Newscast

50,000 startups registered in India

The cumulative startup strength indicated by registrations in the country has hit the 50,000 mark. Drawing attention to the feat, an indicator of a well-oiled ecosystem, Piyush Goyal, Minister for Commerce and Industry, Textiles and Consumer Affairs said, “We have a startup system across the length and breadth of the country. It’s the third largest ecosystem in the world.” Notably, out of the 79 unicorns in India, four are from Pune alone. Women are also known to be an important pillar of the foundation in nearly 46 per cent of these registered startups. In a city-wise bifurcation, it was revealed that Pune accounts for 3200 startups with 3274 startups registered out of Mumbai in a healthy neck to neck competition as per the minister. He called for the need of a continued collaboration between startups, industry, academia and research.

RBI credit policy

The Reserve Bank of India (RBI) continues its accommodative stance. RBI Governor Shaktikanta Das began by drawing attention to the Gross Domestic Produce (GDP) expansion by 13.5 per cent. He expressed satisfaction with external financing requirements remaining moderate. Informing that one must take cognisance of policy actions being mobilised at an unprecendented scale, Das cited the unity of various stakeholders brought about by the pandemic. Keeping a status quo on policy rates and statistics, the Governor admitted that private investment has been lagging and consumption remains below the pre-Covid19 levels. However, in a silver lining, both the exports and the imports are known to have surpassed pre-Covid19 levels. Headwinds continue with supply-side bottlenecks, and volatile commodity prices. The Governor also admitted to Omicron adding to the complexities.

GoI Promotes MSME exports

The Government of India (GoI) is taking several steps to promote and diversify MSME exports. Out of the USD 198.26 bn worth of exports between April-September, 2021, MSME related exports accounted for ~45.80 per cent (valued at USD 90.80 bn). The GoI initiatives include the establishment of 52 Export Facilitation Centres (EFCs) with an aim to provide requisite mentoring and hand holding support to MSMEs, for exporting their products and services in turn to global markets. In addition, 102 Enterprise Development Centres (EDCs) are offering professional mentoring and hand holding support services to existing as well as aspiring entrepreneurs with a special focus on rural enterprises. Through the MSME technology centres, technical support and consultancy services are provided. Remission of Duties and Taxes on Exported Products (RoDTEP) and Rebate of State and Central Levies and Taxes (RoSCTL) scheme launched with effect January 01, 2021 is one initiatives to push MSME exports.

BPCL partners BARC for H2 production

Bharat Petroleum Corporation Limited (BPCL) collaborated with Bhabha Atomic Research Centre (BARC) to scale-up the alkaline electrolyser technology for green hydrogen (H2) production. It is claimed to be a first of its kind initiative to support the country’s commitment to achieve renewable energy targets and reduce greenhouse gas emissions. Instead of refineries having to use large quantities of Hydrogen for desulfurisation to make petrol, diesel and other chemicals, the large scale electrolysers will help produce green hydrogen from water and thereby expected to decarbonise H2 production. Arun Kumar Singh, Chairman and Managing Director at Bharat Petroleum Corporation Ltd. said, “We intend to scale up the Indigenous Alkaline Electrolyser Technology and look forward to commercialising it for large scale use especially in refineries.” Looked at as a step towards the journey of achieving net zero emissions by 2040, BPCL wants to expand its portfolio of renewable energy with solar, wind and biofuels.

Motherson enters DJSI

Motherson Sumi Systems Ltd. (MSSL) has entered the 2021 list of Dow Jones Sustainability Indices (DJSI). It has become the only Indian automotive component company to have made it to the list. Talking about the feat of qualification, Laksh Vaaman Sehgal, Vice Chairman, MSSL said, “Our inclusion into the Dow Jones Sustainability Indices highlights our continuous efforts to improve sustainability across all three Environmental, Social and Governance (ESG) pillars.” The company has been practising sustainability in its business and has also joined the UN Global Compact in 2021 to support its development, implementation, and disclosure of responsible business practises. DJSI is known to set global sustainability benchmarks in the market.

