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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

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

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.

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.

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 component industry turnover down by 11.7 per cent in FY 2019-20

The turnover of the automotive component industry stood at Rs 3.49 lakh crore ($49.2 billion) for the period April 2019 to March 2020, registering a de-growth of 11.7 per cent over the previous year

COVID 19 Impact

With more than 42,000 lives lost and over 850,000 positive cases worldwide in around 200 countries, the coronavirus disease (COVID 19) is continuing its destructive act on the world. The world is on a war footing to prevent the spread of the deadly virus.

ACMA seeks relief measures for component industry to withstand COVID 19 impact

The impact of coronavirus over the industry, people and the economy is a grave concern.

Auto Expo 2020 Components

Around 400 companies launched over 1,200 new products, which exhibits the preparedness of component industry to support the transformation in automotive space.

Technology rules the roost at Auto Expo 2020 Components

The 15th edition of Auto Expo 2020 Components organised jointly by Automotive Component Manufacturers Association of India (ACMA), Confederation of Indian Industry (CII) and Society of Indian Automobile Manufacturers (SIAM), concluded successfully on February 9.

Auto Expo 2020 Components inaugurated

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 (SIAM) kicked off the 15th edition of Auto Expo: 2020 Components, themed ?Technovation - Discover Innovations for Future?.

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?.

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.

Rolling On Smoothly

Bearings are an integral part of equipment which increase efficiency by reducing friction, while maintaining the operational requirements. In this fast moving age of industrialisation, efficiency is the key to success. Construction equipment operates in very demanding environments

Cash Sowcase at Excon

Excon 2015, in CASH domain, witnessed a plethora of equipment aggregates, sub- assemblies, components and IT solutions for OEMs in their equipment, as original suppliers and in the aftermarket space, descending on the scene of action.

Auto component industry to touch $100 bn by 2020

According to the Automotive Component Manufacturers? Association (ACMA), a nearly three-fold jump in the turnover of the sector is expected to touch $100 billion by 2020, mainly driven by focus on high-quality products and low-cost manufacturing.

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.

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.

Our tools help achieve high level of surface finish.

As a part of India?s growth story, the components sector continues to strengthen itself. An important contributor to India?s GDP, the component industry in India is spreading its reach in the domestic as well as the export markets.

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.

Consolidating Presence

Volvo CE strengthens excavator range in India with productive and powerful EC220D and EC300D excavators.The new D-Series excavators from Volvo Construction Equipment have the strength and durability to take on a range of challenging work site tasks. With faster cycle times, excellent digging and lifting capabilities, and a capacity for greater productivity, the EC220D and EC300D have what it takes to get the job done in a low-stress, high-performance way every time

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.

Our 2020 vision is half-a-billion USD sales from India

?Our business model is very different by way of which we will be seen as a very different player altogether. We are bullish on that and we feel we are removing the pain points of our customers, too,? says Kamal Bali, Chief Executive & Managing Director, LeeBoy India.

Is the growth story sustainable?

It is crystal clear, to reach world-class levels, infrastructure needs a tremendous boost for the next several years; this will augur well for the CE sector where most of the major players continue to upgrade capacity and widen product lines.

X factor drives growth

At under 60,000 units of CE, the industry?s contribution to the auto component industry, at nearly $40 billion for 2010-11, is still very insignificant considering a tractor production of over 5,25,000 units and medium and heavy commercial vehicles over 3,30,000 units.

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