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30 Results Found
  • Lucas TVS signs pact with 24M to build one of India’s first giga factories Sep 02, 2021 12:11 PM IST

    Lucas TVS signs pact with 24M to build one of India’s first giga factories

    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

  • Auto component industry revenues to grow by 20-23% in FY22: Icra Jul 26, 2021 03:12 PM IST

    Auto component industry revenues to grow by 20-23% in FY22: Icra

    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.

  • Ideas For Profit | Subros: Proxy play on cars and CV demand recovery Jul 01, 2021 04:40 PM IST

    Ideas For Profit | Subros: Proxy play on cars and CV demand recovery

    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.

  • Toyota joins hands with ACMA to share best practices with auto component firms Jun 23, 2021 02:46 PM IST

    Toyota joins hands with ACMA to share best practices with auto component firms

    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.

  • Auto component suppliers to see 70% dip in operating profits in Q1 due to COVID restrictions: ICRA Jun 22, 2021 02:02 PM IST

    Auto component suppliers to see 70% dip in operating profits in Q1 due to COVID restrictions: ICRA

    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.

  • Exports go full throttle for auto component makers, but revenue needs a spark Jun 09, 2021 08:36 AM IST

    Exports go full throttle for auto component makers, but revenue needs a spark

    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

  • Bharat Forge looks beyond the auto upcycle at new growth levers Feb 17, 2021 10:20 AM IST

    Bharat Forge looks beyond the auto upcycle at new growth levers

    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

  • Indian auto component industry aims to cut dependence on Chinese imports: ACMA Jun 24, 2020 12:50 PM IST

    Indian auto component industry aims to cut dependence on Chinese imports: ACMA

    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.

  • Auto component industry turnover dips 10% in Apr-Sep; 1 lakh temp workers lose jobs Dec 06, 2019 03:20 PM IST

    Auto component industry turnover dips 10% in Apr-Sep; 1 lakh temp workers lose jobs

    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.

  • Lumax Industries – A game on LED adoption and attractive valuations Mar 01, 2019 07:43 AM IST

    Lumax Industries – A game on LED adoption and attractive valuations

  • US remains top auto component importer from India Aug 20, 2018 08:52 PM IST

    US remains top auto component importer from India

    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.

  • Passion to Win: The story of Vivek Chaand Sehgal Mar 10, 2017 08:11 PM IST

    Passion to Win: The story of Vivek Chaand Sehgal

    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.

  • Endurance Tech IPO subscribed 92 pc on Day 2 Oct 06, 2016 07:22 PM IST

    Endurance Tech IPO subscribed 92 pc on Day 2

    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.

  • Endurance Tech IPO subscribed 12 pc on Day 1 Oct 05, 2016 07:32 PM IST

    Endurance Tech IPO subscribed 12 pc on Day 1

    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.

  • Bosch to consider share buyback Jun 29, 2016 08:52 AM IST

    Bosch to consider share buyback

    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.

  • Bosch Q3 net doubles to Rs 221 crore Feb 05, 2016 03:34 PM IST

    Bosch Q3 net doubles to Rs 221 crore

    The company had posted a net profit of Rs 110.87 crore in the same period last fiscal, Bosch said in a BSE filing.

  • WABCO India Q2 net rises 54% to Rs 48.31 crore Nov 09, 2015 06:36 PM IST

    WABCO India Q2 net rises 54% to Rs 48.31 crore

    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.

  • JBM Auto Q2 net profit up 18% to Rs 18 cr Nov 05, 2015 05:00 PM IST

    JBM Auto Q2 net profit up 18% to Rs 18 cr

    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.

  • JBM Auto Q3 profit jumps 81.47% to Rs 14.79 cr Feb 14, 2014 08:03 PM IST

    JBM Auto Q3 profit jumps 81.47% to Rs 14.79 cr

    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.

  • Motherson Sumi Q1 profit jumps nine fold to Rs 73.2 cr Jul 31, 2013 04:22 PM IST

    Motherson Sumi Q1 profit jumps nine fold to Rs 73.2 cr

    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.

  • Deal with CIE a marriage made in heaven, says M&M's Luthra Jun 17, 2013 12:00 PM IST

    Deal with CIE a marriage made in heaven, says M&M's Luthra

    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.

  • Amtek Auto: Revenue to top $2bn post Neumayer Tekfor buy Mar 11, 2013 01:30 PM IST

    Amtek Auto: Revenue to top $2bn post Neumayer Tekfor buy

    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.

  • Bosch Bangalore plant workers go on strike Mar 08, 2013 03:24 PM IST

    Bosch Bangalore plant workers go on strike

    Auto component maker Bosch Ltd today said workers at its Bangalore plant have gone on a tool down strike from yesterday without prior notice.

  • Five reasons why 2013 will be tough for auto parts makers Jan 09, 2013 12:07 PM IST

    Five reasons why 2013 will be tough for auto parts makers

    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.

  • Sona Koyo aims at 12% operating margin in FY13 Aug 02, 2012 12:51 PM IST

    Sona Koyo aims at 12% operating margin in FY13

    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.

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