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

Products

13 May 2026

Kerakoll Launches -Garv Se Growth- for Contractors

Kerakoll India has launched ‘Garv Se Growth’, a campaign aimed at recognising, rewarding and supporting India’s contractor and mason community engaged in tile and stone laying work.The initiative brings together a series of loyalty-led programmes focused on professional growth, recognition and welfare support for contractors and craftsmen associated with the brand.According to the company, the campaign is built around two themes — pride in craftsmanship and long-term growth opportunities for the workforce engaged in the tile and stone industry.As part of the initiative, Kerakoll has in..

Allu Cinemas Installs 727 kW Solar System with Freyr

Allu Cinemas, Kokapet, has partnered with Freyr Energy to commission a 727 kW rooftop solar power system at its cinema facility in Hyderabad with an investment of Rs 22.76 million.The installation is expected to meet nearly 60 per cent of the cinema’s energy requirements, making it one of the largest solar deployments for a cinema complex in the region.According to the companies, the project is expected to reduce annual electricity expenses from around Rs 5.2 million to nearly Rs 0.5 million, generating estimated yearly savings of Rs 7.7–8 million.The solar installation is also projected t..

Kaizen AI Discusses Real Estate AI Adoption Across Projects

Real estate developers, architects and technology firms discussed the growing implementation of artificial intelligence across active projects in India, Dubai and the United States during a media interaction held in Mumbai this week.The discussion focused on how AI-driven systems are increasingly being used in live real estate projects to evaluate planning, parking, efficiency, cost and constructability at a scale beyond conventional workflows.Kaizen AI, which has worked on more than 200 projects globally, showcased how AI-led optimisation systems are being integrated into developments across ..