JBM Group acquires major shareholding in German auto major Linde-Wiemann

The US $ 1.5 billion India based JBM Group with business interest in auto systems and assemblies has acquired major shareholding in Germany based Linde-Wiemann GmbH KG, a leading manufacturer of complex structural ...

Sunjay Kapur controlled Sona Group unveils new logo

A year after disposing of the Sona Group’s entire equity holding of around 25.12 per cent in its then flagship company Sono Koyo Steering Systems for around Rs 419 crore to its Japanese partner JTEKT Corp., the refr...

Sona BLW expands its Hungary manufacturing facility

Sona BLW Precision Forgings Limited (SBPFL), part of the USD 500-million Sona Group, is augmenting its operations in Hungary. Besides this facility in Hungary, Sona BLW is present across two more locations globally ...

Apollo Tyres inaugurates Rs 3246 crore Hungary plant

Prime Minister of Hungary Viktor Orban formally inaugurated Apollo Tyres’ 6th global tyre manufacturing unit and the second one in Europe. Present, on the occasion were Peter Szijjarto, Hungarian Foreign Affairs & T...

Apollo Tyres to invest Rs 525 crore in AP; Inaugurates Global R&D centre in TN

Indian tyre major Apollo Tyres signed a Memorandum of Understanding with the Government of Andhra Pradesh to set up a state-of-the-art manufacturing facility. The company is looking at investing approximately Rs 525...

INDIAN TYRE INDUSTRY: The fatal Chinese bite

The bite of the Chinese dragon is beginning to get fatal for the Rs 50,000 crore Indian tyre industry. On the one hand while Indian tyre majors are facing a severe shortage of raw material like rubber in the countr...

Motherson Sumi gets Rs 15,400 crore order from Daimler

Global automotive supplier Motherson Sumi Systems Ltd. (MSSL) through its subsidiary Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has received a massive order worth Rs 15,400 crore from Daimler for the...

Over 400 companies from 16 countries at ACMA Automechanika New Delhi

The 2nd edition of India’s premium automotive aftermarket trade fair – ACMA Automechanika New Delhi—began in New Delhi on February 26, 2015. More than 400 exhibitors from 12 countries are showcasing the latest in au...

Apollo Tyres to invest Rs 3744 cr in Hungary

Apollo Tyres will be setting up a greenfield facility in Eastern Europe in Hungary. According to an Apollo Tyres press release, Hungary was chosen after a consideration of various factors over some of the neighbouri...

Michelin to shut its truck tyre plant in Budapest

As a result of the adverse trends and aggressive competition in the European truck tyre market, which remains volatile and 23pc down on its historic peak in 2007, Michelin has announced its intention to close its tr...

URB India to invest Rs 353 crore in Rajasthan unit

URB Group, one of the leading European bearing makers, has announced that

PMP Auto Components commences production at Satara

PMP Auto Components commences production at Satara




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