- Shriram Pistons & Rings Limited
- SPRL
- TGPEL Precision Engineering Limited
- Auto Components
- Acquisition
SPRL To Acquire TGPEL Precision Engineering Limited For INR 2.2 Billion
- by MT Bureau
- December 10, 2024
Shriram Pistons & Rings Limited (SPRL), one of India’s leading auto component manufacturing companies, is all set to acquire TGPEL Precision Engineering Limited, formerly known as Timex Group Precision Engineering Limited, through its wholly owned subsidiary, SPR Engenious Limited (SEL), to consolidate and strengthen its position in the manufacturing of high-precision injection moulded components.
With a debt-free, cash-free enterprise value of INR 2.2 billion, the proposed acquisition aligns with SPRL's long-term strategy to invest, diversify and expand its product portfolio in areas unrelated to ICE powertrains, solidifying its position as the industry leader. The transaction is pending customary approvals and conditions and is anticipated to be finalised by the end of December 2024.
TGPEL was founded in 2008 and has two modern production facilities in Noida, Uttar Pradesh. TGPEL's position in a variety of industries has allowed it to develop steadily year after year. TGPEL is well-equipped to design and develop high-tech precision moulds, manufacture high-precision injection moulding components, and manufacture tools internally. The company mainly provides OEMs and other automakers with injection-moulded goods and moulds. It is anticipated that TGPEL's sound financial metrics would add value to SPRL's overall consolidated financials.
Krishnakumar Srinivasan, MD & CEO, SPRL, said, “With this strategic investment, SPRL aims to consolidate its product portfolio beyond the current pistons, rings, engine valves, electric powertrain and precision plastic injection moulded parts. With its state-of-the-art mould development facility and setup for manufacturing of high-precision injection moulded parts, TGPEL will be able to service the domestic and global customers requiring precision moulded parts for automotive and other industrial applications. TGPEL has expertise to develop complex parts for various applications. By integrating SPRL’s manufacturing and engineering capabilities and strong reach with large customer base, there is scope for lot of synergies, which will help TGPEL to offer wider range of products and services to the growing Indian automotive market. This deal will only strengthen SPRL’s presence in the high-precision plastic injection moulding business, thereby ultimately benefitting our customers while creating long term value for all our stakeholders. This acquisition combines strong, technology-led manufacturing teams, allied in their pursuit of excellence to deliver world class manufacturing and moulding technology, which will enhance relationships with existing customers while creating additional opportunities for growth and expansion.”
- Kogo
- MapmyIndia
- Universal Voice Assistant
- Automotive Industry
- Bharat Auto Expo 2025
Kogo, MapmyIndia Unveil Voice Assistant For Automotive Industry
- by MT Bureau
- January 25, 2025
Bengaluru-based Kogo partnered with MapmyIndia to launch a universal voice assistant for the automotive industry at the Bharat Auto Expo 2025. This breakthrough leverages Kogo’s Agentic Mesh and MapmyIndia’s deep learning geo-intelligence stack, providing an on-premises, edge-computing platform that ensures data privacy and safety for end customers.
The platform not only transforms in-car interactions but also opens new avenues for app businesses and services to develop their own AI agents and offer them via the Kogo AI Agent Store, reaching millions of car and motorcycle owners across India.
Unlike existing voice assistants that are limited to basic in-car commands, the Kogo-MapmyIndia universal assistant delivers natural language conversations, the ability to surf the internet and real-world impact by operating apps and services beyond the vehicle.
“This is a game changer in the automotive industry, elevating user engagement, safety and service delivery to unprecedented levels. By combining Kogo’s agentic AI technology with MapmyIndia’s geo-intelligence, we’re not just innovating – we’re setting a new benchmark for the entire industry,” Kogo Chief Executive Officer Raj K Gopalakrishnan.
The platform enables app developers and service providers to create and distribute their own agents through the Kogo AI Agent Store. These agents can cater to a wide array of needs, from personal assistance to business automation, creating a vibrant ecosystem for innovation.
“We designed the platform to work entirely on-premises and at the edge, ensuring that end customers’ data remains secure and private. Our vision is to empower every vehicle owner with an AI assistant that is not only powerful but also respects their privacy,” averred Kogo Co-Founder Praveer Kochhar.
With the ability to integrate seamlessly into the existing infrastructure of automotive manufacturers, this platform promises to redefine how vehicles interact with their owners. From voice-controlled operations to advanced task automation, the Universal Assistant is poised to lead the way in automotive AI innovation.
