Page 3 - Auto Component Makers

Auto component maker Sansera Engineering gets Sebi's go ahead to launch IPO

Auto component maker Sansera Engineering Ltd has received capital markets regulator Sebi's go-ahead to float an initial share sale

Covid 19 effect: Auto component industry's revenue decline 3% in FY21

The fall for the second straight year comes on back of lower automobile volumes

ZF plans to invest EUR 200 mn to drive growth in India over 10 years

German automotive parts maker ZF plans to invest around EUR 200 million and strategically consolidate its business to drive growth over the next decade as it looks to double down its focus on India

Strong order book, improving cash flows positive for Motherson Sumi

Further margin gains could be a key trigger for the stock

Cummins India rides on exports, likely to gain as demand for power grows

Diesel engine maker projected to benefit as companies planning to build data centres seek power providers

Rohtak firm goes to HC against Haryana law reserving pvt jobs for locals

Govt step is against the constitution says, petition likely to be heard next week

Mahindra CIE: Margin gains, recovery in Europe biz key for the stock

To derisk the electric vehicle risk in Europe, the company is looking at increasing its market share in crankshafts, non-engine parts such as steering knuckle and aluminium forgings

India business drives strong Q3 margin performance for Mahindra CIE

The management expects profitability to improve on the back of volumes, cost reduction

Auto part makers shift to top gear as industry's growth accelerates

After being stalled by the economic slowdown and the pandemic, growth is accelerating rapidly for the industry

Factory reset: Bumps galore, but auto hubs breathe easy on sales spike

The first of a four-part series looks at signs of comeback after months of lockdown-linked pain in the automobile cluster

Resolution of semiconductor shortage may take months: Bosch India MD

In another two and a half to three years, Bosch will have 2,500 lesser associates, says MD Bhattacharya

Bosch says Covid-19 pandemic, chip shortage to weigh on carmakers in 2021

Around 85 million vehicles will roll off assembly lines around the world this year, more than the 78 million units produced in 2020 but still below the 92 million cars produced in 2019

Consistent revenue recovery key for Bosch to be seen as decent investment

Near term margin improvement will also be an area to watch out for

SKF India expects to corner higher share in auto-components market

Auto-component maker SKF expects to corner "significantly higher" share in the sector it caters to irrespective of the pace of industry's growth amid demand revival, a top company executive has said.

Tepid response to Federal Mogul OFS, bids received for less than 10% shares

Market participants said high valuation and low liquidity at the counter was behind the poor response

Auto component firms see capacity utilisation doubling to 60-95% levels

Most players expect strong demand during 45 day festive period, but tread cautiously as trend may not sustain later; Icra sees very few players going for debt recast

Auto parts imports from China down 42% during April-July: Ministry data

Industry body is optimistic about govt's push for greater localisation of components, but says indigenous manufacture will take some time

Motherson Sumi upsizes its NCD issue to Rs 2,130 cr using greenshoe option

Overall, 24 investors (including 23 qualified institutional buyers) have invested in the non-convertible debentures (NCDs)

Auto component firms eye higher exports, low imports to become self-reliant

Top official at various auto component firms said exports, which anyways have been intrinsic to the overall strategy, will increase at a rapid pace over the next two to five years

Motherson Sumi gets nod to raise up to Rs 3,000 cr through NCD issue

The move comes as the company is trying to stay afloat amid the Covid-19 disruptions the auto component sector has faced due to multiple lockdowns in the past few months