Samvardhana Motherson International Limited (SAMIL), through its wholly owned subsidiary SMP Automotive Produtos Automotivos do Brasil LTDA (SMP Brasil), has agreed to acquire 100% of Baldi Industria e Comercio LTDA, a Brazilian Tier 2 automotive supplier. The transaction is valued at approximately BRL 47 million (USD 7.8 million) and is expected to close by the […]
Airbus has announced plans to further increase its sourcing of components from India, a plan which has already doubled to €1 billion in procurement between 2019 and 2024. The European aircraft manufacturer, which has secured significant aircraft orders from IndiGo and Air India, currently works with more than 100 Indian suppliers, according to CEO Guillaume […]
GE Aerospace plans to significantly increase its sourcing of components from India, according to company officials. The aerospace manufacturer, which operates a manufacturing facility in Pune and the John F Welch Technology Centre in Bengaluru, currently sources components from 13 major suppliers in the country, including Tata Advanced Systems Ltd (TASL). Vikram Rai, South Asia […]
