Search result for 'auto components'

Gabriel India Acquires Marelli Motherson Assets for Rs 60 cr

January 25, 2025 11:31

Gabriel India acquires assets from Marelli Motherson Auto Suspension Parts for Rs 60 crore, boosting its suspension business and expanding its product portfolio. The acquisition includes...

SBI Mutual Fund Invests in Happy Forgings

January 24, 2025 21:38

SBI Mutual Fund increased its stake in auto components maker Happy Forgings by 3.8% through an open market transaction, investing Rs 341 crore. Read more.

ZF Launches Digital Fleet Management Platform in India

January 21, 2025 14:38

ZF introduces SCALAR, a digital fleet management platform in India, designed to optimize operations, enhance efficiency, safety, and sustainability for commercial fleets.

India EV Sales Hit 14.08 Lakh in 2024: Kumaraswamy

January 18, 2025 13:35

India's electric vehicle sales surged to 14.08 lakh units in 2024, achieving a 5.59% market penetration, driven by government incentives and industry innovation.

India's Auto Industry Urged to Reduce Import Dependency

January 17, 2025 17:31

Commerce Minister Piyush Goyal calls on India's auto component industry to manufacture machines, reduce reliance on imports, and focus on electric vehicle components.

Carlyle Acquires 68.9% Stake in Roop Automotives: CCI Approval

January 7, 2025 20:22

US-based investment firm Carlyle gets CCI approval to acquire a 68.9% stake in Indian auto component manufacturer Roop Automotives Ltd. The deal involves inter-connected steps including securities...

Rane & ZF Partner for Electric Power Steering in India

January 6, 2025 17:43

Rane and ZF announce collaboration to introduce rack drive and column drive electric power steering technologies for the Indian automotive market.

Govt Approves Rs 246 Cr PLI Incentive for M''M, Tata Motors

January 2, 2025 15:03

India's Ministry of Heavy Industries approved Rs 246 crore PLI incentive claims from Mahindra ''M and Tata Motors for their electric vehicle production. The scheme aims to boost India's...

Indian Exporters Seek Funds to Target US Amid China Trade Tensions

December 26, 2024 15:17

Indian exporters seek Rs 750 crore to tap into US export potential amid tariff threats on Chinese goods. They also seek extension of Interest Equalisation Scheme and tax benefits.

Bharat Mobility Expo 2025: 3x Footfalls Expected

December 19, 2024 18:35

Bharat Mobility Global Expo 2025 in New Delhi, Dwarka, and Greater Noida expects over 500,000 visitors and 1,500 exhibitors, showcasing latest advancements in mobility.

Chinese Auto Firms Skip Bharat Mobility Show 2025

December 12, 2024 19:14

Chinese auto component makers are likely to skip the Bharat Mobility Show in January 2025. The event will feature over 50 countries and 35 vehicle makers.

Auto Component Industry Grows 11% to Rs 3.32 Lakh Cr in H1 FY24-25: ACMA

December 12, 2024 16:28

India's auto component industry witnessed an 11% growth in the first half of FY24-25, reaching Rs 3.32 lakh crore, driven by strong domestic sales and steady exports. Read more.

Bharat Forge Raises Rs 1,650 Cr via QIP

December 10, 2024 12:54

Bharat Forge Ltd has raised Rs 1,650 crore through a qualified institutional placement (QIP), the company announced. The issue was priced at Rs 1,320 per share and saw strong demand from domestic...

Samvardhana Motherson Acquires 95% Stake in Atsumitec for USD 57 Million

December 6, 2024 14:59

Samvardhana Motherson International will acquire a 95% stake in Japan-based Atsumitec for USD 57 million. The acquisition will expand the company's global reach and strengthen its position in the...

Pricol Acquires Sundaram Auto Components' Injection Moulding Biz - Rs 215 Crore Deal

December 2, 2024 17:51

Pricol to acquire Sundaram Auto Components' injection moulding business for Rs 215 crore, boosting its topline by Rs 730 crore. The acquisition is a debt-free all-cash deal and subject to adjustments.

ZF Group Sells Stake in Indian Subsidiary for Rs 1,022 Crore

November 27, 2024 20:03

ZF Group sold a 4.32% stake in its Indian subsidiary, ZF Commercial Vehicles Control System (CVCS) India, for Rs 1,022 crore to increase financial flexibility for growth.

Lumax Auto Invests in Greenfuel's Alternate Fuels Biz

November 26, 2024 17:39

Lumax Auto Technologies acquires a 60% stake in Greenfuel Energy Solutions' alternate fuels business for Rs 153 crore, marking its entry into the growing green fuels segment.

Belrise Industries Files for Rs 2,150 Crore IPO - Auto Component Maker

November 21, 2024 12:55

Belrise Industries, an Indian automotive component maker, has filed for an IPO to raise Rs 2,150 crore. The company plans to use the proceeds to pay down debt. Belrise supplies components to major...

Kinetic Engineering Appoints Ajinkya Firodia as Vice Chairman

November 15, 2024 14:36

Kinetic Engineering Ltd has elevated its Managing Director, Ajinkya Firodia, to the position of Vice Chairman, signaling a commitment to growth and innovation in the Indian automotive sector.

