Indian Auto Components 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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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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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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Backlash Against China Creates Huge Opportunity For $ 57 bn Indian Auto Components Industry
As sentiment against China starts to build, many global OEMs may look to India and others as options to sourcing from Chinese suppliers. Can Indian vendors cash in on the opportunity created by the COVID-19 pandemic?
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Automobile Industry Bands Together For The First Time To Seek Resumption Of Operations
The Indian automotive industry is one of the key drivers of our economy as it contributes 7 per cent to the GDP. The auto sector also creates employment for more than 3.7 crore people in a direct as well as indirect ways. Additionally, the industry also plays a crucial role in exports by exporting USD 27 billion worth of vehicles and components on ...
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Worst Downturn Ever For Indian Auto Industry, 350,000 Lay-Offs: Report
Within this previously unreported figure, car and motorcycle makers have laid off 15,000 and component manufacturers 1,00,000, with the remaining job losses at dealers, many of which have closed, the industry source said.
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Automobile Slowdown Hits Component Manufacturers In Chennai
The Society of Indian Automobile Manufacturers, or SIAM, says car sales has dropped by 26 per cent in May compared to last year
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Indian Car Sales See Muted Growth in February
Domestic car sales saw muted growth last month with market leader Maruti Suzuki taking a hit due to the Jat community quota stir in Haryana - causing disruption in supply of some components - even as Hyundai Motor India and Mahindra saw an increase in purchases during the month.
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Auto Expo 2014: Live updates on latest launches
The 12th edition of Auto Expo, the biggest spectacle in the Indian automobile sector, has been split into two, with the motor show being held at Greater Noida and auto components exhibition at the traditional venue of Pragati Maidan during February 5-11.
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26 global models to be unveiled at Auto Expo 2014
Amid economic slowdown, Auto Expo, the biggest spectacle in the Indian automobile sector, will begin next week with the industry hoping for a recovery in demand through the show which will see 70 new unveilings.
-
Auto industry slump raises fears of job cuts
According to industry bodies Society of Indian Automobile Manufacturers (SIAM) and Automotive Component Manufacturers Association of India (ACMA), with demand continuing to be low and factories not operating at full scale, this may lead to temporary excess overheads.
-
Outlook for Indian auto components sector stable in 2012: Fitch
The report said the current depreciation of the Indian rupee is likely to benefit auto suppliers.
-
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...
-
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.
-
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...
-
Backlash Against China Creates Huge Opportunity For $ 57 bn Indian Auto Components Industry
As sentiment against China starts to build, many global OEMs may look to India and others as options to sourcing from Chinese suppliers. Can Indian vendors cash in on the opportunity created by the COVID-19 pandemic?
-
Automobile Industry Bands Together For The First Time To Seek Resumption Of Operations
The Indian automotive industry is one of the key drivers of our economy as it contributes 7 per cent to the GDP. The auto sector also creates employment for more than 3.7 crore people in a direct as well as indirect ways. Additionally, the industry also plays a crucial role in exports by exporting USD 27 billion worth of vehicles and components on ...
-
Worst Downturn Ever For Indian Auto Industry, 350,000 Lay-Offs: Report
Within this previously unreported figure, car and motorcycle makers have laid off 15,000 and component manufacturers 1,00,000, with the remaining job losses at dealers, many of which have closed, the industry source said.
-
Automobile Slowdown Hits Component Manufacturers In Chennai
The Society of Indian Automobile Manufacturers, or SIAM, says car sales has dropped by 26 per cent in May compared to last year
-
Indian Car Sales See Muted Growth in February
Domestic car sales saw muted growth last month with market leader Maruti Suzuki taking a hit due to the Jat community quota stir in Haryana - causing disruption in supply of some components - even as Hyundai Motor India and Mahindra saw an increase in purchases during the month.
-
Auto Expo 2014: Live updates on latest launches
The 12th edition of Auto Expo, the biggest spectacle in the Indian automobile sector, has been split into two, with the motor show being held at Greater Noida and auto components exhibition at the traditional venue of Pragati Maidan during February 5-11.
-
26 global models to be unveiled at Auto Expo 2014
Amid economic slowdown, Auto Expo, the biggest spectacle in the Indian automobile sector, will begin next week with the industry hoping for a recovery in demand through the show which will see 70 new unveilings.
-
Auto industry slump raises fears of job cuts
According to industry bodies Society of Indian Automobile Manufacturers (SIAM) and Automotive Component Manufacturers Association of India (ACMA), with demand continuing to be low and factories not operating at full scale, this may lead to temporary excess overheads.
-
Outlook for Indian auto components sector stable in 2012: Fitch
The report said the current depreciation of the Indian rupee is likely to benefit auto suppliers.
