Auto component makers in an investment spree

28 Feb 2023 CW Team

During the past few days, major suppliers of car components have been on an acquisition and joint venture binge. This is encouraging news for the sector, which has not heard any announcements like this in the previous three years.

For instance, in the last week, Minda Corporation paid 4000 million for a 15.70 percent share in rival Pricol and Lumax Auto Technologies entered a strategic agreement to buy the majority of IAC Group's India business at an equity valuation of 5870 million. Analysts and industry veterans view this as evidence that the car market is rebounding strongly following the Covid restrictions.

Market confidence is high because of how strongly it has recovered. Second, businesses are actively striving to incorporate new technologies into their portfolio due to the rapid infusion of technology. Several changes are taking place, and businesses are buying up rivals who have the necessary technology to stay competitive, according to Vinnie Mehta, Director General of the Automotive Components Manufacturers Association of India (ACMA).

He claimed that the industry's long-term growth and consequent desire to keep making such expenditures are what inspires this optimism.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..