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Lumax Auto Technologies Limited appoints Parag Shah as Independent Director

Lumax Auto Technologies Limited appoints Parag Shah as Independent Director

Lumax Auto Technologies Limited appoints Parag Shah as an Independent Director on its board. Founder and Partner of Amara Partners, a mid-market Private Equity fund, Shah brings extensive knowledge and experience in building new businesses, turnarounds, joint ventures, mergers and acquisitions, and IPOs. In a career spanning over 25 years, Shah has been Director of several companies such as Mahindra[Read More…]

by July 24, 2024 Uncategorized
2024 Budget’s Automotive Impact

2024 Budget’s Automotive Impact

The 2024 budget has introduced several changes with significant implications for the automotive ecosystem. Ashish Bhatia looks at the positive aspects and areas that could have been addressed. The automotive ecosystem, encompassing and not limited to vehicle manufacturers, component suppliers, and logistics providers, stands to benefit from several budgetary measures. Taxation and Incentives The budget has streamlined tax structures and[Read More…]

by July 23, 2024 Trending, Uncategorized
Dürr Builds The First EU Taxonomy-Compliant Paint Shop

Dürr Builds The First EU Taxonomy-Compliant Paint Shop

Paint shops must become “greener” to help vehicle manufacturers feel certain about meeting their ambitious climate targets, writes Team ACI. Assessing a technology’s sustainability is a complex task. In a comprehensive life cycle analysis, the Fraunhofer Institute for Building Physics (IBP) studied the carbon footprint of two different paint shop concepts. The result: Dürr’s paint shop with the EcoQPower system,[Read More…]

by July 1, 2024 Uncategorized
Health Of An Internal Combustion Engine – Achieving More

Health Of An Internal Combustion Engine – Achieving More

Of late we are seeing a massive trend in the electrification of vehicles, however, the reports say despite that ICE will continue to dominate the market in the Asia Pacific, including India, write Krishna Gowdaman A (Application Engineering Specialist, India, Automotive Aftermarket Division, 3M) and Suparno Hazra (Application Engineering Manager, South APAC, Automotive Aftermarket Division, 3M) In the report shared[Read More…]

by June 27, 2024 Uncategorized
EV Components Capex Surge

EV Components Capex Surge

ICRA projects that the capex for EV components could surge. Ashish Bhatia with Riya Yerunkar look at the forces driving the Rs. 25,000 crore surge over the next three to four years. In recent years, India’s automotive industry has undergone significant changes due to government interventions and new compliance regimes. The, heightened consumer awareness, and the ongoing innovations with an[Read More…]

by June 26, 2024 Trending, 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