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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
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
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…
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
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 …
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
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
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
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
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…
India's auto component manufacturing industry grew 65% during H1 2021
Indian auto component industry grows to Rs 1.96 lakh cr in H1
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
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, …
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 …
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
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
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 …
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…
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…
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…