Sundram Fasteners bags GM’s supplier of the year award

01 Apr 2022 CW Team

General Motors (GM) has announced Sundram Fasteners Ltd (SFL) powertrain's components division as supplier of the year in its 30th Annual Supplier of the Year awards.

This is the ninth time the Chennai-based auto component manufacturer has received the prestigious award, demonstrating its consistent quality and ability to meet global engineering benchmarks. Sundram Fasteners provides GM with critical products such as transmission shafts, radiator caps, and other components that can be found in prestigious GM brands such as Cadillac, GMC, and Chevrolet. This comes on the heels of the Ministry of Heavy Industries (MHA) approving the Company's application under the PLI Scheme's Component Champion Incentive Scheme.

The PLI Scheme aims to create a dependable supply chain for Advanced Automotive Technology (AAT) components. A minimum investment of Rs 250 crore over five years, with at least Rs 100 crore in the first two years, is required to meet the eligibility criteria.

The company has a projected investment of over Rs 350 crores for manufacturing Advanced Automotive Technology (AAT) components like powertrain sub-assemblies for Electric Vehicles (EV) and select Internal Combustion Engine (ICE) vehicles out of capital expenditure of Rs 2,000 crores planned over the next five years.

The PLI scheme, according to Arathi Krishna, Managing Director, will benefit the sector in a variety of ways by increasing localization and making India an export hub in the global auto supply chain.

Image Source

Also read: LG Energy Solution plans to increase sales by 8% in 2022

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..