The Auto Expo: Components Show was all about innovation and creativity
The talk of the town was definitely 'Make in India'. Anand Group showcased the Make in India lion and in it perfectly captured all its component products.
The company, which first started as a sheet metal supplier for Hero (formerly Hero Honda), now manufactures products a range of products.
Starting from lock kits, rear view mirrors to clutch and brake assemblies, Sandhar has everything in its kitty; as depicted in the lion.
Sona Koyo Steering Systems reported 37.35 per cent decline in consolidated net profit at Rs 4.46 crore for the December quarter of the current fiscal.
The company had a consolidated net profit of Rs 7.12 crore in the October-December quarter of last fiscal, 2014-15.
The auto components maker recently announced its plans to launch next fiscal the power steering technology for small tractors in the domestic market.
Sterling Tools reported a standalone total income from operations of Rs 88.28 crore and a net profit of Rs 6.78 crore for the quarter ended Dec 2015.
Avtec has also licensed diesel engines that have a capacity of less than 2000 cc.
The Supreme Court has barred the registration of vehicles with diesel engines at that or above as part of pollution control efforts.
MEC is mainly into manufacturing of needle rollers, cylindrical rollers, and cylindrical pins.
However, what really beautified the pavilion was the tree made up of scooter tyres.
Ralco's range of scooter tyres include - City Ride, RT-9, Super Cat, RT-12, EB-01, Energia, Blaster-ST, EB-02, and Blaster-S.
Such compounds are generally used in Heater Cases, Lamp Housings, Bumper Fascias, Instrument Panels, Interiors Trims, Interior Pillar Trims, Scuff Plates, etc.
Most of the auto part makers are upbeat at the prospects of becoming players in the global markets, matching world standards to meet exacting demands of automobile manufacturers who are under pressure to upgrade emission and safety norms.
Motherson Sumi net profit in the third quarter of FY2016 increased by 21 percent. The Indian auto component major clocked Rs 307 crore in net profit last quarter as compared to Rs 254 crore in the corresponding quarter of FY2015.
One of them being Wheels India which displayed forged aluminium wheels - 60% lighter than steel.
The 'Innovation Pavilion' focused on light weight technology.
"Investments will be made progressively over the next three years in these companies in line with market demand," an Anand Group spokesperson told ETAuto.
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