Page 2 - Auto Component
Auto component industry seeks long term roadmap for regulatory changes
The industry, which accounts for around 2.3 per cent of the country''s GDP, has been struggling of late due to a prolonged downturn in the auto industry as a whole and due to Covid-19 situation
Exports likely to improve in May, contraction expected to be 30-35%: Goyal
Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.
 "Exports likely to improve in May, contraction expected to be 30-35%: Goyal")
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 component industry turnover dips to Rs 1.79 trn in Apr-Sep 2019")
Minda Industries form JV with Japan's Katolec for electronic products
JV plans to set up a facility in Pune to make products such as PCBs & box build assemblies
 "Minda Industries form JV with Japan's Katolec for electronic products")
Bharat Forge acquires Walker Forge & PMT Holding for $ 14 mn
Walker Forge is a leading supplier of complex, steel and high-alloy steel, engine & chassis components to a diverse group of customers across automotive & industrial sectors
 "Bharat Forge acquires Walker Forge & PMT Holding for $ 14 mn")
US auto component firm Cooper Standard opens facility in Pune
With this, the company has relocated its headquarters from Sahibabad (Uttar Pradesh) to Pune facility, which will also house a technical centre
 "US auto component firm Cooper Standard opens facility in Pune")