Improved asset quality to support profitability amid NIM compression The vehicle financing assets under management (AUM) for non-banking financial companies (NBFCs) are poised to surge to Rs 8.1 lakh crore by March 31, 2025, from Rs 5.9 lakh crore as on March 31, 2023, marking a compound annual growth rate (CAGR) of ~17% (see chart […]
Bonfiglioli Transmissions Pvt Ltd, the Indian subsidiary of Bonfiglioli Riduttori S.p.A., a global leader in Power Transmission and Drive Solutions, has inaugurated a new 42,500 sq. meters high-tech, smart assembly facility in Pune. The opening took place in the presence of customers, partners, government authorities, leadership teams, and company employees. The new and bigger facility […]
Arteco nv, a leader in the water‐based engine coolant and heat transfer fluid market segment, with headquarters in Belgium and an affiliate in Shanghai, is proud to announce the construction of a new production plant in China dedicated to producing high‐quality engine coolants and heat transfer solutions to cater to the evolving needs of various […]
KwikFix Auto, a Mumbai-based automotive aggregator, is transforming India’s auto repair market through strategic disruption and cutting-edge technology. In an exclusive interview with Rajesh Rajgor, Ravi Chandarana, CEO of KwikFix Auto, emphasizes the brand’s commitment to minimizing unforeseen breakdown risks. Leveraging a cross-geography network and a seamless interface, KwikFix Auto organizes the fragmented repair sector, […]
ATS Elgi, a key player in the organized Original Equipment Manufacturer (OEM) space, is making substantial strides in the commercial vehicle servicing sector. Deep Narayan Bhattacharya, Head of Marketing at ATS Elgi, provides insights into the company’s journey and its aspirations for growth. ATS Elgi’s premium product, the Eagle4i, is a commercial vehicle wheel alignment […]
The Truck Trailer and Tyre Expo 2023, held in Chennai, was a highly significant event for India’s commercial vehicle industry, and it featured several noteworthy aspects. Rajesh Rajgor had the privilege of reporting on the 7th edition of the expo, offering insights into this impactful event that showcased the latest advancements by companies exhibiting, in […]
Tata Motors, India’s largest commercial vehicle manufacturer, today announced that it has secured a prestigious order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) to supply 1,350 units of the Tata LPO 1618 diesel bus chassis. Developed for intercity and long-distance travel, the Tata LPO 1618 conforms to BS6 emission protocols, delivers superior performance, excellent passenger comfort […]
In a momentous recognition of tireless dedication and transformative leadership in sustainability, P K Mohamed, Chief Advisor, R&D, Apollo Tyres Ltd has been lauded as the ‘Sustainability Professional of the Year’ at the 10th edition of the Global Sustainability Leadership Awards 2023. This esteemed accolade was conferred upon Mr Mohamed at the gala event held […]
Under the shimmering lights of Jamna Auto Industries’ corporate office in Faridabad, Diwali wasn’t just a festival of lights, but a celebration of gratitude and reward for the backbone of the commercial vehicle aftermarket – the dedicated mechanics. Witnessing the culmination of the ‘Mechanic Diwali Dhamaka Lucky Draw Scheme’, the air crackled with excitement as […]
The one-of-its-kind reverse buyers & sellers meet witnessed participation from over 145 auto component manufacturers and 150 buyers from more than 35 countries The Automotive Component Manufacturers Association of India (ACMA), the apex body of the Indian auto component industry has concluded its eighth edition of the ‘iAutoConnect’, a reverse buyers & sellers meet. The […]
EKA Mobility, a leading electric vehicles & technology company based in India, is thrilled to announce a partnership with Mitsui & Co., Ltd. (Japan) and VDL Groep (Netherlands). This strategic cooperation marks a significant milestone in the evolution of the Indian automotive industry, propelling India toward becoming a global hub for sustainable transportation. The alliance […]
In a recent interview with N. Balasubramanian, Nandan Petrochem Ltd.’s CEO, Hrishikesh Kulkarni, shares insights into the company’s performance, strategic shifts, and the unveiling of Velvex’s new corporate identity. Starting off with an update on the onset of FY24, Kulkarni expressed optimism about NPL’s performance, particularly within the AdBlue/DEF segment. He noted significant promise driven […]
SKF actively collaborates with manufacturers to innovate bearing solutions for electric vehicles (EVs), addressing unique challenges and offering customized and hybrid bearings for enhanced reliability and efficiency. In a comprehensive interview with Rajesh Rajgor, Alagesan Thasari, Head and Director – Automotive Business and CTO – India, South East Asia, Australia and NZ; discusses the company’s […]
Just like we need nostrils to breathe clean air. An automobile’s engine needs high quality filters to function properly and extract optimum performance. The engine and other costly internal components of an automobile can easily be corroded by pollutants such as dirt, dust, and other debris. The air filters act as an effective barrier against […]