Parts & Components

Wheels India registers 24.5 % growth in exports in FY24

Driven by a strong product mix, Wheels India has registered a 64.3 % rise in its Net Profit for Q4 ended 31st March 2024 at Rs.36.8 crores compared to Rs. 22.4 crores registered in the corresponding quarter of the previous year.  The company registered revenues of Rs. 1167 crores for Q4 ended 31st March 2024 […]

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 […]

partnership tyres

IFC partners with JK Tyre to manufacture energy-efficient tyres

A new investment will strengthen India’s efforts towards self-reliance in manufacturing, while boosting skilled job creation, exports, and sustainable growth, with IFC’s support to leading tyre manufacturer, JK Tyre & Industries Ltd. IFC’s $30 million (about INR 240 crore) investment in JK Tyre & Industries will part-finance the expansion of manufacturing capacities and integrate advanced, […]