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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
Lumax Cornaglia opens R&D centre in Pune for auto components
The targeted product line for the R&D centre is air intake systems, urea tanks, other automotive tanks, CAC ducts and other blow moulded parts.Read more
Henkel partners TVS unit MAS for vehicle & repair aftermarket
With this, Madras Auto Service (MAS), a division of TVS, has become Henkel India’s channel partner for pan India vehicle repair & maintenance (VRM) salesRead more
BorgWarner’s technology improves cabin comfort for NIO ES8 electric SUV
Its efficient air heating solution quickly warms the cabin for maximum comfort and rapidly defrosts windows for visibilityRead more
Germany’s Continental opens R&D facility in Gurgaon
This follows the company’s recent announcement, on the occasion of its tenth anniversary celebration, to invest in high Rs three-digit crore for expansion in India Read more
Siemens India selects Ferretto’s Vertimag EF storage systems for PCB components
The Italian company Ferretto Group has strengthened its presence in India by bagging an order from Siemens India to reorganise the storage and management of PCB components (printed circuits) at its Goa factory. Siemens, one of the world leaders in the sector of electronics, has selected Ferretto Group’s Vertimag EF vertical automatic storage system for this purpose. Read more
International Automotive Components opens new Manesar plant
The new plant will produce vehicle headliners, center console systems, and instrument panel componentsRead more
Indian auto component industry reaches $51.2 bn in 2017-18, up 18.3%
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
Dana to acquire Oerlikon’s drive systems biz for $ 600 mn
The acquisition optimises Dana’s global manufacturing presence to be closer to customers in key growth markets such as China and India, as well as the USRead more