NTF Group, a manufacturer of engineering plastic and composite components for the automotive industry, has commissioned a new plant in Sanand, Gujarat, with a walkthrough conducted in the presence of senior executives from Suzuki Motor Gujarat (SMG). The visit included SMG Managing Director Hayasaka and Plant Head A.K. Singh, who were accompanied by members of […]
ZF Group has inaugurated a new digital development hub in Bengaluru, Karnataka, focused on its fleet orchestration Software-as-a-Service (SaaS) platform, SCALAR. The facility spans 33,300 sq. ft and will house approximately 250 employees working on product development for domestic and global projects. The Bengaluru hub will support development across cloud, data, artificial intelligence, and mobile […]
Minda Corporation Limited, a manufacturer of automotive components, has appointed Ajay Agarwal as President – Finance & Strategy. The company stated that Agarwal will lead strategic initiatives including corporate planning, mergers and acquisitions, joint ventures, investor relations, and financial operations. Agarwal is a Chartered Accountant and Lawyer with over 24 years of experience in financial […]
Lumax Auto Technologies (LATL), a manufacturer of auto components, will acquire the remaining 25 percent stake in IAC International Automotive India from the International Automotive Components Group for INR 2.21 billion. The transaction is expected to close by 31 May 2025, following which IAC India will become a wholly owned subsidiary of LATL. LATL had […]
Nippon Seiki and Emerging Display Technologies Corporation (EDT) have signed an agreement to establish a joint venture in India for the manufacture of automotive Thin-Film Transistor Liquid Crystal Display (TFT LCD) modules. The new entity, EDT-India Private Limited, will be based in Sri City Industrial Park, Andhra Pradesh, with construction of the manufacturing facility set […]
Remsons Industries Limited, a Mumbai-based manufacturer of auto components, has secured a supply contract from Stellantis N.V., North America, valued at more than INR 3 billion. The contract involves the supply of control cables for Stellantis’ smart cars, Jeep vehicles, and three-wheeler segment. Deliveries are scheduled to commence in the next financial year and will […]
Tata AutoComp Systems Ltd. and Katcon Global have established a joint venture in Mexico to manufacture advanced composite materials for the North American market. The facility will produce lightweight components intended for use in passenger and commercial vehicles, agricultural tractors, off-road vehicles, and select non-automotive applications. The new venture builds on a 13-year collaboration between […]
Around fourteen South Korean die and mould manufacturers and plastic injection moulded auto component producers are exploring opportunities to establish manufacturing facilities in India. These consist of tier 2 and tier 3 suppliers to Hyundai, Kia and Mobis. The firms are considering entering India through joint ventures with local partners, focusing on locations such as […]
Sterling Tools Limited, a manufacturer of automotive components, has entered into a technology licensing agreement with UK-based Advanced Electric Machines (AEM) to develop, manufacture, and market rare earth magnet-free traction motors for electric vehicles (EVs) in India. The motors will be produced at the company’s plant in Faridabad through its subsidiary, Sterling Gtake E-Mobility (SGEM). […]
Gabriel India Limited, a manufacturer of ride control products, has acquired assets from Marelli Motherson Auto Suspension Parts Private Limited (MMAS), a 50:50 joint venture between Marelli Europe S.p.A. and Samvardhana Motherson International Limited. The acquisition adds an annual production capacity of 3.2 million shock absorbers and 1 million gas spring units, aimed at expanding […]
