Other News

IAC opens new plant in Manesar

IAC opens new plant in Manesar

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…]

by August 10, 2018 Allied Business, Newscast
Continental celebrates 10 years in India; plans greenfield plant

Continental celebrates 10 years in India; plans greenfield plant

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…]

by August 10, 2018 Newscast
CII conference focused on next-gen forging technology

CII conference focused on next-gen forging technology

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…]

by August 6, 2018 Newscast
Shanthi Gears PAT up by 68%

Shanthi Gears PAT up by 68%

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…]

by August 6, 2018 Business Filings, Newscast

Continental grows by 5.4% in H1

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…]

by August 3, 2018 Newscast
Elgi acquires Australia’s Pulford Air & Gas

Elgi acquires Australia’s Pulford Air & Gas

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…]

by August 3, 2018 Allied Business, Newscast
Akihiko Kawano to Head JTEKT India

Akihiko Kawano to Head JTEKT India

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…]

by July 10, 2018 Newscast

Pune Machine Tool Expo 2018 to focus Western region

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…]

by July 10, 2018 Allied Business, Newscast, Trending
ZF demonstrates technology prowess

ZF demonstrates technology prowess

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…]

by June 28, 2018 Newscast
Faurecia breaks ground for new interiors plant in Andhra Pradesh

Faurecia breaks ground for new interiors plant in Andhra Pradesh

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…]

by June 15, 2018 Business Filings, Newscast, Trending