A significant business event in the international automotive industry trade calendar, ACMA Automechanika New Delhi is all set to go hybrid from 2021. Messe Frankfurt India together with Auto Component Manufacturers of India (ACMA) have announced that the 5th edition through its new dynamic digital model will allow automotive aftermarket players to take advantage of both physical interactions and virtual[Read More…]
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry today announced the findings of its Industry Performance Review for the first half of fiscal 2020-21. The turnover of the automotive component industry stood at Rs.1.19 lakh crore (USD 15.9 billion) for the period April 2020 to September 2020, registering a de-growth of 34[Read More…]
This is with reference to the submission by Bosch in compliance under Regulation 30 of the Securities and Exchange Board of India (SEBI) on December 08, 2020 where in the company had mentioned that “Imports of Bosch Ltd have been impacted with severe supply shortage for micro-processors (semiconductors), leading to reduced ability to deliver to the automotive market demand in[Read More…]
The fifth edition of the iAutoConnect 2020 – International Reverse Buyers Sellers Meet organised by ACMA, under the aegis of the Ministry of Commerce & Industry, Government of India, successfully concluded on December 01, 2020. Held on a virtual platform, the 7-day extravaganza helped the exhibitors to connect with overseas auto component distributors and buyers from several countries. Over 307 international[Read More…]
ACMA, under the aegis of the Ministry of Commerce & Industry, Government of India inaugurated the 5th edition of iAutoConnect 2020- International Reverse Buyers Sellers Meet. The event, organised on a virtual platform, will be a seven-day extravaganza, from November 25 until December 01 2020, connecting overseas auto component distributors and buyers with exhibitors from ACMA member companies. Vinnie Mehta,[Read More…]
The 60th ACMA Annual Convention was centred on shaping the new normal for the automotive component industry. Story by: Deepti Thore and Deven Lad The 60th ACMA Annual Convention was held virtually for the first time ever in its history. Held a day after the 60th edition of the SIAM Annual Convention, while it drew from the overlap of pain[Read More…]
“Deep localisation of supply chain in conjunction with government’s initiative for Aatmanirbhar Bharat will enable Indian aftermarket industry to emerge more resilient and strongly independent in the long run.” – writes Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd. With the Indian economy moving towards total unlock, the Indian automotive sector is strongly accelerating towards a[Read More…]
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, today has once again requested the Haryana State Government to reconsider reservation of employment for locals in private enterprises. The Haryana assembly, on November 05, 2020, had passed the ‘Haryana State Employment of Local Candidates Bill’ that mandates 75 percent reservation of factory and[Read More…]
The automotive industry is shifting gears – as it witnesses an uptick in vehicle consumption in Q2 FY 2020-21. With health and safety taking precedence, mobility needs and consumer sentiments have led to a rise in vehicle buying – and demand for private vehicle has picked up with green shoots emerging in the two-wheeler and small car segments. Major[Read More…]
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, today announced the re-appointment of Deepak Jain, Chairman & Managing Director, Lumax Industries Ltd. as its President and Sunjay Kapur, Chairman, Sona Comstar as the Vice President for the term 2020-21. The announcement was made at the 60th Annual General Meeting of the Industry body. Announcing[Read More…]
