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Agriculture And Allied Industries

Fiscal Year:

GST to provide US$ 39bn auto ancillary industry fuel for growth

Jaipur: The implementation of The Goods and Services Tax (GST) is expected to reduce the effective tax rate for auto ancillary industry from the existing 28-30 per cent to 18 per c...

March 01, 2017

Sundaram Clayton to invest in US plant; expand in India too

Chennai: Sundaram Clayton, part of the TVS group, plans to invest US$ 50 million in US and Rs 400 crore (US$ 59.76 million) in India over the next three years.

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February 13, 2017

Gestamp invests Rs 260 crore in hot stamping plant in Pune to meet future light weighting needs of car makers

Mumbai: Gestamp, the Spain-based auto components manufacturer, has invested around Rs 260 crore (US$ 38.8 million) for setting up its new hot stamping plant in Pune, and plans to e...

February 09, 2017

Maker of JBL audio systems, Harman International expects India business to triple in 3 years

New Delhi: Mr Dinesh Paliwal, Chief Executive Officer of US-based Harman International Industries, has stated that India is an important market for the company and expects to tripl...

September 14, 2016

Indian auto component industry grows by 8.8% in FY16 to Rs 2.55 lakh crore

New Delhi: The turnover of India's auto component industry has grown by 8.8 per cent year-on-year to Rs 255,000 crore (US$ 39 billion) in FY 2015-16, according to data from the...

June 17, 2016

Grupo Antolin expands capacity in India with Sanand plant

Ahmedabad: Grupo Antolin, a Spanish automobile interior components manufacturer, inaugurated its new production facility in Sanand, Gujarat, which will produce overhead systems, su...

June 15, 2016

JK Tyre completes Rs2,195 crore Cavendish Industries acquisition

New Delhi: JK Tyre and Industries Ltd, India's leading tyre manufacturer, has acquired Cavendish Industries Ltd (CIL) for Rs 2,200 crore (US$ 330.7 million), which will enabl...

April 19, 2016

Auto component industry may grow 8-10% next year

Mumbai: The Indian Auto Component industry is expected to grow by 8-10 per cent in FY 2017-18, based on higher localisation by Original Equipment Manufacturers (OEM), higher compon...

March 30, 2016
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