Page 5 - Auto Component Makers

Bosch says Covid-19 pandemic, chip shortage to weigh on carmakers in 2021

Around 85 million vehicles will roll off assembly lines around the world this year, more than the 78 million units produced in 2020 but still below the 92 million cars produced in 2019

Consistent revenue recovery key for Bosch to be seen as decent investment

Near term margin improvement will also be an area to watch out for

SKF India expects to corner higher share in auto-components market

Auto-component maker SKF expects to corner "significantly higher" share in the sector it caters to irrespective of the pace of industry's growth amid demand revival, a top company executive has said.

Tepid response to Federal Mogul OFS, bids received for less than 10% shares

Market participants said high valuation and low liquidity at the counter was behind the poor response

Auto component firms see capacity utilisation doubling to 60-95% levels

Most players expect strong demand during 45 day festive period, but tread cautiously as trend may not sustain later; Icra sees very few players going for debt recast

Auto parts imports from China down 42% during April-July: Ministry data

Industry body is optimistic about govt's push for greater localisation of components, but says indigenous manufacture will take some time

Motherson Sumi upsizes its NCD issue to Rs 2,130 cr using greenshoe option

Overall, 24 investors (including 23 qualified institutional buyers) have invested in the non-convertible debentures (NCDs)

Auto component firms eye higher exports, low imports to become self-reliant

Top official at various auto component firms said exports, which anyways have been intrinsic to the overall strategy, will increase at a rapid pace over the next two to five years

Motherson Sumi gets nod to raise up to Rs 3,000 cr through NCD issue

The move comes as the company is trying to stay afloat amid the Covid-19 disruptions the auto component sector has faced due to multiple lockdowns in the past few months

Auto component industry faces shortage of skilled labour: Industry leader

Sector employs around 5 million people and it accounts for 2.5 per cent of country's GDP

Steel Strips Wheels bags manufacturing orders worth $2,09,000 for US market

Company says it has bagged 'export' orders for over 6,000 wheels for the US truck and caravan trailer market

Global spread helps Motherson Sumi tackle Covid-19 pandemic pain

The third part of the series looks at how the firm used its first-mover advantage to get production back on track

Haryana allows select firms to deploy 100% workforce in multiple shifts

Auto component major Sona Comstar, which earlier could deploy only half of its workers, has been allowed to bring in its entire workforce at its four plants - three in Gurugram and one in Manesar.

Covid-19 lockdown: Labour, stockpile make carmakers delay production

Supply chain glitches and unavailability of labour also a deterrent

Covid-19 pandemic a big blow for auto-component SMEs: CRISIL SME Tracker

The nationwide lockdown imposed till April 14 has brought production to a standstill, and will hurt even more if it is extended.

Auto component industry turnover dips to Rs 1.79 trn in Apr-Sep 2019

On job losses, Jain said retrenchment has taken place from October last year till July 2019

Auto sector welcomes PM Modi's assurance on internal combustion engine cars

India's automobile industry is facing one of the most prolonged slowdowns in two decades. Sales have been in a slow lane for a year

Auto component makers eye Rs 2,000-cr market in Northeast

The region is estimated to have a vehicle population of a million, close to 2% of the country's total vehicle population