The Varroc Group put in a stellar team show to assert the competencies of its different verticals. The tier supplier showcased the next generation of product iterations, an outcome of the group having been in action all through the pandemic marred fiscal year 2020 to date. The three year time line meant that the vast exhibit spanned product categories like mirrors, lighting solutions, polymer chemistries, Advanced Driver Assistance Systems (ADAS) and from the 'Varroc Connect, telematics business unit of the group.
Averred Arjun Jain, President, Electrical-Electronics Business & Whole-time Director, Varroc Engineering Ltd., the company is very bullish on the future. Emerging relatively unscathed from the challenges of Covid-19 that were worsened by the supply chain bottlenecks that followed, it is far more secure in its prospects. The fundamental demand reduction in the developed world has only helped, he mentioned. Since 2018, the company is focused on its strategy of growing content per vehicle, successfully. The two-wheeler and three-wheeler segments presented a huge opportunity for the group. Therein the demand for LED lighting was the bigger opportunity that had to be tapped in. Drawing attention to the growth in EV exhibits, Jain admitted to the opportunity resulting out of the emobility segment as being very significant. He stressed how the company was not looking to enter emobility but already supplying to meet the demands of the segment. From Fuel Injection (FI) systems to fully LED head lamps, said to be high on localisation and performance to the EV components portfolio has the company mass producing.
It is apt that the company, from hereon, builds on the early mover advantage it has gained, explained Jain. Independent of the Total Industry Volume (TIV) and the pace of EV transition versus ICE, the company in the words of Jain is well-positioned and well-diversified to grow.
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THE IMPACT LINEUP
AT THE ANNUAL CONFERENCE, DAIMLER INDIA COMMERCIAL VEHICLES INTRODUCED THE MY24 BHARATBENZ PORTFOLIO AGAINST THE BACKDROP OF A ROBUST PERFORMANCE, WRITES RICHA TYAGI.
AFFORDABLE MECHANISATION
IN AN INDUSTRY TALK SESSION, JALAJ GUPTA, BUSINESS HEAD-COMMERCIAL VEHICLES AT MAHINDRA & MAHINDRA LTD. DISCUSSED THE FUTURE OF AFFORDABLE MECHANISATION WITH ASHISH BHATIA
UNO MINDA AFTERMARKET PROJECTIONS
UNO MINDA IS READY TO SEIZE THE OPPORTUNITY, CREATING A GREATER PULL FOR ITS PRODUCT PORTFOLIO. IN AN UPFRONT SESSION RAKESH KHER, CHIEF EXECUTIVE OFFICER, THE AFTERMARKET DIVISION AT THE COMPANY SPOKE TO ASHISH BHATIA ON THE CONFIDENT RUN.
ROBUST TRAILER UNDERPINNINGS
BPW TRAILER SYSTEMS INDIA IS CONFIDENT OF ITS GLOBALLY PROVEN AIR-SUSPENSION TECHNOLOGY. IT IS DESIGNED FOR HIGH AXLE LOADS AND SPECIALIST APPLICATIONS, WRITES ASHISH BHATIA.
ON-HIGHWAY AND OFF-HIGHWAY STRATEGIES
MAHINDRA TRUCK AND BUS DIVISION IS DRIVING ITS COMMERCIAL VEHICLE ROADMAP FORWARD WITH WELL-THOUGHT-OUT ON-HIGHWAY AND OFF-HIGHWAY STRATEGIES, WRITES ASHISH BHATIA.
ONGC EXPLORATION PLANS IN BIHAR
Oil and Natural Gas Corp (ONGC) is set to explore oil and gas reserves in Bihar, aiming to establish the state on India’s oil map.
HIGH CAPITAL EXPENDITURE IN ROAD AND RAIL SECTORS
Despite constraints imposed by the Model Code of Conduct for the Lok Sabha election, the road and railway ministries achieved a remarkable capital expenditure of Rs 5.2 lakh crore in the fiscal year 2023-24.
UBER SETTLES LEGAL DISPUTE WITH AUSTRALIAN CAB DRIVERS FOR A $271.8 MN
Uber has reached a settlement of A$ 271.8 million (£97.6 million) with Australian taxi operators and drivers to resolve a legal dispute over alleged income losses since its entry into the market in 2012.
CASE INDIA CELEBRATES THE 20,000TH VIBRATORY COMPACTOR
CASE Construction Equipment’s Pithampur facility in Madhya Pradesh, India, has achieved a significant milestone by producing its 20,000th vibratory compactor.
TATA MOTORS INAUGURATES VEHICLE SCRAPPING FACILITY NEAR DELHI
Tata Motors inaugurated its fifth Registered Vehicle Scrapping Facility (RVSF), near Delhi, named ‘Re. Wi.Re – Recycle with Respect.’ The facility was inaugurated by Girish Wagh, Executive Director, Tata Motors.