Automotive Updates - 26th February 2015

• Amtek Auto has recently bagged fresh orders worth 2,100 crore for delivery spread over two years, which would help the New Delhi-based auto component manufacturer significantly improve utilisation of its local factories, a top company executive said.Amtek Auto, one of the largest integrated component manufacturers in India with $2.7 billion revenue, finalised the deals in the past couple of weeks.The company said it has cumulative orders worth 14,000 crore for execution over the next 18 months.(Etauto.com)

• Leading Indian automotive supplier Anand Group is understood to be likely entering into a joint venture with Federal Mogul Corporation for manufacture of engine components like piston rings and gaskets. The joint venture agreement is slated to be signed in early March. The Group already has one joint venture with the American company – Federal Mogul Bearings India – set up in 2008. The company was originally established as Gabriel Engine Bearings Division in 1978 and manufactures a complete range of bi-metal copper lead and aluminium tin bearings, bushes, flanges and thrust washers. - See more at: http://www.autocarpro.in/news-national/scoop-anand-enter-jv-federal-mogul-7779#sthash.8CXEAWV4.dpuf

• Tata Motors-owned Jaguar Land Rover is mulling setting up a plant in North America to meet the growing global demand of its vehicles, according to Tata Group’s Chairman Emeritus Ratan Tata.“The company (JLR) is indeed looking at North America as a location for another plant,” Tata was quoted by Automotive News as saying at the South Carolina Automotive Summit.(financial express)

• In a bid to achieve environmental friendly manufacturing at the VW Pune Plant, Volkswagen Think Blue. Factory initiative was introduced here in 2012. The company has achieved many 2018 targets four years ahead of plan. Impact on the environment due to production of cars is measured by Energy Consumption, CO2 Emission, Water Consumption, Waste Generation and VOC Emissions. VW Pune Plant has powered on to achieve Volkswagen Think Blue. Factory targets of 2018. The plant has already achieved set targets in Waste Generation, and is close to achieving targets in CO2 Emissions and Energy Consumption as well four years ahead of time.Read more at http://www.rushlane.com/volkswagen-think-blue-factory-india-12145723.html#sxXFoIUdMDJXgTUM.99

• China-based digital CDI unit manufacturer Advance Elite Engine Component Industries Ltd will set up a manufacturing facility near Chakan.  The company, which has developed several products suitable for two-wheelers ranging from 100cc to 220cc in the Indian market, has showcased its India-specific products at the four-day ACMA Automechanika New Delhi 2015 aftermarket trade fair which opened at Pragati Maidan today. The products include a digital CDI unit and regulator rectifier (RR) unit developed for vehicles like the TVS Apache, Bajaj Boxer 100, Yamaha FZ16, Bajaj BM100, Discover 100, Honda Unicorn, Honda CD Deluxe, Honda Splendor and Bajaj BM150. - See more at: http://www.autocarpro.in/news-national/china-advance-elite-targets-indian-wheeler-oems-set-plant-chakan-7781#sthash.LVZuYcil.dpuf

• Ratan Tata has been honoured with an honorary doctorate by the Clemson University in the US for his contributions to the global automotive industry."He is truly a global leader whose impact reaches far beyond the borders of India. Tata leads with integrity and compassion and is an outstanding role model for our students," said James Clements, president of Clemson University. (Etauto.com)