Automotive Tech Suppliers

Uno Minda's stock rose following its announcement of a technical licence agreement (TLA) with Suzhou Inovance Automotive Co, Ltd, China

In an effort to differentiate themselves amid rising competition, automakers have been adding an array of more basic driver-assistance features

Automotive technology firm Pricol Ltd on Wednesday announced a partnership with China-based Heilongjiang Tianyouwei Electronics for Driver Information System (DIS), including e-cockpit, heads up display, for vehicle segments. The company said it has entered into a co-operation agreement for technology and supply of parts and systems with the overseas firm, which will support it exclusively on the projects identified for such collaboration. The company said it will source components and/or sub-assemblies from Heilongjiang Tianyouwei Electronics as part of the supply arrangement. "We are confident that our efforts will help in providing state-of-the-art solutions in the DIS space, where Pricol has a dominant position in the Indian market. "Pricol's domain expertise combined with Heilongjiang Tianyouwei Electronics's technological prowess marks a significant step towards achieving a vision of enhancing the driving experience for Indian customers," Pricol Ltd Managing Director Vikram .

The make-in-India focus and effective use of local materials is expected to bring costs down for the Harley, enabling it to offer X440 at a competitive price

German industrial and automotive-component supplier Schaeffler on Wednesday announced the inauguration of a new manufacturing unit at its Savli (Vadodara) facility in Gujarat. The new unit will add additional capacities of over 10,000 sq m of production space, to the existing plant, and cater to the growing demand in the wind, heavy industries, and railway sectors, the company said. The expansion of the Savli plant's production capacity is a vital step towards driving localisation strategy and meeting the growing demands of the market, it stated. The capacity expansion will enable the plant to manufacture spherical roller bearings (SRB) and spherical rollers, while also expanding its heat treatment capabilities, it said. Schaeffler India's Savli plant currently carries out quality related work, such as heat treatment of raw material, face and outer outside diameter grinding and honing (precision grinding) the inner and outer rings of rolling bearings. The various products produced

The company now forecast 2021 sales of between 15-15.5 billion euros and an operating profit margin of 5.5%, compared to a previous target of sales at 15.5 billion euros

Samsung Electronics on Tuesday released a new automotive image sensor as the tech giant eyes to expand its presence beyond the mobile sector

Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China

The global chip shortage stems from a confluence of factors as carmakers, which shut plants during the Covid-19 pandemic last year

Craftsman Automation has many global and domestic clients including Tata Motors, Tata Cummins, M&M, Simpson and Co, Escort, Ashok Leyland, and TVS Motors

Mahindra and Mahindra (M&M) is expecting reduction in production and sales volume at its automotive division and in its wholly-owned subsidiary in the last quarter of the current fiscal due to global supply shortage of micro-processors. M&M said it is engaging closely with its auto components supplier Bosch and assessing likely production loss. "The operations of the company in the automotive sector will be affected by the global supply shortage of micro-processors (semiconductors) used in electronic control unit (ECUs) which is supplied by Bosch," Mahindra said in a regulatory filing. Mahindra said this is estimated to result in reduction in production/ sales volume of the company (automotive division) and Mahindra Vehicle Manufacturers (MVML), a wholly-owned subsidiary of the company, in the last quarter of financial year 2020-2021. "The company is engaging closely with Bosch and assessing likely production loss for the last quarter of FY 2020-2021 on account of this supply .

The system will aid the electrification of small mobility vehicles, especially two- and three-wheelers

While the company expects to outdo the industry on domestic sales and exports, its capex in the current year is likely to come down substantially

The 15,000-sq ft unit is expected to strengthen technical competence of Valeo's R&D function and house the test labs of the company's hardware, mechanical and India business R&D divisions