Sep 02, 2021 12:11 PM IST
The company will use its partner’s cheaper technology to build a range of products for e-mobility, stationary energy storage and lead acid battery replacement
- Jul 26, 2021 03:12 PM IST
The growth would however be on the low base of the last two fiscals and will look optically strong because of the exceptionally weak first half of the financial year 2020-21.
- Jul 01, 2021 04:40 PM IST
The fortunes of Subros are directly linked to the growth of the passenger vehicle industry. Though the first quarter of FY22 is expected to be impacted by the second wave of COVID, the outlook for the remaining fiscal seems encouraging. The company management has indicated that the demand is expected to pick up post-easing of lockdown restrictions in various states. At the current valuation of 17.9 times FY23 projected earnings, the stock looks attractive.
- Jun 23, 2021 02:46 PM IST
As per the Memorandum of Understanding (MoU), the automaker through its training arm Toyota Learning and Development India (TLDI) will share its best practices like people development and lean management principles with the industry members of ACMA.
- Jun 22, 2021 02:02 PM IST
The challenges for component manufacturers will be further compounded by the sharp increase in commodity prices, which are generally passed through to original equipment manufacturers (OEMs) with a lag of 3-6 months, ICRA noted.
- Jun 09, 2021 08:36 AM IST
Apart from a handful of large companies that have made a mark in OEM and after-sales in international markets, the industry is dotted with medium and small enterprises, which thrive on the domestic supplies and after-sales market for business
- Feb 17, 2021 10:20 AM IST
While the current upward trend in autos is welcome, in the long run, it will be Bharat Forge's foray into new areas that will provide support
- Jun 24, 2020 12:50 PM IST
Further, the domestic automobile industry is also seeking to cut dependence on Chinese imports after facing severe shortage of critical components due to the coronavirus pandemic, as companies based out of China currently continue to be the leading suppliers of automotive components.
- Dec 06, 2019 03:20 PM IST
The auto component industry turnover dropped to 1.79 lakh crore in the April-September period, down 10.1 per cent from Rs 1.99 lakh crore in the year-ago period.
- Mar 01, 2019 07:43 AM IST
- Aug 20, 2018 08:52 PM IST
Turkey was the second largest auto component importer from India with shipments of about USD 100 million in the first quarter of 2018-19, a year-on-year growth of 28.36 per cent.
- Mar 10, 2017 08:11 PM IST
Through the course of this 4-part special series, we will bring you the stories of 12 entrepreneurs who have disrupted their industries through their ideas and innovation. They have spurred new trends which is an inspiration for all.
- Oct 06, 2016 07:22 PM IST
The company's IPO received bids for 1,58,70,960 shares against the total issue size of 1,72,29,118 shares, data available with the NSE till 1730 hrs showed.
- Oct 05, 2016 07:32 PM IST
The company's IPO received bids for 21,40,680 shares against the total issue size of 1,72,29,118 shares, data available with the NSE till 1715 hrs showed.
- Jun 29, 2016 08:52 AM IST
A meeting of the board of directors of the company will be held on July 1, to consider a proposal for buyback of the company's equity shares, Bosch Ltd said in a regulatory filing.
- Feb 05, 2016 03:34 PM IST
The company had posted a net profit of Rs 110.87 crore in the same period last fiscal, Bosch said in a BSE filing.
- Nov 09, 2015 06:36 PM IST
The Chennai-based company had registered a net profit at Rs 31.26 crore during the year-ago period, WABCO India said in a BSE filing.
- Nov 05, 2015 05:00 PM IST
Net sales of the company rose to Rs 413.77 crore for the second quarter, as compared to Rs 403.16 crore during the same period of previous fiscal, JBM Auto said in a statement.
- Feb 14, 2014 08:03 PM IST
The company had posted a consolidated net profit of Rs 8.15 crore in the same period of the previous fiscal, JBM Auto said in a filing to the BSE.
- Jul 31, 2013 04:22 PM IST
Auto component maker Motherson Sumi Systems Ltd today reported nearly nine-fold rise in its consolidated net profit at Rs 73.20 crore for the first quarter ended June 30, 2013.
- Jun 17, 2013 12:00 PM IST
Hemant Luthra, president, Mahindra Systech, said the deal will help the two companies grow into new geographies. The product range as well as geographical presence of the two firms will complement each other since CIE is present in Latin America, where Mahindra is not and in India Mahindra has a strong presence, while CIE does not, he said.
- Mar 11, 2013 01:30 PM IST
Amtek Auto's revenue is likely to exceed USD 2 billion post the acquisition of Germany's Neumayer Tekfor Group, John Flintham, senior MD, said on Monday.
- Mar 08, 2013 03:24 PM IST
Auto component maker Bosch Ltd today said workers at its Bangalore plant have gone on a tool down strike from yesterday without prior notice.
- Jan 09, 2013 12:07 PM IST
Indian auto component makers face a tough year ahead, as demand slowdown could put pressure on profitability and balance sheet, global rating agency Fitch said in its report.
- Aug 02, 2012 12:51 PM IST
Auto component maker Sona Koyo Steering Systems sustained some margin pressure in Q1 and according to Sunjay Kapur, Vice Chairman & Managing Director of the company, the foreign exchange pressure and increased manufacturing cost is to be blamed for it.