Minda Corporation Limited, a subsidiary of Spark Minda Group, plans to set up two new greenfield die casting plants and one new greenfield instrument cluster plant as part of its capital expenditure programme for FY25 and FY26. These projects are part of the company’s planned capital expenditure of INR 20 billion over the next five […]
Remsons Industries Limited, a manufacturer of automotive components, has identified an additional 80,000 square feet of property in the National Capital Region to support its expansion plans. The company stated that the move is intended to meet increasing demand for its products and strengthen manufacturing and operational capabilities. The company has set a revenue target […]
The Automotive Component Manufacturers Association (ACMA) has appointed Anmol Jain, Managing Director of Lumax Auto Technologies Ltd., as Chairperson of its Northern Region. He will be joined by Manish Saraf, Vice President – Sales & Business Development at Paracoat Products Ltd., who has been named Co-Chairperson. The leadership appointments come as the auto component sector […]
Stephenson Gobin, a UK-based manufacturer of electromagnetic brakes, clutches, and safety products, has opened a new 20,000 sq ft manufacturing plant in Attibele, Karnataka, near Bangalore. The facility will produce electromagnetic brakes, clutches, and fire door safety products, expanding the company’s production capacity to meet demand from international customers. The site is equipped with assembly […]
Pavna Industries, an automotive component manufacturer, has entered into a Memorandum of Understanding with the Government of Tamil Nadu to establish an auto-components manufacturing facility at the Future Mobility Park in Shoolagiri, Krishnagiri district. The company stated that the planned facility will increase its production footprint and contribute to the automotive supply chain. The factory […]
SJS Enterprises, a supplier of automotive components, has entered into a Memorandum of Understanding (MoU) with Hong Kong-based BOE Varitronix to collaborate on the manufacture of automotive displays in India. The agreement covers technology transfer, localisation of production, and development of critical display components for the four-wheeler segment. BOE Varitronix will transfer technology to SJS […]
The Automotive Component Manufacturers Association of India (ACMA) has appointed Vikrampati Singhania, Managing Director of JK Fenner (India) Ltd., as its President for the 2025–26 term. The association also named Sriram Viji, Managing Director of Brakes India Pvt. Ltd., as President Designate. “The appointment of Mr. Vikrampati Singhania as President and Mr. Sriram Viji as […]
The Automotive Component Manufacturers Association of India (ACMA) held its 65th Annual Session in New Delhi, where a joint ACMA–McKinsey study projected that India’s auto component industry could reach USD 200 billion by 2030. The study highlighted growth drivers including domestic demand, export expansion, and opportunities in both internal combustion engine components and next-generation electric […]
McKinsey & Company and the Automotive Component Manufacturers Association of India (ACMA) project that India’s auto component sector will grow to USD 200 billion by FY 2030. The report, Shaping the Future of India’s Auto Component Industry Amid Global Trade Shifts, was released at ACMA’s 65th Annual Session in New Delhi. According to the McKinsey-ACMA […]
Sterling Tools Limited, through its subsidiary Sterling Gtake E-Mobility Limited (SGEM), has signed technology licence and supply agreements with China’s Landworld Technology Co. Ltd. to manufacture on-board chargers, DC/DC converters and multifunction units in India. Production will take place at SGEM’s electric vehicle (EV) campus in Faridabad. The partnership is projected to generate around INR […]