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
ZF GROWS CV PRESENCE IN INDIA

ZF GROWS CV PRESENCE IN INDIA

ZF, a Tier 1 automotive parts supplier, demonstrates its commitment to India’s industrial landscape with a robust manufacturing presence, exemplified by its recent record revenue of Rs. 10,000 crore solely from Indian operations. The company’s strategic focus on the Commercial Vehicle (CV) segment is underscored by the expansion of its Commercial Vehicle Solutions (CVS) Division, marked by the inauguration of[Read More…]

by April 24, 2024 Newscast, Uncategorized
CUMMINS OFF-HIGHWAY PLAY

CUMMINS OFF-HIGHWAY PLAY

Cummins Inc., led by Antonio Leitao, VP – Off-highway, Engine Business & Europe ABO Leader, is at the forefront of sustainable mobility initiatives, particularly in the off-highway sector. Their commitment to developing application-based solutions is evident in their extensive range of engines optimized for various duty cycles and applications. From robust engines tailored for heavy-duty construction equipment to versatile powertrains[Read More…]

by April 24, 2024 Newscast
ROBUST TRAILER UNDERPINNINGS

ROBUST TRAILER UNDERPINNINGS

BPW Trailer Systems India Pvt. Ltd. is dedicated to developing a robust lineup of underpinnings tailored specifically for off-road use. Their air suspension technology is optimized for off-road applications, supporting a rated load of 12-14 tonnes for daily transport operations. Nagaraj Ubale, Director of the company, asserts that the BPW SL air suspension stands out as the premier choice due[Read More…]

by April 24, 2024 Newscast
L-R Sandeep Ghambir, CEO, Vertelo; Abhishek Poddar, India Country Head and MD, Macquarie Asset Management (MAM); Moneycontrol

Macquarie Launches Vertelo, a $US 1.5B EV Fleet Solutions Platform in India

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…]

by April 23, 2024 Newscast
Yokohama Rubber holds ceremony for new passenger car tyre plant in Mexico

Yokohama Rubber holds ceremony for new passenger car tyre plant in Mexico

The Yokohama Rubber Co., Ltd., announced that it recently held a groundbreaking ceremony on April 15 ahead of the start of construction of its new passenger car tyre plant in Mexico. The ceremony was attended by many local government officials and representatives from the local community, including Coahuila Governor Manolo Jiménez Salinas and Saltillo Mayor Jose Maria Fraustro Siller. From[Read More…]

by April 23, 2024 Newscast