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 […]
JFE Shoji announced plans to invest INR 4 billion in a new facility to manufacture motor cores for battery electric vehicles (BEVs) and electric vehicles (EVs) in Karnataka. The company is also engaged in early-stage discussions with the state government regarding the possible revival of the defunct New Government Electrical Factory (NGEF) plant in Hubballi. […]
Johnson Electric has opened a new facility in Pillaipakkam, Chennai, covering more than 10,000 square metres. The site is intended to strengthen the company’s manufacturing capabilities and will gradually ramp up operations over the next 15 months with advanced assembly lines and integrated production systems. In addition to manufacturing, the site will house the Johnson […]
OPmobility has commenced construction of its second joint venture plant at Kharkhoda in the Maruti Suzuki JV Park. The facility will expand the company’s local fuel systems business in India. The groundbreaking ceremony took place in August and was attended by customers, employees, and members of the senior leadership team, including representatives from Maruti Suzuki […]
Kinetic Engineering Ltd has inaugurated a robotic chassis line at its Ahilya Nagar facility in Maharashtra to support the production of the Kinetic DX electric scooter. The line includes robotic welding, clamping auto fixtures, and a dedicated cell for scooter framing. The facility has also been upgraded with hydraulic and mechanical presses, spot welding guns, […]
Parker Hannifin, a motion and control technology company, has inaugurated a new cabin air filter assembly line at its Chennai facility on 18 August 2025 in partnership with Daimler India Commercial Vehicles (DICV). Senior leaders from DICV, including President and Chief Procurement & Supply Chain Officer Michael Moebius and Associate Vice President Jain Nishit, attended […]
CEAT Limited has acquired Michelin Group’s CAMSO Construction Compact Line Business, including the Midigama plant and Casting Product plant in Sri Lanka. The transaction gives CEAT ownership of the CAMSO brand, which will be permanently assigned across categories after a three-year licensing period. As part of the acquisition, CEAT announced an investment of USD 171 […]
Benteler, an automotive technology company, is expanding its manufacturing footprint in India. Tony Shi, member of the Management Board of Benteler Automotive, and Shyam Dinakaran, Vice President of Purchasing APAC, met Pratik Mathur, Consul General of India in Shanghai, to brief him on the company’s expansion plans. In July 2024, the company inaugurated a pressing […]
Pavna Industries Limited, a manufacturer of automotive components, has acquired an additional 1.89 acres of land near Jewar Airport in Uttar Pradesh. The company said the expansion is part of its strategy to strengthen its presence in the industrial corridor surrounding the airport and to support future capacity growth. “Each addition to our landholding near […]