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Samvardhana Motherson Automotive Systems Group BV announces acquisition of assets of ‘Scherer & Trier, Germany’

Motherson Sumi Systems Limited (MSSL), Noida-headquartered auto component giant, has announced acquisition of acquisition of assets of Scherer & Trier of Germany, through its subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRP BV). The deal, which is worth nearly Euro 36 million (Rs 283 crore), will include the transfer of assets including land and building  & inventories along with shareholding[Read More…]

Record number of exhibitors in largest Automechanika Shanghai show

Exhibition space at capacity   Popularity of fringe programme continues among exhibitors and visitors   Automechanika Shanghai 2014, Asia’s largest trade show for automotive parts, accessories, equipment and services, will open on 9 December at the Shanghai New International Expo Centre, with record exhibitor numbers. The total number of exhibitors stands at 4,906, a six percent increase on last year’s[Read More…]

Mitsubishi Electric to Open Rolling Stock Equipment Factory in India

Mitsubishi Electric to Open Rolling Stock Equipment Factory in India

Mitsubishi Electric Corporation has announced on 4 December that its Indian subsidiary Mitsubishi Electric India Pvt. Ltd. will build a factory to produce electrical equipment for rolling stock, aiming to expand its transportation-systems business in the Indian market. Construction is planned to finish in September 2015, followed by the start of production in December that year. The factory, which is[Read More…]

CAPAS returns with a stronger and comprehensive show

The Chengdu International Trade Fair for Automotive Parts and Aftermarket Services (CAPAS) will return as the one-stop trade platform for the automotive sector in Southwest China. CAPAS is scheduled to take place from 21 – 23 May 2015 and occupy 35,000 sqm of the Chengdu Century City New International Exhibition & Convention Center. Organised by the China Council for the[Read More…]

Harman Receives Tata Motors Supplier of the Year Award

Harman International (India) Pvt. Ltd., the premium audio, infotainment and enterprise automation group, was awarded with this year’s Tata Motors Supplier of the Year award at the Tata Motors Annual Supplier’s Conference 2014 held in Mumbai on 12th November. The Tata Motors Supplier of the Year award recognizes the contribution and commitment of its most valued partner and involves a rigorous selection[Read More…]

NI holds ‘NIDays 2014’ to make new forays; expects exciting days ahead for auto sector in India

Text : J Srikant National Instruments, the Austin, Texas based technology giant, recently held its annual conference, NIDays 2014, at Bangalore. A coming together of industry and academia, the event gives a clear glimpse of what can be expected in the near future when it comes to technology solutions. The event, which saw the participation of nearly 800 engineers, academicians[Read More…]

India could play a huge role in electric mobility in the world

Text: J Srikant In the backdrop of India’s Mars Orbiter Mission successfully entering the red planet’s orbit, proving the country’s mettle in cost effective manufacturing, International Centre for Automotive Technology’s (ICAT) 4th Workshop on ‘HEV & EV – Opportunities, Challenges and Technology,’ focused on India’s way forward in the electric mobility segment and how important a role it can play[Read More…]

Frost & Sullivan’s GIL India shows the way

Ratan Tata receives GIL award for Visionary Innovation The sixth edition of GIL 2014: India concluded successfully at the Taj Lands End Hotel in Mumbai. Chairman Emeritus, Tata Sons, Ratan Tata received the Frost & Sullivan Growth, Innovation and Leadership (GIL) Award for Visionary Innovation from Aroop Zutshi, Global President & Managing Partner and Mr. Rajiv Kumar, Senior Partner &[Read More…]

FADA sounds ‘cautiously optimistic’ about industry’s future

Text : J Srikant The first victim of a downturn in the auto industry is not the OEM or the component manufacturer, but the dealer. A drop in vehicle sales adversely impacts the already tight margins of dealers. However, when the industry begins to revive, the dealers are the first to give an indication of change. Federation of Automotive Dealers[Read More…]

Automechanika Shanghai expands worldwide buyer invitation efforts for 2014 show

Automechanika Shanghai returns from 9 – 12 December 2014 and this year has focused on inviting both quantity and quality worldwide buyers following its successful efforts in exhibitor recruitment. More than 4,900 exhibitors from 39 countries and 86,000 visitors are expected, making it the world’s second largest Automechanika fair for automotive parts, accessories, equipment and services. Discussing the promotion of[Read More…]

by December 1, 2014 Newscast, Trending, Web Exclusive