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PSA Signs Two JV Deals with Ck Birla to Manufacture Cars, Engines in India

Feb 13, 2017

The PSA Group and the CK Birla Group have sign joint-venture (JV) agreements to produce and sell vehicles and components in India by 2020. The ceremony of signature lays the foundation for a long term partnership between the two Groups ...

Tags: PSA Group, CK Birla Group

AMTEX-INDIAMART

Jul 8, 2016

AMTEX- Asian Machine Tool Exhibition is the leading machine tool expo in New Delhi, catering to the machine tool needs of production and consumption with primary focus on end user industries such as Automotive, Power & Electrical ...

Tags: Footprints

Gkn Offers Supercar Technology For Mass Plug-In Hybrid Market

Mar 22, 2016

European auto component maker Gkn has developed a new eAxle module, which is currently used in supercars, for C-segment plug-in hybrid vehicles. The module will enable the automakers to offer plug-in hybrid option in C-segment vehicles ...

Tags: Gkn, eAxle module, Hybrid market, Super technology

Omron Pleads Guilty In Automotive Component Bid Rigging Case, To Pay $4.6m Fine

Mar 22, 2016

Japanese Omron Automotive Electronics (OAE) has agreed to plead guilty and pay $4.6m fine for its involvement in rigging bids for power window switches in Honda Civics, the US department of justice (DoJ) said. The justice department said ...

Tags: OAE, Bid rigging case

South Korean Highlighting The Growing Importance Accorded to The Indian Market

May 20, 2015

South Korean automobile major Hyundai is considering a third factory in India, highlighting the growing importance accorded to the Indian market. Hyundai Motor Group's chairman Mong-Koo Chung who recently met Indian prime minister ...

Tags: Hyundai, automobile major, Indian market

Australian Withdrawn Its Plan to Cut $500m Funding to Domestic Auto Industry

Mar 12, 2015

Australian government has withdrawn its plan to cut $500m funding to domestic auto industry proposed under Automotive Transformation Scheme (ATS) scheme. The funding cuts were announced last year, but it failed to get Senate approval. ...

Tags: Auto Industry, auto manufacturing industry

India's Pricol Completes The Acquisition of Melling Do Brasil

Dec 16, 2014

India’s auto component manufacturer Pricol has acquired a Brazilian auto component firm Melling do Brasil through its wholly-owned Spanish subsidiary Pricol Espana. The company has informed BSE that its Board of Directors has ...

Tags: oil, water pumps, cold start valves, Auto

Sypris Announced The Expansion of Is Long-Term Supply Relationship

Dec 9, 2014

Auto component supplier Sypris Technologies has announced the expansion of is long-term supply relationship with US based auto component maker Meritor. The companies have signed an agreement under which Sypris Technologies will provide ...

Tags: Sypris Technologies, Auto

PSA Peugeot Citroen Lost a Third of The Land Allotted to It in Sanand

Jan 5, 2013

Business Standard reported that French carmaker,PSA Peugeot Citroen,has lost a third of the land allotted to it in Sanand.After waiting for over a year for payments,the Gujarat government recently sold around 200 acres of the 584 acres ...

Tags: Gujarat, Business Standard, a single payment

BS Reported That Copper Maker Sterlite Industries (India) Rose 5.37% to INR 112.80

Dec 13, 2012

BS reported that copper maker Sterlite Industries (India) rose 5.37% to INR 112.80. The stock topped the gainers in the BSE's A group. Metal shares were in demand as copper prices in London and Shanghai hit their highest in almost seven ...

Tags: metal shares, copper prices, copper contract, stock

Denso Is Planning to Start V2V Technology Tests in China

Dec 3, 2012

Japan-based auto component maker Denso has partnered with Tongji University (Shanghai), to start testing vehicle-to-vehicle and vehicle-to-infrastructure (V2X) technology on public roads in Taicang, Jiangsu Province, China from 22 March ...

Tags: auto component, Denso, V2X technology, ambulances and fire engines

Raymond Is Targeting a Five-Fold Growth in Its Engineering Division's Turnover

Sep 29, 2012

Gautam Singhania-led Rs. 4,200-crore textile giant Raymond Group is planning a major expansion in its engineering business. Raymond is targeting a five-fold growth in its engineering division's turnover to Rs. 3,000 crore from the current ...

Tags: market view, textile machine

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