Auto Component Sector
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Auto Component Sector Poised For Growth Amid Demand Recovery and Order Surge: Report
The recovery in auto component is expected to be driven by improved vehicle sales after the GST cut, which has eased cost pressures and supported consumer demand.
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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.
-
Auto Component Sector Poised For Growth Amid Demand Recovery and Order Surge: Report
The recovery in auto component is expected to be driven by improved vehicle sales after the GST cut, which has eased cost pressures and supported consumer demand.
-
"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.
