Capex for EV components to cross Rs. 25,000 crore in next 3-4 years: ICRA

Spurred by Government support in the form of subsidies, enhanced awareness, and increasing product launches, the electric vehicle (EV) segment in India has seen a significant upturn in prospects over the past two years. A confluence of factors such as improving product portfolio, charging infrastructure, and financing availability and a gradual decline in battery prices […]

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Automechanika Riyadh 2024 sold out with 280+ confirmed exhibitors

Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, will return to the Riyadh International Convention and Exhibition Center (RICEC) from 30 April to 2 May 2024. The exhibition’s most extensive edition to date will include a record number of exhibitors, with over 280 exhibitors confirmed and more than 8,000 visitors expected during […]

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58th ACMA Excellence Awards honor auto component manufacturers’ outstanding achievements

The Automotive Component Manufacturers Association of India (ACMA) organised the 58th edition of the ACMA Excellence Awards & 9th Technology Summit on March 05, 2024. This prestigious event celebrated the exceptional contributions and achievements of 59 distinguished auto component manufacturers, who were honored with a total of 112 awards across various categories. The ACMA Excellence Awards, a hallmark event in the automotive industry, recognized outstanding performance in manufacturing, sustainability, digitization, […]

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Sona Comstar becomes first supplier to receive Auto PLI certification

Sona BLW Precision Forgings Ltd. (Sona Comstar), a global provider of automotive technology solutions, has become the first automotive component manufacturer to receive certification under the Auto Production Linked Incentive (PLI) scheme. The company has filed seven applications for different products under the PLI scheme, and it has received the certification for its first product, […]

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Rane Madras opens new facility in Aguascalientes, Mexico for steering components

Rane (Madras) Limited, a leading manufacturer of steering and suspension products and light metal casting components, has expanded its global footprint with a greenfield facility for manufacturing steering and suspension components for passenger vehicle application through its wholly-owned subsidiary viz., Rane Automotive Components Mexico (RACM), in Aguascalientes, Mexico. The first business for this facility is […]

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India’s automotive aftermarket shines at ACMA Automechanika 2024, eyes $35 billion exports

Featuring 1500+ product categories across 10 segments, the event provided a comprehensive platform for automotive wholesalers, distributors, and traders The 5th edition of ACMA Automechanika 2024, held in collaboration with Messe Frankfurt and as part of Bharat Mobility Global Expo, concluded  on a high note, garnering a footfall of 35,000 business visitors. It was a conglomeration of the entire mobility ecosystem […]

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MAHLE India inaugurates new R&D facility for electrification in Coimbatore

MAHLE Electric Drives India (MEDI) has inaugurated a state-of-the-art Research and Development Testing Center at its manufacturing plant in Coimbatore/Tamil Nadu, India. The newly opened facility is poised to play a crucial role in MAHLE’s steadily growing footprint in e-mobility and a greener future in India by developing new products, technologies, and solutions for vehicle electrification, under […]

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Indian suppliers make impactful presence at Automechanika Dubai 2023

With over 120 companies, the India pavilion was the third largest at the event The Automotive Component Manufacturers Association (ACMA), the apex body of the Indian auto component industry, together with Engineering Exports Promotion Council of India (EEPC India) organised participation of its members at the 20th edition of Automechanika Dubai 2023 held from October 02 until […]

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