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EV buyers to get benefit of additional IT deduction of Rs 1.5 lakh: Budget 2019-20
To further incentivise e-mobility, budget 2019-20 has exempted customs duty on certain auto components (parts) of electric vehiclesRead more
Budget announces changes in customs duty for some products
Import of defence equipment, currently not manufactured in India, are being exempted from the basic customs duty, said Finance Minister Nirmala SitharamanRead more
Tata AutoComp to make Fortaco’s safety cabins for off-highway vehicles in India
A safety cabin has been designed by Finland-based Fortaco Group to suit Indian conditions and safety requirementsRead more
ACMA organises sixth MSME Summit for auto component makers
The topic of the summit was ‘An Enabling Environment for Global Leadership in Automotive Manufacturing’Read more
US-based auto component maker BorgWarner expands Tamil Nadu facility
The new 43,000-sq ft facility has a VCT production line which provides localised manufacturing in Kakkalur, Tamil NaduRead more
FAR is focusing more on exports to boost revenues
Fenwick And Ravi (FAR), a supplier of critical accessories to machine tools, is experiencing robust demand for its products due to pick up in automotive production and aerospace industry.Read more
Auto component firm Schaeffler India opens Pune facility
The company has announced successful completion of merger of INA Bearings India Pvt Ltd and LuK India Pvt Ltd with Schaeffler India LtdRead more
BorgWarner opens new production line in Tamil Nadu
The US-based auto component supplier BorgWarner on September 21, 2018 opened its expanded facility in Kakkalur, Tamil Nadu. With its leading-edge production line for advanced engine timing and variable cam timing (VCT) systemsRead more
ACMA’s annual session mulls over the future of Indian auto component industry
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
ACMA appoints Ram Venkataramani as President
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