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…]
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…]
SasMos celebrated the establishment of its new and exclusive state-of-the-art ‘Centre of Excellence’ for ISRO’s space grade harnesses. Dr S K Shiva Kumar, Director, ISRO Satellite Centre, Bangalore inaugurated the facility. H G Chandrashekar, Managing Director, SasMos HET Technologies, handed over the first set of harnesses made in this new facility for ISRO’s Indian Regional Navigation Satellite System (IRNSS -1E),[Read More…]
Story: T Murrali With opening up of the economy, global auto majors migrated to India to capitalise on the accessible market potential. Developing affordable, hightech India-specific products eventually made the country emerge as a hub for small cars and smaller commercial vehicles. Suppliers have also made India a focal point to develop and manufacture cost competitive parts for domestic consumption and for their respective plants worldwide. Development in India is[Read More…]
