Magna Automotive India Private Limited

Magna Automotive India Private Limited

Company limited by shares (2) 653+ employees

Magna Automotive India Private Limited Overview

INDIA HO
MARAIMALAI NAGAR
COMPANY SIZE
501+ employees
CIN
U29100TN2009FTC070983
TYPE
Private
CATEGORY
Company limited by shares
SUB-CATEGORY
Subsidiary of Foreign Company
WEBSITE
www.magna.com
EMAIL
sandeep.srivastava@magna.com; ankur.khanna@magna.com
FOUNDED
13 Mar,2009
PAID-UP CAPITAL
1,336,464,670
AUTHORISED CAPITAL
1,550,000,000
TRADE MARK
MAGNA
ACCREDIT
ISO/TS 16949
6 Related OEMs
1 No. of plants

Company Breakup

Name share
Bodies Corporate
100.00%
Total Number Of Shareholders 2

Magna Automotive India Private Limited in News

23 Oct 2021

India won’t commit to ‘net zero’ goal at COP26

Though India is not against ‘net zero’ goal per se, the country will not commit to the 2050 timeline. It will strongly underline its demand for the developed world sticking to the principle of common but differentiated responsibility and the need to deliver on climate change mitigation finance.

22 Oct 2021

US car sharing co Zipcar drives into Bengaluru

Zipcar’s Bengaluru centre underscores tech disruptions centered around reinventing car ownership. Ride-hailing app Uber too is expanding its engineering team in India -- it wants to hire 250 engineers across its Bengaluru and Hyderabad centres to take its total strength to 1,000 by this year-end.

21 Oct 2021

Maintain existing taxes on fuel: IMF India’s ex-chief

Alfred Schipke, director, IMF-STI Regional Training Institute and former IMF India Mission chief, who led the 2021 assessment of India’s macroeconomic situation by the multilateral agency, told TOI that reducing fuel taxes in general disproportionately benefits higher-income households.

19 Oct 2021

China’s Dao EV Tech to produce 2Ws in India, plans export to America, Europe

The Chinese EV maker, formed by a group of investors from China, India and USA, opened bookings for its electric scooters in India on Thursday. Deliveries are scheduled for mid-January. After subsidies the scooter will cost INR 86,000 . The company plans to make India an export base and it will launch at least two new models every year, the company said.

18 Oct 2021

EEPC plans chapters in tier II & III cities to boost engineering exports

The Engineering Export Promotion Council of India has decided to go deep in tier-II and III cities to encourage firms in the smaller towns to join the global value chain and production networks. "Our strategy is to create more engineering exporters by moving into smaller towns all over the country through the opening of EEPC India chapters," EEPC chairman Mahesh Desai said.

17 Oct 2021

Sri Lanka seeks $500 mn loan from India for fuel purchase

The state-run Ceylon Petroleum Corporation (CPC) owes nearly USD 3.3 billion to the two main government banks -- Bank of Ceylon and People's Bank. The state oil distributors imports crude from the Middle East and refined products from other areas, including Singapore.

14 Oct 2021

Kia India drives in Sonet anniversary edition at Rs 10.79 lakh

"The Sonet has been one of our breakthrough products that have contributed to Kia's success in India. With sales of more than one lakh units in less than a year, the Sonet has already established itself as one of India's highest-selling compact SUVs.

13 Oct 2021

Indian economy is recovering from COVID-19 crisis: World Bank President

Malpass said he went to India in late 2019 and saw the changes that were being made that were quite positive in terms of the banking system, the financial system, the civil service system, and ways that India was looking for ways to improve the clean water situation which is very important in India for child nutrition for improving nutrition.

13 Oct 2021

India’s oil demand to rise 50% by 2030 against global expansion of 7%: Report

India’s oil consumption is forecast to rise from 4.8 million barrels per day (mbd) in 2019 to 7.2 mbd in 2030 and 9.2 mbd in 2050, as per the IEA’s key scenario based on stated policies. The projection shows the centrality of oil in the Indian economy over the next three decades and runs counter to BP’s forecast last year that estimated the country’s oil demand to peak in 2025.

09 Oct 2021

Taiwan views India as an attractive investment destination

Speaking to TOI ahead of Taiwan’s National Day on October 10, Wang said a Taiwanese industrial cluster was likely to come up in a southern part of India, and Taiwan Electrical and Electronic Manufacturers Association (TEEMA) would also ramp up steps to have bigger footprint in India.

08 Oct 2021

Ola to enter vehicle sales biz, hires Amazon exec

The Bengaluru-based company will enable the transactions through the Ola app, and said it intends to reach 100 cities through the new venture by next year. “Ola Cars will begin with pre-owned and, over time, will open it up for new vehicles from Ola Electric and other automotive brands... Starting with 30 cities, Ola Cars will soon scale up to over 100 cities,” it said.

Directors of Magna Automotive India Private Limited

Name DIN Email Designation Date of joining
Viney Gupta Unlock to View Unlock to View Director 11 Aug,2017
Francis Joseph Obrien Unlock to View Unlock to View Director 10 Jun,2016
Bassem Aziz Shakeel Unlock to View Unlock to View Director 10 Jun,2016
Deval Mahadev Desai Unlock to View Unlock to View Director 10 Jun,2016
Joydeep Banerjee Unlock to View Unlock to View Director 26 Jun,2015

Magna Automotive India Private Limited deals in:

Components

A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-

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Financials

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Plant Details

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Clients

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Company Structure

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