Auto Components

Bosch: Steady Q3 FY26; valuation limits upside

Bosch plans to increase its export contribution and remains committed to localisation as a core long-term strategy

In iPhone-like push for auto-component exports, govt bats for quality for a bigger play in global supply chain

India seeks deeper integration into global auto-component supply chains dominated by Mexico and Japanese and US players

Govt exempts mining of critical and atomic minerals from public consultations

Prior to this, the Environment Ministry on August 31 also amended the Forest Conservation rules to create an exclusive category for critical and strategic minerals to fast-track forest approvals for such projects.

NRB Bearings Q1 results: Profit Jumps 50%, margins expand despite factory disruption

NRB Bearings Q1: Sales growth was driven by strong demand in the domestic market and an expanding global footprint.

UK-India FTA to drive India's auto component exports, industry groups say

In FY24, India exported $21.2 billion worth of auto components all over the world, 3 percent of which was to the United Kingdom, according to data from ACMA.

As Trump slaps 25% tariffs on auto parts, industry urges mitigation measures

A number of Indian auto component makers have significant exposure to the US. Their customers include Ford, General Motors, Stellantis, Tesla, and others.

India's auto components industry comfortable with FTA concessions, says Piyush Goyal

The commerce minister warned the automobile industry from depending heavily on imports, especially on countries that indulge in non-transparent economic practices.

Auto component industry will continue to make investments on capex, R&D despite slowdown: ACMA President

As per industry watchers, Indian auto component manufacturers are expected to invest between $2.5–3 billion in the financial year 2025, primarily to increase capacity. According to Marwah, there are investments happening in physical infrastructure, design, R&D, people, automation, etc.

Indian auto component industry logs 9.8% growth in topline at $74.1 bn in FY24, EVs’ share rises to 6%

Component supply to OEMs in the domestic market increased by 8.9 percent to $62.4 billion (Rs.5.18 lakh crore), with supply to the EV manufacturing industry accounting for 6 percent of the total component production in the country

Capex for EV components to exceed Rs 25k crore in next 3-4 years: ICRA

ICRA projects Indian electric two-wheeler component market potential projected to exceed Rs 1 lakh crore by 2030

PLI scheme for automobile, auto components extended by 1 year, total outlay raised to Rs 25,938 crore

The incentives as part of the scheme will now be available from FY24 to FY28, an official release noted.

Indian auto component industry logs 13% growth to $36.1 billion in H1FY24

The automobile components industry saw turnover grow 12.6% to $36.1 billion for the first half of 2023-24 (April-September 2023), compared with $33.9 billion earned in the corresponding period of FY23, according to a ACMA report

Open to take retaliatory measures to curb auto component imports: Piyush Goyal

While Goyal didn't specify the names of the OEMs and their countries of origin, he had indicated early this year at the Asia Economic Dialogue that two South Korean auto manufacturers have cost India “billions of dollars” in trade deficit.