Category — Sourcing

India’s Aurobindo Pharma to Expand New Jersey Facility

At its current New Jersey facility,  the company makes non-penicillin and non-cephalosporin products. The bulk of its U.S. supply comes from India, where it has six plants. It gets more than half its total revenue from selling drugs for HIV/AIDS, asthma, and schizophrenia, among others, to the U.S.

India’s drug industry is worth about $15 billion and it supplies roughly 30 percent of the medicines sold in the U.S. reports Business Line.

June 11, 2017   No Comments

India’s Pepper Exports to U.S. Command Higher Price

With sellers of pepper demanding higher prices, India’s pepper market traded at a higher rate this month. Prices of imported Vietnam pepper and exchange-released pepper have also increased, market sources told Business Line.

Pepper

Indian export prices were at $8,400 a ton cf for Europe, and $8,650 a ton cf for U.S.A.

June 11, 2017   No Comments

Johnson Controls and Hitachi to Set Up Export Hub in India

Wisconsin-based Johnson Controls and Hitachi Airconditioning India Ltd., will develop and manufacture air-conditioners in its plant near Ahmedabad, Gujarat, for sale in the Middle-East and Southeast Asia.

Global CEO Franz Cerwinka said, “We also want to expand our manufacturing to export out of India. The Indian operations contribute  12 percent to our global revenue. India has the potential to become one of the top three markets for the company since there is a lot of pent-up demand which will be generated in the mid-to-long term.”

JCI Hitachi

Johnson Controls-Hitachi Air Conditioning India reported that in 2016 sales grew 20 percent to $301 million from the previous year. Profit climbed 62 percent to $12.4 million (Rs 81crore.) the Economic Times reports.

June 8, 2017   No Comments

Hyundai Inaugurates India Quality Center

South Korean auto major Hyundai opened an India Quality Center with an aim to play a bigger role in new product development for domestic and international markets. This center is one of five such facilities worldwide after the U.S., Europe, China and the Middle East.

Hyundai Motor India Ltd., managing director and CEO Y. K. Koo said that this move was part of their “long term strategy to benchmark quality products for India and global markets.” Located at Faridabad in the northern state of Haryana, the center will conduct durability studies of existing models and benchmark parts and systems for constant improvement. It will also “contribute in new car development from pilot stage to create quality products with zero defect,” Koo added.

CEO Y.K.Koo

The company has provided for a training center at the same facility which will have a body and paint training unit. This is the first time that the company has introduced such a feature at its skill training centers, reports IndiaToday.

June 8, 2017   No Comments

Clean Motion Expects India Largest Market for its Electric Rickshaws

Clean Motion India, a subsidiary of Clean Motion AB, Sweden, rolled out its three-wheeled electric  rickshaw or  “pod” called the Zbee in 2016. Certified in the L5 category by the International Center for Automotive Technology, these electric vehicles are gaining acceptance in India.

Business World interviewed Anil Arora, Country Head, Clean Motion India who shared his insights into the future of this e-vehicle in India:

Arora said that the third generation of this vehicle are used in malls in Gurgaon, and Noida, near Delhi. “We would like to be integrated as a connected electric vehicle for Greenfield smart cities. We will go for subscription-based models and are in talks with five-star hotel management in multiple cities to operate our vehicles. Yes, we do have such plans for South East Asian markets. We are starting our shipment to Nepal and Sri Lanka,” said Arora.

Zbee the elctrical vehicle

Currently most of the 230 components for building this vehicle are imported from Sweden, and the company is localizing the product at their  manufacturing facility at Faridabad in India’s northern state of Haryana. “We are aiming for a 70 percent localization which will enable us to bring down the price of the vehicle. The automotive ancillary industry even for e-vehicles is very good in India,” mentioned Arora.

By 2020 the company aims to have a valuation of $150 million. “The key growth drivers will be widespread expansion and mass acceptance of our products. In fact, India is expected to be the biggest market for us globally,” Arora added.

June 8, 2017   No Comments