Schaeffler signs MoU with Guidance

Schaeffler India Ltd. has signed an Memorandum of Understanding (MoU) with Guidance, the nodal agency for the Government of Tamil Nadu (GoTN). It is focussed on investment promotion and facilitation with an investment of around INR 3000 million over a period of four years for greenfield expansion, Schaeffler is looking at expanding its footprint in the state of Tamil nadu. Through this MoU, the company will be developing a new plant at Hosur for transmission components and systems. The MoU was signed at the Tamil nadu Investment conclave in Coimbatore in the presence of M.K. Stalin, Chief Minister of Tamil Nadu. Harsha Kadam, Managing Director and Chief Executive Officer (CEO) and Satish Patel, Chief Finance Officer and Director of Finance. GoTN, through this collaboration, will be providing infrastructural and regulatory support to Schaeffler India on a best-effort basis including the single window facilitation as per Tamil Nadu Business Facilitation Act 2018. The union will also help promote tangible economic and social benefits to the state while generating direct employment.

ARAI turns 55

Automotive Research Association of India (ARAI) turned 55. Founded in 1966, the Pune based nodal agency has had a stellar journey since its inception as a co-operative industrial research association formed in collaboration with the Ministry of Industries, Government of India. The Association’s primary objectives are Research and Development (R&D) in automotive engineering for industry, product design and development, evaluation of automotive equipment and ancillaries, standardisation, apart from offering technical information services. On the upskilling front, it also offers advanced courses on the application of modern technology with the conduct of specific tests through both offline and online mediums.

Battery safety test lab at ARAI

The foundation stone for the Battery Safety Test Lab at ARAI was layed down recently within the ARAI Centre of Excellence (CoE) for green mobility at Chakan, in Pune. Aimed at meeting the industry’s requirements for electrical and mechanical abuse testing of electric and hybrid vehicles, going forward, additions will include the thermal runaway, a fullfledged BMS simulator, water immersion, and battery pack crush facilities. Given the increasing variety, sizes, capacities, and volumes of xEV batteries being directed to ARAI for testing, validation, and development, these facilities are expected to supplement the existing test capabilities for green mobility at the CoE. Dr Mahendra Nath Pandey, Union Minister of Heavy Industries and JS Amit Mehta of the Ministry of Heavy Industries, Government of India are also known to have met with industry leaders and dignitaries from the Society of Indian Automobile Manufacturers (SIAM) and Automotive Component Manufacturers Association (ACMA) India where indigenous technologies like Adaptive Front-Lighting System (AFLS), an autonomous vehicle development platform - Swayam Go, a hybrid technology platform for two- and threewheelers (L-category) – Dvi, an Intelligent Vehicle Controller (iVCON) for xEV, and EV charging units (AC & DC) were among those displayed.

Sustainable measures by ZF on the shopfloor

Walk into a shopfloor and pallets can’t be ignored. They form the backbone of the supply chain at manufacturing shopfloors across the globe. Be it stacking, storage, transportation, or for safety of goods as a mainstay at manufacturing plants. The erstwhile wooden pallets have given way to new, sustainable materials. At ZF India, reusable pallets are driving the reduced use of wood and a higher productivity. This is claimed to have bettered cost economics at the transmission major. The implementation of a new sustainable packaging system at the company’s Coimbatore unit demonstrates how economic efficiency and environmental protection are interlinked and can coexist in the same universe.

Anti-dumping duty on axles from China

The anti-dumping duty on trailer axles were due for expiry on November 28, 2021. It entailed import from China PR and the levy is valued at USD 0.14 to USD 0.46 per kilogram on trailer axles in completely knocked down and semi knocked down form. In the latest notification from the Directorate Genreal of Trade Remedies, the Department of Commerce, the duty has been renewed. The anti-dumping duty on the product was imposed by the Ministry of Finance in November 2016.

