Germany-based ZF Friedrichshafen AG, together with Brakes India, -- a joint venture between ZF-TRW and the Chennai, India-based TVS group -- announced an India-specific Electric Park Brake (EPB) technology. The JV tied up with a global OEM (whose name is not disclosed) to develop this technology, a first for India....
HSBC: India to be a $7 Trillion Economy in 2028
British financial services giant HSBC said India is likely to overtake Japan and Germany to become the third largest economy in the next 10 years but needs to be consistent in reforms and focus more on the social sector. Thire brokerage’s estimates show that India will be a $7 trillion...
New Jersey based ATCS Sets Up Innovation Lab in India
New Jersey-based IT solutions company Advanced Technology Consulting Service (ATCS) expanded its operations in India by recruiting new staff and setting up its first Innovation Lab (I-Lab) in Jaipur, in the western state of Rajasthan. The company also opened a new office in Bangalore. "The I-Lab not only serves as...
BMW Thrives in India
Munich-based BMW Group India posted a strong double digit growth in 2016 after two years of decline, and has carried the momentum into this year by logging 8% growth till May, confident that this figure will continue to rise in the coming months; it is currently the fastest growing luxury...
ATM Maker Diebold Says India is a High Growth Market
With a presence in over 4,000 cities and towns, Ohio-based Diebold has operated in India for more than 25 years and is well versed in the country's banking and financial narrative. The company recently completed integration after acquiring German corporation Nixdorf. In an interview with CXO Today, Jaivinder Singh Gill,...
Metro Cash & Carry is Well Established in India
Headquartered in Dusseldorf, Germany, Metro Cash and Carry launched its business-to-business wholesale concept in India in 2003. The company is a one-stop solution for business customers such as mom and pop grocery stores, small retailers, hotels, restaurants and caterers, and offices. Sanjay Kumar, journalist for IndiaRetailing, spoke to managing director...