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ACMA ANNUAL SESSION
Goyal calls for resilient supply chains, while Gor stresses fair and reciprocal India-US tradeIn a strategic move, India is ramping up its partnerships on critical minerals with countries including the UK and the EU. Trade agreements...- India in talks with multiple countries to develop critical minerals for domestic needs: Piyush GoyalIndia is actively seeking partnerships with nations like the US for critical mineral development. The country is also engaged in dialogues ...
- Hyundai Motor India targets No. 2 spot with new SUVs, higher production capacityHyundai Motor India plans to launch two new SUVs, including an electric model, to boost sales. The company is increasing production capacit...
- US-India partnership can help reshape global auto supply chains, says Sergio GorThe United States views India as a vital partner for global automotive supply chains. This relationship now extends beyond component trade ...
- India's auto component industry targets $200 bln turnover by FY30 amid rising risks: BCG-ACMAIndia's auto component sector aims for $200 billion turnover by FY30. Achieving this goal requires greater resilience against rising costs ...
- India needs to build advanced tech capabilities, reduce import dependence: Hyundai CEO Tarun GargHyundai Motor India MD and CEO Tarun Garg urged India to develop advanced technology capabilities. He stated the nation must move beyond ma...
- Auto industry must turn disruption into strength, says Maruti Suzuki CEOThe auto sector must become stronger due to disruption in the next decade. Deep localization, people development, collective learning, and ...
- Auto sector must focus on building global leadership with scale: Industry leadersIndian auto leaders urge a shift from resilience to global competitiveness and technology leadership. The sector aims to become a leading a...
- Auto PLI scheme draws Rs 45,477 crore investment, creates 67,000 jobs: Union Minister HD KumaraswamyThe auto PLI scheme has attracted Rs 45,477 crore investment and created over 67,000 jobs. Government enhanced electric two-wheeler scheme ...
- Maruti Suzuki CEO flags global supply risks, calls for deeper localisation across automotive supply chainMaruti Suzuki's MD urged deeper localisation for India's manufacturing growth. Global supply chains are reconfiguring, creating opportuniti...
- Auto industry must focus on design, domestic value addition for e-mobility transition: H D KumaraswamyUnion Minister H D Kumaraswamy urged the automotive industry to prioritize design and domestic value addition. He emphasized that India's e...
- Sunjay Kapur's wife Priya Sachdev Kapur attends Acma meet while family feud over estate intensifiesFollowing Sunjay Kapur's death and the ensuing family feud over his business empire, his wife, Priya Sachdev Kapur, attended a key Automoti...
- E20 blended fuel tested before approval, milage not affected: Nitin GadkariUnion Minister Nitin Gadkari defends E20 fuel. He states it underwent thorough testing and doesn't affect mileage. Automakers support it. G...
- Auto industry calls for closer cooperation with govt for critical raw materialsAuto industry leaders stress collaboration with the government. This is for securing vital raw materials like rare earth magnets. Shifting ...
- India to roll out incentives for local rare earth magnet production: HD KumaraswamyIndia is proactively reducing its reliance on Chinese rare earth magnet supplies by introducing fiscal incentives to boost local manufactur...
- India fine tuning FTAs with various nations to suit domestic industry: Union Minister Jitin PrasadaIndia is revising free trade agreements with South Korea, Malaysia, and ASEAN countries to benefit domestic industries. Union Minister Jiti...
- Auto industry crosses Rs 20 lakh crore mark in FY24; contributes 14-15 pc to total GST: SIAM PresidentThe Indian automotive industry has surpassed Rs 20 lakh crore in FY24, contributing 14-15 per cent of the total GST collected. The sector i...
- Union Minister asks auto component companies to take steps to implement localisation initiativesThe heavy industries minister, Mahendra Nath Pandey, speaking at the annual session of the ACMA (Automotive Component Manufacturers Associa...
- Working closely with SIAM to enhance localisation in auto component sector: ACMASpeaking at the inaugural session of the two-day industry event ACMA Automechanika, ACMA President Deepak Jain noted that the initiative wo...
- Improve productivity, explore smart solutions: Piyush Goyal to auto components industry"We should start taking measures to tighten the belt, improve productivity, start looking at every element of cost and smarter solutions to...
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