According to ICRA, the Production-Linked Incentive (PLI) scheme of Rs 259.38 billion has the potential to make India an export hub in the global auto supply chain and increase cost competitiveness.

Ind-Ra expects volume growth to continue in August 2021, driven by improving consumer sentiments and the onset of festive season. It feels the semiconductor shortage could pose supply-side challenges.

Internal Digital System for supply-chain management should not fall within the provisions of Equalization Levy, says Society of Indian Automobile Manufacturers (SIAM)

As India is reeling under the COVID-19 second wave, the ever-increasing demand for medical oxygen across the country has forced the Centre to impose restriction on its industrial use.

May is expected to be subdued with more lockdowns and OEM maintenance shutdowns. However, the full-year prediction remains positive if the COVID wave recedes in the April quarter.

ARB Bearings has stood for creative application solutions, great engineering and manufacturing expertise and strong focus for more than three decades.

According to reports, the aggregate revenues of listed automobile players have dropped by 25 per cent in the second quarter.

Global automotive technology supplier Valeo has set-up a state-of-the-art R&D test lab facility with an investment of Rs 250 million.

The 15,000-sq ft facility will house the test labs of Valeo’s Hardware, Mechanical and India Business R&D divisions