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Latest Articles in auto component industry

Cabinet Approves ₹ 26,058 Crore Production Linked Incentive (PLI) Scheme For Auto And Drone Industry

PLI Scheme for auto sector will bring fresh investments of over₹42,500 crore in five years and incremental production of over ₹ 2.3 lakh crore

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Auto Component Suppliers To See 70 % Dip In Operating Profits In Q1 Due To COVID Restrictions: Icra

Industry volumes are expected to remain muted in June 2021 as well, with many OEMs and suppliers currently operating in single shifts

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The Future Lies In Building A Strong Manufacturing Base And Creating An Auto Component Hub In India - Sunjay Kapur, Chairman, Sona Comstar

In a conversation with BWBusinessworld, Mr. Kapur talks about Opportunities with companies shifting base from China to India, GOI's Make-in-India 2.0, and Atma Nirbhar Bharat Plans, Electric Vehicles and the Auto Components Sector. Excerpts -

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Rebuilding And Restoring The Auto Components Sector

Even before the COVID-19 crisis, the auto sector was already facing a myriad of challenges which were aggravated by this pandemic.

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Auto Component Industry Turnover Dips 10% In Apr-Sep

This led to a job loss of around 1 lakh temporary workers till July this year, industry body ACMA said.

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Auto Components Industry To Record Higher Growth Of 13-15% For FY18: ICRA

Earlier, ICRA had estimated the growth of Indian auto component industry to be somewhere around 9-11 per cent

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‘Growth levers for auto component industry intact, but commodity prices continue to play spoilsport’

According to an ICRA report, long-term growth will be around 10-12 per cent, considering the increasing content per vehicle due to technological advancement and regulatory measures (emission, safety regulations)

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