Automotive Components Industry
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ACMA Hopeful Of Strong Trade-Related Relations Between India and USA
ACMA remains hopeful that the ongoing bilateral negotiations between the Indian and U.S. governments will lead to a balanced resolution that benefits both economies.
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Scarpping Policy To Bring Down Automotive Component Prices: Gadkari
"We brought scrapping policy, because of which prices of the auto component will be reduced by 30 per cent," says Nitin Gadkari.
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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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Troubleshooting A Faulty Automotive Air Conditioner
Your car's air conditioner feels nothing short of a lifesaver during the summer season. It helps cool you from the scorching heat in the summer and helps in heating during the winter.
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Panasonic's Q3 Profit Slides As Material Costs Rise And Appliance Sales Fall
Panasonic has sought to reduce its reliance on low-margin consumer electronics and appliances, shifting its focus to automotive batteries for Tesla Inc, production machinery, components and more recently supply chain management services.
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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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Continental Automotive Records Volume Erosion In 2021 Due To Semiconductor Issue
The chip shortage issue has equally disrupted the auto component industry where component makers too have witnessed production cuts.
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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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Asia's Longest High-Speed Test Track Inaugurated At Pithampur
Union Minister Prakash Javdekar virtually inaugurated Asia's longest high-speed test track at Pithampur in Indore. The NATRAX facility is 11.3 km long and also includes different test tracks to aid automotive and component testing.
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LG And Magna Announce Billion Dollar Joint Venture In Electric Car Gear
South Korea-based LG Electronics Inc and automotive supplier Magna International Inc are launching a joint venture that will make key components for electric cars, the companies announced on Wednesday.
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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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Porsche Launches Investigation Into Suspected Engine Manipulation: Report
Volkswagen's luxury sports vehicle unit Porsche AG has launched an internal investigation into the suspected manipulation of petrol engines, German weekly Bild am Sonntag (BamS) reported. Porsche has informed Germany's automotive watchdog KBA, the Stuttgart prosecutor's office, as well as U.S. authorities of suspected illegal changes to hardware an...
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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.
-
ACMA Hopeful Of Strong Trade-Related Relations Between India and USA
ACMA remains hopeful that the ongoing bilateral negotiations between the Indian and U.S. governments will lead to a balanced resolution that benefits both economies.
-
Scarpping Policy To Bring Down Automotive Component Prices: Gadkari
"We brought scrapping policy, because of which prices of the auto component will be reduced by 30 per cent," says Nitin Gadkari.
-
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.
-
Troubleshooting A Faulty Automotive Air Conditioner
Your car's air conditioner feels nothing short of a lifesaver during the summer season. It helps cool you from the scorching heat in the summer and helps in heating during the winter.
-
Panasonic's Q3 Profit Slides As Material Costs Rise And Appliance Sales Fall
Panasonic has sought to reduce its reliance on low-margin consumer electronics and appliances, shifting its focus to automotive batteries for Tesla Inc, production machinery, components and more recently supply chain management services.
-
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.
-
Continental Automotive Records Volume Erosion In 2021 Due To Semiconductor Issue
The chip shortage issue has equally disrupted the auto component industry where component makers too have witnessed production cuts.
-
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.
-
Asia's Longest High-Speed Test Track Inaugurated At Pithampur
Union Minister Prakash Javdekar virtually inaugurated Asia's longest high-speed test track at Pithampur in Indore. The NATRAX facility is 11.3 km long and also includes different test tracks to aid automotive and component testing.
-
LG And Magna Announce Billion Dollar Joint Venture In Electric Car Gear
South Korea-based LG Electronics Inc and automotive supplier Magna International Inc are launching a joint venture that will make key components for electric cars, the companies announced on Wednesday.
-
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.
-
Porsche Launches Investigation Into Suspected Engine Manipulation: Report
Volkswagen's luxury sports vehicle unit Porsche AG has launched an internal investigation into the suspected manipulation of petrol engines, German weekly Bild am Sonntag (BamS) reported. Porsche has informed Germany's automotive watchdog KBA, the Stuttgart prosecutor's office, as well as U.S. authorities of suspected illegal changes to hardware an...
-
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.
