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News Updates

Nitin Gadkari targets Rs 15 trillion turnover in Indian auto sector
News
  Nov 26, 2021

Nitin Gadkari targets Rs 15 trillion turnover in Indian auto sector

Union Road Transport Minister Nitin Gadkari on Tuesday said that the Centre's mission is to increase the turnover of the automobile industry to Rs 15 trillion within the next five years.

India’s auto parts industry expects 22% growth in FY22
News
  Nov 23, 2021

India’s auto parts industry expects 22% growth in FY22

The auto components industry is poised for a 10- 15 per cent growth in fiscal 2022, following a 3 per cent slide in FY21 during peak Covid pandemic, according to Sunjay Kapur.

Forging industry facing setback due to fall in auto sales
News
  Nov 22, 2021

Forging industry facing setback due to fall in auto sales

With the ripple down effect of declining automobile sales, the forging industry is facing the heat with a sharp decline in demand.

How to increase efficiency in automotive aftermarket in India
News
  Nov 19, 2021

How to increase efficiency in automotive aftermarket in India

A good supply chain management, integrated with predictive and prescriptive analytics becomes a crucial joining point for both the manufacturers and the distributors, says Manav Kapur, Executive Director, Steelbird International

Global auto manufacturers regret dependence on China for magnesium
News
  Nov 18, 2021

Global auto manufacturers regret dependence on China for magnesium

After Chinese authorities cut down on magnesium production, auto manufacturers across the world are regretting dependence on Beijing for supplies as the price of the metal has spiked.

India’s Oct exports rise 43% Y-O-Y due to strong global orders
News
  Nov 18, 2021

India’s Oct exports rise 43% Y-O-Y due to strong global orders

Owing to strong global orders, India's merchandise exports rose by 43 percent in October this year as compared to same period previous year.

Piaggio India launches re-designed Aprilia SR 160 range
News
  Nov 18, 2021

Piaggio India launches re-designed Aprilia SR 160 range

The new Aprilia SR 160 will be available at a price of Rs 117,494 Ex showroom Pune and Aprilia SR 125 priced at Rs 107,595 Ex showroom Pune. It can be booked for an initial amount of Rs 5000.

Nitin Gadkari: India’s auto industry to become world no 1 in 5 years
News
  Nov 16, 2021

Nitin Gadkari: India’s auto industry to become world no 1 in 5 years

Nitin Gadkari, the Union-Minister for Road Transport and Highways, said that his aim is to make the Indian automobile industry the number one in the world, in terms of export of electric vehicles.

Motherson and Marelli extend cooperation for automotive lighting in India
News
  Oct 29, 2021

Motherson and Marelli extend cooperation for automotive lighting in India

Two companies have their cooperation by setting a new toolroom in India that is dedicated to specific automotive lighting applications.

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