Indian automotive components sector revenue to grow 10-12% this fiscal

The Indian automotive components sector will clock 10-12% growth in revenue in fiscal 2024, riding on continuing domestic growth buoyed by robust demand from original equipment manufacturers (OEMs)1 on the back of high base of past fiscals, and steady aftermarket demand. This is despite exports continuing to remain sluggish. Continuing demand momentum, driven by OEMs, […]

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Cummins and Tata Motors set up new business entity ‘TCPL Green Energy Solutions’

Global power leader Cummins Inc. has signed a definitive agreement with Tata Motors Limited (TML), to manufacture a range of low- to zero-emissions technology products in India over the next few years. The definitive agreement was signed by Jennifer Rumsey, President and Chief Executive Officer, Cummins Inc., and Girish Wagh, Executive Director, Tata Motors, at […]

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JK Tyre unveils new additions to ‘Ranger’ series for SUVs and EVs

 JK Tyre, India’s leading tyre manufacturer and frontrunners of introducing breakthrough technology, today unveiled two new additions in its SUV tyre segment- Ranger HPe and Ranger X-AT which are tailor made to handle extreme road conditions. The launch is in sync with the company’s ongoing endeavor to identify and cater to its customer’s needs and provide highly […]

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BorgWarner Celebrates Production Milestone for Inverter and Viper Power Switch

 BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, recently announced major milestones at two of its production facilities. Its Suzhou facility produced its 1,000,000th inverter, while its Singapore facility produced its 13,500,000th Viper power switch. These milestones underscore BorgWarner’s strong capabilities in innovation and production as well as its Charging Forward strategy to drive […]

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MIBA Ready to implement robust growth strategy in Indian powertrain component market

In a comprehensive chat with Martin Liebl, Member of the Management Board, Miba AG, N. Balasubramanian gathers insights about Miba’s plans for India and how the company is placed right to serve the customers with high-performing powertrain components besides eyeing a huge opportunity in electrification of small and big vehicles. Miba has its heart in […]

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Alleima to invest in new heat exchanger tubing facility in Mehsana, India

Last year Alleima, former Sandvik Materials Technology, a global manufacturer of advanced stainless steels, special alloys, and heating systems, announced the investment and expansion of its Mehsana manufacturing facility, in India. As part of the former announcement, the third phase of the expansion will start, which include the set-up of a new heat exchanger tube […]

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