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Auto component industry on a high growth trajectory: Vision 2020

Posted On Friday, September 03, 2010

Vision 2020 study expects five-fold growth in the auto component industry within the next decade The Indian auto component industry is up for a smooth ride. Amidst burgeoning demand for vehicles in the country, which has prompted several biggies to expand their existing capacity and look to set up new production units in India, the domestic auto component industry is poised to get a huge facelift.....

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Industry upbeat about NMC roll out by year-end

Posted On Thursday, August 26, 2010

The National Manufacturing Policy aiming to enhance competitiveness of the Indian manufacturing sector is likely to be rolled out by end of this year Over the years, various initiatives and policies undertaken by the Government of India (GoI) have helped the country to evolve as one of the fastest growing economies in the world. With the domestic manufacturing sector contributing significantly to ....

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Growth momentum continues for Indian auto sector

Posted On Wednesday, August 11, 2010

Inflation and tightening of key monetary policies have not been able to hard hit the Indian auto sector, which witnessed robust sales in the month of July Maintaining the momentum of previous months, car sales in the country rose to 38% in July this year, and according to industry players the momentum is likely to sustain in the coming months as well, with the festive season round the corner, when....

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Domestic electronic cos demand imposition of anti-dumping duties on Chinese equipment

Posted On Monday, July 19, 2010

To counter the threat from Chinese equipment, domestic electronic equipment manufacturers have urged the government to levy anti-dumping duties on Chinese electronic equipment In a bid to prevent the influx of cheap Chinese products in the Indian electrical industry, domestic electrical manufacturers have urged the Government of India (GoI) to impose anti-dumping duties on Chinese products enter....

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Y-o-y growth of car sales likely to reduce this fiscal

Posted On Tuesday, July 13, 2010

High prices of raw materials, coupled with inability of auto component suppliers to ensure timely supply of auto parts is likely to reduce year-on-year growth of car sales in 2010-11 After the initial highs comes the dampener. While the Indian automotive industry continues to enjoy healthy sales, which would hold true in 2010-11 as well, the growth of car sales on a year-on-year (y-o-y) basis will....

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Growth in IT, telecom fuels Indian semiconductor industry

Posted On Tuesday, June 22, 2010

With high growth anticipated in sectors such as automobile, IT, consumer electronic products, the Indian semiconductor industry is poised to scale new heights Riding high on growth in sectors such as IT, automobile, telecom, electronic products etc, the Indian semiconductor market is set for a quantum leap. A report titled ISA-Frost Sullivan India Semiconductor Market 20092011 Update released by ....

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Auto cos eying expansion, massive investment to follow

Posted On Tuesday, June 08, 2010

Keeping in view the ever increasing demand for vehicles, auto makers in the country are planning massive investment to increase their existing capacity The booming auto sector of the country is set to receive further fillip within the next 4-5 years as top auto companies operating in the country are looking forward to massive investment to undertake capacity expansion to satisfy the rising demand ....

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Bike makers ramping up production to meet escalating demand

Posted On Friday, May 07, 2010

An unexpected rise in demand for motorcycles has compelled bike manufacturers to ramp up production by undertaking expansion plans Bike manufacturers in the country are on a roller-coaster ride as increase in income and consumer confidence has propelled demand for bikes. The unexpected surge in demand has taken even bike makers by surprise, with majority of them increasing their production capacit....

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Rising prices of natural rubber irk industry players

Posted On Thursday, May 06, 2010

A hike in prices of natural rubber in the global market is taking a toll on the profit margins of several rubber products manufacturers, thereby forcing them to hike prices of their products A rise in prices of natural rubber in the global market, coupled with high import duty has drawn serious concerns among industry players with end-user industries urging the Government of India (GoI) for duty-f....

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E-waste law may hike prices of electronic goods

Posted On Monday, April 26, 2010

The upcoming e-waste law is expected to encourage manufacturers to roll out products and as well as organise the e-waste management sector in the country The forthcoming e-waste management rules that will make it mandatory for manufacturers of electronic equipment to collect and safely dispose damaged electronic items. Failure to abide by the rules will call for fines, which can very well lead t....

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Auto component makers venturing sunrise sectors

Posted On Tuesday, April 13, 2010

In order to protect themselves from the cyclical nature of auto business, auto component makers are venturing into sectors such as aviation, defence, power etc, which require similar expertise in terms of manufacturing parts as that of the auto sector
In what could be witnessed as a key lesson learnt from the global economic meltdown, auto component majors have started diversifying their reach....

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Auto companies forging alliance with foreign counterparts

Posted On Thursday, March 18, 2010

Indian auto firms are collaborating with foreign firms which will not only help the former to innovate new products but also assist them to upgrade the existing ones After combating recessionary pressures that took a toll on profit margins of major automotive firms and vendors operating in the country, the Indian auto sector is raring to scale new heights. With healthy growth anticipated in the co....

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Plastic manufacturing in India gets a facelift

Posted On Friday, March 12, 2010

Plastic products in the country are gaining competitive edge over other products made up of iron and steel as the former are cheaper, lighter and rust proof Plastic manufacturing has traversed a long way in the country, with most products that are now used in household items and offices being made up of synthetic polymers. Gone are the days when plastic was considered cheap. Of late the plastic in....

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