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Auto component industry looks to invest $7 bn over next 5 years to expand capacity, upgrade tech

"The components industry continues to make investments for purposes of higher value-addition, technology upgradation, and localisation to stay relevant to both domestic and international customers," Automotive Component Manufacturers Association of India (ACMA) President Shradha Suri Marwah told reporters.
United States Vinnie Mehta Automotive Component Manufacturers Association Of India Component Manufacturers Association President Shradha Suri Marwah General Vinnie Mehta

Efforts to boost localisation adding on to revenue of component firms

An increase in value of sales of components sold to automakers, aided by the shift in consumer preference to larger, more powerful vehicles across segments helped drive up revenues by 6.5% till September FY24, shows data available with industry body Automotive Component Manufacturers Association (ACMA).
Automotive Component Manufacturers Association Suri Marwah Auto Components Auto Parts Two Wheelers Car Sales

Indian auto component industry logs 13% growth to $36.1 billion in H1FY24

The automobile components industry saw turnover grow 12.6% to $36.1 billion for the first half of 2023-24 (April-September 2023), compared with $33.9 billion earned in the corresponding period of FY23, according to a ACMA report
United States Vinnie Mehta Automotive Component Manufacturers Association Of India Society Of Indian Automobile Manufacturers Industry Performance Review Automotive Component Manufacturers Association

Auto component industry looks to invest USD 7 bn over next 5 years to expand capacity, upgrade tech, ET Auto

"The components industry continues to make investments for purposes of higher value-addition, technology upgradation, and localisation to stay relevant to both domestic and international customers," Automotive Component Manufacturers Association of India (ACMA) President Shradha Suri Marwah told reporters.
United States Vinnie Mehta Automotive Component Manufacturers Association Of India Component Manufacturers Association President Shradha Suri Marwah General Vinnie Mehta

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Metalwork Industries Ltd. clinches MSME of the Year 2023 Award

In a moment of pride and recognition, Metalwork Industries Ltd, based in Jamshedpur, was honoured with the esteemed Economic Times award for MSME of the Year 2023. The accolade comes after a rigorous selection process that spanned five months and evaluated over 15,000 companies nationwide.
Sanjay Sabherwal Jharkhand State Council Medium Enterprises Metalwork Industries Ltd Economic Times Auto Components

Pirelli Confirmed on the S&P Dow Jones World and Europe Sustainability Indexes

Pirelli has been confirmed on the Dow Jones World and Europe Sustainability Indexes following the annual review of the indices conducted by S&P Global. The confirmation follows the announcement in November that Pirelli had obtained the highest scores in the Auto Components and Automotive sectors as part of the S&P Global 2023 Corporate Sustainability Assessment. Pirelli obtained the maximum score in a variety of areas, including Business Ethics, innovation, attention to human rights, heal...
Sp Dow Jones Marco Tronchetti Provera Pirelli Confirmed Europe Sustainability Global Level Auto Components

PIRELLI CONFIRMED ON THE S&P DOW JONES WORLD AND EUROPE SUSTAINABILITY INDEXES FIRST PLACE AT THE GLOBAL LEVEL IN THE AUTO COMPONENTS AND AUTOMOTIVE SECTORS

/PRNewswire/ -- Pirelli has been confirmed on the Dow Jones World and Europe Sustainability Indexes following the annual review of the indices conducted by S&P...
Prnewswire Pirelli Marco Tronchetti Provera Dow Jones World Europe Sustainability Indexes Auto Components Business Ethics

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