The 59th ACMA Annual Session had stakeholders of the auto components industry deliberate on ways to embrace the discontinuity in growth. Held on September 06, 2019, it gave a sense of how the market sentiments had nosedived from just a year ago. After a phenomenal run in the previous financial year (FY2019) when the industry registered strong growth, the auto component industry finds itself jostling for growth.
The undercurrents were reflective of the sentiments experienced when the Original Equipment Manufacturers (OEMs) took the stage a day prior, at the 59th SIAM Annual Convention, held at the same venue, in New Delhi. There was a unanimous consensus among those gathered, on July 2019 and August 2019 particularly being the worst performing months for the industry. A few admitted to registering zero growth owing to the slumber in the economy, and that there was a need to find ways of embracing the discontinuity and strive to get back to growing ways.
Denne historien er fra October 2019-utgaven av Auto Components India.
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Denne historien er fra October 2019-utgaven av Auto Components India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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NEW ZF TESTING LAB IN THE UK
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CUMI RECEIVES TOT FROM DMRL
Carborundum Universal Limited (CUMI) receives Transfer of Technology (ToT) from Defence Metallurgical Research Laboratory (DMRL) to manufacture add-on composite armour for Wheeled Armoured Platform (WhAP) vehicles.
NEOLITE ZKW OPENS NEW PLANT IN PUNE
Neolite ZKW has opened a new eco-friendly manufacturing plant in Pune.
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In an upfront interaction, Marcos Oliveira, President and CEO of lochpe-Maxion S.A. speaks about the upskilling initiative to bridge the skill gap and create a level playing field, with Upendra Kasbekar.
TECHNICAL EMPOWERMENT AT MAXION WHEELS
In an era where the need for skilled labour is more pressing than ever, initiatives focused on upskilling through industry-academia collaboration have become pivotal to national growth, writes
CROSS BORDER SOLUTIONS
In the automotive aftermarket, the push for digitisation has become essential for companies of all sizes seeking a competitive edge in global e-commerce
FRONT-ENGINE MULTIAXLE GARUD
Ashok Leyland has unveiled the Garud, a testament to advancements in bus chassis engineering featuring an innovative architecture and quality aggregates, writes Upendra Kasbekar.
VEERO CHASSIS AND UNDERPINNINGS
Mahindra Veero spotlights chassis innovations and robust underpinnings. The advancement in the underpinning is significant, writes .
POWERTRAINS AND THE EVOLVING AFTERMARKET
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HIGH PRECISION PRODUCTION
MR Components leverages intelligent automation to produce high-precision gear components monthly, optimising output with unmanned operations. In an upfront conversation, Alessandro Reguzzo, Founder and MD of the company shares the fundamental philosophy with Team
