The Automotive industry is pinning positive hopes from the Union Budget 2020 to be presented in the parliament on February 01, 2020, by Union Finance Minister Nirmala Sitharaman. Story by: Ashish Bhatia All eyes are on the Union Budget 2020. To be presented in the parliament on February 01, 2020, by Union Finance Minister Nirmala Sitharaman, it has positive[Read More…]
–ACI Initiative– The Automotive Component Manufacturers Association of India (ACMA) organized a delegation visit under its Young Business Leaders Forum (YBLF) to Padmini VNA Mechatronics on 24th January 2020. During the visit, Kabir Bhandari, Managing Director, Padmini attended the delegates of YBLF and make them a tour of Padmini VNA’s manufacturing plant. The purpose of this visit focused on summarizing[Read More…]
ACMA has unveiled a Mechatronics lab and another Design lab at its Centre of Excellence (ACoE) – Saksham, located in the IIT-Delhi campus in Sonipat. Set up with a total cost of Rs 4.5 crore, the Mechatronics lab is focused on imparting skills in the field of automation and Modular Production Systems (MPS) while the Design lab intends to enable[Read More…]
ACMA welcomed the measures given in the Union Budget providing the needed thrust to the economy and making it inclusive. The industry body expressed satisfaction on the focus on infrastructure development including roads and power, education, skilling, infrastructure development, ease of doing business and attracting investments. However, the area of concern for the industry is the reduction in the 200%[Read More…]
Text: J Srikant ACMA in association with Messe Frankfurt is all set to host the second edition of ACMA Automechanika in New Delhi in February. One of the biggest auto shows to happen in India, the expo will prove to be a tool to gauge the sentiment of Indian auto industry which is limping back from the longest slowdown which[Read More…]
Text: J Srikant Automotive Component Manufacturers Association (ACMA), the apex body representing the auto component industry, recently hosted the first ever reverse buyer-seller meet with African countries in which 7 African nations participated. This was supported by the Ministry of Commerce. While ACMA has taken Indian delegations to African nations earlier, this is the first time that African companies have[Read More…]
Story by T Murrali Five S, the concept listing five Japanese words – Seiri, Seiton, Seiso, Seketsu and Shitsuke, has been in vogue for many years in India with both vehicle makers and parts suppliers. However, its implementation depends upon the size of the organisation; their vision and mission. While a matured level of realisation can be seen in companies[Read More…]
Automotive Component Manufacturers Association of India, signed a memorandum of understanding (MoU) with National Automotive Council of Nigeria (NAC) which will facilitate free flow of information between the two countries and also help in tapping the opportunities arising on both sides. The MoU will come into force with immediate effect. According to ACMA, the MoU seeks to foster a spirit[Read More…]
The auto industry is upbeat about the road ahead, thanks to the emerging positive sentiments, pull from festive seasons and, last but not least, increasing proactive support from the government. There is a clear sense of involvement and commitment from the government and this is evident in more ways than one. At the Annual Convention of Automotive Components Manufacturers Association[Read More…]
Text : T Murrali Partners for Trade Agreements have to be chosen carefully considering the potential for mutual trade and economic co-operation. Economic factors should be the basis for any decision on Free Trade Agreements (FTA). Decisions based on factors other than business and economics would be inequitable, benefiting only one partner. The FTA partners should be complementary and not[Read More…]
