Page 3 - Auto Component Makers
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)
 "Motherson Sumi upsizes its NCD issue to Rs 2,130 cr using greenshoe option")
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
 "Auto component firms eye higher exports, low imports to become self-reliant")
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
 "Motherson Sumi gets nod to raise up to Rs 3,000 cr through NCD issue")
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
 "Steel Strips Wheels bags manufacturing orders worth $2,09,000 for US 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
 "Global spread helps Motherson Sumi tackle Covid-19 pandemic pain")
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.
 "Haryana allows select firms to deploy 100% workforce in multiple shifts")
Covid-19 lockdown: Labour, stockpile make carmakers delay production
Supply chain glitches and unavailability of labour also a deterrent
 "Covid-19 lockdown: Labour, stockpile make carmakers delay production")
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.
 "Covid-19 pandemic a big blow for auto-component SMEs: CRISIL SME Tracker")
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 sector welcomes PM Modi's assurance on internal combustion engine cars")
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
 "Auto component makers eye Rs 2,000-cr market in Northeast")
