India Auto Components

External trade plays a vital role in driving Taiwans economic growth, because the nations well-being hinges on the business climate of its major trading partners. As Europe and the United States continue to struggle with the specters of a possible double-dip recession, India is emerging as one of the fastest growing economies in the world. That is why the ROC government has been gearing up to expand ties with the South Asian nation.

Against this backdrop, Pradeep Kumar Rawat, director-general of the India-Taipei Association, sat down for an interview with Taiwan Today Sept. 23, during which he discussed the current state of Taipei-New Delhi relations, highlighted the major achievements of both sides in recent years and proposed areas of bilateral collaboration that promise to deliver bountiful dividends to the two nations.

Against this backdrop, Pradeep Kumar Rawat, director-general of the India-Taipei Association, sat down for an interview with Taiwan Today Sept. 23, during which he discussed the current state of Taipei-New Delhi relations, highlighted the major achievements of both sides in recent years and proposed areas of bilateral collaboration that promise to deliver bountiful dividends to the two nations. As far as I see it, the current Taipei-New Delhi relations are very good, said Rawat. Indias relationship with Taiwan has been constantly expanding ever since the ITA opened its office in 1995, and Rawat noticed a marked jump in bilateral ties during the past two years. The official attributed this encouraging development to a variety of reasons, including Taipeis improved relationship with Beijing in recent years.

Against this backdrop, Pradeep Kumar Rawat, director-general of the India-Taipei Association, sat down for an interview with Taiwan Today Sept. 23, during which he discussed the current state of Taipei-New Delhi relations, highlighted the major achievements of both sides in recent years and proposed areas of bilateral collaboration that promise to deliver bountiful dividends to the two nations. As far as I see it, the current Taipei-New Delhi relations are very good, said Rawat. Indias relationship with Taiwan has been constantly expanding ever since the ITA opened its office in 1995, and Rawat noticed a marked jump in bilateral ties during the past two years. The official attributed this encouraging development to a variety of reasons, including Taipeis improved relationship with Beijing in recent years. When Taiwan has good relations with its neighbors, it will be able to devote more energy to expand relationships with other countries. So warming cross-strait ties are certainly a factor, he said. Efforts to promote bilateral ties by the two countries during the last few years are also beginning to pay dividends, he added.

Taiwan-India relations scale new heights - Taiwan Today

The South-based TVS group turns 100 this year. Many may be familiar with individual group companies like Wheels India, Brakes India, Lucas TVS, Sundram Fasteners, Sundaram Brake Lining and TVS Motor Company, without realising they all belong to the TVS group. With a group turnover of $7 billion or R35,000 crore, it employs more than 40,000 and is India?s largest manufacturer of auto components.

Barring one or two companies, they have been market leaders in their respective fields. It is quite likely that automobiles manufactured globally carry one or other of TVS parts. Among the vehicles on India?s roads, it is said 35% consists of TVS components. What is quite remarkable about the group is that the companies have maintained their reputation for quality and customer care over so many decades. T VS to them stands for Trust, Value and Service.

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One hundred years of fortitude - Financial Express

NEW DELHI – Maruti Suzuki India Ltd., grappling with labor unrest at a factory, said Thursday it will shut a separate plant for two days due to a shortage of components caused by a workers' strike at two auto-part suppliers owned by its parent.

The Suzuki Motor Corp. unit said it will suspend production at its Gurgaon plant in northern India's Haryana state on Friday and Saturday. Maruti's other factory, in Manesar, which is also in Haryana, hasn't produced any vehicles since Oct. 7 due to a strike by about 1,500 workers.

The labor unrest and resultant production loss will have an adverse impact on India's largest car maker by sales, especially during the ongoing festive season, when it is considered auspicious to make new purchases. It will also likely further extend the waiting period for Maruti's popular Swift hatchback, which received an overwhelming response after an upgraded version was launched in August.

To show solidarity with their peers from Maruti, workers at three other factories--owned by Suzuki Motorcycle India Pvt. Ltd., Suzuki Powertrain India Ltd. and Suzuki Castings Ltd.--have also gone on strike.

Maruti to Suspend Production in Gurgaon - Wall Street Journal

The Indian pharmaceuticals and chemicals industry will be among the biggest beneficiaries of a free trade agreement between the GCC and India, said Mr. R. Seetharaman, Group CEO of Doha Bank.

Post the conclusion of such an agreement, the Indian pharmaceutical and chemical companies will be able to export their products to the lucrative GCC region. The senior banker and economist were speaking at a session organised as part of the second World Tamil Conference, which concluded in Dubai recently.

Post the conclusion of such an agreement, the Indian pharmaceutical and chemical companies will be able to export their products to the lucrative GCC region. The senior banker and economist were speaking at a session organised as part of the second World Tamil Conference, which concluded in Dubai recently. "The GCC - India trade exceeded $80 billion for during the three quarters ending December 2010 and can exceed $100 billion for the year 2010-11. It could exceed $130 billion by 2013-14," Seetharaman said, while moderating a special session titled 'investment opportunities in India and GCC countries" at the event.

Post the conclusion of such an agreement, the Indian pharmaceutical and chemical companies will be able to export their products to the lucrative GCC region. The senior banker and economist were speaking at a session organised as part of the second World Tamil Conference, which concluded in Dubai recently. "The GCC - India trade exceeded $80 billion for during the three quarters ending December 2010 and can exceed $100 billion for the year 2010-11. It could exceed $130 billion by 2013-14," Seetharaman said, while moderating a special session titled 'investment opportunities in India and GCC countries" at the event. “There are several potential sectors for investments by Indian entrepreneurs in the GCC, including information technology, telecommunications, education, healthcare services, tourism and hotel industry, banking and financial services, oil, gas and petrochemicals, electricity, housing, road and rail network. The GCC investment in India has significantly increased in the last two years and is now estimated at more than $125 billion," he added.

Indian pharma industry to gain from GCC-India free trade agreement - CPI Financial

A series of strikes at the country's largest carmaker Maruti Suzuki India's Manesar plant since June this year has resulted in excise revenue losses to the tune of nearly Rs 350 crore (Rs 3.50 billion) for the government, while the company has already suffered a hit of up to Rs 1,540 crore (Rs 15.40 billion).

Since the first round of strike for 13 days in June this year to the 33-day-long standoff from August 29-October 1, and the fresh strike at the Manesar plant from October 7, MSI has suffered a total production loss of 51,375 units.

According to the industry calculations, it is estimated that per car on an average, the government is losing Rs 68,000 in the form of excise duty, thereby, resulting in a total loss of Rs 349 crore (Rs billion).

The Haryana government, on the other hand, is also losing out Rs 6,000 per car on an average as sales tax, resulting in a total of Rs 30.8 crore (Rs 308 million) so far.

Maruti strike costs govt Rs 350 crore in excise duty - Rediff