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AMF’s zero-point clamping system in limelight at IMTEX
The Germany-based Andreas Maier GmbH & Co KG (AMF), also a leading global player in the fields of clamping, hand tools and locks highlighted its zero-point clamping system at IMTEX 2023.Read more
Gearing up for Kumbha Mela of machine tools, IMTEX 2023
The year 2022 saw a balanced growth for the industry starting on a high at the start and tapering down a bit in the second half of the year. Read more
India's auto component market up 23% in 2021-22
Indian automotive component industry registered a turnover of Rs 4.20 lakh crore ($ 56.5 billion) in FY 2021-22, registering a growth of 23% over the previous year, according to the findings of Automotive Component Manufacturers Association of India (ACMA). Read more
India's auto component market sees record turnover of Rs 4.2 lakh crore in FY22
With 23% growth in 2021-22, Indian auto component industry clocked highest-ever turnover. Exports grow by 43% and imports by 33% clocking trade-surplus for the first time. Auto component aftermarket grows 15% to Rs 74,203 crore Read more
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
Motherson and Valeo to jointly create auto interior of the future
Samvardhana Motherson Automotive Systems Group BV (SMRP BV), a Motherson company, and Valeo have signed a Memorandum of Understanding (MOU) which aims to create the automotive vehicle interior of the future through the integration of lighting systems with advanced surface finishes. Read more
CAE plays a key part in manufacturing process
With well over 30 years of experience working with and at leading tier 1 automotive companies as well as OEMs, Radha Krishnan truly understands what it takes to create revolutionary solutions for the manufacturing industry. 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
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
Schaeffler India opens Large Size Bearings Refurbishing Center in Jamshedpur
Strategically located in Eastern part of country, the facility is in partnership with Premier Bearings India Ltd, a leading authorised distribution partner for Schaeffler India.Read more