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  Japan’s Kosei, Minda Industries form JV to make moulds for alloy wheel
Japan-based Kasei Group and Minda Industries Limited (MIL), the flagship company of Uno Minda Group, have entered into another joint venture (JV) agreement for manufacturing moulds for alloy wheel. Minda Industries will hold 49.9 per cent stake in the JV, to be named Kasei Minda Mould Pvt Ltd, while Kasei Group will hold the 50.1 per cent of the equity.

Adani Logistics and NYK Auto Logistics to form rail logistics JV
Automobile sector is witnessing rapid growth. Loading activity in this sector increased by 16 per cent in 17-18. This growth, coupled with Government of India’s focus on promoting alternative means of transportation to reduce carbon footprint.

Towards Green Mobility
With automobile manufacturers demanding more eco-friendly products from their suppliers, the adoption rate of greener technology among component manufacturers is expected to increase in the near future, says Rakesh Rao.

Wabco bags first deal for power steering in India from Tata Motors
Wabco Holdings Inc has bagged its first power steering system deal in India from Tata Motors. The deal follows Wabco’c September 2017 acquisition of US-based R H Sheppard, a key supplier of industry-leading steering technologies for commercial vehicles.

Oil PSUs to set up 20 LNG stations on highways for trucks
Leading oil marketing companies such as Petronet LNG Ltd, Indian Oil Corporation, BPCL, etc together will put up close to 20 LNG stations on various national highways to provide for LNG fed truck transport movement following instruction from the government.

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