Goyal asks auto-component sector to achieve $100 billion export target by 2030
6 months, 1 week ago

Goyal asks auto-component sector to achieve $100 billion export target by 2030

The Hindu  

Union Minister for Commerce & Industry, Piyush Goyal on Monday asked the Indian auto component manufacturing sector to achieve an exports target of $100 billion by 2030 so that sector could be one of the largest job creators in the country. Stating that the Indian auto sector would soon become the world leader from currently being the third largest in the world, Mr. Goyal said industry leaders must set a roadmap to achieve the target. Emphasising that India’s auto sector is well poised to attract investment from abroad and the industry can explore investment from EFTA countries, he said India should be ready to capture the opportunities in new-age technologies like Electric Vehicles and its related ecosystem along with other upcoming opportunities like bicycle manufacturing. Praising ACMA for its participative and proactive approach in Free Trade Agreement negotiations he said hosting world class mega-exhibitions like Bharat Mobility was a testimony of India’s success in showcasing the entire value chain on one platform before the world.

India Industry Auto Sector Goyal 100 Billion  urged  achieve  world  autocomponent  2030  goyal  sector  industry  asks  target  indias  mobility  auto  opportunities  export  minister  100  billion

History of this topic

India's Auto Comp Industry on Track for Unprecedented Growth
2 weeks, 4 days ago

India's Auto Comp Industry on Track for Unprecedented Growth

Deccan Chronicle  

New Delhi: India's auto component industry is on the verge of a significant breakthrough, targeting $100 Bn in exports, according to the latest report by Boston Consulting Group, titled "Revving Up Exports: The Next Phase of Export Growth for the Auto Component Industry". Encouraging 2-3 global OEMs to establish manufacturing bases in India can serve as an anchor – helping …

PM Modi at post-Budget webinar on MSME: Industry should take big steps in manufacturing, take advantage of opportunities available
Trending News
2 weeks, 4 days ago

PM Modi at post-Budget webinar on MSME: Industry should take big steps in manufacturing, take advantage of opportunities available

The Hindu  

Prime Minister Narendra Modi on Tuesday asked the industry not to be a “mere spectator” and take advantage of the opportunities available in the global supply chain. Highlighting India’s role as a growth engine for the global economy, Mr. Modi urged industries to innovate and integrate into global supply chains. I urge you to take big steps to advance the …

Our aim is to reach ₹50,000 crore in defence exports by 2029, says Rajnath
3 weeks, 5 days ago

Our aim is to reach ₹50,000 crore in defence exports by 2029, says Rajnath

The Hindu  

The Union Defence Minister Rajnath Singh on Monday said India had achieved 88% self-sufficiency in ammunition production, and defence exports had reached about ₹23,000 crore in 2023-24. “Our goal is to reach ₹50,000 crore in defence exports by 2029,” Mr. Singh said. He called on IIT Mandi’s students to contribute to this vision by focusing on technological solutions that would …

Indian auto ancillary industry to witness slower growth in FY25 and FY26: ICRA
Trending News
1 month ago

Indian auto ancillary industry to witness slower growth in FY25 and FY26: ICRA

Live Mint  

Domestic rating agency firm ICRA expects the revenue growth of the Indian auto component industry to ease to 7-9% in FY2025 and 8-10% in FY2026, from the highs of 14% in FY2024. ICRA estimates the auto component industry to incur a capex of ₹25,000-30,000 crore in FY2026 towards capacity expansion, localisation/capability development, and technological advancement, among others. ICRA expects auto …

Auto component firms to invest Rs 30K cr in FY26
1 month ago

Auto component firms to invest Rs 30K cr in FY26

Deccan Chronicle  

PUNE: The auto component industry is likely to spend Rs 25,000 - Rs 30,000 crore for capacity expansion and localization, including electric vehicle parts in FY2026, said rating agency ICRA on Thursday. The rating agency said it expects the revenue growth of the Indian auto component industry to ease to 7-9 per cent in the ongoing fiscal and 8-10 per …

Major auto component firms likely to invest up to ₹30K cr next fiscal: ICRA
Top News
1 month ago

Major auto component firms likely to invest up to ₹30K cr next fiscal: ICRA

Live Mint  

New Delhi, Feb 20 Major auto component firms are likely to invest ₹25,000-30,000 crore in the next fiscal for capacity expansion and localisation, including electric vehicle parts, ratings firm ICRA said on Thursday. "ICRA's interaction with large auto component suppliers indicates that the industry is estimated to spend ₹15,000-20,000 crore in FY2025 and another ₹25,000-30,000 crore in FY2026," Vinutaa S, …

India Drug, Auto Exporters See Limited Impact of US Tariffs
1 month ago

India Drug, Auto Exporters See Limited Impact of US Tariffs

Live Mint  

-- Indian exporters don’t anticipate a major hit from US President Donald Trump’s latest threat to impose higher tariffs on automobile and pharmaceutical imports. Generic drugs from the South Asian nation are unlikely to be negatively impacted by higher levies and “any hike in tariffs would affect competitors similarly,” said Raja Bhanu, director general of the Pharmaceuticals Export Promotion Council …

PM envisions Rs 9L-cr textile exports by 2030
1 month ago

PM envisions Rs 9L-cr textile exports by 2030

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi expressed optimism on Sunday that India's textile sector will achieve an annual export target of Rs 9 lakh crore ahead of the 2030 deadline. Speaking at Bharat Tex 2025, a mega global textile event showcasing India's cultural diversity through traditional garments, Modi said, “We are currently ranked as the 6th largest exporter of textiles …

