Budget 2021's focus on economic revival to increase demand for automobiles

While voluntary vehicle scrapping policy, augmenting public transport system, etc were positives of the Budget 2021-22, some feel that increasing duties on auto components would increase production cost. Read more...

For the first time India’s auto component exports exceed imports

The industry clocks turnover of Rs 1.19 trillion ($ 15.9 billion) in the first half of 2020-21 (April-September 2020) registering a de-growth of 34%, as per the data released by Automotive Component Manufacturers Association of India (ACMA). Read more...

Reconsider Haryana’s rule of 75% reservation for locals in pvt sector: ACMA

The Automotive Component Manufacturers Association of India (ACMA) believes that such a move would not only adversely impact the ‘ease of doing business’ in the state, but also be detrimental to Haryana’s image of an industry friendly state and in attracting future investments. Read more...

Enable MSMEs to fight competition

The clamour for boycott of Chinese goods in India is growing due to the heightened tension at the Galwan border in Ladakh where 20 Indian soldiers were killed in action on the night of July 15. Read more...

Ramp up R&D to reduce auto component imports: Amitabh Kant

Niti Aayog CEO added that there is need for new synergies such as with IT industry in the areas of power electronics. India must look at using the first mover advantage for producing all components for electric vehicles, thus driving towards the path of being a future global leader. Read more...

Indian auto component industry de-grows 11.7% in FY 2019-20, clocks Rs 3.49 lakh crore

According to ACMA, sales to OEMs declined 17 per cent, imports by 11.4 per cent and exports by 3.2 per cent. On the other hand, auto component aftermarket at Rs 69,381 crore ($ 9.8 billion) remained stable. Industry cautiously optimistic as green shoots emerge Read more...

ACMA welcomes new MSME definition and infusion of liquidity

The new package is expected to give a big boost to the MSME sector, which has been under severe stress. Read more...

ACMA organises sixth MSME Summit for auto component makers

The topic of the summit was ‘An Enabling Environment for Global Leadership in Automotive Manufacturing’ Read more...

ACMA’s annual session mulls over the future of Indian auto component industry

The auto component association also released a study, conducted by McKinsey & Co, on the theme of “Auto component industry in India: Preparing for the future” on the occasion Read more...

ACMA appoints Ram Venkataramani as President

Deepak Jain, Managing Director, Lumax Industries Ltd, has been appointed as Vice President of Automotive Component Manufacturers Association of India (ACMA) for 2018-19 Read more...

Indian auto component industry reaches $51.2 bn in 2017-18, up 18.3%

ACMA demands uniform 18% GST rate across the auto component sector. While 60% of the auto components attract 18% rate currently, the rest (majority of which are two-wheelers and tractor components) are taxed at 28% Read more...

ACMA participated at the 16thAutomechanika Dubai 2018

Auto Component Manufacturers Association of India (ACMA), the apex body representing the interest of Indian auto component industry with the support of ‘Ministry of Commerce’ participated at Automechanika Dubai 2018 for the 5th straight edition Read more...

Nirmal K Minda appointed as president and Ram Venkataramani, as vice president for ACMA 2017-18

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry, announced the appointment of Nirmal K Minda, Vice President, ACMA, as the president of ACMA and Ram Venkataramani as the vice president, ACMA for the term 2017-18. Read more...