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"India Doesn't Work Under Pressure": Industry Body Ahead Of US Trade Deal
India does not take any decision under pressure from any country, Confederation of Indian Industry (CII) National President Rajiv Memani has said, asserting that New Delhi's interest will always be a priority as it nears a trade deal with Washington.
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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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Centre to Draft New Policy to Attract EV Manufacturers, Bring Investment: Piyush Goyal
India will come up with new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, commerce minister Piyush Goyal said on Wednesday. Asked about the government's plans, Goyal said consultation on the new policy will be held with the industry.
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Japan Parts Makers Halt Output After Quake, Another Blow To Supply Chain
Even as Japan's dominance of consumer electronics had faded, manufacturers have carved out a world-leading niche in highly specialised components such as Murata's ceramic capacitors and Sony's image sensors.
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115 Automotive Companies Apply For PLI Scheme: Ministry Of Heavy Industries
Incentives are applicable under the scheme for determining sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from April 1, 2022, onwards for a period of five consecutive years, the ministry said in a statement.
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Electric Two-Wheeler Makers Welcome PLI Scheme For Auto Sector
Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.
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Indian Auto Components Sector Registers Revenue Decline Of 34 Per Cent In H1 2020-21
The overall turnover of the automotive component industry stood at Rs. 1.19 lakh crore for the period April 2020 to September 2020 which is a registering a decline of 34 per cent over the first half of the previous year.
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India Open To Raising Duties On Auto Imports To Boost Local Production
India is open to raising duties on auto imports in a phased manner in a bid to boost domestic production, a minister said on Friday, as the country's car industry set a target to halve imports of components within five years. Commerce Minister Piyush Goyal said raising duties was "not a bad idea" to discourage automakers from importing car kits, co...
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India Aims To Reduce Component Imports And Promote Exports To Become Self-Reliant
The industry is now targeting to reduce its dependency on imports by almost half and increase exports levels in a bid to strengthen its position in the global picture.
-
In Auto Sector, We Should Move Towards Global Dominance, Says Piyush Goyal
Union Minister of Commerce and Industry and Railways Piyush Goyal has said that in the auto sector, we should move towards global dominance, in terms of auto components and automobiles.
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Auto Component Sector Records A Revenue Decline Of 11.7 Per Cent in FY2020
The auto component industry has recorded a revenue decline of 11.7 per cent at Rs. 3.49 lakh crore in the last financial year.
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India Plans To Offer Incentives To Auto Companies To Boost Exports: Report
India is drawing up an incentive scheme for the autos sector aimed at doubling exports of vehicles and components in the next five years, four sources with direct knowledge of the matter told Reuters.
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Auto Component Sector Likely To See Job Cuts If There's Weak Demand: ACMA
The Indian auto component sector is likely to see massive job cuts if the sector continues to face business difficulties because of the reduced demand owing to coronavirus pandemic. According to PTI, the Automotive Component Manufacturers Association of India (ACMA) stated that the sector could witness huge job losses due to lack of demand caused b...
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Lockdown 4.0: Government's Economic Relief Package Expected To Boost Demand For Automobiles And Restore Supply Chain
The economic package is likely to spur demand in the economy and in-turn for automobiles along with helping auto component supplies in resuming operations as over 80 per cent of them are MSMEs.
-
Coronavirus Lockdown: Government's Rs. 20 Lakh Crore Package Likely To Bring Relief To Component Manufacturers
Auto Component Manufacturers Association (ACMA) had earlier requested the government for any policy or financial aids and the announcement comes as a big relief.
-
"India Doesn't Work Under Pressure": Industry Body Ahead Of US Trade Deal
India does not take any decision under pressure from any country, Confederation of Indian Industry (CII) National President Rajiv Memani has said, asserting that New Delhi's interest will always be a priority as it nears a trade deal with Washington.
-
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.
-
Centre to Draft New Policy to Attract EV Manufacturers, Bring Investment: Piyush Goyal
India will come up with new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, commerce minister Piyush Goyal said on Wednesday. Asked about the government's plans, Goyal said consultation on the new policy will be held with the industry.
-
Japan Parts Makers Halt Output After Quake, Another Blow To Supply Chain
Even as Japan's dominance of consumer electronics had faded, manufacturers have carved out a world-leading niche in highly specialised components such as Murata's ceramic capacitors and Sony's image sensors.
-
115 Automotive Companies Apply For PLI Scheme: Ministry Of Heavy Industries
Incentives are applicable under the scheme for determining sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from April 1, 2022, onwards for a period of five consecutive years, the ministry said in a statement.
-
Electric Two-Wheeler Makers Welcome PLI Scheme For Auto Sector
Several two-wheeler manufacturers have welcomed the government's announcement to introduce production-linked incentives (PLI) for the auto sector.
-
Indian Auto Components Sector Registers Revenue Decline Of 34 Per Cent In H1 2020-21
The overall turnover of the automotive component industry stood at Rs. 1.19 lakh crore for the period April 2020 to September 2020 which is a registering a decline of 34 per cent over the first half of the previous year.
-
India Open To Raising Duties On Auto Imports To Boost Local Production
India is open to raising duties on auto imports in a phased manner in a bid to boost domestic production, a minister said on Friday, as the country's car industry set a target to halve imports of components within five years. Commerce Minister Piyush Goyal said raising duties was "not a bad idea" to discourage automakers from importing car kits, co...
-
India Aims To Reduce Component Imports And Promote Exports To Become Self-Reliant
The industry is now targeting to reduce its dependency on imports by almost half and increase exports levels in a bid to strengthen its position in the global picture.
-
In Auto Sector, We Should Move Towards Global Dominance, Says Piyush Goyal
Union Minister of Commerce and Industry and Railways Piyush Goyal has said that in the auto sector, we should move towards global dominance, in terms of auto components and automobiles.
-
Auto Component Sector Records A Revenue Decline Of 11.7 Per Cent in FY2020
The auto component industry has recorded a revenue decline of 11.7 per cent at Rs. 3.49 lakh crore in the last financial year.
-
India Plans To Offer Incentives To Auto Companies To Boost Exports: Report
India is drawing up an incentive scheme for the autos sector aimed at doubling exports of vehicles and components in the next five years, four sources with direct knowledge of the matter told Reuters.
-
Auto Component Sector Likely To See Job Cuts If There's Weak Demand: ACMA
The Indian auto component sector is likely to see massive job cuts if the sector continues to face business difficulties because of the reduced demand owing to coronavirus pandemic. According to PTI, the Automotive Component Manufacturers Association of India (ACMA) stated that the sector could witness huge job losses due to lack of demand caused b...
-
Lockdown 4.0: Government's Economic Relief Package Expected To Boost Demand For Automobiles And Restore Supply Chain
The economic package is likely to spur demand in the economy and in-turn for automobiles along with helping auto component supplies in resuming operations as over 80 per cent of them are MSMEs.
-
Coronavirus Lockdown: Government's Rs. 20 Lakh Crore Package Likely To Bring Relief To Component Manufacturers
Auto Component Manufacturers Association (ACMA) had earlier requested the government for any policy or financial aids and the announcement comes as a big relief.
