BMW India has announced the opening of Krishna Automobiles, its first integrated dealership facility for BMW, MINI and BMW Motorrad in Chandigarh. The new Krishna Automobiles facility is located at 125 Industrial Area, Phase 1, Chandigarh and the dealership is headed by Satchit Passi, Dealer Principal, Krishna Automobiles. Krishna Automobiles represents BMW India with another sales and service outlet in[Read More…]
JBM Auto Ltd have shown total 25.38% increase in net profit to Rs. 20.33 crore in Q1 FY19 as compared to Rs. 16.21 crore in the same period last year. Sales including other operating income stood at Rs. 419.42 crore compared to Rs. 376.49 crore in Q1 of FY18, an increase of 11.40%. The sales from tooling business registered a[Read More…]
boodmo, India’s fastest growing online marketplace for automobile spare parts, has recently launched a sorting hub in Jaipur. This is the second such hub established by the company, following the launch of its maiden hub in Delhi in November 2017. The newly launched hub is spread over a 2,500 square feet area and has a capacity of dispatching more than[Read More…]
International Automotive Components (IAC), a leading global supplier of automotive components and lightweight vehicle solutions, has enhanced its manufacturing and engineering capabilities in the Indian market with the inauguration of its new state-of-the-art plant in Manesar. The new 5,574-square-meter (60,000-square-foot) Manesar plant consolidates two older operations in near proximity into one manufacturing location. The company invested more than $2.0 million[Read More…]
Technology company Continental celebrated its tenth year producing systems and component for safe, clean and intelligent mobility locally in India. All together Continental has been serving the Indian market for almost 50 years. On this occasion, the international automotive supplier, tire manufacturer, and industrial partner announced its plan to invest on a high three-digit crore rupees level within the next[Read More…]
Tamil Nadu Technology Development and Promotion Centre of Confederation of Indian Industry organised a conference on Next Generation Forging Technologies in Chennai recently. S Shakthi Kumar, Conference Chairman spoke about the importance of forging industry in the development of the Indian economy. He addressed a wide range of challenges, including a higher complexity of castings, more stringent requirements regarding eco-efficiency,[Read More…]
Shanthi Gears Ltd. (SGL) a subsidiary of Tube Investments of India Ltd, (TII) recently announced its financial results for the quarter ended 30th June, 2018. The turnover for the quarter was higher by 10% in comparison to the same quarter of the previous year and at Rs. 61.95 crore against Rs. 56.49 crore in the same quarter of the previous[Read More…]
Technology company Continental released its 2018 half-year results in Hanover, recently. The Dax-listed company accelerated its growth in the second quarter of 2018 and once again grew faster than its relevant markets. After six months, organic sales growth amounted to 5.4 %, with all five divisions making a contribution. In the same period, the Automotive business was up 6.6 %[Read More…]
Elgi Equipments, acquired F.R. Pulford & Son Pty Limited along with its wholly owned subsidiary Advanced Air Compressors Pty Ltd, doing business as Pulford Air and Gas (“Pulford”), based in Sydney, Australia. This acquisition was completed on July 31st, 2018. Through this acquisition, ELGi gains access to a national pool of customers to grow sales and service in Australia. Pulford[Read More…]
Akihiko Kawano takes charge as Managing Director of JTEKT India Limited (Formerly known as Sona Koyo Steering Systems Limited). This appointment has been approved by the Board of Directors of the Company and has been informed to the Exchange. Kawano brings with him 37 years of experience and has held a number of leadership roles within JTEKT Corporation, both within[Read More…]
