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India’s component industry notches 18.3% growth in FY2018, turnover crosses $50 billion

autherAutocar Professional Bureau     calendar06 Aug 2018

Despite ongoing challenges like the ongoing shift to BS VI norms, along with other regulations, component makers put on a strong show. ACMA president calls for uniform GST of 18 percent to drive growth.

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Rico Auto diversifies into four-wheeler aftermarket parts News National
Rico Auto diversifies into four-wheeler aftermarket parts

autherAutocar Professional Bureau calendar06 Aug 2018

The company's growth strategy is to take the total product line-up to over 400 products in both the two- and four-whee...

Rico Auto bags Rs 1,500 crore new business in Q1 FY2019 News National
Rico Auto bags Rs 1,500 crore new business in Q1 FY2019

autherAutocar Professional Bureau calendar03 Aug 2018

During the first quarter, the company has bagged orders from Kia Motors, Daimler, Punch Powertrain, BMW, Hero MotoCorp...

Motherson Sumi completes acquisition of Reydel Automotive Group News National
Motherson Sumi completes acquisition of Reydel Automotive Group

autherAutocar Professional Bureau calendar03 Aug 2018

Consolidates its position as a global interior supplier and expands its global footprint to over 200 facilities across...

Merc A-Class’ new infotainment system to be integrated with AI and AR News International
Merc A-Class’ new infotainment system to be integrated with AI and AR

autherAutocar Professional Bureau calendar01 Aug 2018

The new software platform will enable the integration of artificial intelligence and augmented reality into the in-car...

Exide posts Rs 210 crore profit for Q1 FY2019, up 11% News National
Exide posts Rs 210 crore profit for Q1 FY2019, up 11%

autherAutocar Professional Bureau calendar01 Aug 2018

The company reports a 33 percent growth in its net revenue in Q1 FY2019 with an increase of Rs 682 crore.

New exhaust heat recovery system to help HEVs and PHEVs improve efficiency News International
New exhaust heat recovery system to help HEVs and PHEVs improve efficiency

autherAutocar Professional Bureau calendar01 Aug 2018

By using the heat from exhaust gas usually diverted through exhaust pipes and wasted, BorgWarner’s Exhaust Heat Recove...

ACMA Value Chain Summit pits Gujarat as a parts powerhouse Feature
ACMA Value Chain Summit pits Gujarat as a parts powerhouse

autherAutocar Professional Bureau calendar30 Jul 2018

Tata Motors, the first carmaker to head to Gujarat, is reportedly operating at full capacity after the success of its ...

Dana to acquire Oerlikon’s drive systems business, eyes new customers in India and China News International
Dana to acquire Oerlikon’s drive systems business, eyes new customers in India and China

autherAutocar Professional Bureau calendar30 Jul 2018

Dana says it will benefit from Oerlikon's manufacturing and R&D footprint which will the company’s ability to serve it...

Schaeffler India posts Rs 94.5 crore EBT for Q2 CY2018 News National
Schaeffler India posts Rs 94.5 crore EBT for Q2 CY2018

autherAutocar Professional Bureau calendar27 Jul 2018

The company said the strong result was on the back of solid market performances in the infrastructure, railways, cons...