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.

The CII President said that the Indian auto ancillary industry should expand its export list and reach at least 5% of global components trade by 2026. He shared his views at the 61st annual session of ACMA.

The shortage of containers has resulted in a 4x to 6x increase in logistics cost that is affecting the auto industry. The current waiting period for a container is 1-2 weeks from 24-48 hours before.

Toyota Kirloskar Motor (TKM) signed a Memorandum of Understanding (MoU) with the Automotive Component Manufacturers Association of India (ACMA) for training auto parts manufacturers on best practices.

According to Automotive Component Manufacturers Association of India (ACMA), believes that such a move will be detrimental for attracting future investments in Haryana

Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader.

When Wuhan in China becomes the epicentre of Coronavirus, the crisis brought a watershed moment for the automobile sector of India, which outsources various components from the world’s largest manufacturing hub. In this article, Manav Kapur talks about how India can use the crisis as an opportunity.

Auto sector is going through a tough time due to Covid-19 effects which has seen several shutdowns or limited operations across the nation.

This first-of-its-kind ACMA's aftermarket feature will host around 50 auto component manufacturers.