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China's Rare Earth Restrictions Cripple Auto Industry Globally
The global auto industry has been rocked by China's decision to restrict exports of rare earth magnets that are crucial to making vehicles. Beijing is using this as a key weapon in its trade war with Washington.
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Trumps Tariffs: Rs 4.5K Crore Revenue Hit Expected For Auto Component Industry
The Indian auto component industry demand continues to benefit from a diversified mix of end-user segments and geographies, with over 70 per cent of its revenues coming from domestic sales.
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NITI Aayog: Cost Advantage To Boost Indias Position In Automotive Component Market
China is the largest auto components supplier to India, contributing close to 23 per cent of India's imports, the NITI Aayog report added.
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Trump Auto Tariffs A Blessing In Disguise: Skoda Auto Volkswagen
There might be short-term hiccups because of increased tariffs for our component industry from India, but in the long run, maybe it will open up opportunities, Arora said.
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NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
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ACMA Hopeful Of Strong Trade-Related Relations Between India and USA
ACMA remains hopeful that the ongoing bilateral negotiations between the Indian and U.S. governments will lead to a balanced resolution that benefits both economies.
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Scarpping Policy To Bring Down Automotive Component Prices: Gadkari
"We brought scrapping policy, because of which prices of the auto component will be reduced by 30 per cent," says Nitin Gadkari.
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Auto Industry Contributes To 15 Per Cent Of Total GST In FY24 - SIAM President
At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.
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Tesla On Way To Double Its Components Imports From India: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India.
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iPhone Supplier Foxconn to Invest $250 Million for EV Components Unit in Vietnam
Foxconn is set to invest about $250 million (nearly Rs. 20,500 crore) in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world's largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn's global plans to become a player in the EV industry, after h...
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For EV Batteries, Lithium Iron Phosphate Becoming Material of Choice
As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. The popularity of the chemical compound known as LFP is due partly to environmental and geopolitical concerns.
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Income Tax Rates Should Increase Consumption: Automobile Industry Praises Union Budget 2023
Automotive Component Manufacturers Association President Sunjay J Kapur said the budget is a blueprint of a digitally enabled Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace.
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Vitesco Inaugurates New Manufacturing Plant In Talegaon
New manufacturing plant to manufacture components for two-wheelers initially.
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Mahindra Says EV Partnership With Volkswagen Moving Ahead As Planned
The two companies had signed a partnering agreement in May 2022 for sourcing EV components from VW with a binding supply contract yet to be signed.
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Semcorp To Invest $916 Million To Make EV Battery Components In Ohio
Semcorp plans to invest $916 million in a manufacturing plant in Sidney, Ohio.
-
China's Rare Earth Restrictions Cripple Auto Industry Globally
The global auto industry has been rocked by China's decision to restrict exports of rare earth magnets that are crucial to making vehicles. Beijing is using this as a key weapon in its trade war with Washington.
-
Trumps Tariffs: Rs 4.5K Crore Revenue Hit Expected For Auto Component Industry
The Indian auto component industry demand continues to benefit from a diversified mix of end-user segments and geographies, with over 70 per cent of its revenues coming from domestic sales.
-
NITI Aayog: Cost Advantage To Boost Indias Position In Automotive Component Market
China is the largest auto components supplier to India, contributing close to 23 per cent of India's imports, the NITI Aayog report added.
-
Trump Auto Tariffs A Blessing In Disguise: Skoda Auto Volkswagen
There might be short-term hiccups because of increased tariffs for our component industry from India, but in the long run, maybe it will open up opportunities, Arora said.
-
NITI Aayog: By 2030 Automotive Component Production To Cross $145 Bn Mark
NITI Aayog's report also outlined several strategic fiscal and non-fiscal interventions aimed at enhancing India's global competitiveness in the automotive sector.
-
ACMA Hopeful Of Strong Trade-Related Relations Between India and USA
ACMA remains hopeful that the ongoing bilateral negotiations between the Indian and U.S. governments will lead to a balanced resolution that benefits both economies.
-
Scarpping Policy To Bring Down Automotive Component Prices: Gadkari
"We brought scrapping policy, because of which prices of the auto component will be reduced by 30 per cent," says Nitin Gadkari.
-
Auto Industry Contributes To 15 Per Cent Of Total GST In FY24 - SIAM President
At the 64th ACMA Annual Session, the SIAM President revealed that the Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore.
-
Tesla On Way To Double Its Components Imports From India: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India.
-
iPhone Supplier Foxconn to Invest $250 Million for EV Components Unit in Vietnam
Foxconn is set to invest about $250 million (nearly Rs. 20,500 crore) in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world's largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn's global plans to become a player in the EV industry, after h...
-
For EV Batteries, Lithium Iron Phosphate Becoming Material of Choice
As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. The popularity of the chemical compound known as LFP is due partly to environmental and geopolitical concerns.
-
Income Tax Rates Should Increase Consumption: Automobile Industry Praises Union Budget 2023
Automotive Component Manufacturers Association President Sunjay J Kapur said the budget is a blueprint of a digitally enabled Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace.
-
Vitesco Inaugurates New Manufacturing Plant In Talegaon
New manufacturing plant to manufacture components for two-wheelers initially.
-
Mahindra Says EV Partnership With Volkswagen Moving Ahead As Planned
The two companies had signed a partnering agreement in May 2022 for sourcing EV components from VW with a binding supply contract yet to be signed.
-
Semcorp To Invest $916 Million To Make EV Battery Components In Ohio
Semcorp plans to invest $916 million in a manufacturing plant in Sidney, Ohio.
