ACMA
US tariff relief unlikely for Indian auto parts makers despite Democrats’ Congress sweep
Indian auto component makers see little prospect of near-term relief from steep US tariffs despite Democrats gaining control of Congress. President Donald Trump can veto legislation seeking to challenge his trade policies, while overturning that veto requires a two-thirds majority in both chambers. Industry executives see progress in bilateral trade talks as key.
Inside the deal engine room: VCs and PEs make the case for ERP as a governance variable
At an NTT DATA Business Solutions Pvt. Ltd. India roundtable, a cohort of leading VCs and PE investors argued that the maturity of a company’s ERP and AI adoption, data quality and underlying processes is rapidly emerging as a priced governance variable in deals.
Tariffs, supply risks push Indian auto parts makers to build beyond China
Indian auto parts makers are expanding global manufacturing and engineering capabilities. This shift addresses automakers' needs for diversified sourcing strategies and supply chain flexibility. Companies are developing products in one location and manufacturing them across multiple sites. This strategy hedges against trade uncertainties and supply chain disruptions effectively. Indian suppliers are becoming strategic partners in the restructured global automotive supply chain.
Parts suppliers think global as auto majors focus on sourcing mix
The trend is accelerating across major tier-1 suppliers, including Suprajit Engineering, Highway Roop Precision Technologies, SPR Auto Technologies, and Tenneco, as OEMs prioritise supply chain flexibility over single-country dependence.
Maruti Suzuki to hike car prices by Rs 20,000 on selected models again; stock turns green
Maruti Suzuki will increase car prices by up to twenty thousand rupees this September. This follows a previous price adjustment of around thirty thousand rupees last month. The automaker cited sustained increases in input costs as the primary reason. Maruti Suzuki has made efforts to mitigate these rising costs through various measures. However, the company is now passing on a portion of these increased costs to customers.
Auto component suppliers sit on Rs 98,000 cr inventory, says report
Indian auto component firms hold significant inventory, potentially releasing billions through better management. Many MSMEs need to invest more in future growth capabilities. Existing plant capacity is underutilized due to operational inefficiencies. Unlocking cash and improving business economics will drive future supplier growth. This will enable continuous investment in capabilities for the evolving automotive value chain.
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Electronics to make up 50-55% of car cost by 2030, signalling major localisation opportunity: BCG-ACMA
Electronics will form over half of a car's cost by 2030. This presents a significant opportunity for Indian auto component makers. Vehicles are increasingly electronic, requiring new component capabilities. Indian suppliers can build expertise in sensors and control units. This shift offers substantial localization and growth potential for the industry.
'From Vishwaguru to visa-office receptionist': Oppn takes dig at Piyush Goyal over US envoy remark
Opposition leaders criticized Union minister Piyush Goyal following remarks by the US Ambassador. The envoy suggested reaching out to Goyal if he could not be contacted directly. Congress and TMC leaders called the situation shameful and a fall from grace. They questioned the state of the Indian economy and the minister's role. Piyush Goyal later responded to the light-hearted comments made by the envoy.
Auto exports remain mixed in August as West Asia crisis disrupts shipments: Report
India's auto exports showed mixed trends in August 2026, impacted by regional logistical disruptions. Domestic demand remained robust across most vehicle segments, driving overall retail volumes higher. Passenger vehicle wholesale volumes saw significant year-on-year growth, supported by strong retail demand. Two-wheeler sales also recorded substantial growth, with electric variants surging significantly. Commercial vehicle dispatches and farm equipment sales experienced double-digit and single-digit growth respectively.
India’s auto parts makers face a new race: Localise, innovate, lead
Indian auto leaders and ministers emphasized deepening localization for global supply chain strength. They stressed owning more value chain components amid geopolitical uncertainties and resource crunches. Accelerating technological capabilities in semiconductors and batteries is now essential for independence. The industry must scale up design, development, manufacturing, and export of components from India. Policy measures and incentives are supporting this growth in volumes and know-how.
Goyal calls for resilient supply chains, while Gor stresses fair and reciprocal India-US trade
In a strategic move, India is ramping up its partnerships on critical minerals with countries including the UK and the EU. Trade agreements are under negotiation to secure vital mineral resources. The nation is also enhancing its relationship with the US via initiatives centered on critical minerals. Additionally, the government is working to simplify regulations for high-tech manufacturing, which is expected to reinforce supply chains and elevate domestic production capabilities.
India in talks with multiple countries to develop critical minerals for domestic needs: Piyush Goyal
India is actively seeking partnerships with nations like the US for critical mineral development. The country is also engaged in dialogues to build more resilient global supply chains. India's economy continues its strong growth trajectory, remaining the fastest among major economies. Nine trade agreements have secured access to markets with a combined GDP of sixty trillion dollars. These agreements facilitate zero-duty trade, enhancing Indian exporters' global competitiveness.
Govt mulls BIS exemption for high-tech companies setting up plants in India
The government has announced new exemptions for high-tech companies, allowing them to bypass BIS certification to streamline the setup of manufacturing units in India. Concerns were raised by Japanese semiconductor companies over certification hurdles for components. This strategy is designed to ensure rapid availability of equipment, supporting the overarching goals of the Make in India initiative.
Hyundai Motor India targets No. 2 spot with new SUVs, higher production capacity
Hyundai Motor India plans to launch two new SUVs, including an electric model, to boost sales. The company is increasing production capacity to support future growth and regain its market position. Hyundai expects to outperform industry growth in the latter half of the fiscal year. The new electric vehicle will help increase the company's EV penetration to industry levels. Hyundai is confident in maintaining sales momentum, especially in rural markets.
