In his maiden speech at the Red Fort on Independence Day, Prime Minister Narendra Modi threw out significant and motivational bait to his audience, ‘Make in India, and sell anywhere in the world.’ It was his attempt to urge global investors to look at India as a manufacturing base as the country possesses skill, talent, discipline and determination. This is to some extent happening in the[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…]
As part of its continued plan to expand its global engineering and manufacturing footprint, the Canadian auto components major Magna International Inc. has announced the establishment of two new facilities in the Sanand in Gujarat. While the new plants reflect business awards for vehicle programs built off global-platforms, they also help position Magna for further growth in India as vehicle production expands.[Read More…]
Bosch Ltd has informed Bombay Stock Exchange that the employee union of Bosch Bangalore plant has chosen to go on strike with effect from September 16, 2014 in order to press for their unreasonable demands. Strike will be considered as illegal. The Management is in discussion with the Union to restore normalcy at the earliest with the intervention of the Additional[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…]
Forklift and material handling equipment manufacturer, Voltas Material Handling Private Limited has announced today that it will operate under the name of ‘Kion India Private Limited.’ Voltas Material Handling was launched in 2011 as a joint venture between the Kion Group and Voltas Ltd. In November 2012 the Kion Group – one of the world’s two[Read More…]
The Competition Commission of India has issued an order on August 25, 2014 regarding trade practices of select OEMs covering aspects including procurement and sale of spare parts from component manufacturers and after sales service. Commenting on the order, Vinnie Mehta, Director General ACMA said, “The aftermarket in India is fast growing and with increased technical complexity of vehicles, the[Read More…]
Lucknow Plant to Supply Advanced Braking Technologies to Major Truck Manufacturers WABCO a leading global supplier of technologies to improve the safety and efficiency of commercial vehicles, inaugurated today its fifth manufacturing facility in India, located in Lucknow. WABCO’s extended network in India helps both local and global commercial vehicle manufacturers to further grow their domestic and export business. [Read More…]
Gasoline variant vehicles will dominate PV sales in the country For the first time in a decade, the Indian passenger vehicle (PV) market witnessed a decline in production and sales due to weak macroeconomic growth, high inflation, rising fuel prices, and unfavorable government policies. Nevertheless, competitively-priced new cars in the mid-size and super compact segments will steer the market[Read More…]
Scania Commercial Vehicles India Pvt Ltd has handed over India’s first ethanol-fuelled city bus to Nagpur Municipal Corporation (NMC) for trial run in Nagpur. Anders Grundströmer, Managing Director, Scania Commercial Vehicles India and Senior Vice President, Scania Group and Sivakumar V, Director – Sales, Scania Commercial Vehicles India handed over the bus keys to Nitin Gadkari, Honourable Union Minister of Road Transport &[Read More…]