PM E-DRIVE: Govt Starts Consultation on E-Truck Adoption

November 14, 2024 19:53

India's Heavy Industries Ministry launches consultations on the PM E-DRIVE scheme, aiming to accelerate e-truck adoption with a Rs 500 crore subsidy outlay. The initiative brings together...

Bharat Forge Q2 Profit Rises 13% to Rs 243 Crore

November 14, 2024 14:56

Bharat Forge's net profit jumped 13% to Rs 243 crore in Q2 FY25, driven by strong performance in the auto component sector. Revenue was Rs 3,688 crore.

SKF India Q2 Profit Up 5% to Rs 94.32 cr

November 13, 2024 19:17

SKF India's standalone profit after tax rose 5% to Rs 94.32 crore in Q2 FY25, driven by revenue growth. The company's revenue from operations increased to Rs 1,244.23 crore.

Samvardhana Motherson Q2 Profit Soars to Rs 949 Cr

November 12, 2024 19:08

Samvardhana Motherson International Ltd reported a multi-fold increase in consolidated net profit at Rs 948.81 crore in the September quarter, driven by strong revenue growth.

Uno Minda Q2 PAT Rises 11% to Rs 266 Cr

November 12, 2024 18:25

Uno Minda Ltd's Q2 PAT jumped 11% to Rs 266.1 crore, driven by strong revenue growth across segments including lighting, switches, and sensors. The company's revenue grew 18% to Rs 4,244.79 crore...

Bosch Q2 Net Profit Down 46% to Rs 536 cr | Revenue at Rs 4,394 cr

November 12, 2024 17:48

Bosch reports a 46% decline in net profit to Rs 536 crore in Q2 FY25, while revenue rose to Rs 4,394 crore. The company cites macroeconomic factors and unpredictable rainfall for the decline.

Auto Expo 2025: Bharat Mobility Global Expo - Jan 17-22

November 6, 2024 22:23

India's Auto Expo becomes part of Bharat Mobility, a larger platform showcasing the country's mobility sector. The 6-day event, held Jan 17-22, 2025, will feature over 50 countries and 35 vehicle...

Auto Expo 2025: Bharat Mobility Global Expo in Delhi

November 6, 2024 22:01

The Auto Expo 2025 will be held as part of Bharat Mobility, a government initiative bringing all mobility-related trade shows under one platform in Delhi. Expect a six-day event from January 17-22,...

Rubicon, Sai Life Sciences Get Sebi Nod for IPOs

November 6, 2024 13:09

Rubicon Research, Sai Life Sciences, Sanathan Textiles, and Metalman Auto receive Sebi approval to raise over Rs 3,000 crore through IPOs.

ASK Automotive Q2 Net Profit Up 63% to Rs 67 Crore

October 29, 2024 17:51

ASK Automotive, India's largest brake shoe manufacturer, reported a 63% rise in net profit for Q2 FY25, driven by strong revenue and EBITDA growth. The company's Karoli plant is ramping up...

Sona BLW Precision Forgings Q2 PAT Up 16% to Rs 143.57 cr

October 23, 2024 19:14

Sona BLW Precision Forgings reports 16% YoY growth in consolidated PAT at Rs 143.57 crore for Q2 FY25. Revenue from operations also increased 17%.

Rising Rajasthan Roadshow Attracts UK Investments

October 18, 2024 14:49

CM Bhajanlal Sharma leads a roadshow in the UK to attract investments in Rajasthan, highlighting the state's potential for growth in renewable energy, infrastructure and manufacturing.

Kinetic Engineering Invests Rs 30 Cr in EV Subsidiary

October 13, 2024 16:10

Kinetic Engineering will invest Rs 30 crore in its subsidiary Kinetic Watts and Volts to expand research, development, and manufacturing capabilities in the electric vehicle sector.

Viney Corporation Files IPO Papers with Sebi: Auto Component Maker Aims to Raise Rs 150 Crore

October 1, 2024 13:19

Auto component maker Viney Corporation has filed IPO papers with Sebi, seeking to raise Rs 150 crore through a combination of fresh issue and offer for sale. The IPO will be managed by ICICI...

India Should Not Seek GSP Benefits from US: GTRI

September 30, 2024 17:43

GTRI suggests India should not push for GSP benefits reinstatement from the US as the gains are marginal and focus on broader trade discussions. The think tank believes India should prioritize a...

Rajasthan Investment Summit: Rs 12.5 Lakh Cr MoUs Signed

September 30, 2024 16:17

Rajasthan's 'Rising Rajasthan' investor summit in December has already attracted Rs 12.5 lakh crore in investment agreements, with roadshows in Mumbai and Delhi yielding significant results. CM...

Yash Munot Elected President of Association of Indian Forging Industry

September 19, 2024 16:32

The Association of Indian Forging Industry (AIFI) has elected Yash Munot as its President and S Ravishankar as Vice President for the 2024-2026 term.

Uno Minda Invests Rs 610 Cr in Indonesia Plant & India Expansion

September 19, 2024 14:32

Uno Minda announces over Rs 610 crore investments for a new plant in Indonesia and capacity expansion in India. The move caters to growing demand for passenger car components in both markets.

