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WinniLamb
Shining a light on the lesser-known stories of industries, their technologies and innovations.
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WinniLamb
Release Time:2024-06-02
Magna International opens two factories in Sanand, sees strong growth in India
Mumbai: Magna International, North America’s largest automotive parts supplier, has built two new plants in Sanand to fuel its future growth in India. The Canada-based, $360 1 billion auto parts giant plans to double or more than triple the size of its operations in India to nearly 450 times to $500 million in the next three to four years. On Wednesday, the company opened two plants for its seating division—-Magna Seating (part of Magna Motors India Private Limited) and Cosma International (a part). The investment in the Sanand plant reflects Magna’s commitment to the Indian market, Disai, Country Manager, India, Magna International, told The Economic Times. “It meets our current needs. If we need more production capacity, we may decide to expand in the future. We have enough production capacity to support Ford and other OEMs in Sanand. We are not only manufacturing in India and preparing for future growth. export, but we also design locally and t...
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WinniLamb
Release Time:2024-06-02
Auto parts companies face late payments
Representative photo (This article was originally published on April 8, 2020.) NEW DELHI: Due to COVID-19, carmakers Renault, Nissan, top two-wheeler seller Hero MotoCorp along with local firm Eicher Group factories and retail outlets were closed for 21 days, which will lead to a delay in partial payments to many vendors in the year 2000. Go to the automotive industry. Force majeure is a term used to describe unforeseen circumstances that prevent someone from performing a contract. Sources said the decision could lead to a delay in total payments starting from $50 Rs 100 crore to Rs 100 crore. In a letter to suppliers, the companies cited the downturn in business and promised to repay the debt when things return to normal. India’s largest two-wheeler maker said in the letter, “As things stand, Hero MotoCorp (HMCL) has no receivables, its on-site inventory of BS4 and BS6 vehicles and its all-India dealerships have been closed for 21 days.” , We have no opti...
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Release Time:
February 23, 2024, 6:13 PM
Accessibility or driving of modified vehicles is facilitated by special features that make them easier for people with disabilities to use. Among these modifications are wheelchair ramps or elevators. manual brakes and acceleration controls. adjustable seats. and voice-operable systems. Persons with disabilities can greatly benefit from vehicle modifications in terms of mobility and independence.
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