Uncategorized

Apollo Tyres partners NATRAX to develop cut and chip test track for Electric Vehicles

Apollo Tyres partners NATRAX to develop cut and chip test track for Electric Vehicles

Apollo Tyres has partnered with NATRAX to establish India’s first test track dedicated to validating tyres for Electric Vehicles (EVs) and low rolling resistance tyres. This collaboration aims to provide EV manufacturers with a dedicated facility to test and validate the cut and chip resistance of tyres, crucial due to the unique characteristics of EVs like regenerative braking and high-speed[Read More…]

by April 29, 2024 Uncategorized
ZF GROWS CV PRESENCE IN INDIA

ZF GROWS CV PRESENCE IN INDIA

ZF, a Tier 1 automotive parts supplier, demonstrates its commitment to India’s industrial landscape with a robust manufacturing presence, exemplified by its recent record revenue of Rs. 10,000 crore solely from Indian operations. The company’s strategic focus on the Commercial Vehicle (CV) segment is underscored by the expansion of its Commercial Vehicle Solutions (CVS) Division, marked by the inauguration of[Read More…]

by April 24, 2024 Newscast, Uncategorized
Lumax-Cornaglia Plant Market-Ready for CV Emission Compliance Solutions

Lumax-Cornaglia Plant Market-Ready for CV Emission Compliance Solutions

Geared up with the new state-of-the-art facility spanning about 2.5 lakh sq feet, Lumax Cornaglia Auto Technologies Private Limited (“LCAT”) is all set to offer market-ready emissions compliance solutions to the Indian Original Equipment Manufacturers (OEMs). Following, the successful 16-year of partnership, the Lumax Cornaglia Auto Technologies Private Limited (“LCAT”), a subsidiary / joint venture Company between Lumax Auto Technologies[Read More…]

by April 20, 2024 Uncategorized
Surge In Chinese tyre exports

Surge In Chinese tyre exports

In November 2023, China exhibited robust economic performance in the tyre industry as it recorded a notable surge in exports. The country exported a substantial 52.35 million tyres during this period, reflecting an impressive year-on-year increase of 28.7 per cent. This growth was indicative of China’s continued strength in the global tyre market. Simultaneously, the value of these tyre exports[Read More…]

by April 15, 2024 Uncategorized
Jindal Stainless accords consent to Rabirun Vinimay acquisition

Jindal Stainless accords consent to Rabirun Vinimay acquisition

The Board of Directors of Jindal Stainless Limited (JSL) had given their consent for the purchase of a 100% stake in Rabirun Vinimay Pvt. Ltd. in December. RVPL was a company under liquidation. This information was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The cost of the acquisition was Rs 96 crore, according to[Read More…]

by April 15, 2024 Newscast, Uncategorized

NIIF invests USD 200 million in iBUS to Propel Digital Infrastructure Expansion in India

National Investment and Infrastructure Fund Limited (NIIF), and iBUS NETWORK AND INFRASTRUCTURE PRIVATE LIMITED (iBUS), a leading digital infrastructure solutions company in India, announced an investment of around USD200 million in iBUS through NIIF’s Master Fund to support the growth of India’s digital infrastructure. The funds raised will be deployed towards scaling iBUS’ operations through organic and inorganic growth initiatives.[Read More…]

by April 11, 2024 Uncategorized

United Industries leases 3 lakh sq feet space in Pune for automotive component manufacturing

Real-Estate Giants Hiranandani and Blackstone Group’s joint venture company, GreenBase, has leased over 3,00,000 sq. ft. of industrial space in Pune to automotive component firm, United Industries. The company, which is a supplier for Korean automobile manufacturers in India, has leased the space in Greenbase Industrial and Logistics Parks, Talegaon. The built-to-suit manufacturing facility is scheduled to be delivered and[Read More…]

by April 11, 2024 Uncategorized
Tesla Chief Elon Musk to meet Modi, likely to announce investment plans

Tesla Chief Elon Musk to meet Modi, likely to announce investment plans

Billionaire entrepreneur Tesla Chief Elon Musk is likely to visit India next week to meet Prime Minister Narendra Modi. “Looking forward to meeting with Prime Minister Narendra Modi in India”, Musk posted on X. Musk will meet Modi in the week of April 22 in New Delhi, and will separately announce his investment plans in India. Musk is likely to announce[Read More…]

by April 11, 2024 Uncategorized
Transition to EV could make 45-84 % of ICE auto parts obsolete, states iForest study  

Transition to EV could make 45-84 % of ICE auto parts obsolete, states iForest study  

Even as transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) presents India with a host of opportunities in the international market. It also poses severe challenges, as 45-84 per cent of the ICE vehicle parts, primarily powertrain components, are likely to become obsolete due to the EV transition. Thus, impacting the auto components manufacturers and the workforce[Read More…]

by April 4, 2024 Uncategorized

Mahindra Aerostructures signs $100-m contract with Airbus Atlantic

Mahindra Aerostructures Pvt Ltd (MASPL) and Airbus Atlantic have signed a new contract for the manufacture and delivery of metallic components for all Airbus commercial aircraft models, including the best-selling A320 family. Under the contract, MASPL will supply close to 2300 varieties of metallic components to Airbus Atlantic in France from its manufacturing base in India. The contract adds to[Read More…]

by April 2, 2024 Uncategorized