Now read your favourite magazine wherever you go...Now read your favourite magazine wherever you go... Available on PC... Mac... Tablet... or any other handheld device! Now read your favourite magazine wherever you go... Available on PC... Mac... Tablet... or any other handheld device! Available on PC... Mac... Tablet... or any other handheld device!

www.autocomponentsindia.com

Vol 8 Issue 11

www.autocomponentsindia.com Vol 7 Issue 01 January 2022 March 2020www.autocomponentsindia.com

Vol 7 Issue 02

April 2020www.autocomponentsindia.com

Vol 7 Issue 01 March 2020 ` 100 ` 100` 100

` 100

Upfront

` 100 ` 100` 100

www.autocomponentsindia.com March 2020www.autocomponentsindia.comApril 2020www.autocomponentsindia.comMarch 2020

COMPONENTS INDIA Entries Now Open VOICE OF THE AUTOMOTIVE SUPPLIERS

Vol 7 Issue 01 The Road Ahead

COMPONENTS INDIA Panasonic MirAIe Smart Factory VOICE OF THE AUTOMOTIVE SUPPLIERS 6th ANNIVERSARY

Vol 7 Issue 02 COMPONENTS INDIA AUTO EXPO 2020

VOICE OF THE AUTOMOTIVE SUPPLIERS Value Chain Decisions For Tomorrow

Vol 7 Issue 01 COMPONENTS INDIA VOICE OF THE AUTOMOTIVE SUPPLIERS Supply Chain Crisis Management 6th ANNIVERSARY

COMPONENTS INDIA

VOICE OF THE AUTOMOTIVE SUPPLIERS 6th ANNIVERSARY AUTO EXPO 2020

COMPONENTS INDIA AUTO EXPO 2020 VOICE OF THE AUTOMOTIVE SUPPLIERS Value Chain Decisions For Tomorrow

COMPONENTS VOICE OF THE AUTOMOTIVE SUPPLIERS Supply Chain Crisis Management 6th ANNIVERSARY

AUTO EXPO 2020

@autocomponentsindiaofficial @ACImagazine @autocomponentsindia www.autocomponentsindia.com ACI Mag t.me/acimagazine

#Trending Defect Prediction In Automotive Plastic /acimagazine

International Components at EICMA 2021 Brose India: Relying on Speed l ZF WABCO Shareholding Acquisition MECHATRONICS AN INTEGRATED APPROACH Integration for BSVI Compliance l The Turkish Components SphereBrose India: Relying on Speed l ZF WABCO Shareholding Acquisition MECHATRONICS AN INTEGRATED APPROACH @ACImagazine /autocomponentsindia /autocomponentsindiaofficial

MECHATRONICS AN INTEGRATED APPROACH www.autocomponentsindia.com Brose India: Relying on Speed l ZF WABCO Shareholding Acquisition Integration for BSVI Compliance l The Turkish Components SphereBrose India: Relying on Speed l ZF WABCO Shareholding Acquisition

MECHATRONICS

AN INTEGRATED APPROACH /autocomponentsindiaofficial @ACImagazine /autocomponentsindia www.autocomponentsindia.com

Available onAvailable onAvailable on Digital PlatformDigital PlatformDigital Platform

Continental Automotive ShyTech displays

Continental Automotive GmbH (Continental) introduced what it calls the future of displays. Aimed at four-wheelers, the Shytech displays essential information and relays it when needed instead of cluttering the screen. The ShyTech display converts the dashboard into a screen instead of having to mount it separately on the dashboard. The latter is considered an obsolete practice which negatively impacts the aesthetic appeal. With ShyTech, the dash is divided equally between the driver and the passenger. It claims to overcome glares with multiple background options to choose from thereby enhancing driver visibility.

Dassault Systèmes MoU with TIDCO

Dassault Systèmes has signed a Memorandum of Understanding (MoU) with Tamil Nadu Industrial Development Corporation (TIDCO) to establish The Tamil Nadu Center of Advance Manufacturing (TANCAM) at the TIDEL Park, in Chennai. The Centre of Excellence (CoE) in India, TANCAM will provide a dedicated IT engineering ecosystem to support the Micro, Small and Medium Enterprises (MSMEs), startups and students across Tamil Nadu. It is expected to fuel the growth areas as diverse as aerospace, defence, automotive and electric vehicles. As part of the MoU, signed in presence of Thiru M.K. Stalin, Chief Minister of Tamil Nadu, and Deepak NG, Managing Director, India, Dassault Systèmes, the COE will offer an engineering digital platform to support product design, composites, simulation and digital manufacturing, along with a 3D printer- and a virtual reality-setup.

