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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

Govt extends PLI Scheme to 10 new sectors with incentives of Rs 1460 bn

10 sectors eligible for Production-Linked Incentive (PLI) Scheme are ACC batteries, electronics/technology products, automobiles & auto components, pharmaceutical drugs, telecom & networking products, textile products, food products, solar PV modules, ACs & LED, and speciality steelRead more

With Scrappage Policy auto industry can revive faster

The Covid 19 pandemic is having enormous effects globally. The global economy has been hit hard, even worse than the Great Depression in 1930. Read more

Italy’s UFI Filters opens automotive filters plant at NCR

Initial production will be to the tune of 6 million filters per year, including cabin filters and air filters for cars and heavy vehicles, as well as dedicated hydraulic filtration spares.Read more

Meritor and Automotive Axles open axle assembly facility for automotives

The new assembly facility expands Meritor India’s production capacity by 25%, equipping it to better serve customers in the commercial vehicle, off-highway and defense sectors.Read more

Jaya Hind Industries produces complex aluminium structural parts for automaker

Foray into large aluminium structural parts manufacturing will open up new opportunities for Jay Hind, a part of Dr Abhay Firodia Group, given the severe pressure on OEMs to reduce vehicle weightRead more

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

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