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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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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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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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Budget 2024 expectations – PLI scheme to GST reduction, budget expectations from the tech industry

The Budget 2024 is set to be tabled on July 23 by the finance minister Nirmala Sitharaman and like …

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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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Auto components maker Happy Forgings files IPO papers with Sebi

Auto components maker Happy Forgings Ltd has filed preliminary papers with capital markets regulat…

PTI   


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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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Auto parts company Minda bags ₹750 cr order for EV battery chargers

Auto components maker Minda Corporation Ltd on Tuesday said it has bagged a ₹750-crore contract fro…

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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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 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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India's EV landscape set to be transformed with key govt initiatives: Industry experts

The rise in Electric Vehicle (EV) battery manufacturing, alongside the 'Make in India' initiative, …

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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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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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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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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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5 mins read

Sensex, Nifty50 tumble amid a sharp rise in volatility: Bank, auto stocks drag markets down

India’s benchmark indices Sensex and Nifty50 are likely to open on a tepid note on Monday amid conc…

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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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GM has 95,000 vehicles waiting for parts as shortages continue to slam the auto industry

Most of the cars, trucks, and SUVs were built in June. General Motors said it plans to finish and s…

Tim Levin