Samvardhana Motherson International Limited (SAMIL) has announced the acquisition of MS Global India Pvt. Ltd. (MSGI). SAMIL has acquired a 100 per cent stake in MSGI from Korea-based MS Group. With a manufacturing facility at Chennai, MSGI, a Rs.3.5 billion entity, supplies Cabin-in-White (pressed sheet metal) and frames for chassis for commercial vehicles. Having an exclusive license to use MS[Read More…]
Volkswagen is extending its co-operation with JAC to develop LCVs. Team CV Volkswagen Group will expand co-operation with China’s Anhui Jianghuai Automobile (JAC) beyond electric cars to jointly develop and build Light Commercial Vehicles (LCVs) in the world’s largest car market, claim industry sources. They draw attention to an announcement by Volkswagen and JAC to develop and build electric vehicles.[Read More…]
Nissan Leaf technology will be used in electric bus development. As part of a Kumamoto University project that aims to lower cost of zero-emission public transit, Nissan Leaf technology will be used in an electric bus test in Japan. Nissan Leaf is a 100 per cent electric car that was introduced in Japan and the United States in December 2010,[Read More…]
NBC Bearings is banking upon the rising demand for pre-set hub assemblies for strong growth. Story by: Anirudh Raheja A flagship brand of National Engineering Industries, NBC Bearings is achieving good growth. A good deal of it is being contributed by the growing demand for pre-set hub assemblies. Targeting a turnover of Rs.4000 crores by 2021, the company is supplying[Read More…]
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