Big thrust on strengthening  EV ecosystem in Interim Budget 2024-25

Business leaders in the automotive space hailed the Interim Budget 2024-25 presented by Finance Minister Nirmala Sitharaman for its clear focus on strengthening the electric vehicle ecosystem at large.

Manav Kapur of Steelbird takes charge as Chairperson of ACMA-YBLF

Manav Kapur, Executive Director, Steelbird International, India’s leading automotive components company, has taken charge as chairperson of ACMA-YBLF.

Sona Comstar acquires 54pc stake in sensors, software company Novelic

Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, has signed an agreement to acquire a 54% equity stake in Novelic, a Serbia-based company found...

Indian Auto Component Industry grows 34.8pc in first-half of 2022-23

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s auto component manufacturing industry has announced the findings of its Industry Performance Review for the first ha...

Indian Auto Component Industry clocks highest-ever turnover of Rs. 4.2 lakh crore

The Indian automotive components industry has registered a turnover of Rs. 4.20 lakh crore (USD 56.5 billion) for the period April 2021 to March 2022, registering a growth of 23 per cent over the previous year.




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