Auto Components India

It's a city in crisis ? but with potential for a big comeback. Despite an ailing auto industry and the highest jobless rate in the nation, Detroiters are determined to make their hometown thrive once again. For the next year, CNNMoney will focus on that challenge.

Riding a lawn tractor for just an hour spits out as much pollution you'd get from driving a car for hundreds of miles, according to former Ford Motor Co. engineer Kyle Schwulst.

For the non-gearheads out there: Fuel injection systems regulate the mix of fuel and air that goes into internal combustion engines. They make engines more efficient and less polluting. For that reason, fuel injectors replaced carburetors in most trucks and automobiles by the end of the 1980s.

In June, Schwulst signed a partnership agreement with Magneti Marelli, a multibillion-dollar Italian manufacturer of high-tech auto components. The two companies have teamed up to develop an electronic fuel-injection system for the world's two largest motorcycle markets: India and China. Together, those nations build more than 40 million new motorcycles -- equivalent to 75% of the global total -- each year.

From Detroit, a fix for smog-belching motorcycles - CNN

Buoyant auto sales numbers has led the Automotive Component Manufacturers Association or ACMA to declare that the auto component sector is likely to see USD 3 billion in capacity enhancement every year to meet the ever growing demand in this space.

A: The demand is looking bright because fundamentally in India. The auto component industry is now well set to serve the international demand. Not only are Indian OEMs growing, even our other OEMs from outside are going in for more and more indigenization.

If you take the statistics, earlier more exports were for the auto market component. Now more and more exports are going to the OEMs abroad also. We are fundamentally very strong in the Indian industry as a whole because now the new suppliers have to be either integrators or globalized standardisers or component specialists.

A: On an individual level some of the investments we made after our public issue in 2007-2008, that capacity of the plant is still running at around 40%. There is enough capacity for more growth. But today as a whole, the component industry is not able to supply to the OEMs because of the spurt in demand because of which there maybe a slowdown.

Autoline Industries eyes sales of Rs 700cr in FY11 - Moneycontrol.com

New Delhi: Back in 1993, Pawan Goenka knew he was taking a gamble by quitting General Motors Co.s (GM) research and development (R&D) centre in Detroit, the undisputed hub of the global auto industry, to head back home to India.

Bright outlook: A Hyundai facility in Chennai. Passenger vehicles sales in India are projected to rise to five million units by 2015 and over nine million by 2020, from 1.95 million now.

Since then, its become clear that Goenkas call was spot on. Even as the once-mighty GM struggles with fading auto demand in developed markets, the company Goenka joined, Mahindra and Mahindra Ltd (M&M), has just successfully bid for South Koreas Ssangyong Motor Co. Ltd as it looks to expand its product range and enter new markets.

Goenka himself has earned a reputation as the father of the Scorpio, Indias largest selling sports utility vehicle. At that time, there was a lot of opportunity with risk involved, recalls Goenka, president (automotive sector), M&M.

Stepping on the gas - Livemint

Component maker Anand Automotive plans to raise capacity to bridge the demand supply gap in the Indian automobile industry. The company plans to pump in fresh investment for the expansion.

Component maker Anand Automotive plans to raise capacity to bridge the demand supply gap in the Indian automobile industry. The company plans to pump in fresh investment for the expansion. “We are planning to invest about US$100m in raising our capacities in the next 3-4 years,” group CEO Deepak Chopra told just-auto . Having begun in 1961 as shock absorber maker Gabriel India, the group - now 19 companies with 44 business units in eight states - is the most diversified auto component manufacturer in India, still making shock absorbers, but also filters, drive shafts, brake systems, air conditioning systems and safety products.

Component maker Anand Automotive plans to raise capacity to bridge the demand supply gap in the Indian automobile industry. The company plans to pump in fresh investment for the expansion. “We are planning to invest about US$100m in raising our capacities in the next 3-4 years,” group CEO Deepak Chopra told just-auto . Having begun in 1961 as shock absorber maker Gabriel India, the group - now 19 companies with 44 business units in eight states - is the most diversified auto component manufacturer in India, still making shock absorbers, but also filters, drive shafts, brake systems, air conditioning systems and safety products. “We are supplying our range of products to almost 80% of the OEMs in India including VW , Ford , Tata Motors, and Maruti ’s new product line,” Chopra added. The group plans to triple annual turnover to about $2bn by 2014.

Anand is also looking for acquisitions in India. “We are looking for opportunities for new product lines with our existing customers and even acquisitions,” said Chopra.

INDIA: Anand Automotive plans capacity boost - just-auto.com (subscription)

Auto-component major Cummins India will begin construction shortly on a new plant for export in markets like UK, Europe and USA, senior officials from the company told Business Standard.

Cummins India announced in June this year that it will invest $300 million to set up four facilities, including an engine manufacturing unit, in India over the next five years at Phaltan in Maharashtra. Accordingly the company’s four plants are underway out of which three will be operational by last quarter of this year and one will start operations by the first quarter of 2011.

On this manufacturing site, one facility will be an engine manufacturing unit for Tata-Cummins (a joint venture partner) for Tata Motors as well as for Cummins' customers, while another one will be for high horse power engines built by Cummins. The third facility will take care of engines and components also built by the company and the last one will be a parts distribution centre involved in getting and assembling components for supply to facilities at Phaltan and the market at large.

The new plant, also at the same location, is currently only in the design stage and construction will begin soon for the same which will take care of exports. It will be involved in power generation equipment and also work on supply to the close-to-site SEZ (special economic zone).

Cummins India to launch new plant for exports - Sify