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…]
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…]
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…]
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…]
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…]
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…]
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…]
Grundfos, a global leader in intelligent and energy-efficient pumping solutions, continues its drive towards sustainability with the iTruck Drive campaign, which has now reached Chennai. The campaign, launched on September 25, 2023, from Gurgaon, has covered over 12,500 kilometres and visited over 90 cities across Haryana, Uttar Pradesh, Punjab, Rajasthan, Gujarat, Maharashtra, and Karnataka. The iTruck initiative aligns with Grundfos’[Read More…]
. Remsons Industries Ltd., a trailblazer in auto ancillary manufacturing for the automotive sector, has been bestowed with the prestigious Gold Medal in the Ecovadis Sustainability Assessment, affirming its stature as one of the top 5% of all evaluated companies globally. This recognition underscores the company’s unwavering dedication to environmental, social, and governance (ESG) excellence. Exhibiting commendable performance across pivotal[Read More…]
Geared up with the new state-of-the-art facility spanning about 2.5 lakh sq feet, Lumax Cornaglia Auto Technologies Private Limited (“LCAT”) is all set to offer market-ready emissions compliance solutions to the Indian Original Equipment Manufacturers (OEMs). Following, the successful 16-year of partnership, the Lumax Cornaglia Auto Technologies Private Limited (“LCAT”), a subsidiary / joint venture Company between Lumax Auto Technologies[Read More…]
