Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsAuto parts

    Auto Parts

    Jump to

    • US unlikely to budge as India lobbies for sectoral tariff exemptions on steel, aluminium

      Requests to exempt India from the 25-percent tariff on US imports, specifically on steel and aluminium was likely raised when India’s Department of Commerce and the US Trade Representative’s Office held extensive discussions between April 23 and April 25 in Washington.

    • 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

    • IIT Bombay Prof's startup Sedemac Mechatronics in talks to raise $100 million from A91, Xponentia, 360 ONE Asset

      The startup is talking to A91 partners, Xponentia Capital Partners and 360 ONE Asset. The round is likely to close at a valuation of $250 million

    • 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

    • Auto component industry clocks $69.7-bn topline in FY23, EVs contribute 2.7%

      Auto parts trade deficit narrows to $200 million as exports surge and imports shrink; industry sees double-digit growth this fiscal.

    • China’s auto parts makers join Apple in offshore factory push

      While some international names like Airbus SE and Tesla Inc. are doubling down on Asia’s biggest economy, the shift is an increasing threat to China’s status as the world’s factory and its bid to regain the trust of global business amid the unpredictability of President Xi Jinping’s rule.

    • Domestic demand and overseas shipments take auto parts industry revenue to $33.8 bn in H1FY23

      ACMA said steady growth was witnessed in all segments – supply to original equipment manufacturers (OEMs), exports and aftermarket

    • Auto component industry clocks $56.5-bn topline in FY22, aims for enhanced focus on EV parts

      Growth came on the back of a slew of regulatory steps and value-addition done by the industry, say experts. The industry is evolving with the times.

    • Auto parts industry revenue to grow 16-18% in FY22; outlook revised from negative to stable: ICRA

      ICRA expects the domestic auto component industry's revenue to grow 16-18 percent in the financial year starting April 2021, supported by factors such as increasing content per vehicle, low base effect, and higher realisations.

    • Indian auto parts makers to participate in Egypt's exposition

      The companies form a part of the global supply chain for the majors like Toyota, Mitsubishi, Nissan and Isuzu.

    • MSME Leadership Series: Saluting the spirit of entrepreneurship

      Ludhiana seems to be the one-stop destination for almost all businesses right from auto parts to garments to industrial goods. This episode discusses what more needs to be done to augment the growth of the micro, small and medium enterprise (MSME) sector.

    • Passion to Win: The story of Vivek Chaand Sehgal

      Through the course of this 4-part special series, we will bring you the stories of 12 entrepreneurs who have disrupted their industries through their ideas and innovation. They have spurred new trends which is an inspiration for all.

    • Steel Strips Wheels June net sales down 7%

      Steel Strips Wheels' net sales in June decline 7% year-on-year to Rs 71.65 crore due to slower sales of wheel rims in the domestic market.

    • Raymond's auto component arm buys Trinity India

      Ring Plus Aqua, the auto component arm of apparel maker Raymond, has acquired Pune-based forged component maker Trinity India for an undisclosed sum.

    • GM India unit says to source $1 bn auto parts

      General Motors' India unit said on Thursday it planned to source USD 1 billion worth of auto parts from India over the next two years.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347