Text: J Srikant Many are calling Defence and Aerospace the sunshine sectors when it comes to manufacturing and it is slowly taking wings in India too. Auto component industry, which has been one of the most prominent manufacturing sectors since liberalisation in the early 1990s, is looking to corner a piece of the pie. To give a glimpse into the[Read More…]
Mitsubishi Electric Corporation announced today that its new Mexican subsidiary, Mitsubishi Electric Automotive de Mexico, S.A. de C.V., commenced automotive parts manufacturing and sales operations in October. The new base in Mexico, where car production is thriving, will put Mitsubishi Electric in a better position to expand its auto parts business in the Americas. The company aims to achieve annual[Read More…]
SKF India’s Two Wheeler business unit received the Quality Silver award from Bajaj Auto Ltd. for valuable support and contribution for the year 2014. The supplier assessment was based on criteria such as quality, cost, delivery, service and supplier’s response management. Mr. Harsha Kadam, Director Two Wheeler Business Unit, SKF India and Mr. Shailesh Shet, DGM, 2 Wheeler Sales-Western Region,[Read More…]
Text: T Murrali The auto industry and the auto components industry in particular are saddled with several issues ranging from fluctuating cost of inputs, increasing operating cost, lack of steady policy, unfavourable economy, etc. Irrespective of the situation they have to maintain the key parameters such as quality, cost and delivery as their customers’ (OEMs) customers have been very[Read More…]
Text: J Srikant JBM group, one of the leading Tier-1 component suppliers to both Indian and global manufacturers, is readying itself to meet the demand from the Commercial Vehicle (CV) market when it wakes up from hibernation; hints of this have already started appearing in the marketplace.For the first time in two years, sales in the heavy commercial vehicle[Read More…]
Text: J Srikant Industry will return to 4-6% growth after falling by 2.1% in FY2014 Trailing the revenue trajectory of the auto industry, the auto component industry too recorded its first revenue de-growth in over a decade, falling by 2.1% in the financial year 2013-14. Auto Component Manufacturers Association (ACMA) reported that the component industry has recorded a revenue of[Read More…]
Srikant J Once every few years there comes a vehicle that challenges the set perceptions of the public about a particular segment of cars. The iconic M800 started it in the mid-80s; Toyota Qualis did it for MUVs and Mahindra Scorpio did so for the SUV segment. Maruti Suzuki now banks on the Celerio, with its much acclaimed first-in-the-country[Read More…]
T Murrali With rising competition coupled with ever increasing operating cost the challenge for any component manufacturer to stay afloat is to contain the cost of manufacturing. This is gaining significance since these issues directly hit the bottom line and may even pave the way for organisations to exit the business. However, options to contain variable costs are falling due[Read More…]
J Srikant Trailing the revenue trajectory of the auto industry, the auto component industry too recorded its first revenue de-growth in over a decade, falling by 2.1% in the financial year 2013-14. Auto Component Manufacturers Association (ACMA) today reported that the component industry has recorded a revenue of Rs 2,11,700 crore in FY 2013-14 as compared to Rs 2,16,000[Read More…]
The much awaited Union Budget of the newly-elected government was tabled in the Parliament this morning. Though there was big bang announcement the Budget has attempted to address several issues including some raised by the auto industry. The major announcement is the increasing the FDI limit in insurance and defence from 26% to 49%. As the government has already announced[Read More…]
