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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
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
National Capital Region: A model for cluster development
Even though manufacturing sector participation has declined, it remains as one of the primary employment generators in the overall NCR economy, according to Dr Sangita Singh and Mansi Chaudhary.Read more
Auto Components Industry on a roll
Combined with a proactive government policy and the increasing investments by OEMs, there are several triggers which will push the Indian auto component industry to a new high. Read more