Automobile Parts

GE Aerospace, Tata Advanced Systems extend $1 billion long term contract

GE Aerospace and Tata Advanced Systems Ltd have extended their long term contract worth USD 1 billion for production and supply of several commercial aircraft engine components. The engine parts will be manufactured at the Tata Centre of Excellence for Aero Engines (Tata-TCoE). In a joint release on Friday, GE Aerospace and Tata Advanced Systems Ltd (TASL) said they have extended the manufacturing agreement under which TASL will continue to produce and supply several commercial aircraft engine components to GE's global engine manufacturing factories. "The multi-year long term contract is valued over USD 1 billion and showcases the growing relationship between GE and TASL in the aerospace industry," the release said. The contract was first signed in late 2017. Tata-TCoE was established in 2018 to manufacture CFM International LEAP engine components in India. CFM International is an equal joint venture between GE and Safran Aircraft Engines. A significant number of commercial aircr

Hero MotoCorp partners with Terrafirma Motors to enter Philippines

Two-wheeler maker Hero MotoCorp on Wednesday announced its plans to enter the Philippines for which it has partnered with Terrafirma Motors Corporation for assembly and distribution of its vehicles. A part of the Columbian Group of Companies, Terrafirma Motors Corporation (TMC) will be the exclusive assembler and distributor of Hero MotoCorp motorcycles in the Philippines, the company said in a regulatory filing. TMC will set up an assembly facility of 29,000 square metres in its existing principal manufacturing facility situated in Laguna City and will start its operations in the second half of fiscal year 2024, it added. "In keeping with our R4 (recalibrate, revitalise, revolutionise and revive) strategy, we are always keenly exploring new opportunities in global markets. Our partnership with Terrafirma Motors Corporation to enter the Southeast Asian region is an integral part of this expansion strategy," Hero MotoCorp Head of Global Business Sanjay Bhan said. TMC Chairman ...

Makers of safety-critical parts on capex drive to get set for new rules

Not much gain for seat belts, which are a standard feature in several vehicles; but the airbag rule--as and when it takes effect--will have a multiplier effect on safety-critical components

Automotive Axles surges 8%, hits record high on healthy business outlook

The company is a beneficiary of the current cyclical recovery in the domestic commercial vehicle space, especially the medium & heavy commercial vehicle (M&HCV) domain.

Mahindra to explore partnership options for electric vehicle parts

Mahindra last week signed a partnership agreement with Volkswagen in which it will explore equipping its electric cars with motors, battery system components and cells made by the German automaker

Chip woes continue to hobble auto dispatches in Feb; TaMo, M&M buck trend

Leading carmakers Maruti Suzuki, Hyundai, Toyota and Honda witnessed a drop in vehicle dispatches to dealers last month as the global semiconductor shortage continued to impact production. Tata Motors, Mahindra & Mahindra, Skoda and MG Motor, on the other hand, reported an increase in wholesales in February as compared to the same month last year. The country's largest carmaker Maruti Suzuki India (MSI) said its domestic sales slipped 8.46 per cent to 1,40,035 units as against 1,52,983 units in February 2021. "The shortage of electronic components had a minor impact on the production of vehicles which are primarily sold in the domestic market. The company took all possible measures to minimise the impact," the auto major noted. Sales of the company's mini cars, comprising Alto and S-Presso, fell 17.81 per cent to 19,691 units last month as compared to 23,959 in the same month last year. Similarly, dispatch of compact models like Swift, Celerio, Ignis, Baleno and Dzire dipped 3.38

Bosch acquires 26% stake in B2B e-commerce firm Autozilla Solutions

The Hyderabad-based, Autozilla Solutions specialises in the development of electronic parts catalogues for spare parts

Motherson Sumi shares decline nearly 5% after 80% fall in Q3 PAT

The stock tanked 4.82 per cent to settle at Rs 171.70 on BSE, it declined 4.54 per cent to close at Rs 172.15 on NSE

Auto components major Motherson Sumi Q3 net dips 80% to Rs 226 crore

Total revenue from operations stood at Rs 16,117.51 crore in the quarter under review against Rs 17,092.44 crore in the year-ago period

JK Tyre, CEAT: How to trade auto ancillary stocks post August sales nos

With the "higher high, higher low" formation on the daily chart, Amara Raja Batteries is gradually rising with the support of 50-day moving average (DMA).

Auto spare revenues may drop 11% as lockdown persists in 75 key districts

Crisil Research says the 75 districts together account for a huge chunk of automobile sales by OEMs and 46% of the automobiles sales in the country

Greaves Care, TVS Motor ink pact to support three-wheeler business

TVS Motors would have an assurance of robust service support from Greaves, enhancing the value proposition of the auto-rickshaws in a competitive market segment

Michelin signs MoU with ARAI to work together on auto tech in India

French tyre major Michelin on Wednesday said it has joined hands with Automotive Research Association of India (ARAI) to encourage knowledge sharing, enhance general awareness of the transportation industry and to drive forward collaborations in automobile technology projects in India. The Memorandum of Understanding (MoU) inked between the two entities also entails several areas of collaboration related to the development of the automobile industry in India, such as training on vehicle dynamics, tyre technologies and exploring future stakes in standardisation and regulation, among others. This strategic partnership will also see Michelin India and ARAI join forces to facilitate testing of tyres for regulatory requirements like wet grip and rolling resistance. "Our strategic partnership with ARAI will allow us to share our expertise and multi country know-how on tyre technology for the Indian market," Executive Vice-President, Research & Development - Member of the Michelin Group .

From Hero MotoCorp to Royal Enfield, two-wheeler sales continue to skid

Largest two-wheeler manufacturer Hero Moto Corp saw a decline of more than 20 per cent

Automobile parts makers scurry to upgrade components

Automobile component major Sona group has hired a head of technology in order to help it negotiate changes the advent of electric vehicles would bring to its business. "The component industry will go through a major disruption. We need to be prepared before it hits us," says Chief Executive Officer Sunjay Kapur.The $30-billion Indian automobile component industry is in the throes of disruption, as vehicles powered by the internal combustion engine are replaced by battery-operated electric vehicles. As much as 60 per cent of the industry's revenue, which now comes from fuel engines and drive trains, would be replaced by the battery and the motor. Also, the cost of electronics - software, embedded systems and sensors - that now make up for 15-20 per cent of a vehicle's cost, would rise to 40-50 per cent, according to the Auto Components Manufacturers Association (ACMA).Underlying these changes is the fact that the number of moving parts in a vehicle would drop from 2,000 to 20. Many ...