AFTERMARKET COMPONENTS

MANN + HUMMEL Ready for Exciting Growth Phase in India

Opens New Liquid Manufacturing Line at Tumkur Plant In an exclusive interview with MOTORINDIA, Thomas Fischer, Chairman, MANN+HUMMEL, discusses the significant impact of their new manufacturing line in Tumkur, Karnataka, India inaugurated in the presence of Mr. Rajendra Kulkarni from Tata Motors, Mr. Ramkrishna Reddy from Ashok Leyland and Mr. Vinay Jadhav from Cummins India. […]

AFTERMARKET Vehicle Zone

Ashok Leyland opens new LCV dealership in North Delhi

Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer today, inaugurated its new dealership for Light Commercial Vehicles in North Delhi. This is the third Light Commercial vehicle Dealership in Delhi. The new channel partner VMT Motors LLP, has a 3S (Sales, Service and Spares) facility strategically located […]

AFTERMARKET

Ashok Leyland inaugurates three new MHCV dealership outlets in NCR region 

Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer today, inaugurated three new MHCV dealership outlets in NCR region of new dealer – TVS Trucks & Buses. Out of the three dealerships, two are in Faridabad and the other is in Greater Noida. The first advanced 3S dealership, […]

Industry News

Indian CE industry clocks record breaking 26% sales growth for second consecutive year

With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment industry has recorded 26% increase in overall sales volume for the financial year 2023-24, surpassing all projections. With these landmark figures, the CE industry has set yet another record, thereby sustaining the previous year’s growth momentum. The […]

AFTERMARKET COMPONENTS

Rico Auto on course for 20% YoY growth in current and next fiscal years

Rico Auto, a seasoned participant at ACMA Automechanika, showcased its prowess in manufacturing parts for two-wheelers, four-wheelers, commercial vehicles, and three-wheelers, emphasizing their focus on quality and reliability. In an interview with MOTORINDIA, Abhishek Kulshreshtha, Senior VP – Corporate Material & After Market Business, Rico Auto talks about his company’s presence at the event, their […]

AFTERMARKET COMPONENTS

Schaeffler India’s power-packed presence

Schaeffler India Limited made a power-packed presence at ACMA Automechanika New Delhi. In an exclusive interview with N. Balasubramanian, Debasish Satpathy, President – Automotive Aftermarket, Schaeffler India Limited, shares insights on the company’s presence at the event, product showcases, target audience, business updates, and growth strategies in the Indian market. Schaeffler India’s Prominent ShowcaseDebasish Satpathy […]

AFTERMARKET Cover story

Innovation Meets Trust myTVS partners with FILTRON

Partnership to drive innovation by delivering globally proven filters in Indian market In an exclusive interview with N. Balasubramanian, leaders from both myTVS and MANN+HUMMEL shed light on their new partnership and the exciting business prospects it presents. G. Srinivasa Raghavan, Managing Director, Satya A R, President, and Bharath Chandrasekaran, VP, myTVS, talk on the […]

AFTERMARKET

SML ISUZU opens new dealership in Gaya, Bihar

SML Isuzu, leading manufacturer of trucks and buses, is fast expanding its dealer network across the country. The CV maker has inaugurated a new dealership, SDPS Motors, in Gaya, Bihar, marking another significant step in expanding its presence across the country. The new outlet was inaugurated by Former Chief Minister of Bihar, Shri Jitan Ram […]

Industry News

Revenue growth of CV makers to moderate to 5-7% next fiscal: CRISIL

Operating margins seen steady with better realisation, stable commodity prices Commercial vehicle (CV) makers will see revenue growth moderating to 5-7% on-year next fiscal after an estimated ~9% rise this fiscal. This will be driven by price hikes as volume growth is expected to be modest for medium and heavy CVs (M&HCVs) and flattish for […]

Industry News

“India is now on the threshold of becoming a global economic powerhouse, with the auto and automotive component industry playing a significant role” – Prime Minister 

The Prime Minister, Shri Narendra Modi addressed a program at India’s largest and first-of-its-kind mobility exhibition – Bharat Mobility Global Expo 2024 at Bharat Mandapam, New Delhi today. He also took a walkthrough of the Expo. Bharat Mobility Global Expo 2024 showcases India’s capabilities across mobility and automotive value chains and will feature exhibitions, conferences, […]

Industry News

Auto retail in full throttle: 2023 records impressive 11% YoY surge

The vehicle retail data for Dec’23 and CY’23 released by the Federation of Automobile Dealers Associations (FADA) indicates that December 2023 witnessed a 21% YoY growth in auto retail. All categories reported positive growth: 2W by 28%, 3W by 36%, PV by 3%, Tractors (Trac) by 0.2%, and Commercial Vehicles (CV) by 1.3%. CY’23 Auto […]

Industry News

“India is now on the threshold of becoming a global economic powerhouse, with the auto and automotive component industry playing a significant role” – Prime Minister

The Prime Minister, Shri Narendra Modi addressed a program at India’s largest and first-of-its-kind mobility exhibition – Bharat Mobility Global Expo 2024 at Bharat Mandapam, New Delhi today. He also took a walkthrough of the Expo. Bharat Mobility Global Expo 2024 showcases India’s capabilities across mobility and automotive value chains and will feature exhibitions, conferences, […]

Industry News

Sustainable Mobility takes center stage at SIAM’s 63rd Annual Convention

Society of Indian Automobile Manufacturers (SIAM), the apex body representing leading automobile manufacturers of the country, commemorated its 63rd Annual Convention deliberating on the way ahead for Sustainable Mobility. On the Occasion of 63rd SIAM Annual Convention Hon’ble Prime Minister of India, Shri Narendra Modi in his message mentioned that for over six decades SIAM […]

Industry News

Indian automotive industry could reach $1 trillion by 2035 driven by exports, technology, and innovation: Arthur D. Little Report

Arthur D. Little, the world’s oldest management consulting firm, has released a new report titled “Transforming India into a Global Automotive Hub: Roadmap for the Automotive Ecosystem”. The report explores the key areas of automotive value creation in India, such as becoming a destination for global platforms, achieving global scale in software and ER&D, striving […]

Industry News

August’s Auto Retail Landscape Shows Resilient Growth

The Federation of Automobile Dealers Associations (FADA) has released Vehicle Retail Data for August 2023. During the month, the automotive retail sector exhibited a strong year-over-year (YoY) growth of 9%, though slightly lower than previously reported figures. This uptick was consistent across multiple vehicle categories, with a 6% increase in 2-wheelers (2W), a 6.5% increase […]