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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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Samsung in talks with component partners to boost ops in India: TM Roh

"The Indian market is very important to Samsung. We have operated the manufacturing facility si…

PTI   


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1 min read

Auto component maker Motherson to acquire Bengaluru-based Rollon Hydraulics

"Our focus on being a solutions provider to our customers has been a driving force for this acqu…

PTI   


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3 mins read

Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry

The auto industry eagerly awaits Budget 2024 with expectations like FAME 3 scheme, incentives for h…

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India to shift to 'smartphone era' for cars embracing 5G, advanced AI in 2025: Report

India is expected to enter a new era of smart cars by 2025, a new report says. Cars will have 5G t…

PTI   


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Elon Musk's Tesla looking at sourcing components worth $1.9 billion from India: Goyal

"Tesla already last year bought one billion dollars of components from I think all of you sittin…

PTI   


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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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Piyush Goyal visits Tesla's California facility, says US electric car maker to double Indian component imports

Piyush Goyal visited Tesla's manufacturing facility in California's Fremont.

ANI   


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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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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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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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Government approves ₹26,058 crore PLI scheme for auto and drone industries

The ₹26,058 crore will be divided between the auto sector and the drone industry out of which …

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4 mins read

Motherson Group to reportedly acquire Italian auto components maker Marelli – here’s what it means

Motherson Sumi already has past experience with Marelli – it had entered into a joint venture …

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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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If you can’t buy Ola or Tesla shares, these are six stocks to track if you are looking to play the EV revolution in India

With the recent launch of Ola’s electric scooters, and buzz around existing electric vehicle (EV) m…