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Boost on the cards for auto components?

The Indian automotive industry sector has a positive outlook for the upcoming Budget, with expectations for updates on the FAME 3 scheme, PLI sops, and GST revision.

There will be a shift towards advanced synthetic and semi-synthetic grades

Ravi Chawla, MD & CEO, Gulf Oil Lubricants

Abilities secures patent for revolutionary piston technology

The technology is poised to transform the engine components landscape

SIAM Conclave Focuses on Building Resilient Supply Chain

Industry experts and leaders came together to address challenges in the supply chain.

Auto component industry grows 32.8% in FY2022-23

The turnover of the automotive component industry stood at Rs 5.60 lakh crore for the period of April 2022 to March 2023.

Indian auto component industry grows 32.8% in FY 2022-23

Sales to OEMs grows 39.5% on back of strong growth in vehicle sales

Kotak Arm invests in Viney Corporation

A Kotak Mahindra Bank arm announced a Rs 450 crore investment in automobile components company Viney Corporation and its promoter Brijesh Aggarwal.

PLI scheme to give boost to auto components: Minister

Heavy Industries Minister Mahendra Nath Pandey said the introduction of the PLI (production-linked incentive) scheme will give a big boost to the manufacturing of auto components like sunroofs and automatic brakes.

Auto component industry gears up for big shift to EVs

When electric vehicles (EV) become more and more popular can the automotive component industry be far behind? Auto component makers in India are bracing for change.

Auto component sector sees record turnover of Rs 4.2 trillion in FY22: ACMA

Indian auto components industry clocked its highest-ever turnover of Rs 4.2 trillion in 2021-22, registering a growth of 23 per cent on the back of strong performance in exports

CEAT to provide tech for connected vehicles, EV components

CEAT has planned to diversify its product portfolio by offering the latest technologies for connected vehicles and electric vehicles (EVs).

3i EXPO & Conference gets a rousing response from the manufacturing industry; IPF presents awards to 19 SMEs from across India

3i EXPO & Conference gets an arousing response from manufacturing industry; IPF presents awards to 19 SMEs from across India

Chamarajanagar to set up lithium-ion cells production unit

Chamarajanagar in Karnataka will set up a production unit of Lithium-ion cells and batteries, which will soon power the electric vehicle (EV) revolution across India.

Indian auto component industry likely to grow 8-10% in FY23

According to rating agency Icra, the Indian auto component industry might have 8% to 10% growth in Financial Year (FY) 2023, due to the easing of supply-chain issues along with commodity inflation in the next half of the year.

ACMA seeks uniform 18% GST for all auto components

Auto components industry body ACMA has urged the government for a uniform GST rate of 18 percent on all auto parts to curb the impact of counterfeits in the aftermarket operations.

ACMA seeks uniform 18% GST for all auto components

ACMA has urged the government for a uniform GST rate of 18 per cent on all auto parts to curb the impact of counterfeits in the aftermarket operations.

Icra slashes growth forecast for auto components industry to 17-20 pc for FY22

According to Icra, the components industry is now expected to grow at 17-20 per cent in 2021-22, partly aided by "the low base of last year and commodity passthrough" besides growth driven by domestic OEM, replacement and export volumes.

How can the auto components industry bounce back

Financial year (FY) 2020-2021 was a year of transition for the auto components industry. There were new challenges in the form of outburst of Covid-19, loss in production, supply side disruptions, etc.

Budget spurs order books

The Budget 2021 has won the approval of its utmost critics with most giving it a thumbs up. Infrastructure is the mantra for 2021-22 as the Finance Minister proposed to significantly enhance capital expenditure to Rs 5.54 trillion in the next fiscal, besides creating institutional structures and giving a big thrust to monetising assets to achieve the goals of the National Infrastructure Pipeline (NIP), which was launched in December 2019 with around 6,835 projects.

Indian auto component industry clocks de-growth

As per the industry performance review for the first half (H1) of fiscal 2020-21 announced by the Automotive Component Manufacturers Association of India (ACMA), the turnover of the automotive component industry stood at Rs 1.19 trillion for April-September 2020, registering a de-growth of 34 per cent over the same period last year.

JCB India’s largest parts centre inaugurated in HaryanaJCB India inaugurated its largest

JCB India inaugurated its largest parts centre at Bhaproda, Haryana. The facility spread over 150,000 sq ft will provide parts support to the northern Indian region. It will cater to 15 dealer locations and contribute almost 40 per cent to JCB’s parts business in India.

Deepak Jain re-appointed as President of ACMA for 2020-21

Automotive Component Manufacturers Association of India (ACMA) announced the re-appointment of Deepak Jain, Chairman & Managing Director, Lumax Industries as its President and Sunjay Kapur, Chairman, Sona Comstar as the Vice President for the term 2020-21.

Auto Expo 2020-Components gets an overwhelming response

The Automotive Component Manufacturers Association (ACMA), the apex body of the Indian auto component industry, Confederation of Indian Industry (CII) and the Society of Indian Automobile Manufacturers announced the 15th edition of Auto Expo 2020 Components, themed ?Technovation - Discover Innovations for Future?.

