India aims to become the small car hub of the world by dethroning Japan, the biggest maker of compact cars, a majority of which is consumed domestically. Last year, it had pipped Brazil to become the second largest producer of such cars. While Japan produced 3.4 million small cars between January and December in 2009, India manufactured 1.48 million units in the same period. According to a top official from…

India is increasingly positioning itself as a globally significant steel producer and growth driver, particularly through its ambitious economic policies under Prime Minister Narendra Modi, aimed at transforming the country into a fully developed nation by 2047. A central element of this vision is the steel industry, which has been growing steadily for years and currently contributes approximately 2% to the…

New Delhi - India's Hinduja Group is planning to buy a controlling stake in French auto component manufacturer Valeo in a deal expected to to be valued around 1.5 billion dollars, a newspaper report said Monday. The Indian business conglomerate met top executives of Valeo in Paris recently and talks were on, the Business Standard newspaper reported citing unnamed sources. "The deal will provide enormous…

The foundry industry in the State fears many small and medium-sized units may have to shut down, if a new rule on electricity consumption, relating to discharge of harmonics, is implemented. Harmonics are generated by any load that draws power disproportionate to the voltage applied and affects the stability of the grid. Power regulators prescribe the standard up to which it would be allowed, beyond which…

New Delhi: In a bid to strengthen economic relationship, India and France have agreed for enhanced bilateral cooperation in areas like IT and telecommunications, energy, roads, urban development, railways and agriculture. “Indo-French trade was $8.85 billion during 2007-08... there is a need to work together to create balance in bilateral trade,” Commerce and Industry Minister Kamal Nath said on Tuesday…

India`s metal casters face IFEX 2016: See the latest statements of IIF President K. Samaraj and Subodh Panchal, Kastwel Industries President, K. Samaraj 1. Mr. Samaraj, India is the thrid biggest producer of metal castings with about 10.000.000 t/pa. Does this figure illustrate the real power of the Indian Foundry Industry? The Indian Foundry Industry has shipped around 10 Million Tons of Castings in the…

The aluminum industry on the Indian subcontinent is a highly concentrated sector with five prominent players catering to the majority of the country’s aluminum production. The country has been witnessing growing demand for aluminum in the domestic market accounting for an enviable growth in the sector. The forecast for 2012 global production of aluminum is 42 million tonne to 45 million tonnes driven by…

GIA announces the release of a comprehensive Indian report on Automotive Castings market. The Indian market for automotive ferrous castings is projected to reach 880.6 thousand metric tons by the year 2015. This is primarily driven by a rapid rise in the domestic automotive market. Additionally, the growing trend of subcontract manufacturing from developed countries to low-cost nations, such as India, also…

Indian Energy Ltd says the first three wind turbines at its Theni Project have been commissioned and are now fully operational and grid connected. In December, Indian Energy signed a contract with ReGen Powertech Private Ltd for the construction of a 49.5 MW wind farm at Theni in the State of Tamil Nadu, India. The three initial wind turbines are part of the first phase of development of the project which…

Indian foundries are reporting that business is returning - but not from U.S. or European companies. The growth has come from their own automotive industry and the demand for spare parts. One newspaper reported that foundries have increased their output 55% to 60%. The demand is driven by a number of new models being introduced to the country and low interest rate loans. The industry reports, however, that…