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PMP AUTO COMPONENTS
No serious LPG supply shortage reported by auto component makers so far, says govtAddressing an inter-ministerial briefing here on the recent developments in West Asia, Additional Secretary in the Ministry of Heavy Indust...- Ola Electric slips to fourth in September E2W sales as Bajaj reclaims second spotIndia's electric two-wheeler market saw a shift in September as Ola Electric dropped to fourth place, with Bajaj Auto rising to second. Ove...
- Ather Energy defers Rs 26 crore PM E-DRIVE claims amid magnet shortageAther Energy has postponed Rs 26.2 crore in claims under the PM E-DRIVE scheme for 52,500 scooters due to a global shortage of rare earth m...
- Auto cos seek PLI relaxations amid rare earths supply disruptionThe Indian automotive sector is grappling with supply chain hurdles, primarily due to restrictions on shipments of rare earth magnets from ...
- $100 billion: How can India hit its lofty electronics export target?To reach the ambitious goal of a $5 trillion economy, the government aims for $300 billion in electronics production, including $100 billio...
- India to be a global giant in electric vehicles by 2030: GovtIndia aims to become a global leader in the electric vehicle (EV) sector by 2030, with the two-wheeler segment expected to achieve this goa...
- Govt exploring legal options against electric 2-wheeler cos for not complying with FAME II normsThe Indian government is considering legal action against seven electric two-wheeler companies for not complying with the FAME II scheme no...
- Seven electric two-wheeler firms suffered over Rs 9,000 crore loss after Centre stopped subsidies, says SMEVSeven electric two-wheeler companies in India have collectively lost over Rs 9,000 crore ($1.2bn) in unpaid dues and market loss after thei...
- EV makers not misappropriating subsidies under FAME scheme, says SMEVThe government is probing 12 automakers, including Hero Electric and Okinawa Autotech, for alleged misappropriation of subsidies under the ...
- Export-focused Uniparts may suit investors with high risk appetiteWith the increasing share of the warehousing model, the company’s inventory days are elevated. In the previous three fiscal years, it had i...
- Auto sector disruptor PLI scheme to re-energise incumbents, charge up new playersSources indicated that large auto players such as Hyundai, Tata Motors, Maruti Suzuki have already started studying their production plan k...
- Foreign auto companies must have a plan for localisation, says industry bodyThe auto parts industry has urged the government to come up quickly with the production-linked incentive scheme (PLI) for electric and elec...
- Auto component makers ‘invite’ Tesla to make parts locallyDeepak Jain, president of the Automotive Component Manufacturers Association (ACMA), said with the government committing itself to a phased...
- In Sitharaman's stimulus 3.0, a plan to challenge China's manufacturing cloutThe current five-year PLI scheme has now been extended to ten more sectors to support domestic manufacturing and promote the country as an ...
- Cabinet gives in-principle nod to PLI in 10 sectors, sops worth Rs 1.4 lakh crore likelyET had last week reported that India would soon extend the PLI scheme to at least eight more sectors to support domestic manufacturing and ...
- India set to bring 8 more sectors under PLI schemeThose under discussion include battery manufacturing, auto components, network products, textiles, food processing, solar photovoltaic cell...
- Pricol acquires PMP Auto ComponentsThe transaction would be EPS accretive to the shareholders of Pricol and the profitability is expected to further improve upon integration ...
- Pricol to acquire PMP Auto ComponentsThe acquisition will give Pricol access to manufacturing locations in Europe and North America, where it does not have any footprint.
- Inbound M&A deals on I-T department's radar; total tax demand may exceed Rs 4,000 croreThe 40 Indian companies that got the tax demand include Credit Suisse, Godrej Properties, Kohinoor Infrastructure and Carat Media, accordin...
- After Piramyd sale, Piramals to focus on auto parts businessClose on the heels of the sale of Piramyd Retail, the Ashok Piramal group is planning a restructuring of its business.
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