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  • PLI scheme for automobile sector | How will it benefit the domestic industry? Sep 15, 2021 07:31 PM IST

    PLI scheme for automobile sector | How will it benefit the domestic industry?

    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.

  • 100% Made in India electric vehicles a long distance away: Industry Aug 31, 2021 08:01 PM IST

    100% Made in India electric vehicles a long distance away: Industry

    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.

  • COVID-19 pushed back auto component industry by three years Aug 03, 2021 02:21 PM IST

    COVID-19 pushed back auto component industry by three years

    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.

  • Toyota joins hands with ACMA to share best practices with auto component firms Jun 23, 2021 02:46 PM IST

    Toyota joins hands with ACMA to share best practices with auto component firms

    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.

  • Auto sector bodies propose incentivising investments in technology development Mar 05, 2021 03:38 PM IST

    Auto sector bodies propose incentivising investments in technology development

    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.

  • Auto components industry to see double-digit decline in growth this fiscal: ACMA Dec 16, 2020 04:06 PM IST

    Auto components industry to see double-digit decline in growth this fiscal: ACMA

    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.

  • Auto component industry seeks long term roadmap for regulatory changes Sep 13, 2020 11:36 AM IST

    Auto component industry seeks long term roadmap for regulatory changes

    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.

  • Huge job losses imminent if demand remains weak: ACMA Jun 07, 2020 01:47 PM IST

    Huge job losses imminent if demand remains weak: ACMA

    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.

  • ACMA seeks uniform 18% GST on all components Sep 06, 2019 11:54 AM IST

    ACMA seeks uniform 18% GST on all components

    The auto components industry currently employs 50 lakh people and contributes 2.3% to India's gross domestic product (GDP).

  • Trouble in Motown! Auto sector which is 49% of manufacturing GDP looks for rescue Jul 30, 2019 10:25 AM IST

    Trouble in Motown! Auto sector which is 49% of manufacturing GDP looks for rescue

    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”.

  • BJP government's silence on job losses dangerous: Priyanka Gandhi Vadra Jul 26, 2019 10:34 AM IST

    BJP government's silence on job losses dangerous: Priyanka Gandhi Vadra

    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.

  • Gadkari pitches for alternate fuels; says Government not against petrol, diesel Sep 05, 2018 08:33 PM IST

    Gadkari pitches for alternate fuels; says Government not against petrol, diesel

    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.

  • Restore weighted deduction of 200% on R&D expenses: ACMA Jan 03, 2017 05:30 PM IST

    Restore weighted deduction of 200% on R&D expenses: ACMA

    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.

  • Auto component sector to grow 10-12% in FY17: ACMA Jun 17, 2016 03:44 PM IST

    Auto component sector to grow 10-12% in FY17: ACMA

    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.

  • Auto Expo 2016 - General Information from Autoportal.com Feb 02, 2016 04:13 PM IST

    Auto Expo 2016 - General Information from Autoportal.com

    Concept Meaning Marketing or advertising are the two main factors involved in the sales of any product, and this ...

  • Delhi Auto Expo 2016 to witness 80 new product launches Jan 14, 2016 07:11 PM IST

    Delhi Auto Expo 2016 to witness 80 new product launches

    "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.

  • Govt looking to extend auto excise duty cut Sep 11, 2014 01:48 PM IST

    Govt looking to extend auto excise duty cut

    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.

  • IBM deploys cloud-based network, aiming auto firms in India Mar 06, 2014 04:02 PM IST

    IBM deploys cloud-based network, aiming auto firms in India

    The firm claims its offering will accelerate the movement of data and reducing transaction costs by up to 80 percent.

  • Maruti's Bhargava: Poor sales forecast grim for auto biz Feb 11, 2013 10:14 PM IST

    Maruti's Bhargava: Poor sales forecast grim for auto biz

    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.

  • Govt must address pending reforms quickly: Adi Godrej Sep 05, 2012 02:55 PM IST

    Govt must address pending reforms quickly: Adi Godrej

    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.

  • Investing Rs 100cr on two new plants in FY13: Sona Group Sep 05, 2012 10:43 AM IST

    Investing Rs 100cr on two new plants in FY13: Sona Group

    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.

  • Auto needs to be on growing end of curve, says ACMA Jul 11, 2012 05:56 PM IST

    Auto needs to be on growing end of curve, says ACMA

    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.

  • Dept of Heavy Ind opposes additional tax on diesel vehicles Jun 08, 2012 03:01 PM IST

    Dept of Heavy Ind opposes additional tax on diesel vehicles

    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.

  • SAP To Provide Special Solutions For ACMA Members May 02, 2012 02:10 PM IST

    SAP To Provide Special Solutions For ACMA Members

    As a part of the proposal, SAP provided customised packaged offering of ERP and Business Analytics applications to the ACMA members.

  • Subros to invest Rs 140cr in capacity expansion by FY13-end Sep 06, 2011 05:14 PM IST

    Subros to invest Rs 140cr in capacity expansion by FY13-end

    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.

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