News Dec 16, 2020 Indian auto component industry de-grows 34% in H1 2020-21 However, the industry’s net foreign exchange was positive for the first time ever with companies exporting more ($ 5.2 billion) than importing ($ 5 billion) during the first half of 2020-21.
News Nov 09, 2020 ACMA urges Haryana to reconsider law of 75% reservation for locals in pvt sector According to Automotive Component Manufacturers Association of India (ACMA), believes that such a move will be detrimental for attracting future investments in Haryana
News Sep 18, 2020 Ramp up R&D to reduce auto component imports: Amitabh Kant 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.
Interviews Jul 11, 2020 2W segment is ramping up production faster than 4W: Anurag Garg In this interview with Rakesh Rao, Anurag Garg, MD & Country Head (India), Vitesco Technologies - formerly the Powertrain Division of Continental - discusses how auto component industry is coping with COVID pandemic and the growth plans of the company.
Articles Jun 02, 2020 Auto components: Investments are inevitable The last three months were difficult for the auto component industry while there is hope for a partial recovery with two- and three-wheeler market and exports. For long, the Indian automotive market experienced slowdown headwinds which were followed by Covid 19. In this article, This article discusses auto component industry challenges and the way ahead.
Interviews Jun 01, 2020 With Scrappage Policy auto industry can revive faster The Covid 19 pandemic is having enormous effects globally. The global economy has been hit hard, even worse than the Great Depression in 1930.
News May 19, 2020 ACMA welcomes new MSME definition and infusion of liquidity The new package is expected to give a big boost to the MSME sector, which has been under severe stress.
Industry News Apr 30, 2020 Automobile Industry Update: FY20 In FY20, the industry sales experienced a sharp decline of 14.8 per cent y-o-y vis-à-vis a growth of about 6.4 per cent during FY19 led by factors such as increased insurance costs, uneven monsoon, high ownership costs, curtailed lending by the NBFC segment,etc.
Desk Apr 01, 2020 Auto in reverse gear due to Covid 19 To fight novel coronavirus disease (Covid 2019), the government ordered a 21-day nation-wide lockdown, starting March 25.