Page 18 - Auto Components News Today

While Goyal didnt specify the names of the OEMs and their countries of origin, he had indicated early this year at the Asia Economic Dialogue that two South Korean auto manufacturers have cost India “billions of dollars” in trade deficit.

Key Insights The projected fair value for Kendrion is €10.84 based on Dividend Discount Model Kendrion's €14.40 share...

Daesol Ausys Auto: Daesol Ausys announced its plans on Tuesday to build a factory in West Point, making luggage boards and covers for compartments in electric vehicles. The company supplies parts to Hyundai, Kia and General Motors.

The investment will be from the funds managed by Modulus Alternatives including its second fund - India Credit Opportunities Fund II, which Modulus Alternatives launched earlier this year with a target corpus of INR 1,250 crore. The fund has so far received capital commitments of more than ₹200 crore, sources said. Modulus Alternatives and Shivam Autotech did not respond to requests for comment.

Review Of Pli-Auto Scheme: The event aims to bring together stakeholders like the PLI-Auto applicants, PMA, Test Agencies etc. to review the performance of the scheme, to share their knowledge and experiences and address all concerns and challenges.

Various schemes such as the Rs 25,938 crore PLI for Automobile and Auto Components supporting the sectors growth will catalyse the process, the government said.

Auto Industry: The stakeholders expected to be present in the meeting include PLI-Auto applicants, test agencies etc, who will share their knowledge and experiences and address concerns and challenges.

UAW President Shawn Fain has demanded, and the intensity of the campaign the union has mounted, have Detroit industry executives and analysts bracing for walkouts next month. The UAW staged a 42-day strike against GM in 2019 before reaching a new contract.

This agreement between Tata and Skoda is all set for a strategic joint venture aimed at producing components for the growing public mobility market.

Amid slackening demand for engineering goods from major markets such as the US and China, shipments to Russia continued their uptrend and more than doubled to US$ 123.65 million in July 2023 from US$ 55.65 million in July 2022, a rise of 122.03 per cent, according to a media release issued by EEPC India on Wednesday.