Auto Component Makers

EV penetration in 2W and 3W is expected to increase at a fast rate over the next few years which augurs well for the company's growth.

The total quantity of forged wheels to be supplied will be around 1.54 million wheels over a period of 20 years.

The management said revenue growth in Q3FY23 was aided by strong growth in the Battrixx division revenues.

The company said the flow form technology involves the application of pressure to the inner barrel of the wheel while spinning and after it has been casted

In the past eight months, it has more-than-doubled or zoomed 203 per cent from Rs 116.05, which it had touched on May 12, 2022

Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per rating agency ICRA

While they have not been able to make a huge dent globally, their operations have grown with OEMs in India beginning to lean on them more heavily for supplies

The company and DRAIPL both operate in the auto components space and have strengths in complementary areas. The acquisition will help both entities leverage their strengths and build better synergies.

Auto component maker Steel Strip Wheels Ltd on Tuesday said it has entered into a pact to form a joint venture with Israel's Redler Technologies for development, manufacturing and sales of motion controllers for electric vehicles in India. The two companies have signed a memorandum of understanding for the same and will collaborate on EV controllers for two-, three- and four-wheelers, Steel Strip Wheels Ltd said in a regulatory filing. The association will synergise the company's manufacturing capability, large consumer access and strong Indian presence with Redler's access to advanced technology, it added. While Steel Strip Wheels is an automotive wheel maker, Redler is into design, development and production of servo motion control systems, intelligent circuit breakers and power distribution systems, the filing said.

Business Standard's S Dinakar caught up with Sunjay Kapur, the president of the Automotive Component Manufacturers Association of India, to know how the sector is performing and more

Board approves amalgamation of Sunfast TVS and TVS Engineering with Sundram Fasteners

The company had posted a consolidated net profit of Rs 152.75 crore in the same quarter last fiscal, Bharat Forge said in a regulatory filing.

Margins could improve given softening commodity prices

Impact on passenger car makers due to chip crisis and raw material shortage, and on two-wheeler, tractor and CV makers due to demand swings has trickle-down effect on autoparts makers

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

Capacity expansion in alloy wheels will tap into premiumisation trend

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

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

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

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