– By Saket Mehra (Partner and Auto & EV Industry Leader, Grant Thornton Bharat ) The Union Budget 2024 has introduced several measures that are set to have a significant impact on the automotive and electric vehicle (EV) industry in India. Aligned with the government’s strategic priorities, the budget focuses on enhancing manufacturing capabilities, supporting […]
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The Prime Minister, Shri Narendra Modi addressed a program at India’s largest and first-of-its-kind mobility exhibition – Bharat Mobility Global Expo 2024 at Bharat Mandapam, New Delhi today. He also took a walkthrough of the Expo. Bharat Mobility Global Expo 2024 showcases India’s capabilities across mobility and automotive value chains and will feature exhibitions, conferences, […]
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Vikrampati Singhania is new Vice President for the 2023-25 term The Automotive Component Manufacturers’ Association of India (ACMA) is poised for a transformative journey as it welcomes new leaders to guide the industry into the future. In an announcement that holds significant promise for the Indian auto component sector, ACMA introduces Shradha Suri Marwah as […]
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Widely recognized and celebrated as the leading platform to facilitate the convergence of hundreds of 2nd and 3rd generation entrepreneurs of the rapidly growing automotive component industry, the ACMA-Young Business Leaders’ Forum (YBLF) was established under the aegis of the Automotive Component Manufacturers Association of India (ACMA), the nodal industry body. Leading the way in […]
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Society of Manufacturers of Electric Vehicles (SMEV), an industry body representing the Indian electric vehicle industry, releases its yearly report summarizing the performance of the EV market fiscal year 2022-23 (Apr-Mar). The industry registered sales of 1152021 Electric Vehicles, which include E-Buses, E-Cars, E-Three-wheelers, and E-two-wheelers in FY 2023. As per the data sourced […]
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Electric Vehicles (EVs) are fast emerging as the vehicle of choice across multiple applications, and the organized last-mile delivery space is likely to dominate 25% of sales by 2025, according to a report titled ‘Electric Vehicles: Future of Last-Mile Deliveries in India’, published by the Boston Consulting Group (BCG). The growing popularity of EVs in […]
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