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Auto Component Sector Latest Videos

Auto Component Sector Latest News

  • According to ACMA, enhanced raw material prices and consumption of increased value-added components along with shift in market preference towards larger and more-powerful vehicles contributed to the increased turnover of the auto-components sector.
    Indian Auto Component Industry Records 23 Per Cent Growth In FY 2021-22; Clocks Highest Ever Turnover
  • The overall turnover of the automotive component industry stood at Rs. 1.19 lakh crore for the period April 2020 to September 2020 which is a registering a decline of 34 per cent over the first half of the previous year.
    Indian Auto Components Sector Registers Revenue Decline Of 34 Per Cent In H1 2020-21
  • The industry is now targeting to reduce its dependency on imports by almost half and increase exports levels in a bid to strengthen its position in the global picture.
    India Aims To Reduce Component Imports And Promote Exports To Become Self-Reliant
  • The Indian auto component sector is likely to see massive job cuts if the sector continues to face business difficulties because of the reduced demand owing to coronavirus pandemic. According to PTI, the Automotive Component Manufacturers Association of India (ACMA) stated that the sector could witness huge job losses due to lack of demand caused by the pandemic. The industry body also mentioned that the auto component manufacturers would be forced to cut down the workforce in a bid to survive with muted demands and excess capacities in place. Moreover, SIAM has already predicted an annual downturn of 35 to 40 per cent because of the COVID-19 crisis.
    Auto Component Sector Likely To See Job Cuts If There's Weak Demand: ACMA

Reviews

  • Hyundai will be launching the updated version of the i20 as well. We've caught the facelifted i20 testing for a while now and the price of the car will be announced at the Auto Expo 2018.
    Auto Expo 2018: Hyundai To Launch i20 Facelift
  • CarPlay by Apple has already made its debut in the Volvo XC90 and we were wondering about Android Auto. Well, it's here too. Hyundai announced that the 2015 Sonata will be the first production car to come equipped with Android Auto.
    2015 Hyundai Sonata is the First Car to be Equipped With Android Auto
  • The most significant debut at New York is undoubtedly the Jaguar XF. The second-generation sedan is shorter and in height and length over the previous car, and yet has an enhanced wheelbase and greater cabin room.
    Top Picks From 2015 New York Auto Show
  • Skoda Auto India has undertaken an exercise to give similar appearance to all outlets of its dealers across the country, a top official said. The company sells mid-size sedan Rapid, premium sedan Octavia, luxury sedan Superb and premium SUV Yeti in the Indian market. It has 76 dealers across the country.
    Skoda Auto to Revamp Dealer Outlets Throughout India
  • While its rivals have already introduced the entry level luxury sedan in India, BMW is getting ready to field its car - the 1-series sedan. The car was spotted doing the rounds of the Nurburgring.
    BMW 1-Series Sedan to be Showcased at the 2016 Delhi Auto Expo?