Shivam Autotech Limited has approved a corporate term loan of INR 400 million to partially refinance existing debt and support working capital needs, according to a regulatory filing submitted to stock exchanges. The company, which manufactures precision components for vehicle manufacturers, has been managing industry challenges such as fluctuating raw material costs and changing market […]
International Automotive Components (IAC) Group has inaugurated its third manufacturing facility in Chakan, India, enhancing its production capabilities in the region. The new plant is equipped with advanced Pressure Lamination and Laser Scoring technology, aimed at improving production efficiency and product quality. This development aligns with IAC’s strategy to expand its footprint in India’s automotive […]
Nelson Global, a manufacturer of thermal management, acoustic, air and fluid mechanics, and structural solutions, has opened its seventh manufacturing facility in India, located in Nandigam, Gujarat. The company already operates plants in Chakan, Chennai, Daman, Jamshedpur, Lucknow, Pune, and Rudrapur. The Nandigam facility primarily produces tubular assemblies and serves on-highway, power generation, agriculture, and […]
Arun Mammen, Vice Chairman and Managing Director of MRF Ltd, has been elected as the Chairman of the Automotive Tyre Manufacturers’ Association (ATMA), the industry body representing India’s tyre manufacturing sector. Hiroshi Yoshizane, Managing Director of Bridgestone India, has been appointed as Vice Chairman. ATMA, which marks its 50th anniversary in 2025, represents India’s automotive […]
KPIT Technologies has collaborated with the Indian Institute of Technology (IIT) Madras to offer specialized M.Tech programs for its employees. The initiative is designed to enhance workforce skills in areas such as cybersecurity, artificial intelligence, and advanced digital and image processing, with courses delivered fully online. According to KPIT, the programs were developed in consultation […]
Jay Bharat Maruti Limited (JBML) has increased its stake in JBM Ogihara Die-Tech (P) Ltd. (JODT) from 39% to 49% by acquiring an equity stake from joint venture partner Ogihara Thailand Co. Ltd. (OTC). JODT, a joint venture with JBM Auto Ltd. (JBMA) and OTC, manufactures press stamping dies, including high-tensile and critical body-in-white (BIW) […]
The Department for Promotion of Industry and Internal Trade (DPIIT) and Mercedes-Benz India have signed a Memorandum of Understanding (MoU) to support India’s manufacturing ecosystem, road safety initiatives, and environmental sustainability. The collaboration will focus on providing infrastructure, mentorship, funding, and market access for startups. According to DPIIT, the partnership will facilitate international collaborations and […]
Marquardt inaugurated a new production plant in Talegaon, near Pune, India, on March 5, 2025. The facility, which replaces the company’s previous site in Mumbai, represents an investment exceeding 180 crore rupees (approximately $21.5 million USD) in infrastructure and equipment. The plant will manufacture mechatronic system solutions for the Indian automotive industry, including drive authorization […]
The 59th ACMA Excellence Awards honored around 60 auto component manufacturers with 109 awards across 10 categories, recognizing achievements in manufacturing, product development, localization, and exports. Shriram Pistons And Rings Ltd received multiple accolades, including Platinum awards for Excellence in Manufacturing, New Product Design and Development (NPDD) and Localization, and Export. The company also secured […]
India’s auto component exports reached $21.2 billion in FY24, with projections suggesting they could grow to $100 billion as global original equipment manufacturers (OEMs) adjust their supply chains, according to a report released by the Automotive Component Manufacturers Association of India (ACMA) and Boston Consulting Group (BCG). The report indicates that India has moved from […]