Auto Component Industry Looks To Maintain Double-Digit Sales Growth This Fiscal

The auto component industry expects to maintain double-digit sales growth in the current fiscal after having reported its highest-ever turnover in FY22, with demand expected to remain robust. As per the Automotive Component Manufacturers Association (ACMA), the sector reported a turnover of Rs 4.2 lakh crore last fiscal, a growth of 23 per cent over […]


Approval To 75 Auto Parts Makers Under PLI Scheme To Act As Catalyst In Transformation Journey: ACMA

The approval granted by the government to 75 auto component manufacturers for incentives under the PLI scheme will act as a catalyst in the transformational journey from a conventional industry to a mobility industry, industry body ACMA said on Tuesday. Out of a total of 92 auto component manufacturers that applied, 75 have been approved […]

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Union Budget 2022: Automotive Players Says It Is Close to Their Expectations

Presenting Union Budget 2022, Finance Minister Nirmala Sitharaman in her speech has announced some key measures to boost the Indian automotive industry. Announcing a new battery swap policy to encourage electric vehicle adoption is the most appreciative step along with opening up defence R&D to private players for auto component development. MSP payment of ₹2.73 […]