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Indian auto component industry turnover grows 9.8% in 2023-24; outlook positive: ACMA review

The turnover stood at Rs 6.14 lakh crore (USD 74.1 billion) during the year, said the ACMA, the bod…

ANI   


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Manufacturing sentiments, domestic demand up in Q1 FY25, notes FICCI survey

Manufacturing sentiments in India have shown an improvement in the first quarter of the financial y…

ANI   


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3 mins read

India will soon be in a position to export Lithium-ion batteries: Nitin Gadkari

Union Minister of Road Transport Highways, Nitin Gadkari on Tuesday said that India will soon be in…

ANI   


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1 min read

India's auto component manufacturing industry grew 65% during H1 2021

Indian auto component industry grows to Rs 1.96 lakh cr in H1

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Auto components industry to grow 10-15% in FY24: ACMA

The domestic components industry stands to gain from the manufacturing of components for internal c…

PTI   


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Two entities upgraded for every downgrade in FY24, hospitality sector records 23 upgrades: ICRA

The fiscal year of FY24 continued the ‘upgrade momentum’ that was set into motion in FY22, said the…

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3 mins read

Auto component maker Divgi TorqTransfer Systems to open its IPO on March 1

Automotive component manufacturer Divgi TorqTransfer Systems is all set to open its IPO on March 1 …

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1 min read

COVID-19 eats away auto parts turnover as it slips by 34% from March

The Automotive Component Manufacturers Association of India on Wednesday reported a de-growth of 34…

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3 mins read

Auto components industry grows 34.8 pc to Rs 2.65 lakh crore in H1 FY23

India's auto components industry witnessed a 34.8 per cent growth to Rs 2.65 lakh crore in first-ha…

PTI   


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4 mins read

India auto sales seen rising 7-9% in FY24: Passenger & commercial vehicles to drive demand

The Indian auto industry is expected to register a sales volume growth between 7-9% in FY24, buildi…

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5 mins read

All major automakers except Bajaj Auto expected to register growth in January say brokerages

All major Indian automakers, except Bajaj Auto, are expected to report a year-on-year increase in t…

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3 mins read

India's export of engineering goods to US grows by 6.8%, China's falls by 52.4%

The US remains the top destination for India's engineering goods exports in the financial year 2022…

ANI   


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PV and 2W sales disappoint in December, but stronger growth ahead, say analysts

In December, passenger vehicle and two-wheeler companies saw sales decline, even as they saw growth…

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Longer lockdown to badly hurt auto component clusters in NCR, Pune: Crisil Research

"Any extension of lockdown would dramatically increase the sourcing risk for products such as cast…

PTI   


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3 mins read

Maruti Suzuki’s stock rises 6% after it reports 4x growth in Q2 net profit

India’s largest car maker Maruti Suzuki India reported a four fold rise in net profit to ₹2,061 cro…

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6 mins read

December auto sales fall below expectations even as Tata Motors, M&M post strong growth

December was a mixed month for auto sales as changing customer preferences and subdued global econo…

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2 mins read

Blackstone-backed Sona Comstar’s ₹5,500 crore IPO could open next week, reports suggest

Sona Comstar, one of India’s leading automotive components makers, is gearing up to launch its ₹5,5…

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Russia's invasion of Ukraine is going to make buying a car even worse

US consumers are already feeling the impact of spiking gas prices. Russia's war on Ukraine could ke…

Tim Levin   


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Analysing customer feedback if Jimny brand can be introduced in India, says Maruti Suzuki

Maruti Suzuki India is currently analysing customer feedback to ascertain if the Jimny brand could…

PTI   


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Bajaj Auto just posted a ‘record quarter’ as pent up demand brings highest ever sales for its signature bikes – Pulsar and Boxer

The world's most valuable two-wheeler maker Bajaj Auto said the quarter ended December 31, has been…