Gabriel India signs technical agreement with Inalfa to make sunroofs in India Gabriel India will invest upto $22 million (Rs 181 crore) towards setting up a new manufacturing plant in Chennai to… May 9, 2023 17:28 IST
BorgWarner to supply eFan system to European and North American CV OEMs The fans are optimised for low speeds with high efficiency and minimum noise during battery charging. May 9, 2023 09:56 IST
Higher finance cost and lower other income drag Bharat Forge profits by 3% During the year the company bagged new orders worth Rs 4,000 crore across defence, castings and standalone business. Updated: May 5, 2023 17:38 IST
Sundram Fasteners posts Rs 464 crore profit for FY2023, up 14% The company said it was able to achieve strong performance, despite facing pressures due to increase in commodity prices, which… May 5, 2023 11:43 IST
Philipp Grosse Kleimann appointed Head of Mahle’s aftermarket business In his new position with Mahle, he will forge ahead with the development of new data-driven aftermarket business models and… May 4, 2023 18:28 IST
Sona BLW Precision Forgings registers 35% revenue growth during Q4 FY23 Sona BLW Precision Forgings has achieved its highest quarterly revenue, EBITDA and net profit in Q4 FY23. May 3, 2023 18:19 IST
MHI releases SOP for PLI Auto scheme, applicants must achieve 50% domestic value addition to avail incentives The scheme is expected to attract significant investments and help India become a global hub for automobile manufacturing. Updated: April 28, 2023 18:47 IST
Vitesco Tech appoints Sabine Nitzsche as its new CFO succeeds Werner Volz, who assumed the role as MD and CFO in the course of the carve-out (January 1, 2019)… Updated: April 28, 2023 16:00 IST
GKN Automotive makes management changes GKN Automotive is a leading global automotive technology company. Its origins date back to 1759 and for the last 70… April 26, 2023 04:45 IST
India operations generate 400 million Euro revenue for Mahle in 2022, in advance talks to supply thermal management solution In India, Mahle has established 13 factories, employs 4,500 people, and considers the country an important market globally. April 25, 2023 15:43 IST
ZF launches TRW shock absorbers, brake pads and brake disc in the Indian automotive aftermarket The company says the brake repair of passenger cars constitutes an important part of the independent aftermarket. April 19, 2023 17:26 IST
Lumax Industries appoints Vishnu Johri as new CEO He joins the company from MATE (Motherson Group), where he was the Chief Operating Officer (COO), responsible for the Africa,… April 18, 2023 17:14 IST
ZF Group keen on strengthening India operations The German tier 1 supplier believes it is important to engage and work with the Indian automotive as the country… April 13, 2023 19:09 IST
After a stint of around a decade, Lumax Group CEO Vineet Sahni tenders resignation Sahni has been associated with the Indian auto component industry for more than two decades, including having a 10-year stint… Updated: April 5, 2023 12:01 IST
ACMA Automechanika New Delhi scheduled for February 1, 2024 According to the Auto Components Industry Review by ACMA, private and commercial vehicle production in 2022 increased by around 20… April 3, 2023 13:04 IST
Bharat Forge, Sundaram Fasteners among top suppliers recognised by General Motors In total, 121 suppliers were recognised at the event, with 105 suppliers receiving a Supplier of the Year award, 14… Updated: April 7, 2023 14:27 IST
Despite export headwinds Indian auto component makers to post 5-8% growth in FY2024 says ICRA The rating agency expects a YoY improvement of 100-150 bps in operating margins in FY2024 with the same returning to… March 29, 2023 16:08 IST
Brakes India introduces brake pads for luxury car range segment The company says it has over six decades of technology expertise in brake systems and is a leading player in… March 23, 2023 16:25 IST
