Auto Components Maker

Samvardhan Motherson has suffered from a prolonged period of earnings downgrades. An improving global milieu along with recent acquisitions sets the stage for a possible reversal in fortunes

Lumax Auto ties up with Francisco Albero for oxygen sensors

The joint venture company named Lumax FAE Technologies will initially produce oxygen sensors for the two-wheelers and the production will start from early 2019.

Amtek Auto Q3 net loss widens to Rs 241.56 crore

Net sales during the period under review stood at Rs 438.40 crore as against Rs 824.69 crore in the year-ago quarter, the company said in a BSE filing.

Amtek Auto, 3 units agree to equity infusions by new investors

The plan also envisages a broader corporate restructuring involving the consolidation of the domestic business and the ongoing asset monetisation to support the proposed plan, it added.

IPO-bound Endurance focusing on margin, says cash flows strong

The company has a strong cash flow and does not need the money that would come from the IPO, said Anurang Jain, MD, Endurance Technologies.

GNA Axles IPO oversubscribed 2 times on Day 2

The IPO received bids for 90,80,680 shares against total issue size of 44,70,000 shares, data available with the NSE till 1800 hrs showed.

GNA Axles IPO oversubscribed 1.36 times

The IPO received bids for 60,60,390 shares against the total issue size of 44,70,000 shares, as per NSE's data till 1300 hrs.

Amtek Auto net loss widens to Rs 320 cr in April-June

Net sales of the company also declined to Rs 539.83 crore for the June quarter as against Rs 854.22 crore in the same period of previous fiscal, Amtek Auto said in a regulatory filing.

Bagla Grp, Fontana Gruppo tie-up for fastener biz in India

"The partnership with Fontana Gruppo would enable the fasteners business of Bagla Group to acquire necessary technological expertise, size and scale, to become the largest fasteners manufacturer in India," the company's chairman Rishi Kumar Bagla said.

Bosch opens new manufacturing plant in Karnataka

The plant, which has come up on an area of 38,000 sqm, would manufacture products for the diesel systems division.

Bharat Forge Q4 net profit rises 71% to Rs 203.18 crore

Total standalone income of the firm grew 32 percent to Rs 1,223.98 crore in January March quarter of last fiscal from Rs 930.52 crore in the same quarter of 2013-14, it added. For the 2014-15 fiscal, the USD 2.5 billion Kalyani Group firm's standalone net profit jumped 80 percent to Rs 718.98 crore from Rs 399.98 crore in 2013-14.

Ashok Minda group forms Joint Venture with US-based VAST

VAST is one of the global market leaders in the access systems business with annual sales of about USD 1.2 billion. Its member organisations, include WITTE Automotive, Germany; STRATTEC Security Corp US and ADAC Automotive, US. It has manufacturing facilities in Germany, Mexico, Czech Republic, US, China and Brazil.