ACMA wish list for PM task force to tide over the corona crisis
“With cautious buying sentiment domestically and lockdowns in major export markets, component manufacturers’ working capital to convert to revenues is estimated to touch 90 days (from 56 days in 2019). This shall render manufacturers’ ability to purchase raw materials and utilities null," ACMA said.
SIAM, ACMA ask automakers, auto component manufacturers to shut their plants
The members of SIAM and ACMA both in original equipment manufact...
Over 200 Chinese exhibitors to participate in auto component show: ACMA
"This time the number of exhibitors has gone up by 25 per cent as com...
MoS Finance Anurag Thakur heckled at ACMA event
Thakur was seeking inputs from industry players on the reasons behind the slowdown.
By 2025 India will have 22 million obsolete vehicles. Where will they go to die?
The Indian auto and its component industry that manufactures a wide variety of products including engine parts, drive transmission and steering parts, body and chassis, equipment and electrical parts, etc, is considered to be the well-developed.
Keep auto components out of RCEP, prevent back door entry of China: ACMA
ACMA said despite no original equipment manufacturer from China present here imports of auto parts from the country stood at USD 4.6 billion in 2018-19.
Budget 2019: ACMA pitches for uniform 18% GST for all auto components
The apex body of the Indian auto component industry has pitched for increasing the rate of weighted deduction on R&D spend and called for a reduction of import duty on aluminium and steel.
BJP government's silence on job losses dangerous: Priyanka Gandhi
Priyanka Gandhi tagged the media report on Twitter which said auto parts industry is fearing that 1 million jobs could be at stake due to the slowdown.
ACMA seeks minimum import price levy on two-wheeler alloy wheels imported from China
In 2017-18, two-wheeler sales in the country stood at 2,01,92,672 units as against 1,75,89,738 units in 2016-17, up 14.8 per cent.
Auto component industry to grow in double digits this fiscal year
The domestic auto component industry grew by 8.8% to $ 39 billion in the last financial year, Imports grew at a faster pace by 9.3% to $13.8 billion.
ACMA delegation in Japan to explore new business opportunity
The delegation is led by Ramesh Suri, President, ACMA & Chairman, Subros Ltd. and comprises of CEOs from leading Auto Component Manufacturers.
Ramesh Suri elected as ACMA President
Automotive Component Manufacturers Association of India (ACMA) today announced the appointment of Ramesh Suri, Chairman, Global Autotech, as the President of ACMA for the term 2014-15. The announcement was made at the 54th Annual Session of ACMA during its Executive Committee meeting.
Difficult to have all-electric fleet by 2030: Rattan Kapur, ACMA president
Rattan Kapur, the outgoing president of ACMA, is unsure whether India would meet the target of switching over to a totally electric-powered vehicle fleet by 2030.
Auto component industry to touch $100 billion turnover by 2020: ACMA
The auto component industry in India is currently pegged at $35 billion, with over $10 billion coming from exports, he added.
CCI intervention to help evolution of Aftermarket, says ACMA
The apex body representing auto component manufacturers Automotive Component Manufacturers Association of India (ACMA) has said that the Competition Commission of India (CCI) intervention over trade practice of select OEM will help in evolution of Aftermarket in India.
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