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).

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced a growth of 65 per cent over the first half of the previous year.

The auto components industry is poised for a 10- 15 per cent growth in fiscal 2022, following a 3 per cent slide in FY21 during peak Covid pandemic, according to Sunjay Kapur.

According to a regulatory filing, Maruti Suzuki India Limited (MSIL) has experienced a price hike of 1.9% on its entire product line which includes Swift, Baleno, Ciaz, S-Cross, Alto 800, and S-Presso.

Automotive Component Manufacturers Association of India (ACMA) announced the appointment of Mr. Sunjay J Kapur, Chairman, SONA Comstar Ltd. as President for the 2021-22 session.

Automotive Component Manufacturers Association of India (ACMA), has appointed Deepak Jain (Chairman & Managing Director, Lumax Industries Ltd) as its President for the term 2019-21. Similarly, Sunjay Kapur, Chairman, Sona Comstar, was selected as the Vice President.

Indian auto component maker Sona Group, which on Wednesday announced its decision to sell its entire stake in Sona Koyo Steering Systems Limited (SKSSL) to Japan's JTEKT Corporation, said it will focus on its forging business.

Sona Autocomp Holding has entered into an agreement, with its long standing technical and financial collaborator JTEKT Corporation, to sell its entire stake in Sona Koyo Steering Systems (SKSSL).

Surinder Kapur, the founder and chairman of Indian auto component major Sona Group died at the age of 71 in Munich, Germany. It is report