Belrise and Plasan Sasa announced a strategic agreement to jointly pursue opportunities in the Indian military market with the innovative ATEMM systems.
Entry-level vehicles across 2Ws and PVs are seeing a notable pickup in demand, while discounts are expected to gradually reduce, reflecting normalisation in market dynamics.
The move is seen as a way to protect Mexico's domestic industry
Rico Auto stock counter saw over 33.27 million equity shares representing 24.6 per cent of total equity of the company changed hands on the NSE and BSE in Friday's trade.
The rally was sparked by Phillip Capital's 'Buy' recommendation on Lumax Auto Technologies Ltd, along with a target price of ₹1,860, implying a 36 per cent upside.
While revenue growth remained resilient, weaker margins, demerger-linked costs and stretched valuations have clouded the near-term view for SKF India, analysts said.
Samvardhana Motherson delivered stronger-than-expected operating performance in Q2, prompting brokerages to raise estimates as higher content per vehicle
Shares of Belrise Industries hit a new high of ₹162.60, surging 6 per cent on the BSE in Tuesday's intra-day trade amid heavy volume in an otherwise weak market.
An Icra report indicated that India was at a disadvantage to rivals like Japan, Vietnam, and Indonesia
Researchers at the Indian Institute of Technology (IIT), Guwahati, have developed an eco-friendly composite material made of 'Bambusa tulda', a fast-growing bamboo species in northeast India, combined with biodegradable polymers, officials said on Thursday. Due to its properties, such as high strength, thermal stability, low moisture absorption and cost effectiveness, the developed composite is a suitable replacement of conventional plastics used in automotive interiors. The findings of this research have been published in the prestigious journal, Environment, Development and Sustainability (Springer Nature). Led by Poonam Kumari, Professor, Department of Mechanical Engineering, the research not only addresses the problem of plastic waste, but also provides a solution to the growing global demand for greener materials, particularly in the automotive manufacturing industry. "The researchers tested four bamboo-based composite formulations consisting of Bambusa tulda fibres reinforced
The company also unveiled plans to quadruple its gross revenues over the next five years
The 90-day temporary easing of US tariffs on China has introduced a high level of uncertainty, with the Chinese auto sector weighing the short-term and long-term impact
Exporters with manufacturing operations within the US would also be partly insulated from the new tariffs
IPO-bound auto components maker Belrise Industries on Friday announced the acquisition of the Indian arm of Japanese firm H-One Co. The move is aimed at expanding Belrise's design and manufacturing capabilities and strengthen its position as a supplier of chassis systems and body-in-white parts in the Indian automotive market, the company said. Belrise, however, did not disclose the deal size. H-One India, the Indian subsidiary of H-One Co, is involved in the design and manufacturing of high-tensile steel components and high-tensile tool development for two and four-wheelers. High-tensile steel components are crucial for light-weighting, enhancing vehicle safety, fuel efficiency, and overall performance. Through this acquisition, Belrise said it aims to enhance its production capacity and logistical efficiency by leveraging H-One India's two manufacturing facilities in North India and integrating the acquired company's core technological capabilities. H-One India's clientele incl
The Nifty Auto index, which tracks the performance of auto stocks, dropped 1.46 per cent, to hit an intraday low of 21,095 points.
India calculating impact of 25% duty on cars, auto parts; firms see hit on margins
Raghavan talks about the quick commerce roadmap, plans to raise market share, and global ambitions
Auto components maker Gabriel India on Saturday announced acquisition of assets from Marelli Motherson Auto Suspension Parts Pvt Ltd for Rs 60 crore. With this acquisition, Gabriel India has acquired additional annual manufacturing capacity of 3.2-million shock absorbers and 1-million gas spring units, the company said in a statement. The total purchase consideration payable under the Asset Purchase Agreement (APA) is Rs 60 crore, subject to closing adjustments, Gabriel India said in a regulatory filing. Pune-based Marelli Motherson Auto Suspension Parts Pvt Ltd (MMAS) is a 50:50 joint venture between Marelli Europe S.p.A. (formerly known as Magneti Marelli S.p.A.) and Samvardhana Motherson International Ltd. It specialises in the design, production and marketing of passive shock absorbers, including semi-corner modules and gas springs, for cars and commercial vehicles. Gabriel India further said it will enter into a licence agreement and a technical assistance agreement with Mare
The move follows reports of violence against 'Hindus' and 'attacks' on temples in Bangladesh
US-based automotive supplier Inteva Products LLC on Friday announced its plans to expand capacity at its Chakan plant in Pune to meet the rising demand in the domestic automotive industry. This expansion, which is expected to come up at an investment of USD 3.3 million, will create 100 new jobs also, India Inteva Products said. The company's sole facility manufactures automotive components such as side door latches, liftgate latches, window regulators and motors for window regulators for leading Indian automakers. "As part of this expansion at the Chakan plant, we are adding five new assembly lines, which will take the total number of assembly lines to 17. This will help us increase our window regulator capacity to 6.3 million units by the end of next year," Sanjay Kataria, Vice President and Managing Director of Inteva India told PTI. Kataria said besides this, the production capacity of motors for window regulators, which is 8.1-million units at present, will be enhanced to ...