Consolidated revenues up by 18%, EBITDA by 19% and PBT by 27%. Reported PAT grew by 125%, after providing for exceptional expenses of Rs.46 crores . SMR and SMP report improved performance. Standalone revenues up by 13%, EBITDA up by 9% and Reported PAT grew by 36%. The net consolidated debt at Rs. 4,195 crore , marginally up by Rs.[Read More…]
Scratch-resistant surfaces make commercial vehicles more comfortable and economical Continental Air Spring Leveling System: valve function integrated Today’s hose lines: lighter and more heat resistant Tomorrow’s hose lines: solutions for waste heat recovery and dual fuel CONTI® HEAVY DUTY POWER: drive belts last up to 500,000 km Scratch-resistant surface materials for the driver’s cab interior, oil and coolant hoses for high-temperature[Read More…]
Bridgestone is pleased to announce that its Bridgestone-brand DUELER H/L 33 tires will be original equipment on the new Lexus NX compact crossover SUV* launched first in Japan on July 29 and then globally. Engineered with low rolling resistance, the DUELER H/L 33 will play a key role in the vehicle’s ability to deliver impressive handling, stability and fuel efficiency. Widely[Read More…]
GKN Driveline has opened a new customer support office in Toyota City, in the Aichi Prefecture of Japan. The new office, which will house commercial, engineering and quality staff, has both work and meeting spaces to encourage better relationships with key customers. The new location adds to its two manufacturing sites in Japan; one test centre with a proving ground and[Read More…]
The production location of Hirschmann Car Communication GmbH in Békéscsaba, Hungary, has been named the “Best Plant of 2013” with the supplier award from the PSA Group. With this award, the French automotive group, which owns car brands including Peugeot and Citroën, recognises the commitment and outstanding services of the employees in the Békéscsaba plant. In total, the French car[Read More…]
Financial performance Sales of $2.04 billion ($1.78 billion excluding discontinued operations) Record quarterly adjusted EBITDA of $193 million ($175 million excluding discontinued operations) Cash from operations of $31 million Continued progress under comprehensive shareholder value creation plan Reached agreement to sell majority of interiors business Completed acquisition of Johnson Controls’ electronics business on July 1 Completed HVCC acquisition of thermal[Read More…]
Ford Motor Company today announced details on new development techniques used to create its all-new Mustang and F-150, originating with the automaker’s suppliers. As Ford embarks on its most aggressive product launch year to date, with 23 launches globally – 16 in North America – the company is looking to its suppliers to help differentiate its products in the global[Read More…]
ACMA’s first Aerospace & Defence Summit stresses the need to review policy, develop infrastructure and promote collaboration With an objective to build local manufacturing capabilities and develop the Aerospace & Defence supply ecosystem in the country, the Automotive Component Manufacturers Association of India (ACMA) organised the first Aerospace and Defence Summit to understand and address the Opportunities & Challenges in[Read More…]
Text: T Murrali Mumbai headquartered Shree Jay Jagdamba Stainless Steel Ltd (SJJSSL) is planning to expand capacity as it expects to utilise the installed capacity of 4,500 tonne fully by 2015. The company is also planning to foray in to forgings later. SJJSSL makes stainless steel, carbon steel, alloy steel billets, hot rolled bars, bright bars, threaded bars and[Read More…]
Jamshedpur-based sheet metal fabricating company – Highco Engineers Private Limited is looking at expanding its product portfolio to enable it to strike a balance during the slowdown in future. The company has taken a decision to get in to those non-automotive segments that are not affected much by the cycles of slowdown. Speaking to Auto Components India, the Executive Director and CEO of Highco Engineers, Tapas K Sahu[Read More…]
