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Automotive Component Manufacturers Association said the slowdown has also resulted in an investment loss of up to USD 2 billion dollars during the period.

Auto component industry turnover dips 10 per cent in Apr-Sep

This led to a job loss of around 1 lakh temporary workers till July this year, industry body ACMA said.

6 Dec 2019 10:38 AM GMT

Anti-dumping duty has also been imposed by the Government on flat base steel wheels.

ACMA seeks minimum import price levy on two-wheeler alloy wheels...

MIP is a temporary measure to provide protection to domestic farmers and industry from predatory pricing of imports.

24 Feb 2019 6:22 AM GMT

The power ministry has categorised charging batteries of electric vehicles as a service, a move which will help such stations operate without licence and encourage the use of e-vehicles.

Auto component industry seeks stable road map for EV transition

Govt should adopt a pragmatic approach to create a stable and long-term road map for a transition to EVs, said industry...

11 Jun 2019 1:07 PM GMT

Between 2000 and 2016, British FDI created 371,000 jobs 10 per cent of all jobs created by FDI.

Auto component industry fears loss of 10 lakh jobs due to prolonged...

Vehicle sales in all segments have continued to plummet for the last several months.

24 July 2019 9:50 AM GMT

Domestic car sales also ticked up to 1,72,623 units as against 1,64,559 in February last year, up 4.9 per cent.

Auto industry seeks stimulus package from government

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

7 Aug 2019 11:39 AM GMT

Auto players should take up GST rate cut demand with state FMs: MoS...

Automobile and component manufacturers have been seeking GST cut on automobiles to 18 per cent from 28 per cent

6 Sep 2019 9:39 AM GMT

Auto component industry on Monday sought uniform 18 per cent GST across the sector stating that low taxation would lead to better compliance and larger tax base.

ACMA seeks uniform 18 per cent GST on all components

The auto components industry currently employs 50 lakh people and contributes 2.3 per cent to India's GDP.

6 Sep 2019 7:22 AM GMT

Delhi: The government of Thursday sought suggestions on methods of resource mobilisation from captains of the automobile industry. (PTI Photo)

Government seeks suggestions from auto industry leaders for resource...

The industry captains also sought liquidity support to component makers and dealerships

1 May 2020 10:40 AM GMT

Auto component sector may see huge job losses if the automotive sector continues to face headwinds due to lack of demand amid coronavirus. (AFP Photo)

Huge job losses imminent in automotive sector if demand remains weak:...

ACMA President Deepak Jain said that auto industry body SIAM has already predicted an annual downturn of 35-40% due to...

7 Jun 2020 9:15 AM GMT