Auto Industry

Vector Consulting Group, India's fastest-growing management consulting company, unveils an in-depth research-based report on the Indian auto manufacturing industry.

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced the findings of its Industry Performance Review for the first half o...

Manav Kapur, Executive Director, Steelbird International, India’s leading automotive components company, has taken charge as chairperson of ACMA-YBLF.

In an interview with Motown India’s Roy P Tharyan, the Co-founder & CTO, DriveX, Christopher Sargunam, talks about his company’s short journey since its initial investment from TVS. DriveX has also been co founded b...

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry has announced the findings of its Industry Performance Review for the first ha...

The Indian automotive components industry has registered a turnover of Rs. 4.20 lakh crore (USD 56.5 billion) for the period April 2021 to March 2022, registering a growth of 23 per cent over the previous year.

Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has acquired a majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd by Ningbo SMR Huaxiang Automotive Mirrors Ltd. (SMR NBHX); which is a 50:5...

Auto component manufacturers Anand Group of India and South Korea based Mando Corporation have announced the setting up of a new joint venture company called Anand Mando eMobility Private Limited for manufacturing a...

The retail sales of automobiles plunged for the month of May 2021 with sales falling by as much as (-) 55 per cent on month on month (MoM) basis. The industry witnessed a bloodbath, claimed the Federation of Automob...

India’s leading rating agency ICRA has estimated that the revenue decline for the Indian auto component industry will be limited to 6-8% in FY2021 supported by the better-than-expected demand pick-up across most seg...

The turnover of the Indian automotive component industry has registered a de-growth of (-) 11.7 per cent compared to the previous year at Rs. 3.49 lakh crore (USD 49.2 billion) for the period April 2019 to March 202...

If one were to calculate by what SIAM has to say wherein each day of plant closure will trigger a loss of more than Rs 2300 crore in turnover for auto OEMS and component manufacturers, then what we are looking at i...

In spite of the fact that the Indian auto industry will be incurring a loss of approximately Rs 50,000 crore in turnover for the 21-day plant shutdown as a result of the countrywide lockdown due to the ongoing coron...

The auto industry will be very adversely impacted by the ongoing COVID-19 crisis. The shutting down of plants temporarily by all auto OEMs and component manufacturers across the country will trigger a loss of more t...

National Engineering Industries Ltd (NEI), part of the CK Birla Group, launched ‘needle bearing’ as a part of its comprehensive range of bearings at Auto Expo Components 2020 in New Delhi.

National Engineering Industries Ltd (NEI), part of the USD 2.4 billion diversified CK Birla Group, announced the acquisition of Kinex Bearings through its wholly owned European subsidiary. Kinex Bearings is an inter...

The Competition Commission of India (CCI) has in its latest order imposed a penalty of Rs 17.07 crore (Rs 17,07,31,443/-) on Japan based JTEKT/ JSAI , manufacturers of power steering for automobile manufacturers In ...

Anand Group, a leading manufacturer of automotive components in India, further consolidated its presence in the Indian automotive safety systems vertical. It announced the formation of a Tri-Party Joint Venture to m...

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 ...

Bosch, a leading supplier of technology and services, is boosting its beyond mobility business with smart solutions based on growing infrastructure and consumer demand.

Tremendous opportunities await the auto component industry in India on the back of the growing vehicle consumption in India on one hand and the introduction of next generation mobility on the other. ACES – Autonomou...

MG Motor India will be investing a total of Rs 5000 crore in six years time in India and will be launching its first vehicle, a sports utility vehicle (SUV), in India in the first quarter of calendar 2019. The comp...

TVS Tyres, one of India’s largest manufacturers and exporters of two & three wheeler tyres and off-highway tyres is showcasing their range of products at Auto Expo 2018. The company is displaying its diverse prod...

The Rs 2.90 trillion (FY2017) domestic auto component industry is expected to grow by 9-11% during FY2018, driven by robust growth expectation in domestic passenger vehicles (PV)s and two wheelers (2W) segment.

Leading Indian automotive components player Lumax, DK Jain Group, with a turnover of Rs 2500 crore has revealed its new logo and the newly launched visual brand identity. The logo, christened with the ‘WinteGreat wh...

The turnover of the Indian auto component industry stood at Rs. 2.92 lakh crore (USD 43.5 billion) for the period April 2016 to March 2017, registering a growth of 14.3 per cent over the previous year and a CAGR of ...

Motherson Sumi Systems Ltd (MSSL) has acquired Finland based global auto component major PKC Group Plc for approximately Euro 571 million (Rs 4026 crore approx.)., a move that will help the Vivek Chaand Sehgal led ...

Gestamp, a Spanish multinational company specialised in the design, development and manufacture of metal components for the automotive industry, has launched a new plant specialised in hot stamping in Pune (India). ...

Rockman Industries, a Hero Group company has acquired a majority stake in Moldex Composites, a British-Indian venture, thereby making its intention known that it is investing in next-gen carbon composites technology...

