Page 4 - Automotive

Bill Forge takeover to help Mahindra CIE strengthen position in Asia

With its exposure to leading 4W OEMs, strong presence in 2W and significant exports, Bill Forge will provide complementary business mix to Mahindra CIE

Suprajit buys US-based cables maker Wescon Controls for Rs 295 cr

Acquisition of Wescon, a market leader in the outdoor power equipment (OPE) in North America, will help Suprajit to increase its exposure in both automotive and non-automotive business in the Americas

Nissan and Ashok Leyland agree to restructure partnership arrangement

As per the new pact, Ashok Leyland will buy Nissan's stake in three joint venture companies, formed in 2008, that focus on technology development, and manufacturing of powertrains and vehicles

Motherson Sumi acquires Hungarian auto parts maker Abraham es Tarsa

The Hungarian firm is an expert for plastic processing and high quality products for car makers across Europe

Tata Motors bags orders for over 5,000 buses from STUs in India

The company plans to execute all these orders, which will further strengthen its leadership position in the CV passenger space, in the financial year 2016-17

Germany's Tristone Flowtech to set up manufacturing facility in Pune

The company supplies flow technology systems for motor and battery cooling applications in automotive industry

TitanX acquisition to aid Tata AutoComp to tap engine cooling market

Given the challenges before the auto industry in emission control, this acquisition will help Tata AutoComp to expand its presence in the cooling and emission control segments

Escorts divests auto products business to Badve Engineering

The company has divested the OEM & exports business of auto product division to focus on its core verticals in the agri-machinery, construction equipment and railway equipment

Steel Strips Wheels bags $ 55 mn order from US-based Elio Motors

As per the order, which is one of SSWL's biggest export order in its history, the company will supply approximately three million wheels to the US firm spread over 5 years

Sundaram Brake Linings starts production at modernised Chengalpet plant

The company had stopped production at the plant 4 in Mahindra World City (Chengalpet, Tamil Nadu) since February last year to upgrade the facility

Ban on diesel cars hurting investment in auto industry: Minister

New investments in the automotive sector across the country have stopped for the last six months, since the ban on diesel cars was pronounced, informed Babul Supriyo in the Rajya Sabha

Government revises cost estimate for NATRIP project

NATRIP is an important initiative by the government for the establishment of the global test centres in India and address the R&D requirements of the automotive industry

Steel Strips Wheels bags order from Kenya's Mobius Motors

Total project volume is estimated at approximately 150,000 wheels spread over five years generating cumulative revenue of about $ 2.4 million

JBM Solaris to invest Rs 300 for making electric buses in India

The Indian-Polish JV will begin manufacturing the country's first 100-percent electric buses Ecolife at Kosi (Uttar Pradesh) facility from Q4 of FY16-17

JBM Auto ties up with Polish firm Solaris for making electric buses

Solaris Bus & Coach, founded and owned by Solange and Krzysztof Olszewski, is a major European producer of city, intercity and special-purpose buses

Rico Auto aims for Rs 315 cr revenue from new Rajasthan plant

The brake systems and die-castings specialist plans to start commercial production at the new Bhiwadi plant by the next financial year

Greaves Cotton plans to open 1500 outlets for after-market services

The company, which recently entered into multi brand spares business, has become first to offer spares across categories in three wheeler segment

ABB wins first order for 15-sec flash charging tech used in electric vehicle

The company has bagged orders worth more than $ 16 million from Geneva's public transport operator and Swiss bus manufacturer HESS for technology that requires no overhead lines

Force Motors opens engine & axles production plant at Pune

The new plant, built with an investment of Rs 100 crore, at Chakan will produce engines and axles of all cars and SUVs made by Mercedes Benz India

HCL partners with two global firms for serving smart vehicle ecosystem

Alliances with the US-based Movimento and Finnish firm Rightware will help HCL to develop and implement the next-generation, innovative automotive solutions