- Bharat Mobility Global Expo 2025
- Hindustan Zinc Limited
- Zinc Diec Casting Alloy
- Auto Components
- ZAMAK
Hindustan Zinc Showcases Range Of Zinc Products At Bharat Mobility Global Expo 2025
- by MT Bureau
- January 22, 2025
Hindustan Zinc Limited, India’s largest and the world’s second-largest integrated zinc producer, showcased its new zinc die casting alloy product range HZDA 3 and HZDA 5 (Hindustan Zinc Die Casting Alloy) at the Bharat Mobility Global Expo 2025. Along with the world’s largest zinc product portfolios, the company also displayed lead, silver and value-added products at the event at Pragati Maidan in Stall 6 – Hall 11.
The company's zinc die casting alloys are designed to meet the changing demands of the automobile industry. They are specifically made for the hot chamber die casting process. The main manufacturer of these alloys, which are otherwise imported into the nation, is Hindustan Zinc, which is often referred to as ZAMAK in the marketplace. Die casting alloys from Hindustan Zinc provide outstanding castability, long-term dimensional stability, quick machining and excellent plating, painting and chromate treatment finishing. Higher strength, electrical conductivity, corrosion resistance and dimensional tolerance are all provided HZDA 3 and HZDA 5.
Hindustan Zinc's low-carbon ‘green’ zinc, known as ‘EcoZen’, was another major attraction at the event. It has a 75 percent lower carbon footprint than traditionally produced zinc and can save around 400 kg of carbon emissions when galvanising one tonne of steel. Silver improves conductivity and efficiency in automobile electronics, such as switches and relays, whereas lead is essential for automobile batteries, components and radiation shielding.
Arun Misra, CEO and Whole-time Director, Hindustan Zinc Limited, said, “The automotive industry is at the forefront of shaping a sustainable future, and Hindustan Zinc is proud to be a partner in this journey. We are committed to delivering innovative, high-quality solutions that not only meet but exceed the industry’s expectations. Our vast product portfolio will play a pivotal role in driving efficiency, sustainability and design excellence in automotive manufacturing. We are excited to showcase our diverse metals at Bharat Mobility Global Expo 2025, a platform that mirrors our vision of co-creating a future beyond boundaries.”
ZF showcased the EasyTurn suspension strut axle concept for the first time in India. This advanced axle design expands the steering angle of a conventional front axle from approximately 40-45 degree to an impressive 80 degrees.
EasyTurn transforms larger vehicle models into highly agile entities, allowing them to navigate tight parking spaces and perform U-turns in exceptionally confined areas, equivalent to the width of soccer goal. This significant advancement improves the turning radius for a typical midsize passenger car up to 30 percent, simplifying numerous urban driving scenarios.
Aligned with the global shift towards sustainable mobility, EasyTurn is compatible with rear-wheel drive vehicles commonly seen in electric cars. Additionally, it fits seamlessly with MacPherson axle systems, which cater to around 80 percent of modern vehicle platforms, showcasing its suitability for widespread market adoption.
"EasyTurn represents a major leap forward in our commitment to innovative mobility solutions," says ZF Group India President Akash Passey. "By increasing the steering angle to an unprecedented level, we provide enhanced agility and efficiency that meet the demands of urban environments and contribute to a sustainable future for mobility,” he added.
The innovative EasyTurn axle system offers substantial benefits for both passenger and cargo vehicles, particularly in congested urban areas. It excels in narrow alleys, construction sites, parking spaces, traffic jams and loading zones, delivering nearly effortless turning and parking manoeuvres.
ZF continues to enhance vehicle technology, driving forward the next generation of mobility solutions that meet the demands of modern transportation. With EasyTurn, ZF sets a new standard in vehicle steering capability, expanding possibilities for vehicle design, driving experiences and redefining India’s mobility.
- Detailing Mafia
- Car Care Products
- Bharat Mobility Global Expo 2025
Detailing Mafia Launches Premium Car Care Products
- by MT Bureau
- January 22, 2025
Detailing Mafia launched a new range of premium car care products at the Bharat Mobility Global Expo 2025. The move underscores the brand’s ambition to expand its offerings, setting new benchmarks in high-quality car detailing solutions. The launch includes Labocosmetica’s latest product line, designed for vehicle maintenance and protection with advanced washing, decontamination and polishing capabilities.
Additionally, the brand introduced PPF coatings in matte and gloss finishes for trim protection, the Yellow Wing traffic film for white cars and an innovative carbon fibre PPF with top coating, enhancing vehicle durability and protection.
Unveiling these products at the expo was a strategic effort to engage directly with car enthusiasts passionate about vehicle care and entrepreneurs seeking premium, international-standard detailing products. The Detailing Mafia also organised live demonstrations to maximise booth engagement and attract aspiring professionals in the car detailing industry.
Speaking on the occasion, Chief Executive Officer Kunal Sethi said, “It was a great experience participating in the event. It provided us with an opportunity to connect with the various stakeholders and help them understand the benefits of opting for premium car detailing products and services.”
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