Based upon the theme of ‘Building the Nation, Responsibly’, the Society of Indian Automobile Manufacturers (SIAM) held its 56th Annual Convention. Union Minister of Heavy Industries and Public Enterprises Anant G Ge...

‘Kabali’, the blockbuster Tamil movie starring south Indian superstar Rajnikanth got off to a roaring start in July 2016 across cinema halls in India. While Rajnikanth is, without doubt, a showstopper and a star to ...

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...

For the first time in five years, “Make in India” lost some of its sheen in the Indian auto components industry as imports increased dramatically and exports recorded a negative growth. Exports recorded (-) 3.7pc gr...

Automobile components manufacturer Minda Industries Ltd announced an acquisition of the global lighting business of Spain based Rinder Group that manufactures automotive lamps- head lamp, tail lamps and small lamps....

We are displaying a lot of new products which include a lot of new products we are developing for several OEMs. These include water separators, air filter assemblies, etc.

He was the real Hero of the Indian auto industry. Dr. Brijmohan Lall Munjal, the Founder of the diversified Hero Group and a Padma Bhushan awardee, passed away on November 1, 2015. He was 92 years old. Dr. Munjal wa...

JK Tyre & Industries has finally confirmed that it is buying Cavendish Industries Ltd (CIL) tyre unit of Kesoram Industries. In a press release, the company stated that JK Tyre & Industries Limited (JK Tyre) and JK...

Varroc has probably the most diverse portfolio of products for the two wheeler industry ranging from plastics to electrical, electronics and metallic products for powertrains. We even make catalytic converters. We a...

The Rs 50,000 crore Indian tyre industry today has a few reasons to smile and a few reasons to frown. On the one hand, after a lull in the industry while the demand for tyres in 2015-16 is seeing a growth coupled wi...

ATMA stands for Automotive Tyre Manufacturers’ Association. We are an industry body of the companies which make automotive tyres in India. We have been there since 1975. It’s almost forty years now. It’s an indust...

Hero Motors group, which includes the flagship company Hero Cycles, the world’s largest bicycle manufacturer, appointed Pankaj Munjal as its Chairman and Managing Director. The decision was taken at a recent board m...

TVS Srichakra Limited, a part of the TVS Group, the largest auto ancillary group in India, with a group turnover of over USD 8 Billion, is the leading manufacturer of Two & Three Wheeler tyres and Off-Road tyres. In...

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry, announced the findings of its Industry Performance Review for the fiscal 2014...

Starlit Power Systems Ltd has signed a Joint Venture with China's second largest motorcycle and UPS battery manufacturing company Guangdong Dynavolt Technologies wherein, Guangdong Dynavolt will acquire 24pc of equi...

Auto components major Magneti Marelli has inaugurated two production sites in China the field of lighting and electronic systems, in two key regions for the Chinese automotive scenario - Xiaogan and Guangzhou. The ...

Interview with Harish Sheth, Chairman & Managing Director, Setco Automotive Ltd

In the fiscal year 2014 Italian super sports car maker Automobili Lamborghini S.p.A. again improved its key financial figures and reached new records in terms of sales and turnover in its history of more than 50 yea...

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...

Luman Automotive Systems, manufacturers of automotive lighting and electrical components as well as engine induction air filtration systems, has entered into a joint venture agreement with Hengst SE & Co.KG, a leadi...

The British iconic brand, Triumph Motorcycles has achieved high sales of 1300 motorcycles in the first year of its inception in India. The luxury brand had also globally recorded their highest sales figures in 30 ye...

With an aspiration to cross the USD 100 billion mark and to have at least five Indian suppliers amongst top-global-hundred by 2020, the Automotive Component Manufacturers Association (ACMA), the apex body for the In...

National Engineering Industries Limited (NEI) is the flagship company of the CK Birla Group. NEI was founded in 1946 by renowned industrialist B M Birla, under the name of ‘National Bearing Company Limited’.

The Hero MotoCorp Ltd plant at Neemrana in Rajasthan has gone on stream. The plant will contribute towards enabling the company to surpass 100 million units in cumulative production by year 2020.

The Indian auto components industry has come of age. This was clearly reflected in the fact that the industry recorded a 16.7pc growth at Rs 61,487 crore (US $ 10.2 billion) for the year 2013-14 as compared to Rs 52...

Meritor, Inc and Brakes India, Ltd. have announced the signing of a Licensing and Technology Assistance Agreement for the manufacture and sale of Meritor ELSA air disc brakes in India. According to a Meritor stateme...

Ms. Mallika Srinivasan, Chairman & CEO of TAFE Group was conferred the Padma Shri by the Government of India for her contribution to Trade & Industry. Ms. Srinivasan received the award from President Pranab Mukherj...

The turnover may not sound very impressive because this Italian super sports car manufacturer is a niche player in the global automotive industry. The company delivered 2121 cars worldwide in the whole of 2013 as co...

