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Agriculture And Allied Industries

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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

Mercedes sets up India's largest spare parts warehouse

Mumbai: Mercedes Benz India Private Limited has set up India’s largest spare parts warehouse in Pune, which has the capacity to stock up to 44,000 parts and will have a vehic...

September 16, 2016

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

Germany's Tristone Flowtech to set up manufacturing facility in Pune

Mumbai: Tristone Flowtech Group, the Germany-based flow technology systems specialist, has set up a new facility in Pune, which will manufacture surge tank as well as engine coolin...

September 01, 2016

Tata AutoComp to acquire global engine cooling firm TitanX

Mumbai: Tata Group auto component firm Tata AutoComp Systems Limited plans to acquire TitanX, which manufactures and supplies engine and power-train cooling solutions to commercial...

August 17, 2016

Minda Corp forms JV with China's SBHAP for plastic auto parts

Mumbai: Minda Corporation Limited, an automotive component manufacturer, has signed a joint venture (JV) agreement with China's Shandong Beiqi Hai Hua Automobile Parts Co Ltd, ...

August 16, 2016
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