US-India partnership can help reshape global auto supply chains, says Sergio Gor
The United States views India as a vital partner for global automotive supply chains. This relationship now extends beyond component trade to technology and investment. Both nations are co-designing the future of mobility together, enhancing sophistication. American and Indian industries will adapt and diversify sourcing during disruptions. India's capital and American manufacturing foster shared prosperity and global expansion.
India's auto component industry targets $200 bln turnover by FY30 amid rising risks: BCG-ACMA
India's auto component sector aims for $200 billion turnover by FY30. Achieving this goal requires greater resilience against rising costs and shortages. The industry has seen significant growth over the past decade despite disruptions. Strong domestic demand and increasing exports will support future expansion. Companies must focus on capability building and technological advancements for sustained growth.
India needs to build advanced tech capabilities, reduce import dependence: Hyundai CEO Tarun Garg
Hyundai Motor India MD and CEO Tarun Garg urged India to develop advanced technology capabilities. He stated the nation must move beyond manufacturing scale and reduce import dependence. India's automotive industry has shown resilience and needs to focus on global leadership. The focus should shift from "Make in India" to "Design and Engineer in India". This will help build domestic technology and intellectual property for future growth.
Auto industry must turn disruption into strength, says Maruti Suzuki CEO
The auto sector must become stronger due to disruption in the next decade. Deep localization, people development, collective learning, and technology are key enablers. Companies should view workforce development as an investment, not a cost. Digital tools help anticipate and manage supply chain bottlenecks effectively. Cybersecurity and contingency plans are crucial for operational recovery.
Auto sector must focus on building global leadership with scale: Industry leaders
Indian auto leaders urge a shift from resilience to global competitiveness and technology leadership. The sector aims to become a leading automotive manufacturing and mobility hub worldwide. India's automotive industry seeks to establish 'Made in India' as a symbol of quality. The focus is now on designing, developing, and exporting from India. This strategy aims to integrate India into global value chains effectively.
Auto PLI scheme draws Rs 45,477 crore investment, creates 67,000 jobs: Union Minister HD Kumaraswamy
The auto PLI scheme has attracted Rs 45,477 crore investment and created over 67,000 jobs. Government enhanced electric two-wheeler scheme outlay by Rs 1,000 crore to Rs 11,900 crore. Over 25 lakh electric two-wheelers and other vehicles have already received support. The industry crossed Rs 7.6 lakh crore in FY26 with exports reaching USD 24 billion. India aims to lead global mobility transition through innovation and advanced technologies.
Maruti Suzuki CEO flags global supply risks, calls for deeper localisation across automotive supply chain
Maruti Suzuki's MD urged deeper localisation for India's manufacturing growth. Global supply chains are reconfiguring, creating opportunities for India's reliable production. Government policies and domestic market scale support this strategic localisation effort. Indian products must match global quality standards, requiring supplier ecosystem strengthening. The industry must build flexibility and use technology for future resilience.
Auto industry must focus on design, domestic value addition for e-mobility transition: H D Kumaraswamy
Union Minister H D Kumaraswamy urged the automotive industry to prioritize design and domestic value addition. He emphasized that India's electric mobility success extends beyond sales numbers. The minister called for bolder investments in cleaner and emerging technologies for global competitiveness. Government schemes are actively supporting domestic manufacturing and cleaner mobility transitions. India aims to lead the global mobility transition by 2047.
ACMA banks on govt to work out best tariff deal with US for auto components sector
India's auto components sector hopes for a favorable trade deal with the United States. The US is investigating Indian imports over labor and subsidy concerns. ACMA asserts that Indian labor laws are robust and child labor is absent. The industry body also refutes claims of receiving government subsidies for excess capacity. Despite current tariffs, Indian auto component exports to the US have remained consistent.
Auto component industry turnover up 10 pc at Rs 6.14 lakh crore in FY24: ACMA
The Automotive Component Manufacturers Association of India (ACMA) reported a 9.8 per cent increase in the automotive component industry's turnover to Rs 6.14 lakh crore in the fiscal year ending March 31, 2024. Domestic supply to OEMs grew by 8.9 per cent, exports rose by 5.5 per cent, and a trade surplus is at $300 million. Despite challenges, the industry remains optimistic about steady growth in FY25, buoyed by favorable macro-economic conditions.
Union Budget 2024: Incentivise capex, rationalise GST rates on EVs, components make part of ACMA's Budget wishlist
Auto components industry body ACMA has proposed measures to boost the auto component sector, including incentivizing capex expenditure, increasing depreciation rates on plant and machinery, and rationalising GST rates on EVs and their components. The recommendations were submitted to the Ministry of Finance and the Ministry of Heavy Industries.
Toyota joins hands with ACMA to share best practices with auto component firms
Toyota Learning and Development India (TLDI) will share its best practices like people development and lean management principles with the industry members of ACMA. The training programs will be conducted either at the TKM manufacturing plant or at the premises of the ACMA member companies.
Working closely with SIAM to enhance localisation in auto component sector: ACMA
Speaking at the inaugural session of the two-day industry event ACMA Automechanika, ACMA President Deepak Jain noted that the initiative would also help the industry to reduce imports of sub-standard components.
Uptick in passenger vehicle sales to raise aftermarket demand: Auto part makers' body
ACMA also announced that the 5th edition of its four-day international trade fair for the aftermarket and service industry, "Automechanika" will now be held at New Delhi's Pragati Maidan from April 22 next year in association with Messe Frankfurt India.
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