The automotive components industry has set expectations from the Union Budget 2022. Ashish Bhatia shares the industry’s wishlist from the annual spectacle. The Union Budget 2022 will be presented in the parliament on February 01, 2022, by Union Finance Minister (FM) Nirmala Sitharaman amidst the third wave of Covid-19 having a direct bearing on the fourth quarter of FY2022 (Q4FY2022).[Read More…]
The cabinet approved Rs 26,058 crore PLI scheme for auto, auto-components and drone industry. The government reduced the outlay for this PLI scheme to Rs 25,929 crore from Rs 57,042 crore announced in November last year. Speaking of the decisions taken on the auto sector, Anurag Thakur said that the incentives worth Rs 26,058 crore will be provided to the[Read More…]
Text & Photos: Bhargav TS Reliance Industries is to play a major role in the automobile industry as the company is gearing up to increase the presence of plastics in vehicles. With the increasing demand from various sectors such as automobile, engineering, packaging, infrastructure, agriculture and healthcare, the Indian plastics industry is likely to witness a substantial growth in investment[Read More…]
Text & Photo: J Srikant Universal Automotive, a known name in auto servicing in the national capital region, has decided to enter auto component manufacturing as the industry hopes to rebound from the longest slowdown it has experienced. Started as Universal Auto Traders in 1953, Universal Automotive specialises in service of diesel engines and fuel injection equipment. “We have decided[Read More…]
Text: J Srikant Auto Ignition, one of the well-known names in the tractor industry for starter motors and alternators, after catering to almost all the majors in the agricultural equipment industry, is now training its guns at the Commercial Vehicle (CV) segment. The move comes at a time when the CV industry is looking to get back on its feet[Read More…]
Text: T Murrali; Photos: Bhargav TS Focusing on stimulating growth in the aftermarket, the Confederation of Indian Industry (CII) organised Auto Serve recently in Chennai. The 6th edition of the event – titled Auto Serve 2014, drew visitors from a band of segments including vehicle manufacturers, dealers, components and accessories manufacturers, third-party multi-brand garages, the business community and academia. It[Read More…]
By T Murrali For more than a century machines have begun making their presence felt in manufacturing as production germinated from single pieces to batches, and finally mass manufacture. Today, in auto components manufacturing, even the smallest of things – loading and unloading of non-heavy and non-hazardous components – are done by machines. In this scenario, what is in store for people? Are automation[Read More…]
Text & Photo: Bhargav TS The third edition of Auto Ancillary Show 2014, which recently concluded at the Auto Cluster Exhibition Complex, Pune, drew more attraction from the auto industry, both from vehicle and component manufacturers. The show focused on the theme ‘Lightweighting,’ to highlight to the auto industry the importance of polymers, composites and other advanced materials in reducing[Read More…]
Text & Photos: J Srikant The automotive industry in India is moving fast towards increasing use of electronics in vehicles. Not just cars, even the 2-wheeler segment is getting more electronics fitted into their vehicles. One of the earliest electronic features to be used in a 2-wheeler was the flasher when it was made mandatory by the Motor Vehicle Act[Read More…]
Text: J Srikant MVD Auto Components, the Delhi based manufacturer of switches, solenoids and sensors, has started operations in its recently built manufacturing unit at Noida. With this, the number of plants for MVD has gone up to 3; the other 2 plants are located in New Delhi and Gurgaon. The Noida unit is the biggest of the 3 and[Read More…]
