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auto parts

Canadian auto parts billionaire Frank Stronach, 91, arrested on sexual assault charges

by Walter Watson
Canadian auto parts billionaire Frank Stronach, 91, arrested on sexual assault charges

Austrian-Canadian auto parts billionaire Frank Stronach was arrested on sexual assault charges spanning decades, police said. The 91-year-old was charged on Friday with five crimes including rape, indecent assault on …

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Efforts to boost localisation adding on to revenue of component firms

by Horatio Thompson
Efforts to boost localisation adding on to revenue of component firms

India’s love for larger, feature-rich vehicles, coupled with efforts being undertaken by stakeholders to deepen localisation, is turning into a boon for local autos parts makers with component sales in …

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U.S. ‘beginning’ internal discussions about renewing North American trade pact

by Walter Watson
U.S. ‘beginning’ internal discussions about renewing North American trade pact

For anyone with lingering night terrors from the last renegotiation of NAFTA, the notion of reopening the pact might evoke the trailer for a classic horror movie sequel: It’s baaaaa-aaaack.  But …

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Tesla India: Tesla interested in coming to India, aims to source $1.9 bn auto parts from country this year: Commerce Minister

by Horatio Thompson
Tesla India: Tesla interested in coming to India, aims to source .9 bn auto parts from country this year: Commerce Minister

US-based automaker Tesla Inc is interested in coming to India and is aiming to source $1.9 billion worth of auto parts from the nation this year, Commerce Minister Piyush Goyal …

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Ramkrishna Forgings acquires Multitech Auto, Mal Metalliks for Rs 205 crore

by Horatio Thompson
Ramkrishna Forgings acquires Multitech Auto, Mal Metalliks for Rs 205 crore

Ramkrishna Forgings Ltd on Monday said it has acquired Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks Private Limited for Rs 205 crore. Multitech Auto and Mal Metalliks …

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DGGI seeks higher GST from auto parts makers

by Horatio Thompson
DGGI seeks higher GST from auto parts makers

Goods and services tax authorities have raised higher tax demands to several automotive component manufacturers, citing a Supreme Court judgement regarding a company owned by the West Bengal government. The …

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