Samvardhana Motherson Acquires Stake in REE Automotive

September 16, 2024 12:10

Samvardhana Motherson International Ltd will acquire an 11% stake in Israeli automotive technology company REE Automotive Ltd for USD 15 million. The investment will see SAMIL enter into a supply...

India Fine-Tunes FTAs for Domestic Industry: Prasada

September 9, 2024 17:14

India is revising FTAs with South Korea, Malaysia, and ASEAN countries to benefit domestic industries, says Union Minister Jitin Prasada. He also emphasizes R&D investment and boosting exports.

India's Auto Component Industry: Goyal Urges Boost in Production, Exports

September 9, 2024 17:03

Piyush Goyal calls on Indian auto component makers to reduce reliance on imports, boost local production, and target $100 billion in exports by 2030.

Maruti Suzuki: Local Electronics Ecosystem Crucial for Automotive Industry

September 9, 2024 14:14

Maruti Suzuki CEO stresses the need for a robust local electronics ecosystem in India to reduce reliance on imports, drive affordability, and enhance competitiveness in the automotive sector.

Indian Auto Industry Crosses Rs 20 Lakh Cr, Contributes 14-15% GST

September 9, 2024 11:46

India's auto industry surpassed Rs 20 lakh crore in FY24, contributing 14-15% to total GST. SIAM President highlights industry's growth and future plans.

Minda Corp Partners with Sanco for EV Market Expansion

September 4, 2024 12:53

Minda Corporation has signed a technology licensing agreement with China's Sanco Connecting Technology to offer electrical distribution systems for the EV market, aiming to strengthen its presence...

Sundram Fasteners Promoter Sells 1.57% Stake for Rs 434 Cr

August 13, 2024 20:24

TVS Sundram Fasteners has sold a 1.57% stake in Sundram Fasteners for Rs 434 crore via an open market transaction. SBI Mutual Fund and Nippon India MF increased their stakes in the company.

Metalman Auto Files IPO Papers: Rs 350 Crore Issue

August 13, 2024 18:12

Metalman Auto, an auto components maker, has filed IPO papers with Sebi, aiming to raise Rs 350 crore through a fresh issue and offer for sale (OFS). The funds will be used for capital expenditure,...

Samvardhana Motherson Q1 Profit Soars 69.3% to Rs 1,097.18 Cr

August 13, 2024 16:37

Samvardhana Motherson International Ltd reported a 69.3% jump in consolidated net profit to Rs 1,097.18 crore in Q1 FY25, driven by strong revenue growth. Read more.

Automation Boosts Women's Roles in Manufacturing

August 12, 2024 13:14

Automation in manufacturing is driving increased recruitment of women, creating more inclusive workplaces and addressing gender imbalance in traditionally male-dominated sectors.

Uno Minda Q1 Profit Up 17% to Rs 210.8 cr - Business News

August 7, 2024 15:29

Uno Minda reported a 17% rise in consolidated profit after tax to Rs 210.8 crore in Q1 FY24, driven by strong performance across product segments. Read more.

Bosch Q1 Profit Up 14% to Rs 466 Cr | Auto Components Maker

August 6, 2024 20:37

Bosch's consolidated profit after tax increased by 14% to Rs 466 crore in Q1 FY24, driven by growth in the passenger car segment. Total income rose to Rs 4,496 crore.

Motherson Sumi Wiring Q1 Profit Jumps 21% to Rs 149 Cr

August 5, 2024 17:56

Motherson Sumi Wiring India Ltd reported a 21% rise in net profit to Rs 148.87 crore for the June quarter, driven by strong revenue growth. Read more.

Uno Minda Partners with Aisin for Sunroof Manufacturing

August 1, 2024 14:57

Uno Minda signs a tech license agreement with Aisin Corporation to manufacture and sell vehicle sunroofs in India, aiming to capture the growing sunroof market.

Madras Chamber of Commerce Elects Ramkumar Shankar President

July 30, 2024 15:35

Ramkumar Shankar, Managing Director of Chemplast-Sanmar Ltd, has been elected as the President of The Madras Chamber of Commerce and Industry for 2024-26.

India's Trade Deficit with China Narrowing: Goyal

July 26, 2024 15:46

India's trade deficit with China, while still high, has been narrowing in recent years. Commerce Minister Goyal highlights government initiatives to reduce dependency on imports from China.

Auto Component Industry Turnover Up 10% in FY24: ACMA

July 25, 2024 16:50

India's auto component industry grew by 9.8% to Rs 6.14 lakh crore in FY24, driven by domestic and export growth, as per ACMA. The industry saw a trade surplus of USD 300 million.

Customs Duty Exemption on Lithium, Cobalt to Boost EV Sector

July 23, 2024 16:52

India's Union Budget 2024-25 proposes customs duty exemption on lithium, cobalt, and other minerals, aiming to lower EV battery production costs and make electric vehicles more affordable.

