Industry News
SKF India launches new automotive aftermarket products
SKF India’s automotive aftermarket division has launched three new products to address customer needs for improved durability and performance. They are sprockets for 2-wheelers, timing belts, and steering and suspension systems for 4-wheelers. These innovative products are of high quality, and superior strength and durability, the company said in a release recently.
S Venkat Subramaniam, Director - automotive business, SKF India, said, “These new automotive aftermarket products demonstrate our dedication to understanding and fulfilling the needs of our customers. Designed to support the enhanced performance needs, these new products come with world-class quality, which SKF is known for and aims to deliver great reliability and durability to vehicle owners of both the two and four-wheeler category. We believe that customer satisfaction is paramount and have been working on introducing new product lines that deliver the correct balance of performance and value to customers”
Indian Oil Corporation collaborates with Israeli company Phinergy
Indian Oil Corporation (IOC) recently entered into collaboration with Phinergy, an Israeli start-up company specialising in hybrid lithium-ion and aluminium-air/ zinc-air battery systems, to form IOC Phinergy Private Limited.
According to a press release, the collaboration took place in the presence of Union Minister Dharmendra Pradhan and Israel Energy Minister Yuval Steinitz. The joint venture will manufacture Aluminum-Air systems in India to boost India's flagship programme - "Make in India" and recycle used Aluminum to strengthen India's energy security. In a significant boost to India's pursuit of e-mobility, two of the leading automotive manufacturers in India- Maruti Suzuki and Ashok Leyland signed a Letter of Intent (LOI) with the newly incorporated Joint Venture IOC Phinergy Limited, said the release.
