Auto Components News - Latest Updates & Headlines
Auto components, FMCG, defence among 9 sectors set to benefit from festive demand
New Delhi, Sep 29: India's navratri economy is gaining momentum with strong festive tailwinds as e-commerce sales are projected at Rs 1.2 lakh crore -- with UPI volumes crossing 20 billion transactions in August, and MSME festive credit demand is set to rise 35–40 per cent to Rs 3.45 lakh crore, a report said on Monday.
Auto sector should be at core of India-EU FTA, with liberalised tariffs: EU Trade Commissioner
New Delhi, September 12: European Trade Commissioner Maros Sefcovic on Friday said that the automotive sector should be at the centre of India and the EU partnership, as he addressed the 65th Annual Session of the Automotive Components Manufacturers Association of India here in New Delhi.
Sona Comstar CEO urges government to engage China on rare earth magnet export controls
New Delhi, September 12: Vivek Vikram Singh, Managing Director and Group CEO of Sona Comstar, has urged the government to hold discussions with China to address the supply constraints around rare earth metals that are vital for the auto component industry.
McKinsey's Shivanshu Gupta: Indian auto component industry to benefit from global trade shifts
New Delhi, September 12: Shivanshu Gupta, Senior Partner at global management consulting firm McKinsey on Friday said he believes the disruption in global trade flow can come as a shot in the arm for Indian auto component makers - both on the ICE and EV front.
Automobiles and ancillaries get a big push through GST reforms
New Delhi, September 12: The major rationalisation of GST rates for the road transport and automobile sector provides tax relief for two-wheelers, cars, tractors, buses, commercial vehicles, besides auto components.
China supplied 26.6 pc of India's auto component imports in FY25: Govt
New Delhi, Aug 19: India imported auto components worth $7,174.73 million during the financial year 2024-25 (FY25), of which $1,912.82 million came from China, the Parliament was informed on Tuesday.
Indian auto component makers have huge export opportunities in markets of Brazil, Colombia, Poland, Africa: Report
New Delhi, August 11: Indian auto component manufacturers have a significant opportunity to expand their exports, particularly in the independent aftermarket segment, according to a report by EY-Parthenon.
Auto component exporters may lose edge if India-US trade deal is delayed: ICRA
New Delhi August 5: Indian auto component exporters are set to face a competitive disadvantage in the United States market following the imposition of a 25 per cent tariff on Indian goods by US President Donald Trump, says a recent report by rating agency ICRA.
Motherson Sumi Wiring's Q1 net profit falls 4 pc to Rs 143 crore
Mumbai, July 28: Noida-based auto components maker Motherson Sumi Wiring India Limited on Monday reported a 4 per cent decline in net profit year-on-year (YoY) in the first quarter (Q1) of FY26.
Sona Comstar shares continue to dip, is boardroom battle reason for decline?
New Delhi, July 25: Sona BLW Precision Forgings Limited (Sona Comstar) has seen its stock price dwindling over a period, declining by over 36 per cent from its 52-week high of Rs 768.65.
Indian auto component makers will benefit from duty reduction on imports under India-UK FTA: Sunil Mittal
London, July 25: The reduction in import duties on automobiles under the newly signed India-UK Free Trade Agreement (FTA) will ultimately benefit Indian auto component manufacturers according to Sunil Bharti Mittal, Chairman of Bharti Enterprises, who added that the UK component makers will shift manufacturing to India, attracted by lower production costs and a growing domestic market.
Duty reduction on auto imports under India-UK FTA will benefit Indian component makers: Sunil Mittal
London, July 25: The reduction in import duties on automobiles under the newly signed India-UK Free Trade Agreement (FTA) will ultimately benefit Indian auto component manufacturers, said Sunil Bharti Mittal, Chairman of Bharti Enterprises, adding that the UK component makers will shift manufacturing to India, attracted by lower production costs and a growing domestic market.
Sona Comstar forms JV in China, signaling deeper industry ties
New Delhi, July 21: India's leading auto components maker Sona BLW Precision Forgings (Sona Comstar) has signed a binding term sheet with Jinnaite Machinery Co (JNT) of China to establish a joint venture company in Beijing last week.
Sona Comstar appointed new Chairperson, Sunjay Kapur designated Chairman Emeritus
New Delhi, June 23: Auto component company Sona Comstar on Monday appointed Jeffrey Mark Overly as the new Chairperson, days after the untimely demise of Sunjay Kapur.
