Rating agency Icra revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 percent.

A reduction in GST rates on auto LPG and subsidies on conversion kits can spur the use of LPG as a fuel in automobiles, according to Indian Auto LPG Coalition (IAC).

M&M will observe seven no-production days at its plants in September. The company added that there will be no material impact of the halt on the XUV7OO production ramp-up and launch plans.

As per the report shared by Amara Raja batteries Limited, the Profit before Tax of the company stood at Rs 1.67 billion for Q1 of the financial year 2021-22.

The Board of Directors of Goodyear India Limited has approved the Company’s unaudited results for the first quarter of fiscal 2022 which shows a total income of Rs 5.40 billion.

Many industry mavens from various sectors unanimously think that India has learned many lessons from the pandemic, and it can certainly handle the challenges if the third wave arrives shortly, says Manav Kapur, Executive Director, Steelbird International.

The machine tools manufacturing sector was one of the worst-hit sectors during the COVID-19 pandemic. IMTMA expects the industry to grow around 8-10% due to infrastructure spending and investments.

The Automotive Component Manufacturers Association of India, ACMA has announced its findings on the automotive component industry.

According to Sandeep Sangwan, Managing Director, Castrol India Limited, the company has reported a strong financial performance and business delivery in 2Q of 2021.