Text: Anusha B Honda Cars India Limited (HCIL) to source components in India worth Rs 1000 crore during the current fiscal ousting the Rs 700 crore sourcing in the previous year. HCIL had a very luring and profitable 2014-15 fiscal and they figured the growth percentage as 41%. The company also plans to increase the production capacity in its Rajasthan[Read More…]
Text & Photos: Bhargav TS Couple of years back when Mahindra launched XUV 500, it became an instant sucess and the waiting period for the vehicle rose up to 6 months. Cheetah inspired new design and cost competitive attribute were the de-facto challenges and these proportionate with the waiting period. Since its lauch, in just 33 months the SUV sold[Read More…]
The Indian automotive industry consumes around 70% of the forgings produced in India. Asheet Pasricha, President, Association of Indian Forging Industry (AIFI) told Leon Martin Ray about the forging industry in India and the way ahead for the sector. Edited excerpts: How many forging units are there in India and what is the percentage of the large, medium-sized and small[Read More…]
Tamil Nadu has attracted an investment of Rs 2,42,160 crore investment in the first Global Investors Meet that concluded today in Chennai. In the valedictory section, Chief Minister of Tamil Nadu, J Jayalalithaa said, “I am extremely happy to inform you that in a resounding endorsement of the State of Tamil Nadu the total amounting investments that have been finalised[Read More…]
Tamil Nadu’s first Global Investors Meet (TN GIM 2015) was officially inaugurated by Chief Minister J Jayalalithaa today. The CM also inaugurated 3 major industrial projects with a total investment of Rs 2,568 crore – the new two-wheeler unit of India Yamaha Motor (IYM) in Kancheepuram district with a capacity of producing 1.8 million two-wheelers per annum and its 9[Read More…]
Rough Patches The Indian automobile industry is travelling through rough patches as the industry faces lot of challenges ahead. The industry is eagerly looking at the implementation of Goods and Service Tax (GST) where the central government is mulling over calling a special session of Parliament in the second week of September to pass the Constitution Amendment Bill, 2015 or[Read More…]
India Yamaha Motor Pvt. Ltd. (IYM), the leading two wheeler manufacturer, today inaugurated its third manufacturing facility at the industrial park in Vallam Vadagal situated at the outskirts of Chennai, Tamil Nadu. The plant was inaugurated during the opening ceremony of the Global Investors Meet 2015 by the Hon’ble Chief Minister, J Jayalalithaa in the presence of Mr. Hiroaki Fujita,[Read More…]
Every year, at the ACMA Annual Convention, a few companies are chosen as the deserving winners for achieving excellence in manufacturing, quality and productivity, technology, exports and human resources. This year at the 55tth National Conference, ACMA, the apex body honoured the achievers in the respective field. Excellence in HR MSME Category Certificate of Appreciation: Autostart India, Faridabad Small Category[Read More…]
The 55th SIAM Annual Convention witnessed the curtain raiser for the Automotive Mission Plan 2016-2026. This is the second edition of the Automotive Mission plan after the 2006-2016 plan. The Automotive Mission Plan 2016-26 (AMP 2026) is the collective vision of Government of India (Government) and the Indian Automotive Industry. It is aimed at mapping the progress of the automobile[Read More…]
Addressing the 55th SIAM Annual Convention today in New Delhi today, the Union Minister of Road Transport and Highways, Nitin Gadkari, said that the government has been mulling the option of creating a new department of transport which will be headed by a new Secretary. The new department will have experts who will help draft the technical regulations in a[Read More…]
