Sep 15, 2021 07:31 PM IST
Auto-component makers must have a minimum revenue of Rs 500 crore and Rs 150 crore fixed assets investment to be eligible for the PLI.
- Aug 31, 2021 08:01 PM IST
Dependence on China will continue and it will take years to realise the government’s goal of having electric vehicles manufactured entirely in India, say executives.
- Aug 03, 2021 02:21 PM IST
Exports of auto components witnessed a fall of 8 percent to Rs 0.98 lakh crore in FY21 with exports to Europe declining 4 percent and North America being down by 7 percent.
- Jun 23, 2021 02:46 PM IST
As per the Memorandum of Understanding (MoU), the automaker through its training arm Toyota Learning and Development India (TLDI) will share its best practices like people development and lean management principles with the industry members of ACMA.
- Mar 05, 2021 03:38 PM IST
The presentation showed aspiration of achieving doubling of growth in exports by 2025-26 with the auto component sector hitting $30 billion whereas the vehicle manufacturing segment hitting $19 billion.
- Dec 16, 2020 04:06 PM IST
Automotive Component Manufacturers Association of India (ACMA) said it can take anywhere "between two to three years, depending on how steep the recovery is" for the component makers to work out a whole sector Capex planning.
- Sep 13, 2020 11:36 AM IST
The industry, which accounts for around 2.3 percent of the country’s GDP, has been struggling of late due to a prolonged downturn in the auto industry as a whole and due to COVID-19 situation which has brought in supply chain issues and impacted productivity.
- Jun 07, 2020 01:47 PM IST
With muted demand and excess capacities already in place, the auto component makers would have to cut down on their workforce in order to keep their businesses afloat, the industry body added.
- Sep 06, 2019 11:54 AM IST
The auto components industry currently employs 50 lakh people and contributes 2.3% to India's gross domestic product (GDP).
- Jul 30, 2019 10:25 AM IST
It is time the policymakers from Niti Aayog, Transport and Finance Ministries heed our prime minister's clarion call of “Sabka Saath, Sabka Vikas & Sabka Vishwas”.
- Jul 26, 2019 10:34 AM IST
Gandhi's remarks came after industry body ACMA on July 24 said around 1 million jobs could be on the line if the prolonged slowdown in the automobile industry continues.
- Sep 05, 2018 08:33 PM IST
The minister, who had last year threatened to "bulldoze" the auto industry to adopt electric vehicles, struck a conciliatory note and said the government was not against petrol and diesel fuels.
- Jan 03, 2017 05:30 PM IST
Automotive component makers body ACMA today asked the government to restore weighted deduction of 200 per cent on R&D expenditure as part of its Budget wish-list for 2017-18.
- Jun 17, 2016 03:44 PM IST
In the last fiscal, the auto component industry's turnover grew by 8.8 percent to Rs 2.55 lakh crore as against Rs 2.34 lakh crore in 2014-15.
- Feb 02, 2016 04:13 PM IST
Marketing or advertising are the two main factors involved in the sales of any product, and this ...
- Jan 14, 2016 07:11 PM IST
"There will be around 80 product launches during the event. We expect 7 lakh footfalls this time around. Around 5.6 lakh people visited the show during the last edition of the show," SIAM President Vinod K Dasari told reporters.
- Sep 11, 2014 01:48 PM IST
Government sources said the Heavy Industry Ministry is likely to send a proposal to Finance Ministry regarding extension of excise duty concession till March 31, 2015.
- Mar 06, 2014 04:02 PM IST
The firm claims its offering will accelerate the movement of data and reducing transaction costs by up to 80 percent.
- Feb 11, 2013 10:14 PM IST
Maruti Suzuki chairman RC Bhargava says, in the light of negative quarterly auto sales, the that the options are limited for the government with no possibility of providing tax-cuts on passenger-vehicles or even cut in fuel-prices. "The situation for the auto industry is very grim," RC Bhargava told CNBC-TV18.
- Sep 05, 2012 02:55 PM IST
Godrej Group Chairman Adi Godrej today said the government needs to quickly address pending reforms to restore growth to a reasonable level as many sectors are facing problems.
- Sep 05, 2012 10:43 AM IST
Auto component maker Sona Group is setting up two new plants this fiscal at an investment of Rs 100 crore and said it will also set up a dedicated facility to supply parts to Maruti Suzuki's upcoming Gujarat plant.
- Jul 11, 2012 05:56 PM IST
The Association of Auto Component Manfacturers, in an exclusive chat with CNBC TV18's Sunanda Jayaseelan, has said that it expects domestic revenues for the auto components industry to be halved this year compared to last year.
- Jun 08, 2012 03:01 PM IST
Opposing the government's proposal to impose an additional tax on diesel vehicles, the Department of Heavy Industry said it will submit a report to the Finance Ministry next week.
- May 02, 2012 02:10 PM IST
As a part of the proposal, SAP provided customised packaged offering of ERP and Business Analytics applications to the ACMA members.
- Sep 06, 2011 05:14 PM IST
Car air-conditioning manufacturer Subros today said it will invest Rs 140 crore to expand its manufacturing capacity by five lakh units by the end of 2012-13.