PLI Scheme for Auto Sector Attracts Rs 67,690 Cr Investment: Eco Survey

July 22, 2024 13:05

India's Production Linked Incentive (PLI) scheme for the auto sector has attracted investment proposals worth Rs 67,690 crore, as per the Economic Survey 2023-24. The scheme aims to boost domestic...

Auto Component Industry Growth Forecast: ICRA

July 11, 2024 14:34

ICRA projects moderate growth for the Indian auto component industry in FY2025, despite challenges from the Red Sea crisis and higher container rates. Learn more about the industry's outlook and...

SAMIL Raises USD 350 Million Through Note Issuance

July 5, 2024 14:22

Samvardhana Motherson International Ltd (SAMIL) raised USD 350 million through note issuance, oversubscribed six times. The funds will be used to repay existing debt.

ACMA Budget Wishlist: Incentives for EV & Auto Component Sector

June 24, 2024 17:37

ACMA urges government to incentivize capex, rationalize GST rates on EVs and components, and increase depreciation rates in the upcoming Budget 2024-25.

India Storage Alliance Calls for GST Cut on Batteries, Charging Infra

June 24, 2024 17:33

India Energy Storage Alliance (IESA) has urged the government to lower GST on batteries, charging infrastructure, and battery swapping. The group also suggested expanding PLI schemes for battery...

Two entities exit Sansera Engg; sell 11.66 pc stake for Rs 750 crore

June 19, 2024 20:14

Two entities, Client Ebene and CVCIGP II Employee Ebene, sold their entire 11.66% stake in Sansera Engineering for Rs 750 crore through block deals on NSE.

German auto component supplier ZF Group sells 7.5 pc stake in its Indian subsidiary

June 19, 2024 14:32

German auto component supplier ZF Group has sold a 7.5% stake in its Indian subsidiary ZF CVCS India to increase liquidity and financial flexibility for growth.

Minda Corp & HSIN Chong JV for Sunroof Production in India

June 14, 2024 16:38

Minda Corporation partners with Taiwan's HSIN Chong to manufacture sunroofs for passenger vehicles in India, aiming to localize production and cater to the growing market.

Seino Holdings Enters India Logistics Market with Mahindra JV

May 30, 2024 17:21

Seino Holdings and Mahindra Logistics form a joint venture to provide comprehensive logistics solutions to Japanese automotive and non-auto customers in India, aiming for a Rs 1,000 crore business...

Samvardhana Motherson Q4 Profit Surges 2-fold to Rs 1,444 cr

May 29, 2024 17:32

Samvardhana Motherson International Ltd reported a strong Q4 FY24, with net profit doubling to Rs 1,444 crore. Revenue also saw significant growth, driven by robust performance across automotive...

Bosch Q4 Profit Surges 41% to Rs 564 Cr - Auto Components Maker

May 24, 2024 18:56

Bosch India's net profit for Q4 FY24 soared by 41% to Rs 564 crore, driven by strong demand in passenger cars and consumer goods. Total income also rose to Rs 4,459 crore.

Sundram Fasteners Q4 Profit Soars to Rs 134.41 Crore

May 24, 2024 09:46

Sundram Fasteners Ltd reported its highest ever consolidated net profit for the March 2024 quarter at Rs 134.41 crore, driven by strong operational performance.

Minda Corp Q4 Net Profit Jumps 27% to Rs 71 Crore

May 22, 2024 18:17

Minda Corporation's Q4 net profit rose 27% to Rs 71 crore, driven by increased revenue and a focus on premiumization and innovation. The company also announced a final dividend of 45%.

Motherson Sumi Wiring India Q4 Profit Up 38% to Rs 191.44 cr

May 16, 2024 16:27

Motherson Sumi Wiring India Ltd reported a 38.3% rise in net profit to Rs 191.44 crore in Q4 FY24. Revenue also grew, with the company maintaining a debt-free status.

Pricol Reports Q4 Profit at Rs 41.50 cr | Auto Component Manufacturer

May 16, 2024 16:25

Pricol Ltd announced a consolidated profit after tax of Rs 41.50 crore for the January-March 2024 quarter, marking a significant increase from the previous year. Read more about the company's...

Bharat Forge Shares Surge 16% After Q4 Earnings

May 8, 2024 16:47

Bharat Forge Ltd shares soared 16% on Wednesday after the company reported a 77.8% rise in consolidated net profit for the fourth quarter ended March 31, 2024.

Bharat Forge Q4 Profit Surges 77% to Rs 227.12 Crore

May 8, 2024 13:40

Bharat Forge reported a 77.8% rise in consolidated net profit to Rs 227.12 crore in Q4 FY24, driven by higher sales. Revenue also grew significantly year-on-year.

Emmforce Autotech IPO Oversubscribed 365 Times

April 25, 2024 20:29

Emmforce Autotech's IPO received an overwhelming response, with a 365 times subscription on the final day. The IPO raised Rs 53.90 crore, with strong interest from all investor categories.

ASK Automotive & AISIN JV for Passenger Car Parts

April 24, 2024 19:56

ASK Automotive and AISIN Group have formed a joint venture to market and sell auto components for passenger cars in India, Nepal, Sri Lanka, and Bangladesh.