Sunjay Kapur tirelessly advocated for India's manufacturing, mobility sectors: Sona Comstar
New Delhi, June 13: Sunjay Kapur was a visionary leader who tirelessly advocated for India's manufacturing and mobility sectors, said Sona Comstar on Friday, following his death late on Thursday in London, UK.
EVs pose threat to manufacturers of engine components, but also open opportunities in advanced tech: Report
New Delhi, May 5: The ongoing transition to electric vehicles (EVs) is expected to reshape the auto component industry by increasing content per vehicle and creating new avenues for suppliers, according to a recent report by Ambit Capital.
Debt, liquidity of auto parts exporters to stay comfortable despite US tariff hikes: Report
New Delhi, April 28: Debt metrics and liquidity are likely to remain comfortable for most auto component exporters despite potential decline in margins and increase in working capital requirements in the wake of the US tariff hikes that have been announced by President Donald Trump, according to an ICRA report released on Monday.
Manufacturing base and cost advantages to make India a leader in global auto component market: NITI Aayog
New Delhi, April 20: India's manufacturing base and cost advantages will position the country suitably for potential market leadership in coming years, said NITI Aayog in its latest report.
Limited exports to US would shield revenue of Indian auto component makers: Crisil
New Delhi, April 1: The share of exports in India's automotive production stands at just 15 per cent, which means the exposure of domestic component manufacturers to the US is small at 4.2 per cent which would shield the revenue of component makers in the country, a Crisil Intelligence report said on Tuesday.
Income Tax Dept asks Bosch to pay up Rs 20 crore
New Delhi, March 31: Auto components manufacturer Bosch Limited said on Monday that it has received a tax demand notice of more than Rs 20 crore from the Income Tax Department for the assessment year (AY) 2022-2023.
Trump's 25% tariff on auto components import may divert orders to India: FIEO
New Delhi, March 27: US President Donald Trump's latest tariff move to impose 25 per cent tariffs on auto and auto component imports could potentially reshape the international automotive supply chain. The Federation of Indian Export Organisations (FIEO) sees this as a potential opportunity for India.
Trump's auto tariff has limited impact on India, it may even open doors for auto component industry
New Delhi, March 27: The recent decision by U.S. President Donald Trump to impose a 25 per cent tariff on fully built vehicles (CBUs) and auto parts is expected to have little impact on India's automobile industry, according to a statement by the Global Trade Research Initiative (GTRI).
Indian auto ancillaries are looking for new markets because of overhang of US tariffs: Report
New Delhi, March 25: The auto component industry in the country is facing export challenges due to the ongoing overhang of tariffs by the USA. In addition, currency depreciation has led to demand weakness in a few Middle Eastern countries and a major slowdown in the European region, says a report by DAM Capital Advisors.
Exports of auto components from India see robust growth in last 2-3 years
New Delhi, March 19: Showcasing India's growing role in the global supply chain, exports of auto components have shown robust growth in the past couple of years.
Electronic manufacturing a growth opportunity for Indian auto component makers: Jefferies
New Delhi, March 13: India's fast-growing electronics manufacturing sector is creating new opportunities for auto-component companies, allowing them to leverage their expertise in precision manufacturing and global technology partnerships, according to Jefferies.
India's auto component exports can hit $100 billion amid changing global trade dynamics
New Delhi, March 4: India's auto component industry can target $100 billion in exports, as global original equipment manufacturers (OEMs) reassess their supply chains and manufacturing strategies, presenting India with an optimal opportunity to establish itself as a top global destination, according to a report on Tuesday.
India auto component industry revenues to expand 8-10% in 2025-26: ICRA
New Delhi, February 20: Revenue in the Indian auto component industry is expected to expand by 8-10 per cent in the upcoming financial year 2025-26, according to rating agency ICRA.
Indian auto component industry's revenues to expand by 8-10 pc in FY26
New Delhi, Feb 20: The revenue growth of the Indian auto component industry is projected to expand by 8-10 per cent in FY26, according to a report on Thursday.
India auto component industry, with its small market share, may not face brunt of US reciprocal tariffs: Report
New Delhi, February 17: India's auto component industry is expected to face only a limited impact from the potential reciprocal tariffs proposed by US President Donald Trump on auto industry, according to a report by Nomura.