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.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..