Other News

ACMA Drives Localization Initiatives with 3rd FARM Equipment & Implements Expo

ACMA Drives Localization Initiatives with 3rd FARM Equipment & Implements Expo

The Automotive Component Manufacturers Association of India (ACMA), the apex body of the Indian auto component industry, successfully hosted the 3rd edition of the ACMA Farm Equipment & Implements Localization Expo on May 21, 2024 in Ludhiana. With participation from over 60 prominent exhibitors, the expo garnered attention from dedicated B2B participants and industry stakeholders, fostering engagements between manufacturers and[Read More…]

by May 23, 2024 Newscast
JK Tyre records highest ever revenues and profits in FY24

JK Tyre records highest ever revenues and profits in FY24

Indian Tyre Industry major, JK Tyre & Industries Ltd. (JK Tyre) announced its audited results for FY2024. The Board has recommended a dividend of Rs.4.50 per equity share (including an interim dividend of Rs.1.00 per equity share already paid) i.e. 225% for the financial year ending 31st March 2024. Commenting on the results, Dr Raghupati Singhania, Chairman and Managing Director[Read More…]

by May 22, 2024 Newscast
Klüber Lubrication announces investment of INR 142 Crores to expand its plant in India

Klüber Lubrication announces investment of INR 142 Crores to expand its plant in India

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…]

by May 22, 2024 Newscast
EVR Motors Sets Up its Manufacturing Facility in India

EVR Motors Sets Up its Manufacturing Facility in India

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…]

by May 20, 2024 Newscast
ASK Automotive Limited Delivered Robust Performance in Financial Year 2023-24

ASK Automotive Limited Delivered Robust Performance in Financial Year 2023-24

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…]

by May 20, 2024 Newscast
Satish Sharma, Industry Veteran, Announces Early Retirement from Apollo Tyres

Satish Sharma, Industry Veteran, Announces Early Retirement from Apollo Tyres

In a recent exchange filing, Apollo Tyres Ltd. announced a significant development resulting from the Board meeting held on May 14, 2024. Satish Sharma, the President of APMEA at Apollo Tyres, has decided to pursue early retirement to focus on personal interests. Consequently, he has tendered his resignation as the Whole-time Director of the company, as well as from his[Read More…]

by May 15, 2024 Newscast
Teledyne FLIR Commends NHTSA Ruling for Automatic Emergency Braking Requirement on Passenger Vehicles

Teledyne FLIR Commends NHTSA Ruling for Automatic Emergency Braking Requirement on Passenger Vehicles

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…]

by May 10, 2024 Newscast
Bridgestone India Unveils “Trailblazing with Dueler A/T” Campaign

Bridgestone India Unveils “Trailblazing with Dueler A/T” Campaign

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…]

by May 9, 2024 Newscast
*EMotorad, Backed by MS Dhoni, Prepares to Inaugurate South Asia’s Largest E-Cycle Gigafactory*

*EMotorad, Backed by MS Dhoni, Prepares to Inaugurate South Asia’s Largest E-Cycle Gigafactory*

EMotorad, a Pune-based electric cycle manufacturer supported by cricketer Mahendra Singh Dhoni, is nearing the completion of phase one of its gigafactory in Ravet, Pune. The 240,000-square-foot facility is set to be inaugurated on August 15th, marking a significant milestone as South Asia’s largest integrated e-cycle manufacturing unit. With a projected capacity to produce 500,000 e-cycles, the factory underscores EMotorad’s[Read More…]

by May 7, 2024 Newscast
India’s EV Policy Sparks Industry Optimism; Anticipate Surge in Investments

India’s EV Policy Sparks Industry Optimism; Anticipate Surge in Investments

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…]

by May 7, 2024 Newscast