Interview box: In conversation with Sachin Jadhav, Chairman and Managing Director, Polarity smart bikes. Interview by: Deepti Thore Q: What is the potential of the pedal-assisted bike segment in India? How big is the market? A. Currently, the pedal-assistant market is not directly categorized unlike bicycle market in India. There are plenty of bicycle manufacturers in the auto component[Read More…]
Daimler India Commercial Vehicles (DICV), operating under the umbrella of Daimler Trucks Asia, helped improve public road safety awareness by participating in the 2nd edition of the SAFE ROADS Summit India together with Mercedes-Benz Research and Development India (MBRDI) and Mercedes-Benz India (MBIL). The theme for this year’s summit was ‘Automated Driving and Future of Road Safety in India’, making[Read More…]
Daimler India Commercial Vehicles (DICV), a 100% Daimler AG-owned entity operating under the umbrella of Daimler Trucks Asia, has been awarded for their ‘Outstanding Contribution to Indo- German Economic Relations’ by the Indo-German Chamber of Commerce after increasing their exports to Germany by almost 400% from 2017 to 2018. The award was presented by Christian Hirte, the Parliamentary State Secretary[Read More…]
Recognition for auto component industry leaders who made outstanding technological innovations in 2018 Photos:Mahesh Reddy Auto Components India and its publishers, Next Gen Publishing, made the evening of February 19, enthralling and fabulous for the Indian auto components industry. The captains of the automotive and auto components industry made the ITC Grand Central, Parel, Mumbai, to bustle with activities and[Read More…]
The 14th edition of Automechanika Shanghai, which took place from 28 November to 1 December 2018, has recorded an unprecedented rise in attendees compared to the previous edition. Serving as a platform for both local and international players from the automotive parts, accessories, equipment and service sectors, final figures suggest visitors at the show rose by 15 % since 2017[Read More…]
The second edition of Delhi Machine Tool Expo, 2017 – Northern India’s largest B2B machine tool exhibition got underway today. The exhibition was inaugurated by Rattan Kapur, President of Automotive Component Manufacturers Association of India (ACMA), Parakramsinh G. Jadeja, President – IMTMA, P. Ramadas, Vice President – IMTMA and V. Anbu, Director General and CEO of IMTMA. Organised by[Read More…]
Ashok Leyland, flagship of the Hinduja Group closed FY 17 with record revenues of Rs 21,332 Cr and registered a 214 % jump in Net Profits. It posted a 11% EBITDA margin for FY 2016-17, this is the 9th straight quarter of double digit EBITDA performance for the company. It also increased its all India market share to 33.8%, a[Read More…]
Sundram Fasteners Limited (SFL), part of the $6.5 bn TVS group, announced that the company has achieved its best ever sales performance during the year ended 31st March, 2017. Accordingly, the total revenue (net of excise duty) for the year stood at Rs 2,948.85 crore as against Rs 2,635.56 crore. PBIDT for the whole year is at Rs 560.43 crore[Read More…]
BMW Motorrad has officially started its operations as a part of the Indian subsidiary of BMW Group. Earlier, BMW Motorrad was operating in India with importers who had sales outlets in Mumbai and New Delhi. Dimitris Raptis, Head of Region Asia, China, Pacific, South Africa, BMW Motorrad said, “BMW Motorrad is one of the world’s most tradition-steeped and successful[Read More…]
Tata Motors has launched its much-awaited HEXA – a power packed, feature loaded and adrenaline pumped vehicle, designed for those with an active and dynamic lifestyle. Based on a new versatile platform – the HEXA is a complete vehicle package, with an exceptional combination of design, luxury, off-road and on-road capabilities, boasting modern and exciting architecture, plush interiors and next-generation[Read More…]
