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Ahmad Shariq Khan & Aamir H Kaki Even if the market has shrunk by few percentage points in the last few years, India’s scope of global auto components trade in various emerging and new markets remains extremely large, feels Vinnie Mehta, Director General, Automotive Component Manufacturers Association of India (ACMA). He further said that global opportunities at the moment are vast and global exports market for auto components stood at $1.3 trillion while India’s exports are currently around $11 billion. After five years of growth, India’s exports of automobile components dropped 3.7 percent to $10.8 billion in the fiscal of 2015-16, against the $11.2 billion in the previous fiscal, when exports grew at 10 percent. However, Mehta said that the traditional benefits of lower costs and skilled engineering ...

India is currently the seventh largest producer in the world with an average annual production of 23.36 million vehicles, of which 3.57 million are exported Ahmad Shariq Khan and Jasleen Kaur | The Dollar Business Along with the main expo in Greater Noida, the Auto Components show was also held in New Delhis Pragati Maidan from February 4-7, showcasing cutting-edge technologies and tools from the sector.   The Auto Expo 2016, which concluded on Tuesday, displayed Indias potential to become the hub of manufacturing and innovation in the automobile sector with makers from 20 countries sashaying an array of models on wheels, attracting huge number of buyers and prospective business partners. The biennial extravaganza, organized by the Automotive Component Manufacturers Association (ACMA), Confederation of ...

 Vanita Peter D’souza | The Dollar Business While all the hush bush of NDA government’s ‘Make in India’ and Union Budget is almost coming to an end, the automobile sector looks still puzzled. On one side where petrol has become expensive post budget, automobile sector is still waiting for Finance Ministry decision on restoration of lower excise duty. Expensive petrol and higher excise duty is likely to hit the industry. The domestic automobile component industry is now eyeing on the implementation of GST which would give some relief to the automobile sector. “Now, only GST can help us. Government should implement it as soon as they can,” said a Rajkot based auto component manufacturer. Vinnie Mehta, Director General, Automotive ...

Sai Nikesh | The Dollar Business The Government of India’s Make in India policy seems to have appeared as a boon to the Auto component Industry of India. This is evident in the ongoing demand that the industry is witnessing in its international market and in the light of Indian government’s pitch all-over for the development of domestic markets. As per latest reports, the domestic auto component making companies are set to mark their presence among the top 100 global lists. According to latest reports, the international revenues of the component makers grew from $6.4 billion in FY09 to $16.2 billion in FY14, registering a growth rate of 24% per annum. The exports doubled to $10.2 billion from $5.1 ...