Automotive Component Manufacturer
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Trump's Auto Tariff Has Limited Effect On Indian Auto Component Manufacturer
Since the new tariff applies to all exporting nations, India is not at a disadvantage compared to competitors. In fact, India could see an opportunity to expand its footprint in the U.S. market.
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Auto Industry Contributes To 15 Per Cent Of Total GST In FY24 - SIAM President
At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.
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Income Tax Rates Should Increase Consumption: Automobile Industry Praises Union Budget 2023
Automotive Component Manufacturers Association President Sunjay J Kapur said the budget is a blueprint of a digitally enabled Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace.
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MG Motor India Partners With ACMA To Promote EV Skill Development
As a part of the alliance, the Automotive Component Manufacturers Association of India (ACMA) will utilise the MG ZS EV to educate and foster skill development in the EV component industry.
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115 Automotive Companies Apply For PLI Scheme: Ministry Of Heavy Industries
Incentives are applicable under the scheme for determining sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from April 1, 2022, onwards for a period of five consecutive years, the ministry said in a statement.
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Schaeffler India Signs MoU With Tamil Nadu Government For New Plant
Under the agreement, Schaeffler India will invest over Rs. 3000 million in next four years to set-up a new greenfield manufacturing facility in Hosur, Tamil Nadu for manufacturing of transmission components and systems for Automotive and Tractor segments.
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Hero Motors And Yamaha Announce Joint Venture To Manufacture Electric Drive Motors
Auto components manufacturer, Hero Motors, a part of the Hero Motors Group (HMC) and Yamaha has announced a joint venture to manufacture electric motors for electric bicycles.
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Indian Auto Part Makers Want Tesla's Entry To Benefit Local Companies
India's auto component makers want Tesla's potential entry to benefit the country's suppliers, and one way to achieve that is for the company to manufacture locally, the head of the Automotive Component Manufacturers Association (ACMA) said.
-
Sona Comstar And IRP Nexus To Collaborate For Developing Magnet-Less Electric Motor Technology
Sona Comstar, one of India's leading auto components manufacturer and Israel's IRP Nexus Group are collaborating together to develop a magnet-less electric motor technology.
-
Indian Auto Components Sector Registers Revenue Decline Of 34 Per Cent In H1 2020-21
The overall turnover of the automotive component industry stood at Rs. 1.19 lakh crore for the period April 2020 to September 2020 which is a registering a decline of 34 per cent over the first half of the previous year.
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Indian Government Urges Auto Companies To Cut Royalties To Foreign Parents: Report
Automakers and auto component manufacturers like Maruti Suzuki, Hyundai, Toyota, Bosch, Wabco, Schaeffler among others typically pay royalties between 1-5 per cent of their total revenue to their foreign owners. The commerce ministry has asked companies to review such payments.
-
Auto Component Sector Likely To See Job Cuts If There's Weak Demand: ACMA
The Indian auto component sector is likely to see massive job cuts if the sector continues to face business difficulties because of the reduced demand owing to coronavirus pandemic. According to PTI, the Automotive Component Manufacturers Association of India (ACMA) stated that the sector could witness huge job losses due to lack of demand caused b...
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Chennai Firms Seek Better Stimulus As 17 Estates Reopen With 25% Staff
M Balachandran's automotive component manufacturing unit at Chennai's industrial hub Ambattur is back to life. With just a quarter of his 50 workers permitted, it's not business as usual. He has paid full salary for March but could pay only half for April.
-
Automobile Industry Bands Together For The First Time To Seek Resumption Of Operations
The Indian automotive industry is one of the key drivers of our economy as it contributes 7 per cent to the GDP. The auto sector also creates employment for more than 3.7 crore people in a direct as well as indirect ways. Additionally, the industry also plays a crucial role in exports by exporting USD 27 billion worth of vehicles and components on ...
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Coronavirus Pandemic: Auto Industry Body Tells Manufacturers To Shutter Production
In view of the ongoing Corona Virus pandemic The Society of Indian Automobile Manufacturers (SIAM), the umbrella body for all vehicle manufacturers in India along with Automotive Components manufacturers' association of India (ACMA) have issued an advisory to Auto manufacturers to halt their plant operations temporarily.