India-UAE Trade to Exceed $100 Billion by 2030: CEPA Council Director

April 24, 2024 16:08

India and UAE trade is on track to surpass $100 billion in non-oil trade by 2030, boosted by the Comprehensive Economic Partnership Agreement (CEPA), according to CEPA Council Director Ahmed...

Emmforce Autotech Raises Rs 15 Cr in IPO Anchor Investment

April 22, 2024 19:04

Emmforce Autotech, an auto components maker, raised Rs 15.34 crore from anchor investors ahead of its IPO launch. The company will use the funds for expansion and working capital.

Pavna Industries Enters EV Market, Supplies to Ola Electric

April 22, 2024 17:04

Pavna Industries has entered the Indian EV market, signing an agreement with Ola Electric to supply auto components like ignition switches and latches.

Sona Comstar Opens New Plant in Mexico for EV Parts

April 22, 2024 15:10

Sona Comstar commissions a new plant in Mexico to meet growing demand for driveline solutions for Battery Electric Vehicles (BEVs) in North America.

Emmforce AutoTech IPO Opens April 23: Rs 54 Cr, Rs 93-98/Share

April 19, 2024 15:42

Emmforce AutoTech Ltd's Rs 54 crore IPO opens on April 23. The price band is set at Rs 93-98/share. The IPO will be listed on the BSE SME platform.

Ramkrishna Forgings Wins US EV Component Order | Tesla?

April 18, 2024 16:04

Ramkrishna Forgings has secured an order to supply forged auto components to a US-based EV maker, reportedly Tesla, marking its entry into the US electric vehicle market.

India Offers Diversified Investment Opportunities: Srini Sriniwasan

April 16, 2024 09:48

Srini Sriniwasan, Managing Director of Kotak Alternate Asset Managers, highlights India's strong growth prospects and diversified investment opportunities, citing digital infrastructure and...

Amit Kalyani Promoted to Vice-Chairman & Jt MD of Bharat Forge

April 3, 2024 17:27

Amit Kalyani, son of Bharat Forge Chairman Babasaheb Kalyani, has been elevated to Vice-Chairman and Joint Managing Director, effective May 11, 2024.

Auto PLI Scheme: Panel to Review Incentive Payouts, Component Inclusion

March 4, 2024 18:09

A government panel will examine automakers' requests for quarterly PLI incentives and the inclusion of more components under the scheme.

Ola Electric Receives PLI Automotive Certificate

March 4, 2024 18:03

Ola Electric Technologies has been awarded the PLI-Automotive Certificate by ICAT, allowing them to avail incentives under the PLI scheme for their Ola S1 Pro Gen2 electric scooter.

Karnataka-Japan Trade Relations: Minister Highlights Collaboration

February 23, 2024 21:37

Karnataka Minister highlights the state's intention to strengthen collaboration with Japan in auto & auto components, engineering & machine tools, chemicals, innovation and R&D sectors.

Sona Comstar Gets Auto PLI Certification

February 22, 2024 21:31

Sona Comstar has received certification under the auto Production Linked Incentive (PLI) scheme for its hub wheel drive motor for electric two-wheelers.

CCI Approves Minda's Stake Purchase in Pricol

February 20, 2024 19:06

The Competition Commission of India (CCI) has approved Minda Corporation's acquisition of up to 8.79% stake in Pricol, a leading automotive components manufacturer.

Bosch Q3 Profit Soars 62% to Rs 518 Crore | Business News

February 13, 2024 17:00

Bosch India's Q3 net profit surged 62% to Rs 518 crore, driven by strong sales. Revenue also climbed to Rs 4,205 crore. Learn more about Bosch's financial performance.

Auto Component Industry Growth to Moderate in FY25: Report

February 13, 2024 16:50

Icra forecasts auto component industry revenue growth to slow to 5-7% in FY25 due to moderated domestic volumes and weak exports. Capex is expected to remain high, driven by EV components, new...

Bharat Forge Q3 Profit Up 31% to Rs 378 Cr - Business News

February 12, 2024 17:15

Bharat Forge reported a 31% increase in Q3 profit to Rs 378 crore, driven by revenue growth. The company expects growth momentum to moderate in Q4 and FY25.

JSW Group Invests Rs 40,000 Cr in Odisha EV Facility

February 10, 2024 16:22

JSW Group partners with Odisha government to build a Rs 40,000 crore integrated EV manufacturing facility, creating 11,000 jobs and boosting India's EV sector.

JSW Group Invests Rs 40,000 Cr in Odisha EV Facility

February 10, 2024 15:28

JSW Group partners with Odisha government to set up an integrated EV manufacturing facility, marking its entry into the auto sector and creating over 11,000 jobs. The project includes a battery...

JSW Group to Invest Rs 40,000 Crore in Odisha EV Project

February 10, 2024 14:28

JSW Group has signed an MoU with Odisha to set up a Rs 40,000 crore integrated EV and EV battery manufacturing project, creating over 10,000 jobs.

Rane Group Merges Arms into Rane (Madras) Ltd

February 9, 2024 19:13

Rane Group merges Rane Brake Lining Ltd and Rane Engine Valve Ltd into Rane (Madras) Ltd, creating an entity with a combined turnover of over Rs 3,370 crore.

