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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.
-
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.
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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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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.
-
Auto Component Industry's Turnover Falls Over 10% In April-September
The Automotive Component Manufacturers Association of India said subdued vehicle demand, recent investments made for transition from BSIV to BSVI emission norms, liquidity crunch, lack of clarity on policy for electrification of vehicles adversely impacted the expansion plans of the sector.
-
Auto Suppliers Feel The Heat Of The Slowdown In H1 FY2020
The deterrent downturn in the Indian Automotive Industry has taken an adverse hit on the businesses of auto component manufacturers. Automotive Component Manufacturers Association (ACMA) of India, the apex body that represents the component suppliers posted a de-growth of 10.1 per cent in the revenue generated in the first half of FY2020 at Rs. 1.7...
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ACMA Appoints Ram Venkataramani As President
The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India's auto component manufacturing industry, announced the appointment of Ram Venkataramani, Managing Director, India Piston Rings as its new President of ACMA while Deepak Jain, Managing Director, Lumax Industries Ltd. as Vice President for the term 20...
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India's Move Towards Electric Vehicles Must Be Evolutionary, Not Disruptive, Says ACMA
Automotive Component Manufacturers Association of India (ACMA) President Rattan Kapur said the logical progression will be to move from internal combustion engine to hybrids and then to full battery-based vehicles.
-
'Auto Component Industry to Touch $100 Billion by 2020'
The auto component industry is currently pegged at $35 bn, the industry body said.
-
Aston Martin, Maserati, Bentley May Debut at Auto Expo 2016
British luxury sports car maker Aston Martin, its Italian rival Maserati and ultra premium automaker Bentley could be among the main attractions in the next year's Auto Expo to be held from February 5-9. According to industry sources, for the first time these luxury car makers have approached organisers of the Auto Expo to participate in India's fl...
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Restore 10% Excise Duty on Auto Components: Industry Body
The Automotive Component Manufacturers Association (ACMA) also urged the government to implement GST at the earliest and eliminate customs duty on alloy steel as part of its Budget wishlist.
-
Auto Component Makers Expect A Growth Oriented Budget
The auto component body is looking forward for support from the government to revive the industry and to realise their ambition of growing exports to USD 35 - 40 billion and build overseas revenues of USD 20-22 billion over the next five years.
-
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.
-
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.
-
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...
-
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.
-
Auto Component Industry's Turnover Falls Over 10% In April-September
The Automotive Component Manufacturers Association of India said subdued vehicle demand, recent investments made for transition from BSIV to BSVI emission norms, liquidity crunch, lack of clarity on policy for electrification of vehicles adversely impacted the expansion plans of the sector.
-
Auto Suppliers Feel The Heat Of The Slowdown In H1 FY2020
The deterrent downturn in the Indian Automotive Industry has taken an adverse hit on the businesses of auto component manufacturers. Automotive Component Manufacturers Association (ACMA) of India, the apex body that represents the component suppliers posted a de-growth of 10.1 per cent in the revenue generated in the first half of FY2020 at Rs. 1.7...
-
ACMA Appoints Ram Venkataramani As President
The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India's auto component manufacturing industry, announced the appointment of Ram Venkataramani, Managing Director, India Piston Rings as its new President of ACMA while Deepak Jain, Managing Director, Lumax Industries Ltd. as Vice President for the term 20...
-
India's Move Towards Electric Vehicles Must Be Evolutionary, Not Disruptive, Says ACMA
Automotive Component Manufacturers Association of India (ACMA) President Rattan Kapur said the logical progression will be to move from internal combustion engine to hybrids and then to full battery-based vehicles.
-
'Auto Component Industry to Touch $100 Billion by 2020'
The auto component industry is currently pegged at $35 bn, the industry body said.
-
Aston Martin, Maserati, Bentley May Debut at Auto Expo 2016
British luxury sports car maker Aston Martin, its Italian rival Maserati and ultra premium automaker Bentley could be among the main attractions in the next year's Auto Expo to be held from February 5-9. According to industry sources, for the first time these luxury car makers have approached organisers of the Auto Expo to participate in India's fl...
-
Restore 10% Excise Duty on Auto Components: Industry Body
The Automotive Component Manufacturers Association (ACMA) also urged the government to implement GST at the earliest and eliminate customs duty on alloy steel as part of its Budget wishlist.
-
Auto Component Makers Expect A Growth Oriented Budget
The auto component body is looking forward for support from the government to revive the industry and to realise their ambition of growing exports to USD 35 - 40 billion and build overseas revenues of USD 20-22 billion over the next five years.