-
Trump's Auto Tariff Has Limited Effect On Indian Auto Component Manufacturer
Since the new tariff applies to all exporting nations, India is not at a disadvantage compared to competitors. In fact, India could see an opportunity to expand its footprint in the U.S. market.
-
Auto Industry Contributes To 15 Per Cent Of Total GST In FY24 - SIAM President
At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.
-
Income Tax Rates Should Increase Consumption: Automobile Industry Praises Union Budget 2023
Automotive Component Manufacturers Association President Sunjay J Kapur said the budget is a blueprint of a digitally enabled Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace.
-
MG Motor India Partners With ACMA To Promote EV Skill Development
As a part of the alliance, the Automotive Component Manufacturers Association of India (ACMA) will utilise the MG ZS EV to educate and foster skill development in the EV component industry.
-
115 Automotive Companies Apply For PLI Scheme: Ministry Of Heavy Industries
Incentives are applicable under the scheme for determining sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from April 1, 2022, onwards for a period of five consecutive years, the ministry said in a statement.
-
Schaeffler India Signs MoU With Tamil Nadu Government For New Plant
Under the agreement, Schaeffler India will invest over Rs. 3000 million in next four years to set-up a new greenfield manufacturing facility in Hosur, Tamil Nadu for manufacturing of transmission components and systems for Automotive and Tractor segments.
-
Hero Motors And Yamaha Announce Joint Venture To Manufacture Electric Drive Motors
Auto components manufacturer, Hero Motors, a part of the Hero Motors Group (HMC) and Yamaha has announced a joint venture to manufacture electric motors for electric bicycles.
-
Indian Auto Part Makers Want Tesla's Entry To Benefit Local Companies
India's auto component makers want Tesla's potential entry to benefit the country's suppliers, and one way to achieve that is for the company to manufacture locally, the head of the Automotive Component Manufacturers Association (ACMA) said.
-
Sona Comstar And IRP Nexus To Collaborate For Developing Magnet-Less Electric Motor Technology
Sona Comstar, one of India's leading auto components manufacturer and Israel's IRP Nexus Group are collaborating together to develop a magnet-less electric motor technology.
-
Indian Auto Components Sector Registers Revenue Decline Of 34 Per Cent In H1 2020-21
The overall turnover of the automotive component industry stood at Rs. 1.19 lakh crore for the period April 2020 to September 2020 which is a registering a decline of 34 per cent over the first half of the previous year.
-
Indian Government Urges Auto Companies To Cut Royalties To Foreign Parents: Report
Automakers and auto component manufacturers like Maruti Suzuki, Hyundai, Toyota, Bosch, Wabco, Schaeffler among others typically pay royalties between 1-5 per cent of their total revenue to their foreign owners. The commerce ministry has asked companies to review such payments.
-
Auto Component Sector Likely To See Job Cuts If There's Weak Demand: ACMA
The Indian auto component sector is likely to see massive job cuts if the sector continues to face business difficulties because of the reduced demand owing to coronavirus pandemic. According to PTI, the Automotive Component Manufacturers Association of India (ACMA) stated that the sector could witness huge job losses due to lack of demand caused b...
-
Chennai Firms Seek Better Stimulus As 17 Estates Reopen With 25% Staff
M Balachandran's automotive component manufacturing unit at Chennai's industrial hub Ambattur is back to life. With just a quarter of his 50 workers permitted, it's not business as usual. He has paid full salary for March but could pay only half for April.
-
Automobile Industry Bands Together For The First Time To Seek Resumption Of Operations
The Indian automotive industry is one of the key drivers of our economy as it contributes 7 per cent to the GDP. The auto sector also creates employment for more than 3.7 crore people in a direct as well as indirect ways. Additionally, the industry also plays a crucial role in exports by exporting USD 27 billion worth of vehicles and components on ...
-
Coronavirus Pandemic: Auto Industry Body Tells Manufacturers To Shutter Production
In view of the ongoing Corona Virus pandemic The Society of Indian Automobile Manufacturers (SIAM), the umbrella body for all vehicle manufacturers in India along with Automotive Components manufacturers' association of India (ACMA) have issued an advisory to Auto manufacturers to halt their plant operations temporarily.
