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Volume 30 / No.12 (Private Circulation For Members Only) August - 2024

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In Focus
Indian Automotive Industry: Accelerating Ahead
The Indian automotive industry has evolved into a powerhouse, attracting domestic and international giants. From two-wheelers to heavy commercial vehicles, India now stands as one of the world’s leading vehicle producers. This industry is characterised by its dynamic mix of innovation, cost-efficiency, and a robust supply chain, that supports large-scale production and groundbreaking research and development. ...

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Took Talk
‘Embrace innovative thinking and move beyond traditional mould-making methods’
“The expectations of customers have evolved significantly, and it is crucial to rise and meet these new demands. Developing in-house training programs to enhance manpower skills is essential, as relying solely on external institutes may not suffice,” says Dominic Savio, General Manager - Central Process Engineering, Legrand India...

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Union Budget 2024-25
Catalysing MSMEs’ Success with Growth-Oriented Schemes
Finance Minister Nirmala Sitharaman presented Union Budget 2024-25 in Parliament on July 23, 2024. Prior to commencing the announcements, the Finance Minister said, “The global economy, while performing better than expected, is still in the grip of policy uncertainties. Elevated asset prices, political uncertainties and shipping disruptions continue to pose significant downside risks for growth and upside risks to inflation. In this context, India’s economic growth continues to be the shining exception and will remain so in the years ahead.” ...

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Tech focus
Innovations Shaping the Future of Automotive Mould Manufacturing
The emergence of high-performance polymers, new moulding techniques, and advancements in Industry 4.0 technologies are set to significantly impact the automotive mould manufacturing sector’s approach to sustainability and efficiency. To remain competitive, manufacturers will need to stay updated on the latest materials and processes as well as put strategic measures in place to address challenges like fluctuating material costs, technology integration, and stringent environmental regulations. ...

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Industry Updates
  • Ather Energy to invest over INR 2,000 crore on third plant in Maharashtra
  • Bajaj Auto manufacturing plant in Brazil becomes operational
  • Nikon SLM Solutions and Wipro 3D announce strategic partnership to accelerate additive manufacturing in India
  • Toyota Kirloskar Motor signs MoU with Maharashtra for proposed new investment
  • HASCO celebrates its 100th company anniversary
  • EV maker Euler Motors unveils INR 100 crore manufacturing, R&D facility in Haryana

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