Acma

Showing of 1 - 20 from 25 results
Acma - Total results - 25
Govt seeks suggestions from auto industry leaders for resource mop-up; sector demands financial package
Business

Govt seeks suggestions from auto industry leaders for resource mop-up; sector demands financial package

The government of Thursday sought suggestions on methods of resource mobilisation from captains of the automobile industry, who raised several demands for a financial package to overcome the impact of the COVID-19-induced lockdown

Coronavirus Outbreak: Availability of components critical to restart manufacturing operations, say automakers
Business

Coronavirus Outbreak: Availability of components critical to restart manufacturing operations, say automakers

Major carmakers like Maruti Suzuki, Hyundai, Toyota and Honda have not yet resumed production at their factories stating that availability of components is a prerequisite to re-start operations at factories, which continue to remain inaccessible due to the nationwide lockdown

Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues
Business

Coronavirus Outbreak: Piyush Goyal hears out industry reps, says FinMin will take 'balanced, nuanced approach' to issues

Union Minister Piyush Goyal on Thursday told trade and industry representatives that all their issues and feedback are being forwarded to the finance ministry, which he says will take a "balanced and nuanced approach" to their problems in view of coronavirus situation

Budget 2020: Auto component industry body seeks uniform 18% GST; demands fund to support R&D, indigenous technology development
Business

Budget 2020: Auto component industry body seeks uniform 18% GST; demands fund to support R&D, indigenous technology development

The industry body also sought import duty exemption on auto component prototypes to encourage domestic R&D and testing.

Auto sector slowdown: Component maker Bosch likely to slash a few thousand jobs in India in next four years
Business

Auto sector slowdown: Component maker Bosch likely to slash a few thousand jobs in India in next four years

Bosch may retrench about 10% of its 3,700-strong workforce in the administrative and management segments while it could be more than 10% of the 6,300 workers in the manufacturing level.

Anand Mahindra says auto industry needs to switch to reporting retail and not wholesale volumes
Business

Anand Mahindra says auto industry needs to switch to reporting retail and not wholesale volumes

Anand Mahindra's tweet was a response to the auto firm's managing director Pawan Goenka's tweets on Sunday.

Auto sector slowdown: Anuragh Thakur heckled at ACMA event over fall in sales, says govt bids underway to save industry
Business

Auto sector slowdown: Anuragh Thakur heckled at ACMA event over fall in sales, says govt bids underway to save industry

Minister of State for Finance Anurag Thakur was heckled at an ACMA event on Friday after he asked auto industry players why sales had not picked up despite measures taken by government, RBI intervention and big discounts by manufacturers, to which a participant interjected and said it was because of the "demonetisation effect"

Maruti Suzuki asks auto component industry to produce electronics, key parts in India to cut imports
Business

Maruti Suzuki asks auto component industry to produce electronics, key parts in India to cut imports

The country's largest carmaker Maruti Suzuki India on Friday asked the components makers to start manufacturing vehicle electronics and certain key parts in India in order to cut imports of such articles

Auto sector slowdown: Components industry seeks uniform 18% GST on all parts
Business

Auto sector slowdown: Components industry seeks uniform 18% GST on all parts

Auto components industry on Friday sought uniform 18 percent GST in order to help companies with their working capital borrowings which could be used to invest in long-term assets

Auto sector crisis: April-July passenger vehicle output down 13.2% on Maruti, M&M production cuts
Business

Auto sector crisis: April-July passenger vehicle output down 13.2% on Maruti, M&M production cuts

Market leader Maruti Suzuki India's production during the period stood at 5,32,979 units, down 18.06% from the comparable period last fiscal.

Auto industry seeks stimulus package from govt as sector hit by unprecedented slump in sales
Business

Auto industry seeks stimulus package from govt as sector hit by unprecedented slump in sales

Auto industry leaders on Wednesday asked the government for a stimulus package, including GST reduction on vehicles, for the sector which has been hit by an unprecedented slump in sales

Economy shows signs of structural slowdown: Govt must work on urgent stimulus plan that Budget couldn’t deliver
Business

Economy shows signs of structural slowdown: Govt must work on urgent stimulus plan that Budget couldn’t deliver

There is no immediate respite seen for the economy till now. The signs of deeper trouble are flashing continuously indicating that the slowdown is turning structural in nature.

Slowdown in auto industry impacts component sector too; 15% job loss after turnover growth dips
Business

Slowdown in auto industry impacts component sector too; 15% job loss after turnover growth dips

The industry body, which represents the auto components industry that alone employs around 50 lakh people, also sought clarity on policy for electrification of vehicles.

Auto sector slowdown: Component makers are holding a mirror to the economy, reflection isn’t pretty
Business

Auto sector slowdown: Component makers are holding a mirror to the economy, reflection isn’t pretty

For eight months straight, auto sales have been slowing across products and verticals—both passenger and commercial

Auto component industry fears loss of 10 lakh jobs due to prolonged slowdown; seeks reduction in GST rate
Business

Auto component industry fears loss of 10 lakh jobs due to prolonged slowdown; seeks reduction in GST rate

Auto Component Manufacturers Association of India (ACMA) on Wednesday sought a reduction in GST rate to a uniform level of 18 percent for the entire automobile industry to stimulate demand and help save around 10 lakh jobs, which are at risk due to the prolonged slowdown in vehicle sales

Union Budget 2019: ACMA pitches for uniform GST rate of 18% on all auto components as part of measures to support sector
Business

Union Budget 2019: ACMA pitches for uniform GST rate of 18% on all auto components as part of measures to support sector

Automotive component industry body ACMA on Thursday asked the government to ensure a uniform GST rate of 18 percent on all auto components as part of measures to support the sector that is going through a downturn

Nitin Gadkari says govt not against diesel and petrol, but it wants to boost alternative fuels
Business

Nitin Gadkari says govt not against diesel and petrol, but it wants to boost alternative fuels

Nitin Gadkari, who had in 2017 threatened to "bulldoze" the auto industry to adopt electric vehicles, struck a conciliatory note and said the government was not against petrol and diesel fuels

Budget 2017: Auto component body seeks weighted deduction of 200% on R&D expenses to be restored
Business

Budget 2017: Auto component body seeks weighted deduction of 200% on R&D expenses to be restored

The Automotive Component Manufacturers Association (ACMA) also emphasised to keep auto components at 18 percent tax rate bracket in the upcoming GST

Automobile industry set to grow 4 times to Rs 20 lakh cr in next one decade: Gadkari
Business

Automobile industry set to grow 4 times to Rs 20 lakh cr in next one decade: Gadkari

Gadkrai urged automakers to go for research and innovation and not to compromise on quality

Auto component sector likely to grow 10-12% in FY17 on strong monsoon bet: ACMA
Business

Auto component sector likely to grow 10-12% in FY17 on strong monsoon bet: ACMA

In the last fiscal, the auto component industry's turnover grew by 8.8 percent to Rs 2.55 lakh crore as against Rs 2.34 lakh crore in 2014-15