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While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost.Read more
The industry clocks turnover of Rs 1.19 trillion ($ 15.9 billion) in the first half of 2020-21 (April-September 2020) registering a de-growth of 34%, as per the data released by Automotive Component Manufacturers Association of India (ACMA).Read more
The Automotive Component Manufacturers Association of India (ACMA) believes that such a move would not only adversely impact the ‘ease of doing business’ in the state, but also be detrimental to Haryana’s image of an industry friendly state and in attracting future investments.Read more
The clamour for boycott of Chinese goods in India is growing due to the heightened tension at the Galwan border in Ladakh where 20 Indian soldiers were killed in action on the night of July 15. Read more
According to ACMA, sales to OEMs declined 17 per cent, imports by 11.4 per cent and exports by 3.2 per cent. On the other hand, auto component aftermarket at Rs 69,381 crore ($ 9.8 billion) remained stable. Industry cautiously optimistic as green shoots emergeRead more
The auto component association also released a study, conducted by McKinsey & Co, on the theme of “Auto component industry in India: Preparing for the future†on the occasionRead more
Deepak Jain, Managing Director, Lumax Industries Ltd, has been appointed as Vice President of Automotive Component Manufacturers Association of India (ACMA) for 2018-19Read more
ACMA demands uniform 18% GST rate across the auto component sector. While 60% of the auto components attract 18% rate currently, the rest (majority of which are two-wheelers and tractor components) are taxed at 28%Read more
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, announced the appointment of Nirmal K Minda, Vice President, ACMA, as the president of ACMA and Ram Venkataramani as the vice president, ACMA for the term 2017-18.Read more
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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