDRA MPOWER MOVEMENT

The Indian Institute of Management Ahmedabad (IIM Ahmedabad) served as the host and knowledge partner for the Mahindra Mpower movement once again, igniting the corridors of the prestigious institute with the presence of bright young transporters eager to propel their family businesses into the realm of professionalism. This platform, hailed as a catalyst for youth engagement in the transportation industry,[Read More…]

by April 24, 2024 Newscast
VOTE ON ACCOUNT: SIGNS FOR THE FULL BUDGET

VOTE ON ACCOUNT: SIGNS FOR THE FULL BUDGET

The Vote On Account, or interim Union Budget, aimed to sustain momentum from Union Budget 2023 by surpassing the previous CapEx outlay, reaching 3.3% of GDP. Finance Minister Nirmala Sitharam set a CapEx outlay of ₹11.11 lakh crore, aligning with industry expectations for continuity and reform momentum. Despite limitations, the industry presented its wishlist to the Ministry of Finance. FM’s[Read More…]

by April 24, 2024 Newscast
MARKET-READY RECRUITMENT HUNT

MARKET-READY RECRUITMENT HUNT

As newer technologies and alternative fuel vehicles reshape India’s automotive sector, the expectations from human resources in auto component manufacturing are evolving. While larger companies find it easier to provide training, the challenge lies in selecting candidates with the right skillset. Particularly, there is a scarcity of product designers, as many prefer opportunities with European or US firms. Nandakumar P,[Read More…]

by April 24, 2024 Newscast