India Seeks Market Access for Steel, Rice, Shrimp from S. Korea

February 4, 2024 14:55

India seeks greater market access for steel, rice, and shrimp from South Korea to boost exports, as part of the ongoing negotiations to upgrade the existing free trade agreement.

PM to Inaugurate Bharat Tex 2024: World's Biggest Textile Expo

February 3, 2024 21:04

Prime Minister Narendra Modi will inaugurate Bharat Tex 2024, a four-day textile exhibition showcasing India's capabilities as a reliable supplier. The event will be held from February 26-29 at...

India to Become 3rd Largest Economy by 2029: Modi

February 2, 2024 21:04

Prime Minister Modi declares India will become the world's 3rd largest economy in his government's third term. He highlights the growth of the mobility sector and plans for infrastructure development.

Truck Driver Facilities on Highways: PM Modi's Announcement

February 2, 2024 20:30

PM Modi announces a new scheme to build 1,000 modern facilities for truck drivers on highways, offering rest, toilets, and drinking water. The initiative aims to improve driver safety and ease of...

PLI Schemes Get Boost in 2024-25 Budget: Electronics, Auto & Pharma Key Beneficiaries

February 1, 2024 20:24

India's 2024-25 budget significantly increases funding for PLI schemes in key sectors like electronics, auto, and pharma. This aims to attract investments and boost manufacturing.

Auto Sector PLI Budget Boosted to Rs 3,500 Crore - FY25

February 1, 2024 18:49

India's interim budget allocates Rs 3,500 crore for the auto sector's PLI scheme in FY25, a significant increase from the previous year. The scheme aims to boost manufacturing of advanced...

Raymond Q3 Profit Doubles to Rs 185 cr | Strong Growth in Apparel, Real Estate

February 1, 2024 17:36

Raymond's consolidated net profit in Q3 FY24 almost doubled to Rs 185.39 crore, driven by strong growth in real estate and branded apparel businesses.

Motherson Sumi Wiring India Profit Jumps 58% in Dec Quarter

January 31, 2024 16:50

Motherson Sumi Wiring India reported a 58.12% increase in profit after tax to Rs 167.86 crore in the December quarter, driven by strong sales.

India Shouldn't Cut Auto Tariffs in FTAs: GTRI

January 31, 2024 12:15

GTRI warns India against reducing import duties for the auto sector in free trade agreements, arguing it could harm domestic companies and lead to closures.

Modi to Address Auto Sector Players at Bharat Mobility Expo

January 30, 2024 21:17

Prime Minister Narendra Modi will address participants of the Bharat Mobility global exhibition on February 2, showcasing India's strengths in the auto sector.

Modi to Address Auto Sector at Bharat Mobility Expo

January 30, 2024 19:22

Prime Minister Narendra Modi will address participants at the Bharat Mobility global exhibition on February 2, showcasing India's strengths in the auto sector and highlighting cutting-edge...

Mahindra Logistics Profit Down 26% in Q3 FY24

January 29, 2024 20:18

Mahindra Logistics reported a 26% decline in standalone profit to Rs 12.5 crore in Q3 FY24, despite revenue growth. The company attributed the decline to moderate demand and capacity consolidation.

Mahindra Logistics Expands Warehousing in Nashik

January 29, 2024 20:07

Mahindra Logistics expands its warehousing capacity in Nashik with a new 3 lakh sq ft facility, enhancing its pan-India network and offering logistics solutions for auto, engineering, and consumer...

Auto Component Aftermarket to Reach $14 Billion by 2028: ACMA Study

January 29, 2024 16:52

India's auto component aftermarket is projected to grow to USD 14 billion by 2028, driven by a surge in vehicle parc and export opportunities. Learn more about the report findings.

Rane Group Q3 Net Profit Down 66.3% to Rs 11.2 Cr

January 25, 2024 21:33

Rane (Madras) reported a 66.3% decline in Q3 net profit to Rs 11.2 crore, impacted by weak demand in farm tractor and steering products segments.

Punjab CM Seeks Foreign Investment: UK, Australia & More

January 17, 2024 21:25

Punjab Chief Minister Bhagwant Mann met envoys from UK, Australia, and other countries, urging them to invest in the state's agriculture, education, and sports sectors.

Ola Electric Receives PLI Certification for Domestic Value Addition

January 17, 2024 17:48

Ola Electric has received a domestic value addition certificate under India's auto PLI scheme, becoming the first Indian two-wheeler company to achieve this milestone. This certification recognizes...

Auto PLI Scheme Expanded: Govt Forms Panel to Review Components

January 17, 2024 10:42

India's government has formed a committee to assess the inclusion of more components in the Auto PLI scheme, extending its duration to 5 years and attracting significant investment.

Auto PLI Scheme: Govt Forms Panel to Review Component Inclusion

January 16, 2024 22:28

India's government has formed a committee to assess demands for including more components in the auto PLI scheme, aiming to support the industry's growth and technological advancements.

ANAND Group Invests Rs 987 Crore in Tamil Nadu for EV Tech

January 15, 2024 13:56

ANAND Group commits Rs 987 crore investment in Tamil Nadu to manufacture latest technology products for electric and conventional vehicles. The investment will be made by ANAND Group and its joint...

