German industrial production fell for the first time in June
The Dollar Business Bureau Germany’s industrial output had unexpectedly declined in June - for the first time this year, a data by German Ministry of Economic Affairs revealed on Monday. However, the industrial production increased overall in the second quarter of this year. The production fell by 1.1% in June after increasing 1.2% in May, the data showed. But production in factories and construction companies in Germany was 1.8% higher in the period April-June compared to the previous quarter. The Ministry said the upward trend would continue as indicated from the order levels and favourable business climate. “As unexpected as today's drop in industrial production has been, the German economy is still on track to post another strong quarter,” Carsten Brzeski, an economist with ING ...
LATAM becomes Indias largest auto export market
The Dollar Business Bureau Africa has been one of the most vital markets for Indian automobile exports over the past few years. But now, Latin America (LATAM) has become the biggest automobile export market of the country, overtaking Africa. The export figures for the year 2015 showed that India shipped more than 25 percent of value of vehicles to the markets in Latin America as compared to 21 percent a year earlier. In the meantime, exports to Africa witnessed a drop for the first time in the past decade. The export of vehicles from India, including cars, motorcycles, buses, trucks and chassis fitted with engines, stood $8.86 billion (Rs.59,360 crore) in the fiscal ended March, 2015. While total vehicle shipped remained stable, exports ...
BMW rolls out 50,000th car from Chennai unit
The Dollar Business Bureau Germany’s luxury car manufacturer BMW has rolled out its 50,000th car made in its Chennai plant, the company said in a statement on Thursday. The rolled out car was an all-new BMW 7 Series that was launched at the Auto Expo 2016. The model has received huge response from the luxury car enthusiasts. It boasts of futuristic technologies that include Touch Command System, Wireless Charging, Sky Lounge and Remote Control Parking. Jochen Stallkamp, Managing Director of the BMW Plant Chennai, announced the roll-out of the 50,000th car locally manufactured at BMW Plant Chennai. Each BMW that is locally made is of the same international standard followed anywhere else in the world. In order to boost the ‘Make in ...
German 3D printing maker sets up unit in India
The Dollar Business Bureau global popularity and acceptance of the 3D printing technology has led to growing interest in 3D printers and on-demand parts services in India To cater to the growing demand of 3D printing in India, especially from automotive manufacturing segment, a German manufacturer of industrial 3D printing systems has set up a unit in the country’s western state of Maharashtra. “The new voxeljet subsidiary is located in Pune, a large automotive and manufacturing center near Mumbai,” the German firm voxeljet said in a statement. Three-dimensional printing is mostly used in foundry industry for marking of engineering goods made of heavy metals. The global popularity and acceptance of the 3D printing technology has led to growing interest in ...
