EQUIPMENT

POWER MANAGEMENT COMPANY EATON AND AUTO PARTS MAKER CUMMINS FORM JV FOR AUTOMATED TRANSMISSIONS FOR HEAVY-DUTY AND MEDIUM-DUTY COMMERCIAL VEHICLES

DUBLIN: Eaton, a Power Management Company and Cummins, an auto parts maker has entered in an agreed to form a joint venture for automated transmissions for heavy-duty and medium-duty commercial vehicles. New  joint venture company will be called Eaton Cummins Automated Transmission Technologies, informed the company in an official statement. As per the agreement term Eaton will receive   

MARKETS REGULATOR SEBI SLAPS RS 1 CR FINE ON FALCON TYRES & ITS 4 OFFICIALS

NEW DELHI: Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Falcon Tyres and four senior officials, including Pawan Kumar Ruia, for not complying with insider trading regulations Other than Falcon Tyres and Ruia, who was the Chairman and Promoter Director of the firm during the investigation period from June to September 2009, the penalty has been imposed on the firm's   

NITIN GADKARI FOR LEGAL RECOURSE TO HELP OEMS ON BS-III VEHICLES BAN

MUMBAI: Road Transport Minister Nitin Gadkari has said the government will look at a legal solution to help the automakers impacted by the Supreme Court's ban on sale of BS-III vehicles from Saturday. "We will respect the court's verdict and while implementing the order, if some legal recourse can be taken, we'll do that," he told reporters here. He acknowledged that   

MRF CREATES NEW BENCHMARK OF RS. 60140 PER SHARES

NEW DELHI: MRF creates new benchmark for as share of MRF goes beyond the Rs 60,000 level for the first time ever in the afternoon trade on 27th March 2017. It opened at Rs 59,250 and touched its fresh all-time high of Rs 60,140. The scrip was trading 1.35 per cent up at Rs 59,982.90 at around 2.40 pm (IST). MRF is among the most expensive domestic stock in terms of value. It is followed by   

ICRA PROJECTED 6-8 % GROWTH IN EXPORT OF TYRE OVER THE NEXT 3 YEARS FROM INDIA

NEW DELHI: Export volumes of the tyre industry grew by 29 percent during the 9 months of FY 2017, due to strong growth across product segments. The growth in tyre exports in quarter 4 is expected to remain strong as the pent up replacement demand in the agri-construction equipment segment will be complemented by expected realisations. Rating agency ICRA projected that over the next 3 years the   

CEAT TOPS JD POWER 2017 INDIA ORIGINAL EQUIPMENT TYRE CUSTOMER SATISFACTION INDEXES

MUMBAI: According to the JD Power 2017 India Original Equipment Tyre Customer Satisfaction Index (TCSI) Study. CEAT (Indian tyre manufacturer) has been ranked top in India for Original Equipment (OE) Tyre customer satisfaction.  “CEAT stands by the promise of making mobility safer and smarter every day. The survey acts as a testament to CEAT’s product and service offerings and   

OERLIKON GRAZIANO INDIA TARGETS RS 1500 CRORE REVENUE BY CY 2019

NEW DELHI: Oerlikon Graziano India, the maker of drivetrain systems for off-highway and niche passenger cars, is keeping high hope on advantage India. Predominantly an export oriented firm with small exposure in the domestic market, Oerlikon is eyeing 20 percent growth in CY 2017. According to the company, last year its third-party sales, that form a major 65 percent constituent of its   

DENSO USING BIO-POLYCARBONATE (PC) EXTRACTED FROM CASTOR OIL

KARIYA, JAPAN: Japanese automotive components manufacturer Denso Corporation said in a press release that they have developed bio-polycarbonate (PC) made from starch and urethane resin extracted from castor oil and using it in some of its products. Currently, Denso's starch-derived bio-PC, which provides high hardness, yet can be shaped into complex designs, is being used to make plastic   

ACDELCO TO LAUNCH SIX NEW PRODUCT PROGRAMMES

Delhi: ACDelco aims to grow and multiply its filtration business revenue.  To meet the growth target six new product programmes are being launched, over the next few months, the company said in a statement Tuesday. ACDelco  is a division of General Motors Technical Centre India . In India, ACDelco is in operation since 1997 as a part of the General Motors India initiative in the   

INFINEON EXPECTS 8 – 11% REVENUE GROWTH IN 2017

New Delhi: German chipmaker Infineon raised its expected revenue rise for the second quarter and for its 2017 financial year, citing better-than-expected orders for the chips it makes for cars. Infineon said it expected 2017 revenue to rise by between 8 and 11 percent, with an operating margin of around 17 percent. Its chips manage functions such as enabling airbags and managing car power   

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