TVS Logistics, third party logistics (3PL) service provider, has acquired Australia-based Transtar  International Freight, through its JV arm TVS Asianics Supply Chain Solutions. The Madurai headquartered TVS Logistics will invest Rs 200 crore towards acquiring majority stake and to grow the business. Transtar, an integrated transportation and supply chain solutions provider throughout the Asia region will now help TVS Logistics[Read More…]

BorgWarner will supply Visctronic fan drives for BharatBenz heavy-duty trucks built by Daimler India Commercial Vehicles (DICV). Powered by engines based on Daimler Technology Platforms, these trucks are designed for long-haulage applications. BorgWarner’s electronically controlled variable speed Visctronic fan drives with high speed reservoir respond directly to engine cooling needs, providing precisely the right amount of cooling at the right[Read More…]

Schaeffler is providing intelligent, automatic solutions for previously purely mechanical or hydraulic clutch systems. Depending on the development stage, the system known to experts as the “E-Clutch” either operates the clutch only in specific driving situations or completely automates all clutch operations. This allows fuel-saving driving strategies, from “sailing” to electrically supported driving, to be integrated into vehicles with manual[Read More…]

ZF Hero Chassis Systems Pvt. Ltd. the 50:50 JV of ZF India Pvt. Ltd. and Hero Motors Ltd. recently inaugurated a new manufacturing plant in Oragadam, Kanchipuram district on the outskirts of Chennai city. The new facility will assemble front and rear chassis systems for leading premium automaker BMW. The new plant has been built on a plot size of[Read More…]

The BMW Group has increased its investment in BMW Financial Services India to 6.4 billion Indian Rupees (€ 98 million) in 2015 from 5.3 billion Indian Rupees (€ 80 million) in 2012. Dr Stefan David Schlipf, Managing Director and Chief Executive Officer, BMW Financial Services India said, “BMW Financial Services India has successfully established itself as the leading provider of customized[Read More…]