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Ford motors tests large scale 3D printing with lightweighting in mind
NEW DELHI: Ford Motor Co. is exploring the dimensions of an all-in-one machine, becoming the first company to test Stratasysys’ Infinite Build 3D printers carmakers can print car spoilers and other automotive parts for prototyping and future vehicle production. Stratasys Infinite Build The system can print automotive parts of virtually any shape or length, which could be a breakthrough for automotive manufacturing and provide a more efficient and cheaper way to produce small batches of molds, prototype parts or assemblies. Ford performance vehicles or customized automotive parts. Ellen Technology Leader Ford Additive Manufacturing Research Lee “With Infinitetet” Build technology, we can now print large format tools, fixtures, and components, giving us more flexibility in design iterations.” “We are excited to use Stratasys soon. an emerging technology that will help guide the development of automotive applications and large-scale printing. ‘...
MerryBecky
57
May 21, 2024
Maruti spare parts biz in top gear, grows 19.3% in 2015-16
Chennai: Automobile market leader Maruti Suzuki is eyeing new products as its business has grown exponentially in the last five years. The company’s spare parts and accessories business has grown at a compound annual growth rate of 19.3% (CAGR) over the last five years growing at around 19% from 2015-2016. Now, Maruti is working on a comprehensive strategy to capitalize on the opportunity to launch its latest models, such as the accessories-focused Vitara Brezza, and grow in the premium trim segment. In fact, the spares and accessories business grew by 132% from Rs 24.03 crore in 2011-122 to Rs 55.719 crore in 2015-16 (see table). The three-pronged strategy includes expansion of Maruti Genuine Parts (MGP) retail outlets and MGP dealers, introduction of new accessories and parts, and educating customers on the use of genuine parts. The strategy also includes introduction of Regional Parts Distribution Centers (RPDCs) to reach out to customers, expansion of MGPP retail ou...
AubreyDickey
69
May 21, 2024
French auto parts maker Valeo to invest $100 million in India
PARIS: French auto parts maker Valeo is investing in India’s engineering capabilities, growing middle class and regulatory changes. The company, which is worth 162 The company plans to invest about $100 million billion dollars (Rs. 66.51 billion) in India over the next two to three years, hiring 10,000 Many engineers to support local and global operations. India’s middle class is growing rapidly, their spending power is increasing, and new regulations will add value to our products. We plan to hire software and production engineers to support the global market. ” said CEO Jacquesssess Andr Aschenbroich to ETin in an interview. Aschenbroich (Aschenbroich) in 1987-1988 as a French bureaucrat and minister, he was a central figure in the development of the company’s CO2 reduction technology and strategy for emerging markets such as India. He said that China’s current revenues are about 18% Projected future $1 billion Projected future $1 billion Ind...
FrancisAttlee
66
May 21, 2024
Bharat Forge acquires US-based WFT and PMT Holding
NEW DELHI: Auto parts giant Forge today said it has acquired Walker Forge LLC (WFT) and PMT Holdings Inc in Tennessee, US, for $14,000 said million (about Rs 9.51 crore). The BSE filing said, “Bharat Forge Ltd, through its wholly owned subsidiary Forge America, has acquired Walker Forge LLC (WFT) and PMT Holdings Inc, Tennessee, USA, for USD 14 million. USA. The company added, “With the closing of the transaction, Walker Forge Tennessee LLC and PMT Holdings Inc, USA have become indirect subsidiaries of the company.” The company announced the acquisition last month and said it aims to expand its product range in the automotive and other industrial sectors. WFT It is a supplier of composite and high-alloy steel, engine and chassis components to many customers in the automotive and industrial sectors. This American company expects to realize revenues of $280,001,000 this year, following the announcement of $1,000 Revenues of $100,000,000 after its revenue ...
UriahPartridge
90
May 21, 2024
Volvo plans Hybrid, E-cars to take on German rivals
MUMBAI: Swedish luxury carmaker Volvo Cars India, located on the outskirts of the Indian market, is looking to challenge Germany’s big three luxury carmakers Mercedes-Benz and BMW-which will be launching a slew of hybrid and electric cars in the coming years. And Audi. 2020 Volvo plans to double its market share to 10 percent annually by 2020 and is considering introducing electric and hybrid options to its portfolio of entry-level to top-of-the-line cars over the next three years, which could eventually lead to increased sales. It can be assembled in China. The Volvo India automaker launched the car space a month ago. Eventually, the company could be 10 years old This year have 4 to 5 hybrid and electric cars in the country. Launching the new Volvo SSS 90′ last week Tom Von Bonsdorff, managing director of Volvo Cars India, told the Economic Times that the company sees its hybrid portfolio as a key differentiator. “We really want hybrid to be known as our...
