Sector: Auto Ancillaries
Castrol hires a new MD from Hindustan Unilever
Kedar Lele is joining as the new Managing Director, effective November 1. Lele succeeds Sandeep Sangwan, who has been elevated to the position of Global Chief Marketing Officer at Castrol headquarters in London. He has a total work experience of more than 26 years, of which 18 years has been spent at Unilever in various … Read more
Sona targets East for growth
Sona currently relies heavily on North America and Europe for 66% of its revenue. India contributes 28%. It’s current focus regions in the West (America and Europe) are plateauing and hence the Company is looking to expand into China, Japan, and South Korea. The targets are all 3 segments – electric, hybrid as well as … Read more
Ceat acquires Camso business from Michelin
Camso is a premium brand in construction equipment tyre and tracks with strong equity and market position in EU and North American aftermarket and OE segments. The acquisition will give CEAT access to 40 global OEMs and broaden its product offering into construction tyres and bias tracks. It’s an all cash deal valued at $225 … Read more
Epsilon Advanced Materials plans Rs 9,000-crore anode facility in Karnataka
Battery materials manufacturer Epsilon Advanced Materials is planning to set up a Rs 9,000-crore anode plant in Karnataka with an annual production capacity of 90,000 tonne, a top official of the company said. The investment in the plant would be made in two phases. In the first phase, Rs 4,000 crore would be invested and … Read more
Amara Raja signs MoU with Piaggio India
Amara Raja Advanced Cell Technologies Private Limited (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility Limited (AREM), has signed a Memorandum of Understanding (MoU) with Piaggio Vehicles Private Limited, a 100% Indian subsidiary of the Italian auto giant, Piaggio Group. ARACT will collaborate with Piaggio India to develop and supply LFP (Lithium … Read more