Post Tagged with: "costs"

The PMD 2 Grinding Machine from EMAG “grinds down“ the costs of crankshaft production

The PMD 2 Grinding Machine from EMAG “grinds down“ the costs of crankshaft production

International competition in the automotive industry continues to increase, as do the technological demands on vehicles, and with them the costs. But increasing prices in the face of stiff competition in the market is no longer easily defensible.  According to a McKinsey study, the costs incurred in the manufacture of passenger cars must be reduced three to four percent per[Read More…]

Auto Component industry registers negative growth, falls by 2.1%

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…]