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).

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 jump from BS-IV to BS-VI created some challenges. When the BS-VI norms came into vogue in April 2020, the country was in a historic lockdown due to Covid pandemic. Anurag Garg takes a look at the journey thus far.

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.

This article talks about how India can unleash potential of the auto component industry.

Indian automotive sector has seen growth in electric vehicle (EV) startups, who are currently spearheading innovations and much needed research over crucial EV components.

Over the past three decades, manufacturing scene in the Indian automotive sector has transformed drastically with digital tools being used right from product development stage to final manufacturing.

With Indian automotive sector have shown keen interest on developing EV technologies and allied infrastructure to achieve low carbon emissions, Altigreen Propulsion Labs is developing Drivetrain for electric vehicles that will not only meet needs of customers but also change the scenario in next six to 12 months, says Shalendra Gupta, CFO, Altigreen Propulsion Labs.

The Indian automotive industry, which is going through its worst slowdown in about two decades, saw its car market shrunk by a quarter and two-wheeler sales declined 14 per cent so far this fiscal year. In a tepid economic environment, the fear of job losses is looming large in automotive and auto components segments.