Karnataka Invites Japan to Invest in EV Sector

January 10, 2024 19:31

Karnataka Minister M B Patil invites Japanese delegation to invest in the EV sector, highlighting the state's new clean mobility policy and its position as a global manufacturing hub.

Karnataka Invites Japanese Investment in EV Sector

January 10, 2024 19:03

Karnataka Minister M B Patil invites Japanese delegation to invest in the state's EV sector, highlighting its potential as a global manufacturing hub.

Bharat Forge Invests Rs 1,000 Cr in Tamil Nadu

January 9, 2024 15:34

Bharat Forge will invest Rs 1,000 crore in Tamil Nadu over five years to expand its manufacturing operations. The investment is part of the Tamil Nadu Global Investors Meet 2024.

UK Seeks Auto Sector Access in India FTA

January 5, 2024 20:56

The UK aims for a larger share of India's auto market under a proposed FTA. Commerce Secretary Barthwal highlights India's growing role in auto manufacturing, including EVs. The Bharat Mobility...

India EV Sales to Reach 27.2 Million by 2032: Report

January 5, 2024 17:57

A report forecasts India's electric vehicle (EV) sales to grow at a CAGR of 35%, reaching 27.2 million units by 2032, driven by government incentives and a supportive ecosystem.

PLI Scheme for Auto Sector Extended by a Year

January 1, 2024 21:10

The Indian government has extended the Production Linked Incentive (PLI) Scheme for the Automobile and Auto Components sector by one year, with partial amendments to the scheme.

India Export Outlook 2024: Demand Uptick & Easing Inflation

December 31, 2023 11:15

India's exports are expected to exceed USD 900 billion in 2024, driven by easing inflation in developed markets, a pick up in global demand, and new trade initiatives.

Tamil Nadu to Boost EV Infrastructure: Charging Stations on Highways

December 30, 2023 13:26

Tamil Nadu government is planning to set up charging stations along highways to support the growth of the EV sector. The state is also encouraging EV manufacturers to invest in charging...

Tamil Nadu to Boost EV Infrastructure: Charging Stations on Highways

December 30, 2023 11:42

Tamil Nadu government plans to establish charging stations along highways to promote EV adoption, with discussions underway with TANGEDCO. The state aims to become a leading EV manufacturing hub...

India Targets $500 Billion Exports by 2030: Govt Focus on 10 Sectors

December 28, 2023 22:33

India aims to boost domestic manufacturing and increase exports to USD 500 billion by 2030 from 10 key sectors including auto, pharma, textiles, medical devices, and chemicals.

Happy Forgings Stock Soars 21% on Debut

December 27, 2023 16:37

Happy Forgings Ltd stock closed over 21% higher than its issue price on its debut trade, reflecting strong investor demand. The company's IPO was oversubscribed 82 times.

Happy Forgings Shares Surge 18% on Debut

December 27, 2023 10:57

Happy Forgings Ltd shares opened at a premium of nearly 18% on the BSE, driven by strong demand from institutional investors. The IPO was oversubscribed 82 times.

DPIIT Promotes Manufacturing, Exports ''Import Substitution in 24 Sub-Sectors

December 26, 2023 13:07

DPIIT is collaborating with 24 sub-sectors to boost domestic manufacturing, exports, and reduce imports. Key areas include furniture, aluminum, agrochemicals, and textiles.

FDI Inflows to Rise in 2024: India Remains Preferred Investment Destination

December 24, 2023 11:25

India's FDI is expected to increase in 2024, driven by strong macroeconomic indicators, PLI schemes, and a favorable business environment. Despite global challenges, India remains a top destination...

Indian Automakers Expect Moderate Sales in 2024, Focus on EVs

December 24, 2023 11:22

Indian automakers anticipate moderate sales growth in 2024 after a record-breaking 2023, with a focus on expanding electric vehicle offerings and infrastructure. Read more.

Happy Forgings IPO Oversubscribed 82 Times

December 21, 2023 19:05

Happy Forgings IPO, an auto component maker, was oversubscribed 82 times on the last day of bidding, driven by strong demand from institutional buyers. Learn more about the IPO details and...

Happy Forgings IPO Oversubscribed: 7.46 Times on Day 2

December 20, 2023 18:03

Happy Forgings IPO receives strong investor interest, oversubscribed by 7.46 times on day two. The IPO, with a price range of Rs 808-850 per share, is expected to raise Rs 1,008.6 crore.

Auto Component Industry to Invest USD 7 Billion Over 5 Years

December 20, 2023 14:51

India's auto component industry plans to invest USD 7 billion over the next 5 years to expand capacity and upgrade technology, driven by robust demand and growth in vehicle sales.

Happy Forgings IPO Oversubscribed: 2.31 Times on Day 1

December 19, 2023 17:59

Happy Forgings IPO receives 2.31 times subscription on the first day of share sale, with strong interest from retail and non-institutional investors. The IPO includes a fresh issue and an offer for...

