Precision Camshafts Ltd. has acquired Nashik-based Memco Engineering Private Limited (Memco) for an undisclosed sum. The development will help Precision Camshafts to further strengthen its presence in the auto industry. “It will also help us to diversify our product offering,” said Yatin Shah, Chairman and Managing Director, Precision Camshafts. Catering to clients like Bosch, Delphi, Endress+Hauser and Giro, Memco has[Read More…]
Daimler India Commercial Vehicles (DICV) recognised supplier excellence at its recent annual supplier meet. Marking the eighth edition, the supplier meet saw the CV maker honour Brakes India as an excellent partner. Motherson Sumi Systems was honoured as the excellent performer. National Engineering Industries was honoured as excellent innovator. Jamna Auto Industries was honoured as exemplary project manager. Kirloskar Ferrous[Read More…]
Scania subsidiary, the Lots Group, is expanding to Asia and South America. Post establishing a foothold in Sweden’s forestry industry by enhancing Scania’s digital services to further optimise and support customer specific transport flows, the Lots Group is looking at invading the agricultural and mining industries in Asia and South America. Convinced that the transport sector is on the verge[Read More…]
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