Page 7 - Auto Component News Today

Auto component suppliers are expected to log an 8-10 percent growth in revenue this fiscal driven by healthy domestic original equipment manufacturers (OEMs) and pent-up demand from the aftermarket even as headwinds persist on the exports front, credit ratings agency ICRA said in a report. For the first half of the current fiscal, the industry reported a year-on-year growth of 29 per cent

We list all the approved beneficiaries for India's PLI Scheme for Automobile and Auto Component Industry and explain how the scheme will be implemented.

Incentives will be offered for AAT products for vehicles and components manufactured in the country

We discuss India's production-linked incentive (PLI) scheme for the automotive industry and highlight key eligibility criteria pushed by the government.

भारत चीन को एक और तगड़ा झटका दे सकता है। केंद्र सरकार ने ऑटो कंपोनेंट इंडस्ट्री से आयात घटाने को कहा है। दरअसल नीति आयोग के सी.ई.ओ. अमिताभ कांत ने कहा कि भारतीय ऑटोमोबाइल और कंपोनेट इंडस्ट्री (क...

Indian Auto Components Sector Registers Revenue Decline Of 34 Per Cent In H1 2020-21 The overall turnover of the automotive component industry stood at Rs. 1.19 lakh crore for the period April 2020 to September 2020 which is a registering a decline of 34 per cent over the first half of the previous year. 0  Views View Photos Overall turnover in the auto component sector stood at Rs. 1.19 lakh crore in H1 FY 2020-21. Highlights Exports in the same period decl...

COVID-19 slows auto industry by 4 years; full recovery by 2024 The auto industry recorded a turnover of $15.9 billion during the during the first half of 2020-21 against $26.2 billion in 2019-20, which itself was lower than $29 billion in the same period of 2018-19 Sumant Banerji | December 17, 2020 | Updated 00:37 IST Representative Image It comes on a low base of 10.1% decline in turnover in H1 2019-20 It turns forex positive for the first time ever Exports at $5.2 billion higher than impo...

BW Businessworld Indian Auto Component Industry clocks turnover of Rs 1.19 lakh cr, De-Grows 34% in H1FY2: ACMA Industry net foreign exchange positive for the first time ever; Exports at Rs 39,003 crore, decreased by 23.6 per cent; Imports at Rs.37,710 crore, decreased 32.7 per cent, an official statement from ACMA said Photo Credit : The Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced the find...

Those, of course, are shot full of inflation and some economists say that will put a little bit less pressure on the bank of england to raise interest rates for the moment. the lagger is the zurich. the japanese yen is weakening a little bit. standing at 1.4510 and 1.6284 for the british pound. >> and that weaker yen gave electronics and auto stocks a boost in tokyo this session. it helped to offset worries about japans nuclear crisis. also, concerns over supply parts eased a little bit as one a...