Happy Forgings IPO Raises Rs 303 cr from Anchor Investors

December 18, 2023 22:14

Happy Forgings Ltd, an auto component maker, raised Rs 303 crore from anchor investors ahead of its IPO opening on December 19. The IPO is expected to raise up to Rs 1,008.6 crore.

Gujarat: Auto Hub Attracting Big Investments Since 2009

December 17, 2023 12:09

Gujarat's automobile sector has grown rapidly since 2009, attracting significant investments from major players like Tata Motors, Ford, Suzuki, and MG. The state is now positioning itself as a...

India's Trade Growth To Slow in 2023: Report

December 17, 2023 11:01

India's overall trade is expected to decline by 2.6% in 2023, with a dip in merchandise exports, though strong performance in electronics and services sectors will help contain the fall.

Samvardhana Motherson Acquires Lumen Group, Deltacarb for Rs 575 Cr

December 15, 2023 13:54

Samvardhana Motherson International Ltd has announced the acquisition of Australia's Lumen Group and Switzerland's Deltacarb SA for nearly Rs 575 crore. The acquisitions will expand the company's...

Happy Forgings IPO: Rs 1,008 Crore Issue Opens Dec 19

December 14, 2023 13:50

Auto component maker Happy Forgings launches its Rs 1,008 crore IPO on December 19. The issue, priced at Rs 808-850 per share, will see a fresh issue and OFS.

No Duty Concession on EV Imports: India Govt

December 13, 2023 18:07

India's government has ruled out duty concessions and exemptions on EV imports, rejecting Tesla's request for reduced import duties. The government emphasizes its focus on boosting domestic EV...

No EV Import Duty Subsidy in India: Govt

December 13, 2023 16:27

India's government clarifies that there is no proposal for subsidies on import duty for electric vehicles. This follows a question regarding potential exemptions for Tesla and other multinational...

Happy Forgings IPO to Open on December 19 - News

December 12, 2023 16:32

Happy Forgings Ltd will launch its IPO on December 19. The IPO comprises a fresh issue of equity shares worth Rs 400 crore and an offer for sale (OFS).

India Clears Half of Rs 1 Lakh Cr FDI Proposals from Bordering Nations

December 3, 2023 13:28

India has cleared half of the Rs 1 lakh crore worth of FDI proposals from countries sharing land borders, with the remaining pending, withdrawn or rejected. The government is taking a nuanced view...

India Won't Give Tesla Specific EV Incentives: Official

December 1, 2023 17:17

India will not provide company-specific incentives for Tesla, but will consider general EV maker incentives, an official says. Tesla's demand for import duty concessions remains under discussion.

India Won't Give Tesla Special Incentives, Govt Says

December 1, 2023 17:06

India's government has ruled out company-specific incentives for Tesla, emphasizing that any support for electric vehicle makers will be open to all. Tesla had sought duty concessions to set up a...

Raymond Q2 Profit Flat at Rs 161 Crore, Revenue Up 4%

November 8, 2023 16:36

Raymond Ltd reported a flat net profit of Rs 161.16 crore in Q2 FY24, while revenue rose 3.92% to Rs 2,253.40 crore. The textile and apparel maker saw strong performance across segments, including...

Bharat Forge Shares Surge 5% on Strong Q2 Earnings

November 6, 2023 17:27

Bharat Forge shares climbed nearly 5% after the company reported a 51.78% jump in consolidated net profit for the second quarter ended September 30.

Sundram Fasteners Q2 Profit: Rs 117.93 cr | Auto Components

November 5, 2023 12:48

Sundram Fasteners reported a standalone profit of Rs 117.93 crore for the July-September 2023 quarter, up from Rs 111.75 crore in the same period last year. The company also declared an interim...

Sundram Fasteners Reports Q2 FY24 Profit at Rs 117.93 cr

November 5, 2023 11:52

Sundram Fasteners Ltd. reported a standalone profit of Rs 117.93 crore for the July-September 2023 quarter. The company's total income for the quarter grew to Rs 1,238.97 crore. Sundram Fasteners...

Minda Forms JV with Taiwan Firm for Sunroof Production

November 2, 2023 15:39

Minda Corporation partners with HSIN Chong Machinery Works to manufacture sunroofs for passenger vehicles in India, targeting a growing market expected to reach USD 500-600 million by 2030.

Company Name
Price
Volume

Vodafone Idea L
9.47 ( -0.42)
28334153

YES Bank Ltd.
18.25 ( -1.24)
9525366

Suzlon Energy Ltd.
52.56 ( -3.24)
9310880

Thinkink Picturez
1.16 (+ 4.50)
8645050

Srestha Finvest
0.66 ( -1.49)
8526864

Emaar India Invests Rs 1,600 Cr in Gurugram...

Emaar India to invest Rs 1,600 crore in 'Urban Ascent', a luxury housing project in...

FPIs Pull Out Rs 64,000 Cr From Indian Equities...

Foreign Portfolio Investors (FPIs) withdrew Rs 64,156 crore from Indian equities in...

Tax Cuts Needed for Two-Wheeler Demand: HMSI

Honda Motorcycle and Scooter India (HMSI) urges tax cuts on two-wheelers, citing...

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