Continental Automotive Brake Systems (India) Private Limited, a subsidiary of the international automotive supplier Continental, announced the relocation of its Hydraulic Brake Systems (HBS) plant to a new production facility in Gurgaon. The plant’s new 7000 square meter production facility is capable of producing around 1.5 million calipers, boosters and drum brakes, to cater to increasing demand from OEMs. The[Read More…]
Ms Mallika Srinivasan, Chairman & CEO of TAFE Group was conferred the Padma Shri by the Government of India for her contribution to Trade & Industry. She received the award from Hon’ble President Pranab Mukherjee at a glittering function held at the Rashtrapati Bhavan on 26 April 2014. Srinivasan is a gold-medalist in Econometrics from the University of Madras, Mallika[Read More…]
DHL Supply Chain, a unit of Germany-based Deutsche Post DHL, opened its new Sagamihara Logistics Center, a purpose-built facility located in Sagamihara City, Kanagawa Prefecture, Tokyo. The company invested USD$50m for the construction of the centre. “Our investment in the new Sagamihara Logistics Centre is evidence of DHL’s long term commitment to the logistics market in Japan,” said Victor Mok, CEO[Read More…]
World’s largest two-wheeler manufacturer by volume, Hero MotoCorp Ltd (HMCL) today launched its operations in Bangladesh through a Joint Venture (JV) with the Nitol Niloy Group. The JV was announced here today by Pawan Munjal, Managing Director & Chief Executive Officer, Hero MotoCorp Ltd, and Mr. Abdul Matlub Ahmad, Chairman, Nitol Niloy Group of Companies. Hero will hold majority stake[Read More…]
Daimler India Commercial Vehicles the wholly-owned subsidiary of Daimler AG, today announced the departure of VRV Sriprasad as Vice President- Marketing, Sales and After-sales, from the company eith effect 1 May 2014. R Ramesh who was hitherto AVP – Aftersales will take-over as Head –Aftersales & Exports and V Sreeram, who was hitherto AVP – Sales will take-over as Head[Read More…]
SKF is supplying Volkswagen with energy efficient bearings to the E-powertrain of their first full electric vehicle, the e-up. The company is supplying customised tapered roller bearings and eDrive ball bearings to the electric motor and gearbox of the e-up!, which was launched the fall of 2013. The solutions help to reduce the friction and noise in the E-powertrain, enabling[Read More…]
J Srikant Freescale Semiconductor, a major electronic solution provider to auto sector, and Broadcom Corporation have partnered to create Freescale’s Qorivva MPC5606E – the industry’s first fully-integrated, packaged microcontroller (MCU) and physical layer transceiver (PHY) solution for use in 360 degree camera systems. “Our collaboration with Broadcom resulted in a single, small-footprint solution that combines the image compression features of[Read More…]
Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Daimler India Commercial Vehicles Pvt. Ltd. (DICV), today reported important personnel changes in their Board of Management, which will be effective June 01, 2014. These changes have been decided by the Board of Management, Daimler AG, but as a formality are still subject to the approval by the Shareholders’ meeting and[Read More…]
By J Srikant Continental, the fourth largest tyre manufacturer globally, today entered the fast growing radial tyre segment for the commercial vehicle in India by launching 4 tyres. It also announced that it would start distribution of radials for passenger car by the end of year 2014. “It was a strategic move in 2011 to come to India, and we[Read More…]
Igus celebrated the beginning of a adventurous world wide tour to mark the 30th anniversary of its ‘iglidur’ polymer bearings and the 50th anniversary of the company as a whole. Igus GmbH sent out a small, retrofitted car on a round-the-world trip with its first stop in “Incredible India”. Igus presented the car fitted with 56 Igus polymer bearing components[Read More…]