Flurry of road bids expected

According to the latest reports, India's GDP growth rate slipped to 4.5 per cent in the July-September quarter of this fiscal.

ACMA announces new President, Vice President

The Automotive Component Manufacturers Association of India (ACMA) announced the appointment of Nirmal K Minda as the President and Ram Venkataramani as the Vice President of ACMA for the term 2017-18. The announcement was made at the 57th ACMA Annual Session during its Executive Committee meeting.

Escorts Ltd divests auto products business

Escorts Ltd announced the divestment of its OEM and export business of auto product division to Badve Engineering Ltd

Escorts Ltd divests auto products business

Escorts Ltd announced the divestment of its OEM and export business of auto product division to Badve Engineering Ltd, Pune in an all cash deal as a part of the planned strategic reorientation of the business to focus on core verticals in the agri machinery, construction equipment and railway equipment.

Escorts partners with Cognizant

Cognizant announced a strategic relationship with Escorts to modernise Escorts? technology landscape and help achieve the company?s vision of digitally transforming its businesses to deliver innovative products, provide superior customer experience, and drive growth.

Sheet Metal Pressed Components

Crescent Auto Components offers a wide range of sheet metal pressed components. These are widely used in multiple automotive and industrial applications.

India may relax tariffs on auto parts

India is likely to take a ?flexible approach? on tariffs on auto components in the free-trade agreement negotiations with the European Union. The 28-nation block is keen to restart talks on the comprehensive free trade agreement (FTA).

Automotive bearings

Delux Bearings is a manufacturer of bearings for automotive and industrial applications, and textile and precision components. The product range comprises different types of bearings such as clutch release bearings, taper roller bearings, centre joint bearings, cylindrical roller bearings, ball bearings, king pin bearings, steering bearings, bogie bearings, cylindrical bearings, spherical roller bearings, mast bearings (fork lift), tensioner (idler) pulley, precision buses, and auto components (

Exhaust Systems

Bharat Automotive Pressings India is a manufacturer of sheet metal components. The company specialises in the manufacture of exhaust systems, sheet metal rocker cover

Forging Ahead

The Indian forging industry is poised to grow and see major investments for capacity expansion in the coming years. The Prime Minister?s ?Make in India? vision will be added fillip to the industry?s plans to diversify its focus into non-automotive and industrial segments apart from automotive sector.

On Growth Path

The Indian auto components industry is one of the fastest growing industries. Coupled with growing demand and technological advancements, the auto components industry in India has emerged as a key market in Asia as well as the world.

Making Equipment Tick

Machine tools play a crucial role in the manufacture of precision components, which enable the production of robust and reliable equipment. Without machine tools, no components or parts would exist.

We look at a y-o-y growth of 25 per cent.

Auto component industry is very important for our business as we completely cater to it. Both local use and exports of the components increase the need for machining in India and this in turn results in demand for machines.

Automotive bearings

Delux Bearings is a manufacturer of bearings for automotive and industrial applications, and textile and precision components. The product range comprises different types of bearings such as clutch release bearings,

Rapid prototyping

ACTECH GmbH designs and produces casting prototypes and small batches for clients from industries like automotive, auto components, aerospace, machine and plant manufacturers. For the automotive industry and automotive suppliers, the company offers sand and investment castings using rapid prototyping. It also manufactures metal castings in small batch quantities. The castings are produced in aluminium, iron and steel alloys, and include products like exhaust manifold, cylinder head, crankcase, c

More Needs To Be Done

The interim Budget presented recently has some positive measures for the construction equipment sector, with the highlight being the two per cent excise duty reduction on capital goods. Industry captains react.We as part of the construction equipment industry, are happy with the cuts announced by the Finance Minister. This will certainly help this important industry to build infrastructure, which has been down by over 30 per cent over the last couple of years. However, I feel that, given the

A note of optimism

The growthline of component manufacturers depends on the original equipment manufacturers (OEMs). While the OEMs are looking hopefully at the coming fiscal year, component manufactures are carefully studying the market trends of various equipment segments.

M and M Spanish venture

Mahindra and Mahindra (M&M) plans to leverage its recent joint venture with Spanish auto component maker CIE Automotive SA to make joint acquisitions in new regions and optimally utilise its own auto ancillary units in India.

Auto component players may invest Rs 7,000 cr

According to the rating agency ICRA, the auto components industry may invest around Rs 7,000 crore over the next three years on new projects, though its revenue growth will remain weak in the absence of domestic demand and an uncertain global economic environment.

Sops to boost export of auto components

The government is considering incentives to the auto component industry to boost exports. The Ministry of Commerce and the Department of Heavy Industry is conducting a joint assessment of the sector.

Engineering growth

Think of cranes, loaders, vibratory rollers and forklifts and the name Escorts Construction Equipment, the manufacturers and marketers of a diverse range of construction and material handling equipment, will immediately come to mind.

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