South Korea’s auto parts supply chain is rapidly losing competitiveness and manpower due to slow response to faster transition to automated and electric mobility amid lack of financial resources.
Tag: auto parts
Post
Post
How to increase efficiency in automotive aftermarket in India
A good supply chain management, integrated with predictive and prescriptive analytics becomes a crucial joining point for both the manufacturers and the distributors, says Manav Kapur, Executive Director, Steelbird International
Post
Bharat Forge to produce e-2Ws and e-3Ws through its associate Tork Motors
The first model is expected to hit the market in 2022. Tork Motors meets the subsidy requirements of the (FAME-II) scheme and will produce electric two-wheelers (e-2Ws) and electric three-wheelers (e-3Ws).
Post
Restrictions at China port disrupts auto component supply to India
The availability of critical parts like semiconductors and television panels for manufacturing home appliances, television and mobile phones will be affected. Shipments are getting diverted to other terminals in NZ and surrounding ports.
Post
Lumax Group plans Rs 2.5 bn capex for new plant and expansion
Lumax Group is investing Rs 2.5 billion in capital expenditure for an electronics plant in Haryana and has augmented capacity at the Sanand plant in Gujarat. The Lumax-DK Jain Group supplies auto parts to its 33 plants.
Post
Toyota Kirloskar Auto Parts wins IMTMA-ACE Micromatic award
The company’s case study bagged the first prize, which was awarded during 12th National Productivity Summit of Indian Machine Tool Manufacturers’ Association (IMTMA) held in Chennai
Post
Sundram Fasteners Q1 profit up by 19 per cent
Sundram Fasteners Limited (SFL), part of the $7.2 bn TVS group, announced its FY18 Q1 results with the net profit of the company for the quarter ended 30th June 2017 was at Rs.90.17 crores, as against Rs.75.55 crores during the same period in the previous year, etc.
Post
Minda Corp in JV with Chinese firm for plastic auto parts
Minda Corporation Ltd and China’s Shandong Beiqi Hai Hua Automobile Parts Co have formed a 50:50 joint venture to make plastic auto parts. The new JV, Minda China Plastic Solutions Ltd, will initially focus on plastic oil pans and cylinder heads, and other functional, underhood and interior components. Potential customers include global automakers with production plants in China, including Volkwagen, BMW and Daimler.