After 2012, Ferrari’s best year of sales, the company had decided to reduce the number of vehicles sold to maintain high level of exclusivity and thus increasing their value over time. The idea worked brilliantly fo...

. Our product is a low involvement grudge product. There is hardly an involvement when it comes to purchase of a battery and the grudge is because you are forced into buying a battery whether you like it or not. ...

As I said earlier, the cleaning industry, especially the contract cleaners, are growing very rapidly. The guess is that close to 35-40pc of the total cleaning operations is already outsourced in India. The biggest c...

In line with its aggressive expansion plans for India, JK Tyre & Industries Ltd. has launched a tota

In line with its aggressive expansion plans for India, JK Tyre & Industries Ltd. has launched a tota

Interview with Sanjay Walia is VP-Corporate Marketing and Sudhir Jain is Executive Director-Group CFO of UNO Minda

TE Connectivity is the world’s largest passive electronic component manufacturer. We manufacture connectors which are used across a variety of applications wherever there is power and signal. We also have relays, se...

Our sales have definitely been impacted because of the downturn in the economy. Everything boils down to the sales of the cars. If the car sales drop, then the workshop owners will be deferring any capital-intensive...

Unlike cosmetics or garments, the battery industry is a wee bit conservative in popularising its products. This is because our customers make are not making a pleasure-seeking purchase, but a harassment one. So we h...

Interview with Vinnie Mehta, Executive Director, Automotive Component Manufacturers Association of India (ACMA)

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

The mass segment bike will keep evolving. If you can recollect, a couple of years back, the mass segment bike was more of a Rs. 30,000 kind of a product. Today, it is worth Rs. 40,000. Going forward, it might be equ...

Our products are mainly OEM centric. There is a very small requirement of our parts in after sales, which we cater through OEMs only, as quite a few parts are safety related. We do not want to enter in direct after ...

Magneti Marelli inaugurated a new industrial plant in India dedicated to the production of automobil

ACMA, the apex body representing India’s Auto Component manufacturing industry

Interview with Vikram Malhotra, Vice President, Marketing & Sales, JK Tyre & Industries Limited

Maschio Gaspardo group which specialises in the production of agricultural machinery has announced

The ‘AVL’ name is synonymous with diesel. We started as a diesel-centric company in the 40s. And we were the first ones to propagate direct injected diesel engines that meet NVH challenges. We have been doing a lot ...

We are very happy with the way the car rental business has shaped up. This is because as the market is evolving, our clients are feeling the need to have high-quality organised sector players who offer a very high s...

We are in favour of free trade agreements with other nations provided they are on an equal level playing field. It should be both for raw material and finished products. But you cannot call it a fair treatment if yo...

The word ‘high-end’ in India is a bit misleading. In India, anything over 10,000 is considered a high-end product. And will this segment keep on increasing? Absolutely, there is no way it can’t because the kids are ...

Hero MotoCorp sold 5.4 million two-wheelers in 2010-11 and aims to exceed sale of six million units this financial year. A factor such as rising input costs affects all players equally.

Hero MotoCorp sold 5.4 million two-wheelers in 2010-11 and aims to exceed sale of six million units this financial year. A factor such as rising input costs affects all players equally.

TVS group has announced the acquisition of Universal Components (UC) UK Ltd. – Britain’s leading ind

The automotive industry growth does not in any way affect the sales in the cycle industry. The two industries are not linked in any way when it comes to demand for the products. The two industries cater to two diffe...

We normally look at it from the perspective of task and finishing. But my take on that it is a continuous journey. There is no end to any organisation’s growth. It’s a continuous journey and if you look at it from E...

National Engineering Industries (NEI), a pioneer in the bearing manufacturing industry in India,

JCB India Ltd. has showcasing its slew of new products at its mega stand at Excon in the Bangalore I

In a recent visit to India, Dr. Elmar Degenhart, Executive Board Chairman, Continental AG, one of

ACMA, the apex body representing India’s Auto Component manufacturing industry, has announced

Hero MotoCorp Ltd., formerly known as Hero Honda, has launched its new name and logo at the O2 Arena

PSA Peugeot Citroen has still to officially declare where it intends to set up a plant in India

Apollo Tyres partners Ideal Motors in Sri Lanka

Apollo Tyres focuses on Dubai as a hub for its Middle East operations

Tenneco is also looking at big growth in the next 5 years. And that growth is essentially coming a lot from our emissions business which because of the fact that emission standards are being tightened and broadened ...

JCBL has four brands, Cerita, where we are making our own chassis also for a select niche where other OEMs do not have a product or customers want little flexibility. We have our own Happy Bus range of school buses....

Mahle Filter inaugurates 2nd plant at Parwanoo

Firefly Energy acquires carbon foam tech

RTSSL rolls out ‘Power Cruze’ power steering fluid

Hirotec to establish a Rs. 20 crore facility in Coimbatore

Amara Raja Group dons new identity

Behr lndia gears up for Euro 4 emission standards

Royal Enfield Motors has appointed Dr. Venki Padmanabhan as its new Chief Executive Officer