News articles

Indian Auto sector starts FY19 with a bang!

Indian Auto sector starts FY19 with a bang!

Society of Indian Automobile Manufacturers (SIAM) has reported the figures for April 2018, the first month of the financial year 2018-19. The auto industry in India has started on a positive note. The sale of Passenger Vehicles grew by 7.50 percent in April 2018 over the same month last year. The sales for Passenger Cars,

ACMA Value Chain Summit starts on May 18, 2018 in Gujarat, India

The ACMA Value Chain Summit, organised by Automotive Component Manufacturers Association (ACMA), will take place on May 18-19, 2018, at Gandhinagar, Gujarat, India. The event will be inaugurated by the Chief Minister of Gujarat Vijay Rupani. Over 150 Indian auto component manufacturers will exhibit their products & solutions at the summit. Kenichi Ayukawa, Managing Director

Vikas Marwah is the new Chief Strategy Officer at Lumax

Lumax – D K Jain Group has appointed Vikas Marwah as Executive Vice President and Chief Strategy Officer at Lumax Management Services Private Limited. He will report to Vineet Sahni, CEO & Senior Executive Director and would be responsible for business growth for existing and addition of new product lines and new Joint Ventures besides

Schaeffler to streamline its structures

  Global automotive and industrial supplier Schaeffler has decided that the Bearing Components & Technologies unit (BCT), which currently functions as an internal supplier, will be dissolved and that all Schaeffler plants without a divisional allocation will become part of either the Automotive OEM or Industrial division. The Automotive Aftermarket division will continue to be

Mercedes-Benz expands network in India

Mercedes-Benz has inaugurated a refurbished sales facility-Benchmark Cars- in Ahmedabad, Gujarat, India. Michael Jopp, VP Sales and Marketing, Mercedes-Benz India and Sanjay Thakker, Chairman, Benchmark Cars have jointly opened the new outlet. The state-of-the-art luxury facility is spread across 25,000 sqft. Mercedes-Benz has now 93 outlets across 45 cities in the country. “We have been

Continental, IIT Madras to jointly research machine learning

A Memorandum of Understanding (MoU) was signed between Continental and Indian Institute of Technology, Madras for Advanced Research in Machine Learning. The project, code-named NeuroMotive, focuses on advanced research in Machine Learning and Neural Networks for technologies that aid partially automated driving. IIT Madras with its known capability in machine learning and bio-inspired neural networks

Apollo Tyres sponsors Hungarian Sports Club DVTK

Apollo Tyres has signed a three-year sponsorship deal with DVTK, the leading sports club in Hungary. The Company is looking at leveraging DVTK’s massive fan base to raise awareness of its brand among potential customers, business partners and consumer audiences in Hungary, said the company. Founded in 1910, DVTK is based in Miskolc, Diósgyőr. The

WABCO extends supply of air compressors to a global firm in Europe

WABCO Holdings has extended its long-term agreement to supply air compressor technology for a major global manufacturer of trucks and buses in Europe. Under the agreement, valued at almost $100 million, WABCO will continue to supply the c-comp clutch compressors, as well as water-cooled w-comp and m-comp non-water-cooled crankcase air compressors, across Europe, the Americas