News Feb 26, 2022 Bharat Forge to acquire JS Autocast The auto component maker Bharat Forge Limited along with its subsidiary, BF Industrial Solutions Limited announced 100% acquisition of Coimbatore-based JS Autocast Foundry India Private Limited.
News Feb 23, 2022 Tesla should buy $ 500 mn Indian auto parts for tax cut Tesla CEO Elon Musk has previously urged the Government of India to bring the taxes down. The Government is now asking Tesla to source auto components worth at least $500 million from India.
News Jan 28, 2022 India’s auto component industries may grow by 15-17%: Brikwork Ratings The domestic auto components industry may see a revenue growth of 15-17 % this fiscal and 10-12% in the next financial year on the back of recovery in automobile sales, according to a report.
News Jan 19, 2022 Auto component maker ZF launches CV solutions German auto component company ZF announced the start of its new commercial vehicle (CV) solutions division.
News Jan 19, 2022 ICRA comes out with revised downward growth forecast for auto industry Rating agency Icra revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 percent.
News Jan 14, 2022 ACMA recommends uniform 18% GST on all auto components A moderate rate of 18 per cent will not only address this challenge but will also enhance the tax base through better compliance, says Sunjay Kapur, President, Automotive Component Manufacturers Association (ACMA).
News Jan 13, 2022 Omega Seiki Mobility, Jae Sung Tech form JV to make EV powertrains The all-electric Ra314 powertrain will be the first product and will be used in OSM Rage+ in Q1 FY23
News Jan 13, 2022 Taiwanese machine tool maker expects good growth due to EV boom The machine tool industry has a historic chance of growth due to the shift to electric vehicles and demand for localised manufacturing, as per the head of the biggest Taiwanese machine tool company.
News Jan 13, 2022 MG Motor India, ACMA tie-up to promote skills in EV Sector MG Motor India has joined hands with the Automotive Component Manufacturers Association of India (ACMA) with a vision to educate and foster skill development in the EV component industry.