Powered by: Motilal Oswal

News

Howden India partners with ACMA for its first-of-its-kind Automotive cyber security-focused conference Mumbai: To highlight the emerging cyber risks and cyber security trends within the automotive industry, the Automotive Component Manufacturers Association of India (ACMA) has successfully conducted a first-of-its-kind conference “National Conference & Display on Automotive Cyber Security – Risks & Safeguard” on 18th April in New Delhi. As a key sponsor of the conference, Howden India espoused why automotive manufacturers need to supplement cyber securi...
Howden India partners with ACMA for its first-of-its-kind Automotive cyber security-focused conference
Howden India partners with ACMA for its first-of-its-kind Automotive cyber security-focused conference
Source: PR Agency
18/04/2023 1:52:52 PM
India`s auto components industry likely to grow around 10-15% in FY24: ACMA Automotive Component Manufacturers Association of India (ACMA) has said that India's auto components industry is expected to grow around 10-15 per cent in FY24, driven by both domestic and export market demand despite fears of recession in major markets of US and Europe. It further said the auto components industry which clocked a turnover of $56.5 billion in FY22 with a growth of 23 per cent over the previous year is expected to end FY23 with a growth of 15 per cent. The domestic comp...
India`s auto components industry likely to grow around 10-15% in FY24: ACMA
India`s auto components industry likely to grow around 10-15% in FY24: ACMA
Source: Accord Fintech
8/03/2023 11:32:33 AM
Auto components industry surges 34.8% in first-half of current fiscal: ACMA The Automotive Component Manufacturers Association of India (ACMA) has said India's auto components industry witnessed a 34.8 per cent growth to Rs 2.65 lakh crore in first-half of current financial year (H1FY23), riding on domestic demand, particularly from the passenger vehicles segment.  It highlighted during the period, exports of components grew by 8.6 per cent to USD 10.1 billion (Rs 79.03 lakh crore), while imports climbed 17.2 per cent to USD 10.1 billion (Rs 79.8 lakh crore)...
Auto components industry surges 34.8% in first-half of current fiscal: ACMA
Auto components industry surges 34.8% in first-half of current fiscal: ACMA
Source: Accord Fintech
22/12/2022 11:23:31 AM
Indian auto components industry clocks highest-ever turnover of Rs 4.2 trillion in FY22: ACMA Automotive Component Manufacturers Association (ACMA) has said that Indian auto components industry clocked its highest-ever turnover of Rs 4.2 trillion in 2021-22, registering a growth of 23 per cent on the back of strong performance in exports and aftermarket.  ACMA stated while auto parts’ imports rose 33 per cent in 2021-22, exports grew 43 per cent in the same period. The auto component industry in India exported components worth Rs 1.41 trillion in 2021-22, it said, adding th...
Indian auto components industry clocks highest-ever turnover of Rs 4.2 trillion in FY22: ACMA
Indian auto components industry clocks highest-ever turnover of Rs 4.2 trillion in FY22: ACMA
Source: Accord Fintech
23/08/2022 11:47:20 AM
Electric Vehicle startups vertically integrated, standalone component maker will continue: ACMA There will be space for stand alone auto component makers in the electric vehicle (EV) manufacturing space even though some manufacturers are vertically integrated, said a top official of Automotive Component Manufacturers Association of India (ACMA). "Vertical integration will be a cycle. EV startups will begin doing everything in house. When they grow big they will farm out. There will be space for component players," Sunjay Kapur, President of ACMA and Chairman of Sona Comstar...
Electric Vehicle startups vertically integrated, standalone component maker will continue: ACMA
Electric Vehicle startups vertically integrated, standalone component maker will continue: ACMA
Source: IANS
23/08/2022 9:24:12 AM
Growing usage of aluminium in the auto industry bolsters sustainability and safety Vedanta Aluminium, India's largest producer of aluminium, makes a case for 'green' aluminium at the recently held national webinar by Automotive Component Manufacturers Association (ACMA) of India. With its world class-aluminium smelters, metal expertise, global technology partnerships and deep R&D capabilities, Vedanta Aluminium has been a long-time partner to the auto industry, developing product solutions perfectly tailored to their evolving needs. The company is keen...
Growing usage of aluminium in the auto industry bolsters sustainability and safety
Growing usage of aluminium in the auto industry bolsters sustainability and safety
Source: IANS
18/07/2022 4:00:15 PM
Indian auto ancillaries moving towards EVs, green manufacturing Sensing a global opportunity in the electric vehicles (EV) segment, Indian automotive ancillaries are shifting gears in sync with the trend, said a top industry sector official. Many of the players in the $46 billion (FY21) industry are also supplying to non-auto sectors like defence, railways and aerospace, Automotive Component Manufacturers Association of India (ACMA) President Sunjay J. Kapur said. "About 60 per cent of our Executive Committee members (about 50) are ready to sup...
Indian auto ancillaries moving towards EVs, green manufacturing
Indian auto ancillaries moving towards EVs, green manufacturing
Source: IANS
23/06/2022 5:30:27 PM
Approval to 75 auto component manufacturers under PLI scheme to act as catalyst in transformation journey: ACMA Automotive Component Manufacturers Association of India's (ACMA's) President Sunjay J Kapur has said that the approval granted by the government to 75 auto component manufacturers for incentives under the production-linked incentive (PLI) scheme will act as a catalyst in the transformational journey from a conventional industry to a mobility industry. Kapur said out of a total of 92 auto component manufacturers that applied, 75 have been approved for incentives under the PLI scheme...
Approval to 75 auto component manufacturers under PLI scheme to act as catalyst in transformation journey: ACMA
Approval to 75 auto component manufacturers under PLI scheme to act as catalyst in transformation journey: ACMA
Source: Accord Fintech
16/03/2022 12:37:32 PM
Implement uniform 18% GST rate on all auto components: ACMA Industry body Automotive Component Manufacturers Association (ACMA) has urged the Centre to implement a uniform GST rate of 18 per cent on all auto components. In its recommendations for the forthcoming Union Budget, the ACMA requested the government to consider the upward vision of 'RoDTEP' (Remission of Duties and Taxes on Exported Products) rates along with adopting measures for enhancing investments, including that for R&D. "The auto component industry, being an int...
Implement uniform 18% GST rate on all auto components: ACMA
Implement uniform 18% GST rate on all auto components: ACMA
Source: IANS
12/01/2022 10:08:03 AM