The Union Budget 2021 attempts to offer the necessary “succour” to the automotive components industry. Ashish Bhatia takes you through the key budgeted allocations and brings out the expert opinions. The Union Budget 2021 was deemed as the “once in a century budget” even before it was made public. After a pandemic marred 2020, the ask was for bold reforms[Read More…]
ACMA, the apex body representing India’s auto component sector, expressed satisfaction on the measures announced in the Union Budget especially for the focus on health & well-being, infrastructure, inclusive growth, human Capital, Innovation & R&D and reforms in governance. Thanking the Union Finance Minister, Nirmala Sitharaman, Deepak Jain, President ACMA, said, “The vision of an Aatma-nirbhar Bharat enshrined in the Union Budget,[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…]
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…]
ACMA’s 60th Annual Convention focused on the renewed priority of shaping India as a global manufacturing hub. Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, today hosted its 60th Annual Convention under the theme “Auto Components Industry- Shaping the New Normal”. Amidst the impact of pandemic, the annual session centered[Read More…]
It is understood that import consignments from China are being subjected to one-hundred per cent manual inspection resulting in inordinate delays in clearance. Explaining the complexity of the automotive value chain and the need for permitting clearance of imports, Deepak Jain, President ACMA remarked, “The auto component industry in India is committed to the ‘Atma-nirbhar vision’ of our Hon’ble Prime[Read More…]
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…]
