Pune-based SME – Nuovotech Engineers – has bagged a critical machined part order from Sidhakala Engineers, a supplier to Bajaj Auto Limited for its two-wheelers and three-wheelers since 1997. Manufacturing two-wheeler sub-assemblies such as swing arm assembly, central stand, side stand, frame parts, fuel pump spring holder, rear brake drive lever and chain protection guard, Sidhakala Engineers has a strong focus on customer satisfaction. Besides press steel parts for automobiles, farm machinery, furniture and home appliances, the company has been recognised for its quality and dedication by key automotive suppliers like Uno Minda and automotive OEMs like Piaggio India.

Nuovotech Engineers, on the other hand, has been a micro unit catering to the needs of Tier 1 and Tier 2 automotive suppliers. It is also catering to pump manufacturers such as Kishore Pumps and Kirloskar. The company also operates a sister concern called as Sachin Engineers, which specialises in the machining of shafts, flanges and various other critical machined parts as well.

The order for a critical machined part includes a groove made to fine tolerances to fit an oil seal inside it. The groove diameter is itself small and subject to highly accurate programming and machine, making it a very critical operation that not every industry is able to perform. The 'production' job also demands high quality tools, a top quality CNC machine and a smart operator to produce in large quantities at extremely competitive costs. 

Nuovotech Engineers has shown the ability to develop as well as manufacture such a critical fine machined part to bag the order. "Much investment and time was put in the development of this critical machined part as it was also essential to understand the metallurgy in terms of the tools used, the material used and the time cycle taken to successfully make it," said Sachin Sawant, Partner, Nuovotech Engineers. 

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Automotive Test Systems has inaugurated the MdynamiX Test Centre in Pune recently with a focus on development and testing in the fields of Vehicle Dynamics and ADAS. The centre – with SIL, HIL test benches that enable braking HIL, steering HIL etc. and systems such as ECU HIL and static simulator, will also incorporate a six degree of freedom, DIL simulator at a later stage. The simulation and system development will be augmented by various test systems for track testing and calibration on the test track with software including MXeval and MXoptiCal (with targets). 
To undertake testing and validation projects for customers in India and overseas, involving MdynamiX facilities in Germany as well, the new centre, according to Ramanathan Srinivasan, Managing Director, ATS, “Will facilitate faster development times and provide the necessary tools in India that were until now hard to reach.”
Professor Dr Peter Pfeffer, CEO, MdynamiX, informed: “Our partnership with ATS and the opening of the MdynamiX India Centre marks a significant step forward in our mission to deliver innovative and reliable automotive testing solutions to our customers. We are excited to bring our advanced technologies to the Indian market and look forward to fostering deeper collaborations with local industry leaders.” 
Set to become a cornerstone of MDynamiX’ global operations in association with Automotive Test Systems, the centre is poised to drive advancements in automotive testing and development. It is committed to support the industry by introducing more test benches and driving simulators in the coming years.
Interesting systems such as stationary targets, dynamic targets, driving robots, INS systems, data loggers etc. will also be a part of the centre. 

Besides emphasis on electricity distribution reforms and measures for gig workers, the Budget 2025 puts the spotlight on national manufacturing mission to support clean tech, improve value addition in solar PV modules, electric vehicle batteries, high voltage transmission equipment, wind turbines and grid scale batteries. 
With China controlling much of the clean tech supply chain, the mission will combine with the PLI schemes for solar PV modules and batteries, aiding those in the field of backward integration and operations that are scaling up. 
Further scaling up the reach of ‘Make-in-India’ initiative, the Budget 2025 once again has brought into focus the MSME sector. It has been the worst hit by GST with thousands of units in any given industrial areas in cities like Pimpri-Chinchwad going belly up. Considered to provide employment to up to 70 percent in the manufacturing MSMEs have not only been unable to sustain financially, they have not been able to innovate or invest in advanced machinery/equipment and upskilling the way they should have been. 
They also seem to have lost out on their ability to export or sustain the margin pressures that come with supplying goods to suppliers up the ladder. This has led to many Tier 1  or Tier 2 suppliers and OEMs – particularly in the auto sector which contributes most to GST collection and the manufacturing GDP of the country – to look at sourcing from China by installing either permanently or temporarily their sourcing personnel or agents there. 
Perhaps taking such practices into account, the Budget 2025 has focused on MSME sector in terms of their upliftment as it would in-turn help them to drive employment led innovation, energy supplies and exports. 
The custom duty on Lithium-ion batteries has been reduced and tax has been exempted for cobalt powder. 
On the Income Tax front, the Finance Minister announced in her speech that a New Income Tax Bill will be tabled in the Parliament soon. This bill is expected to exempt tax on income till INR 12,00,000. There will be TDS relief offered to senior citizens. 
Until the New Income Tax Bill in tabled in the Parliament and passed, the old Income Tax regime will continue to be valid. 
 

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Tata Motors has reported a 22 per cent fall in consolidated net profit at INR 56 billion for the third quarter ended December 2024. This is on the back of a decline in revenue from the company’s passenger and commercial vehicle business verticals. 
With the clock ticking in the direction of separation of passenger vehicle business and commercial vehicle business, Tata Motors has clocked a consolidated net profit of INR 71.45 billion in the respective quarter last fiscal. 
With JLR delivering a robust performance in Q3 FY25 with record quarterly revenue, highest EBIT margin in a decade and a ninth successive profitable quarter, Tata Motors witness a revenue decline in commercial vehicle business on the account of lower volumes and mix. EBITA margins however saw improvement to 12.4 percent (up 130 bps) reflecting material cost saving and the impact of PLI incentive. Passenger vehicle revenues were down 4.3 percent. EBITA margins however was up to 120 bps at 7.8 percent on the back of cost controls and PLI incentive. 
The company received sanction of Automotive Production Linked Incentives (PLI) in December 2024. An income of INR 3.5 billion has been recognised. 
 

The Indian arm of Klöckner DESMA Elastomertechnik GmbH (Germany), which is a leading manufacturer of injection moulding machines for the elastomer industry, has announced the appointment of Nitish Agarwal as its Joint Manager Director, effective 2 December 2024.
With over two decades of expertise in the rubber extrusion industry and energy industries, Agarwal in his new position will steer Kloeckner Desma Machinery Pvt Ltd (DESMA India) towards achieving its long-term goals while fostering a culture of excellence and sustainability.  
This is the second time that Agarwal has joined the Ahmedabad-based company. In 1996, he began his career as a ‘company trainee’ in the company’s Delhi office. He worked with for five years to become well verse with the company’s values. 
To succeed Mankodi who retires in May 2025 after steering DESMA India to greater heights for the last 30 years, Agarwal brings with him a wealth of experience and proven track record in strategic leadership, operational excellence and business development. 
Mankodi announced the succession plan regarding him and Agarwal recently on behalf of Dr Michael Zaun, Managing Director, Kloeckner DESMA Elastomer Technique (and Chairman, Kloeckner Desma Machinery Pvt Ltd); Mahendra Patel, Director, DESMA India, and Bhavin Shah, Director, DESMA India.