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MG Motor India: Supplies resume from China but facing hurdles from Italy

“Our supplies and production were impacted in February because of the outbreak of coronavirus in China. In March, the situation started improving…Now we are more concerned about Italy… (But) We are still optimistic, because of our bookings, we will be able to meet our annual target,” said MG Motor India president Rajeev Chaba.

Kalyani Group contributes Rs 25 cr to PM-CARES to fight coronavirus pandemic

The group is also looking at using its R&D facilities to meet requirements of critical medical equipment such as ventilators, respiratory equipment and other sanitation/hygiene goods.

Coronavirus impact: MRF, Maxxis India suspend production till April 14

Similarly, Maxxis India said it has suspended manufacturing operations at its Sanand facility till April 14, 2020 in view of the lockdown to contain the pandemic.

Coronavirus: Minda Industries, Bharat Forge to stop manufacturing operations

Meanwhile, Bharat Forge in a filing to the BSE said, "the company has decided to suspend operations at all their offices and manufacturing locations in India with effect from March 23, 2020 to March 31, 2020, to ensure employee safety and contain the spread of COVID-19.

GP Petroleums Ltd to invest Rs 100 cr in Gujarat

The plant would process over 300,000 kilo litres of lubricants, thus enabling the company to be present across the entire gamut of Indian lubes market. This will be GPPL’s second blending plant in India. Apart from the home grown IPOL brand, the plant may blend REPSOL branded automotive products as well, the company said in a statement.

Auto component maker NEIL investing Rs 100 crore to expand product portfolio

The company has an ongoing overall capex plan of Rs 330 crore in three years and the investment in needle roller segment will be a part of it. Needle bearings are smaller than general bearings and have greater load carrying capacity. This allows compact designs and these items are useful for applications which require smaller inertial force such as in an engine crankshaft.

TVS Group auto parts maker sets up unit in Sri City

Sundram Fasteners has invested Rs 100 crore in the facility, which exported its first order to Germany to a European manufacturer– supplying to marquee OEMs– on Tuesday.

Pricol announces non-working days across facilities in October

The Tamil Nadu based company had announced non-working days for eight out of its 10 plants in the country last month.

Auto component companies put $2 billion investments on hold

The Indian auto component industry contributes 2.3% to the GDP and employs about 5 million people.

Auto parts firms diversify amid electric vehicle, BS-VI changes

Entry Point Aluminium forging, light-weighting technology are new ancillaries to EV manufacturers.

Wheels India bets on LCV segment, exports amid demand slowdown

Wheels India bets on LCV segment, exports amid demand slowdown

“The company has also been investing in the modernisation of its plants and expects this to yield results in the future,” Wheels India said in a release.

Auto component industry fears loss of 10 lakh jobs due to prolonged slowdown

Auto component industry fears loss of 10 lakh jobs due to prolonged slowdown

The auto industry is seeking a reduction in GST rate to a uniform level of 18% in a bid to help save jobs.

Auto components maker Bosch announces five no-production days

Auto components maker Bosch announces five no-production days

On Monday, Bosch’s stock lost 0.15% to close at Rs 15,140.95 per share on the NSE.

MSL becomes subsidiary of Bajaj Holdings and Investment

MSL becomes subsidiary of Bajaj Holdings and Investment

MSL at present manufactures pressure die casting dies, jigs and fixtures, primarily meant for two and three - wheeler industry.

CAIT for lowering GST rates on auto parts, aluminium utensils

CAIT for lowering GST rates on auto parts, aluminium utensils

Confederation of All India Traders (CAIT) also suggested to review items placed under different tax slabs under GST as many of the products are overlapping.

Auto component industry seeks stable road map for electric vehicle transition

Auto component industry seeks stable road map for electric vehicle transition

Earlier this week, auto industry body SIAM had asked the government should follow a well laid out road map and a practical time frame for rollout of electric vehicles.

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