Uno Minda shares soar 19% to hit record high on deal with Chinese firm
Uno Minda partners with China's Suzhou lnovance Automotive Co to manufacture high voltage electric vehicle products for passenger and commercial vehicles in India
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Ramkrishna Forgings wins deal to supply auto components to Tesla
Ramkrishna Forgings expects the EV segment to contribute 6% to the company's consolidated revenue
Auto component industry grows 12.6% to ₹2.98 lakh cr in first half of FY24
Exports of auto components grew 2.7% to $10.4 billion (₹85,870 crore) in H1 FY24 from $10.1 billion (₹79,033 crore) in H1 FY23.
India's auto component industry's great chance to be factory to the world
India is the third largest automotive market and is expected to lead the rebound in passenger vehicle sales.
ACMA watchful of recession fears in Europe; Covid lessons handy if cases spike
The automotive component industry grew by 34.8% in the first half of this fiscal, after it recorded its highest-ever turnover last fiscal.
Maruti, Hero, Tata, others invest ₹74,850 cr in PLI scheme for auto sector
95 companies have been chosen for the scheme – 75 for the components part, while the ministry had already approved 20 manufacturers for the vehicles part.
Auto dealers expect sales uptick in festive season
FADA president sees the slowdown in the auto industry as a temporary blip, and believes that with the joint effort of automakers and OEMs, the sector has the potential to revive.
‘June quarter revenue growth to be slowest in 2 years’
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
Auto industry seeks GST cuts from Budget 2019-20
The industry, which is facing headwinds such as rising fuel prices, muted consumer sentiment, and the transition to BS VI emission norms, expects the cut to provide some relief.
Motherson Sumi: The secret
Samvardhana Motherson group’s Vivek Chaand Sehgal has diversified and built a risk-free business model through its 21 acquisitions. This is how he did it.
