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Read the Latest News and Updates on Auto Components. Get all the News about Auto components Industry.
The Indian auto-components industry has experienced healthy growth over the last few years. The auto-component industry of India has expanded by 10.6 per cent to reach at a level of US$ 56.2 billion in FY19. https://www.ibef.org/industry/autocomponents-india.aspx
$3 billion cash flows stuck on account of lockdown, auto parts companies urge vehicle makers to release timely payment - ET Auto
$3 billion cash flows stuck on account of lockdown, auto parts companies urge vehicle makers to release timely payment – ET Auto
More than 100 component makers have already made an advance payment to 100,000 blue-collared workers a fortnight before the scheduled date of payment.
Mumbai: 21 days lock down would choke fledgling Indian auto component industry with over a $3 billion or Rs 25000 crore of cash flows.
Having assured government that auto component makers will not retrench any work force including temporary…
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COVID-19 lockdown impact: Auto component industry takes a hit of Rs 1000-1200 crore each day - ET Auto
COVID-19 lockdown impact: Auto component industry takes a hit of Rs 1000-1200 crore each day – ET Auto
ACMA claims that over 1 lakh contractual employees have already been paid their salary for the month of March.
New Delhi: Due to 21-day nationwide lockdown in the wake of coronavirus outbreak, the domestic auto component industry is suffering a loss of around Rs 1,200 crore per day, the industry body Automotive Component Manufacturers’ Association (ACMA) said on Friday.
Given the…
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ETAuto Originals: Who owns the Indian Component Industry - ET Auto
ETAuto Originals: Who owns the Indian Component Industry – ET Auto
New Delhi: Even before India opened up its economy in 1991, a revolution in its automotive industry had triggered the dawn of economic growth in the country, according to economic historian J Bradford DeLong. He even argued that during this 1980s, growth in India’s gross domestic product was faster than in the following decade.
That was the time when the Indian automotive industry was getting on…
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Auto component industry to grow at 10-12% CAGR in long term, says Icra report
Auto component industry to grow at 10-12% CAGR in long term, says Icra report
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Mumbai: The auto component industry is likely to grow at 10-12 percent annually in the long term on rising rural income, higher disposable income and continued infrastructure activity, according to a report.
“We expect a long-term compounded annual growth rate (CAGR) of 10-12 percent for the industry (auto component). Operating margins for the industry are expected…
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