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A Leap Towards Cleaner Future

Hengst Filtration has unveiled cutting-edge filtration plant in Bengaluru, pioneering sustainable development in India.

Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

SIAM Conclave Focuses on Building Resilient Supply Chain

Industry experts and leaders came together to address challenges in the supply chain.

Micron launches $2.7 bn semiconductor plant in India

Micron Technology, a global leader in memory and storage solutions, has initiated the construction of a state-of-the-art semiconductor manufacturing facility in India, marking a significant step towards bolstering the country's semiconductor industry.

Auto component industry grows 32.8% in FY2022-23

The turnover of the automotive component industry stood at Rs 5.60 lakh crore for the period of April 2022 to March 2023.

Indian auto component industry grows 32.8% in FY 2022-23

Sales to OEMs grows 39.5% on back of strong growth in vehicle sales

Foxconn in talks for JV with TSMC and TMH Group

According to a report, Foxconn is currently in discussions with Taiwan Semiconductor Manufacturing Co (TSMC) and Japan’s TMH Group to form a joint venture and technology partnership in India with the aim of establishing semiconductor fabrication units.

Chip component plant to get $300 mn expansion in Pennsylvania

The electronics subsidiary of German multinational healthcare company Merck KGaA said it will spend $300 million to expand its specialty gas production facility in eastern Pennsylvania in a step that state officials hope will help boost the area's appeal to the fast-growing semiconductor industry.

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

The Association of Indian Forging Industry (AIFI) has witnessed a challenging time in the first half of 2022 as a result of increased input costs, particularly steel, aluminum, and nickel prices.

Components industry to witness 60% decline due to EVs: AIFI President

AIFI has expressed concerns to the government over high steel, aluminum, and nickel prices, as the increase in steel prices has damaged the Indian forging industry

Forging and components industry to experience 60% decline due to electric vehicles: AIFI

• The increase in steel, aluminium, and nickel prices have hammered the industry in India

Indian auto component industry likely to grow 8-10% in FY23

According to rating agency Icra, the Indian auto component industry might have 8% to 10% growth in Financial Year (FY) 2023, due to the easing of supply-chain issues along with commodity inflation in the next half of the year.

India’s semiconductor pursuit gets a strong push

The Semiconductor Industry Association (SIA), the top trade association representing the U.S. semiconductor industry, signed a Memorandum of Understanding (MoU) with the India Electronics and Semiconductor Association (IESA), the premier trade group representing India’s semiconductor and electronics systems design and manufacturing industry, to foster collaboration and identify potential opportunities between the two countries in the semiconductor sector.

Vedanta to invest $15 bn in semiconductor, display unit ventures

The Vedanta Group, led by Anil Agarwal, is preparing for two individual ventures which may witness investments of around $15 billion in chip and display manufacturing space across the country.

Semiconductor shortage to hamper ce industry

Global semiconductor shortages may curtail new equipment production,resulting in higher used equipment prices.

Criticality of component supplies!

During one of my discussions with a friend who is CEO of one of the engineering and equipment firms in India, I vividly recall the distress expressed over the shortage of good quality component supplies, and its cascading effect on the entire supply chain and customer deliverables.

Daimler Truck increased group sales in 2021

Daimler Truck reports increased group sales of approximately 455.000 units for 2021, 20 % above prior year level (2020: 378.290 units)

Demand for drives is linked to levels of automation

Heating, ventilation, air conditioning, and refrigeration (HVAC&R) continues to be the largest industry for LV motor drives. The sector is nearly twice the size of the next largest.

Icra slashes growth forecast for auto components industry to 17-20 pc for FY22

According to Icra, the components industry is now expected to grow at 17-20 per cent in 2021-22, partly aided by "the low base of last year and commodity passthrough" besides growth driven by domestic OEM, replacement and export volumes.

Schaeffler shows sustainable mobility

Schaeffler demonstrates at the IAA Mobility (Hall B3, A80) how sustainable mobility can be designed

Cummins India profit at Rs 171 cr Q1 2021-22

• Total sales for the quarter at Rs 1,167 crore increased by 141% compared to the same quarter last year and declined by 5% compared to the preceding quarter.

Siemens delivers next-gen verification system

Siemens Digital Industries Software has recently unveiled its next-generation Veloce™ hardware-assisted verification system for the rapid verification of highly sophisticated, next-generation integrated circuit (IC) designs.

Siemens delivers next-gen verification system

New offering seamlessly combines next-generation virtual platform, hardware emulation, and FPGA prototyping technologies to help accelerate verification cycles

Cyient rated leader across four industry verticals

Zinnov, a global consulting and advisory firm recognised Cyient as an expansive and established player in the overall category in the Zinnov Zones 2016 Product Engineering Services Report. The report rated Cyient in the Leadership Zone across four industry verticals - Aerospace & Defense, Energy & Utilities, Transport, and Construction & Heavy Machinery.

L and T Technology Services rated among top 10 players

Zinnov has recognised L&T Technology Services as an Expansive and Established player in Zinnov Zones 2016 Product Engineering Services and in the Leadership Zone across 10 major industries due to the company?s best-in-class solutions, capabilities and offerings that seamlessly combine cutting-edge infrastructure with a robust innovation-led portfolio.

L And T Technology Services rated among top 10 players

Zinnov has recognised L&T Technology Services as an Expansive and Established player in Zinnov Zones 2016 Product Engineering Services and in the Leadership Zone across 10 major industries due to the company?s best-in-class solutions, capabilities and offerings that seamlessly combine cutting-edge infrastructure with a robust innovation-led portfolio.

We wish to be a major tier-1 supplier in selected industries in ten years

Cyient was founded in 1991 and this year marks the 25th anniversary of our brand promise?Designing Tomorrow Together.? Today, we are a $472 million company built on our Values FIRST principle (Fairness, Integrity, Respect, Sincerity and Trust).

Mitsubishi delivers laser micromachining system

Mitsubishi Heavy Industries Machine Tool Co Ltd has completed delivery of its very first ABLASER laser micromachining system.

On diverse roles

Nitin Prasad is the Country Head for the Shell Lubricants business responsible for managing all its business activities in India. In a career spanning over 15 years, Prasad has held diverse roles within Shell across strategy and portfolio, project management, sales, marketing

Subsidy for semiconductor industry

The Union Cabinet gave its in-principle approval to provide subsidy for setting up of chip-fabrication units to boost investments in the semiconductor sector and also improve country's beleaguered economy. This is seen to provide a significant push to domestic electronics manufacturing and act as magnets for the electronics components

New D-Frame VLT? Drives

The new Danfoss D-Frame drives are up to 67 per cent smaller than their predecessors. With the increasing demands for improved efficiency and reliability in drive technology,

Servo drive from Rockwell

The Allen-Bradley Kinetix 3 component servo drive from Rockwell Automation provides machine builders the ability to better match the needs of manufacturers without the complexity of traditional servo solutions.

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