Tag Archives: Automotive

Varroc in talks with Sintex to buy automotive moulding unit

MUMBAI: Aurangabad-based Varroc Engineering is in advanced talks with Sintex Plastic Technology to acquire the latter’s domestic automotive custom moulding business, according to several people familiar with the development. Sintex Plastic, which makes plastic products for automotive and household items, … Continue reading

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Replacement demand growth for automotive battery segment at 4-5%: Ambit Capital

MUMBAI: Investment advisory, Ambit Capital estimates current replacement demand growth for automotive battery segment at 4 per cent-5 per cent year-on-year, a figure significantly lower than the double-digit growth that the industry enjoyed until October, 2016, a month before the … Continue reading

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AI-backed systems drive Hyundai’s December output beyond capacity

Mumbai: At a time when the automotive industry output has been hampered due to a shortage of parts, Hyundai Motor India recorded its highest ever monthly production of 71,000 units in December — exceeding the intended capacity of its facility … Continue reading

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Tata Motors owned JLR plans over 1,000 job cuts

London: Tata Motors owned Jaguar Land Rover (JLR) is planning to cut over 1,000 contract-agency jobs amid the ongoing COVID-19 pandemic pressures. The UK’s largest automotive manufacturer, which had earlier on Friday reported a 30.9 per cent drop in sales … Continue reading

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COVID-19 may force auto cos into more automation on shop-floor, less reliance on labour: EY

New Delhi: The Indian automotive sector will continue to face challenges related to non-availability of labour and concerns over health and safety management on the shop-floor following the coronavirus pandemic, which may force firms to accelerate adoption of digital technologies … Continue reading

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Exide Industries | Hold Exide Industries, target price Rs 200: Emkay Research

Emkay Research has a hold call on Exide Industries with a target price of Rs 200, for a duration of 12 months. The current market price of Exide Industries is Rs 178.9. Exide Industries Ltd, incorporated in the year 1947, … Continue reading

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