Uno Minda and FRIWO AG Joint Venture

Uno Minda and FRIWO AG have signed on for a Joint Venture (JV). Timed to benefit from India’s EV revolution, the JV has FRIWO holding a 49.9 per cent minority stake. Nirmal K. Minda, Chairman and Managing Director of Uno Minda said, “The partnership has been forged at an opportune time where the EV industry is on the cusp of a growth trajectory facilitated by favouable government policy and incentives.” Uno Minda intends to invest Euro 15 mn in FRIWO AG through a capital increase aimed at strengthening the two company’s industrial partnership. The proposed transaction and capital measure are subject to regulatory approval, including approval from the RBI. Uno Minda will open up its state-of-the-art production facilities to the JV to help meet the growing client demands and push for delivery of high-quality customised e-solutions in record time.

ewscastN

Cummins H2 fuel cell innovation centre

Cummins Inc. has opened a Hydrogen Fuel Cell Powertrain Integration Centre in West Sacramento, California. Aiming at scaling the green hydrogen economy in the United States, Cummins is investing in two types of hydrogen fuel cells including proton exchange membrane (PEM) fuel cells and solid oxide fuel cells (SOFCs). At the facility in California which is spread across 18,000 sq. ft., the focus will be on PEM, considered to be a good solution for high-power transportation applications, like heavy-duty or long-haul trucks. When the hydrogen used to fuel a fuel cell vehicle is green, the result is zero-carbon transportation, the company mentioned in its release. Through this facility, Cummins is working towards making zero-emissions fleets a reality for customers with its PEM fuel cell technology. Designed specifically for hydrogen innovation, including safety features, the new facility will also house fuel cell integration and fuel cell powertrain development and testing, controls and electrical engineering. Talking about the new facility, Amy Davis, Vice President and President of New Power at Cummins Inc., said, “Our presence in West Sacramento is important to advancing hydrogen technologies while being a central part of the decarbonisation conversation in the United States.”

Annual BMW order for microchips RFID module to optimise tyre management

Microchip developer, INOVA Semiconductors and GlobalFoundries, manufacturer of feature-rich semiconductors has secured an order from BMW for the supply of several million microchips per year. Aiming at securing semiconductor supplies for the long term, BMW will use these micro chips in the ISELED smart LED technology co-developed by the BMW Group. This technology will be first deployed in the BMW iX and rolled out in further models. Through this agreement BMW is looking at building a more resilient supply chain partnership approach to regain supply-demand balance for chips in the automotive industry as well as efforts to further accelerate technology innovation. Talking about the agreement, Dr Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network, said, “We are deepening our partnership with suppliers at key points in the supplier network and synchronising our capacity planning directly with semiconductor manufacturers and developers.” ‘This improves planning reliability and transparency around the volumes needed for everyone involved and secures our needs for the long term,” he added. Murata Manufacturing Co., has partnered with Michelin to develop a new generation of RFID modules. Embedded into the tyres, these RFID tags do not require an external power supply module and claim to deliver an extremely high mileage. Claimed to be a low cost solution with an easy tyre traceability through the lifespan, it is said to enable the management of inventory logistics, aftermarket maintenance, and recycling operations. “RFID technology is a key enabler to gain efficiency and optimise tyre operations, but also to improve the customer experience while identifying tyres and associating data. An embedded tag is the only way to identify tyres, from the cradle to the grave, consistently,” says Jerome Barrand, Michelin RFID Program Leader. “This new generation of RFID tags is already in more than four million Michelin tyres. As the technology is also available, from now on, to any other tyre manufacturer, this shall foster market adoption,” opined Barrand.