Page 4 - Auto Component Makers

Auto component industry optimistic for growth in FY22 despite Covid woes

The auto component industry remains 'cautiously optimistic' for the growth of the industry in the current fiscal year despite concerns of another wave of the pandemic, industry body ACMA said

Wider portfolio to drive EV growth for auto parts maker Minda Industries

Capacity expansion in alloy wheels will tap into premiumisation trend

Lucas TVS plans foray into electric vehicle charging infrastructure

This comes at a time when Lucas TVS and the US-based 24M Technologies are planning to come up with a Rs 2,500-crore giga factory near Chennai

Sansera Engineering IPO subscribed 53% on first day of offer

The initial public offer of auto component maker Sansera Engineering was subscribed 53 per cent on the first day of subscription on Tuesday

SSWL inks pact with Tata Steel Long Products to supply round bars

Auto components maker Steel Strips Wheels Limited has signed a pact with Tata Steel Long Products to supply round bars of various grades

Indian auto parts makers' shares gain on report of talks with Tesla

Shares of Indian auto parts suppliers rose as much as 14% following a report that Tesla was in talks with at least three companies to source critical parts for its planned entry into the country

Motherson eyes acquisitions as pandemic presents attractive opportunities

Auto components major Motherson Sumi Systems Ltd (MSSL) is gearing up to bring in more entities under its fold with many companies looking for partners or acquirers due to challenging biz environment

Elon Musk's Tesla in talks with 3 Indian firms for auto components: Report

The company is seeking critical electrical, electronic and mechanical components, the report said, citing people familiar with the matter

Auto parts industry may see 20-23% jump in revenue this fiscal: Report

The auto components industry is expected to log 20-23 per cent revenue growth during this fiscal, supported by recovery in the domestic automobile sector and robust exports, with all segments (passenger vehicles, two-vehicles and commercial vehicles) likely to report healthy double-digit growth in 2021-22, credit ratings agency ICRA said on Thursday. However, prices of key commodities and shortage of semi-conductors remain the key concerns for the industry, it said. The domestic auto component industry has seen a smart recovery during the first quarter of this fiscal, driven by strong exports and revival of domestic demand in June, ICRA said in a statement. Most domestic automobile segments, especially passenger vehicles (PVs) and tractors, continue to witness strong demand and are almost at pre-COVID-19 levels. Even the M&HCV (medium and heavy commercial vehicle) segment, which was impacted during the April quarter, is also now showing signs of recovery, it said. ICRA's sample ..

Auto component maker Sansera Engineering gets Sebi's go ahead to launch IPO

Auto component maker Sansera Engineering Ltd has received capital markets regulator Sebi's go-ahead to float an initial share sale

Covid 19 effect: Auto component industry's revenue decline 3% in FY21

The fall for the second straight year comes on back of lower automobile volumes

ZF plans to invest EUR 200 mn to drive growth in India over 10 years

German automotive parts maker ZF plans to invest around EUR 200 million and strategically consolidate its business to drive growth over the next decade as it looks to double down its focus on India

Strong order book, improving cash flows positive for Motherson Sumi

Further margin gains could be a key trigger for the stock

Cummins India rides on exports, likely to gain as demand for power grows

Diesel engine maker projected to benefit as companies planning to build data centres seek power providers

Rohtak firm goes to HC against Haryana law reserving pvt jobs for locals

Govt step is against the constitution says, petition likely to be heard next week

Mahindra CIE: Margin gains, recovery in Europe biz key for the stock

To derisk the electric vehicle risk in Europe, the company is looking at increasing its market share in crankshafts, non-engine parts such as steering knuckle and aluminium forgings

India business drives strong Q3 margin performance for Mahindra CIE

The management expects profitability to improve on the back of volumes, cost reduction

Auto part makers shift to top gear as industry's growth accelerates

After being stalled by the economic slowdown and the pandemic, growth is accelerating rapidly for the industry

Factory reset: Bumps galore, but auto hubs breathe easy on sales spike

The first of a four-part series looks at signs of comeback after months of lockdown-linked pain in the automobile cluster

Resolution of semiconductor shortage may take months: Bosch India MD

In another two and a half to three years, Bosch will have 2,500 lesser associates, says MD Bhattacharya