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Indian Govt approves 75 auto component makers for incentives under PLI Scheme
Ninety two auto component manufacturers had applied for the scheme, which has sanctioned outlay of Rs 26,000 crores for the automotive sectorRead more
Marelli supplies inverter for new BMW CE 04 electric scooter
The system, a key technology in electric vehicles, is developed and produced in-house by Marelli, that will also provide the related software.Read more
BorgWarner supplies innovative heater technology for BMW's electric vehicles
The technology can be used for passenger cabin heating, improving battery energy performance and fast charging speed. Read more
Birla Precision Technologies: A legacy of excellence
Birla Precision Technologies, Dagger Forst, cutting tools, gear cutting tools, Vedant Birla, Tool Bits, machine tools, Kennametal, Precision Components, Hydraulic Components, auto Components, Engine ComponentsRead more
Sundaram Auto Components' Mysuru plant conferred with TPM Excellence Award
Mysuru plant is one of the 25 manufacturing units globally to bag the honour for 2021Read more
India’s engineering goods exports up 54% in 9M of 2021-22
Engineering goods sector - which constitutes the largest (more than 27%) share of India’s total exports basket - recorded exports of $ 81.8 billion during April-December 2021 as compared to $ 52.9 billion during the first nine months (9M) of 2019-20.Read more
Budget 2022 - ACMA: Ensure uniform 18% GST on all auto components
Automotive Component Manufacturers Association (ACMA) has recommended enhancement of RoDEPT rates and measures to encourage capital investment in auto component industryRead more
Omega Seiki Mobility forms JV with Korea’s Jae Sung Tech for EV powertrains
The all-electric Ra314 powertrain will be manufactured by Omega Seiki Mobility at its facility in Faridabad and in Pune at its group company, Omega Bright Steel and Components’ facilityRead more
Indian auto component industry grows 65% in H1 2021-22: ACMA
Auto component manufacturers have now, by and large, recovered and the investment cycle has also commenced, according to Sunjay Kapur, President, Automotive Component Manufacturers Association of India (ACMA).Read more
Godrej Tooling expects 30% YOY increase in revenues
E-mobility is gaining traction in India due to its eco-friendly feature, tax rebates and low cost of maintenance. Growing electric vehicles industry is expected to increase demand more complex, higher value-added tools.Read more