EliJack
60
May 21, 2024
Continental opens electronic braking system manufacturing facility in Manesar
NEW DELHI: Automotive component manufacturer Continental today launched an electronic braking system at its four-wheeler system manufacturing facility in Manesar, Haryana. Felix Bietenbeck, Head of Vehicle Dynamics, Chassis & Safety, Continental “We have an annual installed capacity of 60 units We will have 10,000 vehicles in 2017 and we will have the investment from 2017 to 2018 to double the capacity to 1.2 10,000 units. Invest in India. This capacity expansion is aimed at meeting the demand of four-wheeler manufacturers, but there are also discussions to increase capacity for two-wheeler systems. /p “There are as many as 105 road fatalities in India, of which 30% are due to two-wheeler accidents. India is currently taking proactive steps to improve vehicle safety and demand is expected to be strong.” Bittenbeck added. Claude d’Gama Rose, Managing Director, Continental Automotive Components India He said that India is an important market for Co...
MarjorieHearst
72
May 21, 2024
Bosch to hire over 3,000 associates this year
Mumbai: Bosch, a global technology and services provider, will hire about 3,200 employees in the country this year, executives said. Speaking to reporters here today, Vijay Ratnaparkhe, President and Managing Director, Robert Bosch Engineering and Business Solutions, said, “Bosch is likely to hire around 3,200 people in this country this year Number of employees.” The R&D arm of the Bosch Group is Robert Bosch Engineering and Business Solutions. Ratnapak is being interviewed. He said the company has employed 10,000 people in the country in the last six years The total number of domestic employees has reached 18,000 people. The company plans to hire employees in Bengaluru, where its R&D center is located, and in Coimbatore. “We will hire 1, 9200 in Bangalore The rest of the hiring will be done in Coimbatore,” he said. On areas of hiring, he said, “We are looking for talent in the areas of competencies, data analytics and artific...
RonNora
71
May 21, 2024
Bharat Forge to buy Walker Forge Tennessee for $14 mn
The deal is worth $14 million and will be funded through internal accruals. NEW DELHI: Auto parts giant Bharattt Forge plans to expand its business by acquiring US-based Walker) Forge Tennessee LLC (WFT) for $14 million (about 9.5 Acquisition). product range in India. industrial sectors such as automobiles. The company’s Finance and Risk Management Committee has approved the proposed acquisition of 100% stake in WFT through its US subsidiary Bharatt Forge America, the company said in a statement. p “The acquisition of Walker Forge Tennessee establishes a strategic manufacturing base in North America, leverages existing customer relationships and enables the company to address new end-market segments and expand our product portfolio.” Said N Kalyani, Managing Director Chairman and Chairman, Bharat Bababa. Forge Express. The company said that the proposed acquisition is focused on increasing the company’s product offerings in passenger cars, commercial ...
RoxanneWheatley
70
May 21, 2024
Amtek Auto, 3 units agree to equity infusions by new investors
NEW DELHI: Automotive component maker Amtekek Auto today said a meeting held by the joint committee of Amtek Auto, Metalyst Forgings, ARGL and Castex Technologies approved a proposal by new investors to infuse fresh capital into the four group companies. The plan also envisages broader corporate restructuring, including domestic business combinations and ongoing asset monetization, to support the proposed plan. Amtek Auto said in a statement, “The boards of Amtek Auto Ltd, Metalyst Forgings Ltd, ARGL Ltd and Castex Technologies Ltd discussed the proposed equity investment.” , subject to lender approval. Amtek Auto in a statement: The investors said they would contact the lenders to implement the proposed master plan. He added, “The plan will create an enterprise value (EV) that reflects underlying asset values, underlying cash flows, and a reasonable capital structure for the benefit of all of the company’s stakeholders.” Amtek Auto stock clo...
VeraZechariah
69
May 21, 2024
SBPFL inaugurates its third manufacturing facility in India
NEW DELHI: Sona BLW Precision Forgings Limited (SBPFL) is worth $8 Sona1 billion Part of the group has opened its third manufacturing facility in the country. Apart from India, Sona BLW has three plants in Germany one in Hungary and one in Germany. Sona BLW plans to invest Rs 10 billion in the facility over the next two to three years. The facility is expected to create about 3,000 jobs. The plant will increase the capacity of Sonaa. BLW by 30%. “Sunjay, Managing Director, Sona BLW, is committed to creating great value through local sourcing, creating more employment opportunities and delivering high quality products. Kapur said. Sona BLW Maruti’s customers include companies like Maruti Suzuki, Tata, TAFE, Mahindra Mahindra, ITL, John Deere, Escorts, DICV Trucks India, Volvo Eicher and New Holland India. We also export automotive components to world leading automobile manufacturers like John Deere, American Axle, Linamar, CNH and DANA.
ColinJoule
69
May 21, 2024
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