Auto Components

Auto crisis: India's vehicle production likely to shrink by 8.3% in 2020; coronavirus spread may hit supply chain, says Fitch

The agency said that it believes that the weak domestic demand for new vehicles will see India's vehicle production continue to contract in 2020.

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.

Govt makes localisation of auto components in e-vehicles mandatory for subsidy benefits, issues draft norms

In January this year, state-owned BHEL had announced that the firm would set up a network of solar-based e-vehicle chargers (SEVC) on the Delhi-Chandigarh highway.

US intents to terminate trade benefits for India under GSP: All you need to know about preferential trade agreement

United States President Donald Trump has notified Congress in a letter of his "intent to terminate" trade benefits for India and Turkey under the Generalised System of Preferences (GSP) eligibility criteria.

Auto components maker Minda Corp's board approves scheme to amalgamate five wholly-owned subsidiaries into parent company

The revenue of the merged entity will increase to around Rs 1,972 crore compared to standalone revenue of Rs 9,70.2 crore, based on FY18 results.

Concerned over rising trade deficit govt focusses on export strategy for China

In order to bridge this, the commerce ministry is formulating the strategy under which it has identified specific products including textiles, auto components, pharmaceuticals, buffalo meat, marine products, rice and other agri produces.

India auto component makers ink pact with Pakistani counterparts

ACMA and Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) have signed an MoU.

Auto-Piloting IT In The Auto Component Sector

Process automation has taken off the ground in the SME auto sector, where prospering business is the pay-off to fierce competition.