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…]
Indian Machine Tool Manufacturers’ Association (IMTMA) is organizing the second edition of Pune Machine Tool Expo (PMTX 2018) in Pune. The expo spread over 4 days will feature exhibitors displaying technology and innovations in metal cutting and metal forming. Pune is known as the Detroit of western India. The city is base to a large number of industries in automotive,[Read More…]
Friedrichshafen. ZF is demonstrating its extensive systems expertise with the e.Go Mover. The company is supplying its technology to this vehicle as a partner in the newly founded e.GO Moove GmbH joint venture. In addition to other innovations which ZF will show at IAA in Hanover this September, the e.GO Mover is part of an entire digital logistics offer including[Read More…]
Faurecia Interior Systems (FIS) has commenced the construction of its new Rs 50-crore instrument panel (IP) plant in Andhra Pradesh. The greenfield factory is located at Kia Motors India’s component Vendor Park ‘A’ at Ammavaru Palli, Penukonda Tehsil, Anantpur district in Andhra Pradesh. Faurecia recently bagged the order from Kia Motors for the first time. The IP manufacturer will supply[Read More…]
Kia Motors India interacted and engaged with over 200 automobile suppliers from across the country as a part of their search for component supply partners. Kia Motors had organised the event to identify and enter into long term partnerships with the finest suppliers of the country, with an intention to localise all components, to ensure competitive maintenance costs of future[Read More…]
Nirmala Behera Udgata, Executive Director – Group HR & Priyanka Behera, Head – Group CSR, RSB Group, have been conferred with Hall of Fame (Individual Category), The Golden Globe Tigers Award 2018, respectively for Excellence in HR Leadership & Excellence in CSR Leadership at World HR & CSR Congress, Kula Lumpur, which is attended by HR & CSR fraternity and dignitaries from Europe,[Read More…]
Society for Automotive Fitness & Environment (SAFE), a SIAM initiative in association with Ministry of Road Transport & Highways, Transport Department Government of Assam, organised its annual convention in Guwahati, Assam. The theme for this year’s convention was “Enforcement, Intelligent Transportation and Training for Safer Roads”, which was aimed at addressing the safety hazards that our roads present due to[Read More…]
