Building tyres in collaboration with Continental AG of Germany, Metro Tyres began its journey with bicycle tyres. Focusing on replacement market, the company is witnessing good growth. “Presence in both OEM and replacement market is allowing us to analyse demands patterns,” said Rummy Chhabra, Managing Director, Metro Tyres, in a conversation with Anwesh Koley of Auto Components India in an[Read More…]
As part of the Apollo Tyres Vision 2020 roadmap, the company aims to become a premier tyre player with diversified and multinational presence. ACI Bureau In the business of manufacture and sales of tyres since its inception in 1972, Apollo Tyres caters to over 100 countries. The company markets products under two brands: Apollo and Vredestein, that are sold through[Read More…]
Text: T Murrali The aftermarket in India is not too different from those in developed countries, having OEM specific workshops and multi-brand workshops. However, unlike the developed markets that follow a multiple approach, servicing all kinds’ of vehicles – 2/3 wheelers, cars and commercial vehicles under one roof – aftermarket in India follows a specific approach. Besides, India has a[Read More…]
More than 680 million euros invested in India since 2010 Substantial increase in number of innovations per year Excellent growth potential for motorcycle powertrain systems The Bosch Group is forecasting further strong growth for India over the next few years, and expects to see positive economic development in the country over the medium and long term. Accordingly, the company sees[Read More…]
Text & Photos: Bhargav TS The 8th edition of EMMA Expo India 2014, which recently concluded at the Bangalore International Exhibition Centre (BIEC), saw more than 200 participants explore joint ventures (JV) with Indian companies. Organised by Taiwan World Trade Centre (TWTC), a non-profit organisation for trade promotion in Taiwan, it is exploring opportunities for Indian organisations to enter into[Read More…]
Text: Bhargav TS Kolkata-based Non-Banking Financial Company (NBFC) Magma Fincorp plans to focus on loans for SMEs (small and medium enterprises) and Suvidha (used vehicle loans) in the coming years. Magma provides a wide range of financial products including financing of utility vehicles and cars, commercial vehicles, construction equipment, tractors and SMEs. The company, which has a presence in semi-urban[Read More…]
Dürr opens two new halls at the Püttlingen site (Saarland) Aside from numerous carmakers, more and more customers from the commercial vehicle industry are relying on the measuring and test stands offered by Dürr Assembly Products GmbH. To meet the demand for these exceptionally large and heavy systems, the Püttlingen-based company has now expanded its production facilities. On October 7,[Read More…]
The sixth edition of GIL 2014: India concluded successfully at the Taj Lands End Hotel in Mumbai. Ratan Tata received the Frost & Sullivan Growth, Innovation and Leadership (GIL) Award for Visionary Innovation from Aroop Zutshi, Global President & Managing Partner and Rajiv Kumar, Senior Partner & Global Vice President. Speaking on the occasion and responding to a question about[Read More…]
T Murrali With the expectations of vehicle end-users ever increasing, OEMs are under constant pressure to retain market share, let alone increase it. They eventually exert pressure on the component manufacturers whose challenges are snowballing in terms of cost, quality and delivery. While these expectations are managed by large companies, they may appear humongous for SMEs. In the[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…]
