Category — Sourcing
Germany’s Volkswagen and India’s Tata Motors signed a memorandum of understanding to develop components, and possibly new vehicles. Volkswagen’s Skoda Auto AS will join the project on behalf of the German automobile group. Volkswagen CEO Matthias Mueller said the partnership would help it “achieve sustainable and profitable growth in very different parts of the world.”
Toyota is in talks to form a business partnership with Japan’s Suzuki, in areas such as green vehicles, safety and information technologies, and mutual supply of products and components. Toyota President Akio Toyoda and Suzuki chairman Osamu Suzuki met with Prime Minister Modi. According to a statement from the prime minister’s office, the executives discussed manufacturing opportunities in India, and the possibility of exporting cars from the country, reports CNN Money.
Toyota has taken full ownership of small car specialist Daihatsu Motor Co., and the latter’s products are expected to be introduced in India in 2019.
March 14, 2017 No Comments
The Mississauga, Ontario-based Magellan Aerospace announced plans to construct a manufacturing and assembly plant in India. The 140,000 sq ft building will be constructed on seven acres in the Aerospace Special Economic Zone near the Bangalore International Airport. The company provides complex assemblies for aircraft and engine manufacturers, and defense and space agencies.
Phillip Underwood, president and chief executive officer said, “Magellan’s expanding footprint in India, and increasing spectrum of capabilities, reflects the company’s commitment to provide competitive solutions for major commercial customers.”
The CDN $28 million manufacturing and assembly plant will be constructed in three phases, and Magellan plans to break ground for it in June reports Canadian Business. The unit will support the production of larger work packages for major structural assemblies, fabrications, and machined components for the global market, the company announced.
February 22, 2017 No Comments
Pratyush Kumar, current president, Boeing India, will lead this new initiative which will expand its engagement with India’s Ministry of Defense to deliver advanced capability and readiness to India’s military customers and develop a competitive supplier base that is integrated into Boeing’s global supply chain, reports the Economic Times.
February 8, 2017 No Comments
Illinois-based Ionic MSM Inc., a health and wellness firm, has setup a fully integrated production unit at Jaipur in the northwestern state of Rajasthan, to manufacture products based on an organic form of sulfur called methyl sulfonylmethane (MSM) for India and other Asian markets.
The new entity, Ionic MSM Ltd., is promoted by industrialist Dr. Santosh Kumar Bagla (not related to me!) who said that in India, the company had launched more than 40 products used in cosmetics, health care, pain management, and veterinary products, reports Business Standard.
The parent company estimates that the India and Asia markets will provide business worth $80 million in the next 5 years.
February 8, 2017 No Comments
India is fast developing as a hub not only for small car manufacturing, but for their export as well, reports AutocarProfessional. Factors that contribute to this phenomenon are: the abundance of a skilled labor force, the low cost of manufacturing, and the upskilling of the supply chain that can now meet international quality standards. As India enters into more Free Trade Agreements globally, additional new markets will offer new opportunities for the passenger vehicle industry.
From April – November 2016, total shipments of passenger vehicles were 499,037 units, which mark a year-on-year rise of 16.22 percent. The big gainer is Ford India with 102,481 units (+37%) exported, thanks to the new Figo which is sold as the Ka+ in the United Kingdom and Europe. Volkswagen India reports 23 percent year-on-year gains having exported 56,553 units. GM India has similarly seen a surge in exports of its left-hand-drive Chevrolet Beat to Mexico, Chile, Peru, and central American and Caribbean Countries, Uruguay and Argentina. The company exported 43,015 units, a 240 percent year-on-year growth, adds AutocarProfessional.
December 27, 2016 No Comments