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…]
Text: J Srikant Many are calling Defence and Aerospace the sunshine sectors when it comes to manufacturing and it is slowly taking wings in India too. Auto component industry, which has been one of the most prominent manufacturing sectors since liberalisation in the early 1990s, is looking to corner a piece of the pie. To give a glimpse into the[Read More…]
Releasing the joint ACMA-McKinsey study titled ‘Capturing the global opportunity – The next imperative for the Indian auto component industry’ by Anant Geete, Union Minister for Heavy Industries & Public Enterprises and the panel discussion on the subject were the highlights of the 54thAnnual Session & National Conference of ACMA, the apex body of the Auto Component Industry in[Read More…]
ACMA’s first Aerospace & Defence Summit stresses the need to review policy, develop infrastructure and promote collaboration With an objective to build local manufacturing capabilities and develop the Aerospace & Defence supply ecosystem in the country, the Automotive Component Manufacturers Association of India (ACMA) organised the first Aerospace and Defence Summit to understand and address the Opportunities & Challenges in[Read More…]
Text: J Srikant Industry will return to 4-6% growth after falling by 2.1% in FY2014 Trailing the revenue trajectory of the auto industry, the auto component industry too recorded its first revenue de-growth in over a decade, falling by 2.1% in the financial year 2013-14. Auto Component Manufacturers Association (ACMA) reported that the component industry has recorded a revenue of[Read More…]
J Srikant Trailing the revenue trajectory of the auto industry, the auto component industry too recorded its first revenue de-growth in over a decade, falling by 2.1% in the financial year 2013-14. Auto Component Manufacturers Association (ACMA) today reported that the component industry has recorded a revenue of Rs 2,11,700 crore in FY 2013-14 as compared to Rs 2,16,000[Read More…]
