The Automotive Tyre Manufacturers Association (ATMA), representing 95% of India’s tyre industry, convened its Annual Conclave in New Delhi on February 16, 2024. Anshuman Singhania, Chairman of ATMA India, outlined ambitious goals to increase tyre exports to over USD 5 billion by 2030, positioning India among the top three global tyre hubs. He noted the significant growth in Indian tyre[Read More…]
PRESS RELEASE Highlights MoU signed for greenfield expansion with an investment of INR 3000 million over 4 years New facility will expand the production footprint in Hosur for transmission components and systems Promote tangible economic and social benefits to the people of Tamil Nadu November 23, 2021, | Coimbatore Schaeffler India Limited, a leading industrial and automotive supplier, today signed[Read More…]
In the June 04, 2021 announcement, Reserve Bank of India (RBI) Governor Shaktikanta Das urged the people at large to not be overwhelmed by the current situation but resolve to collectively overcome it. The Governor informed of the repo rate left unchanged at four per cent and the reverse repo rate fixed at 3.35 per cent. The RBI projection for[Read More…]
The Government of India is bullish on exports. Piyush Goyal, Minister of Railways and Minister of Commerce and Industry expressed that the government is confident of realising the ambitious target of USD 400 billion merchandise shipments on the back of encouraging figures over April and May (period under consideration until May 07’ 2021). For instance, India’s exports in April jumped[Read More…]