Centre pushes for roadmap on domestic aerospace manufacturing
1 month, 2 weeks ago

Centre pushes for roadmap on domestic aerospace manufacturing

The Hindu  

The Centre is planning a “national roadmap” to grow Indian manufacturing of aerospace components and has sought industry suggestions for a 10-year and 20-year plans. The meeting was chaired by Minister for Civil Aviation Ram Mohan Naidu, and included Secretary, Ministry of Civil Aviation, V. Vualnam alongside stakeholders from Confederation of Indian Industries, Federation of Indian Chambers and Commerce Industry, …

Budget puts focus back on manufacturing sector
Trending News
1 month, 2 weeks ago

Budget puts focus back on manufacturing sector

New Indian Express  

NEW DELHI: In its effort to strengthen India’s manufacturing sector and achieve self-reliance, the Budget 2025-26 has come up with a series of measures to boost local manufacturing. At the heart of the budget lies the National Manufacturing Mission, a program designed to give a fresh push to industries of all sizes—small, medium, and large. “The continued impetus to the …

Budget 2025: More reforms, private investments must for India to become $30 tn economy
1 month, 2 weeks ago

Budget 2025: More reforms, private investments must for India to become $30 tn economy

Live Mint  

India is charting an ambitious course toward its vision of a $30-trillion economy by 2047. Over the past decade, the government has launched strategic initiatives such as Make in India, production-linked incentives, and large-scale infrastructure expansion to propel the manufacturing ecosystem. Dedicated measures have been announced for sectors such as toys, footwear and leather with high job-creation potential aiming to …

Budget will bolster manufacturing sector: Industrialist Arjun Ranga
1 month, 3 weeks ago

Budget will bolster manufacturing sector: Industrialist Arjun Ranga

The Hindu  

The Union Budget 2025-26 would bolster India’s manufacturing sector and foster self-reliance, Industrialist Arjun Ranga, Managing Director, Cycle Pure Agarbathi, and CEO of N. Ranga Rao and Sons Pvt. “By offering policy support and executing roadmaps for small, medium, and large industries, the government is paving the way for a more robust manufacturing ecosystem,” said Mr. Arjun Ranga. 16,092 crore …

Budget 2025: Centre exempts customs duties on EV battery materials
1 month, 3 weeks ago

Budget 2025: Centre exempts customs duties on EV battery materials

The Hindu  

In its attempt to promote domestic manufacturing of lithium-ion batteries to drive electric mobility, the government will add 35 additional capital goods used in the manufacturing of Electronic Vehicle batteries to the duty exemption list, Finance Minister Nirmala Sitharaman said in her budget speech. “It will facilitate easy access to export credit, cross-border factoring support, and support to MSMEs to …

Target of Viksit Bharat by 2047 achievable; focus on manufacturing, services needed: Deloitte
1 month, 3 weeks ago

Target of Viksit Bharat by 2047 achievable; focus on manufacturing, services needed: Deloitte

Live Mint  

New Delhi, Jan 31 The target of India achieving the status of a developed nation, or Viksit Bharat by 2047, seems "achievable", consultancy firm Deloitte India said on Friday advocating for a sharp focus on manufacturing and services, and measures to rein in inflation. The Economic Survey 2024-25, tabled in Parliament on Friday, said India needs to grow by 8 …

Union Budget 2025: Could tax incentives drive a surge in EV manufacturing?
1 month, 3 weeks ago

Union Budget 2025: Could tax incentives drive a surge in EV manufacturing?

Firstpost  

India’s electric vehicle sector has witnessed remarkable growth over the past few years, driven by strong government policies such as FAME, EPMS, PLI, and the PM eDrive Scheme. However, for India to move from 9% to 50% or more penetration and push domestic manufacturing, Budget 2025 must introduce stronger tax incentives and policy measures to address key industry challenges. Strengthening …

How Union Budget 2025 can unlock India's manufacturing potential
1 month, 3 weeks ago

How Union Budget 2025 can unlock India's manufacturing potential

Firstpost  

The Union Budget 2025 offers a chance for India to boost its manufacturing sector, support skilled workers and become a global leader in industrial production while promoting sustainable growth and self-reliance Global manufacturing needs a new centre. The Union Budget 2025 can lay the foundation for this shift, powered by millions of skilled workers and entrepreneurs who are already reimagining …

What Union Budget 2025 can mean for India’s auto sector
1 month, 3 weeks ago

What Union Budget 2025 can mean for India’s auto sector

Firstpost  

The Union Budget 2025 is likely to transform India’s auto industry with a focus on sustainability, innovation and green consumer incentives to boost global competitiveness The Union Budget 2025-2026 offers a transformative opportunity to redefine India’s auto industry, accelerating its transition to sustainable mobility. With the sector registering annual sales of 25 million vehicles and attracting $36 billion in foreign …

India to Host World’s Largest Auto Expo Next Year
2 months ago

India to Host World’s Largest Auto Expo Next Year

Deccan Chronicle  

New Delhi: As India is having the second-largest automotive expo in the world at present, commerce and industry minister Piyush Goyal on Friday said that India’s share in the global mobility supply chains is increasing due to the sector’s cost-competitiveness and focus on product quality. Speaking at the Bharat Mobility Global Expo 2025 here, he said by next year this …

Annual car sales in India exceed population of many countries: PM Modi at Bharat Mobility Global Expo 2025
2 months ago

Annual car sales in India exceed population of many countries: PM Modi at Bharat Mobility Global Expo 2025

Live Mint  

Prime Minister Narendra Modi inaugurated the Bharat Mobility Global Expo 2025 on Friday, declaring India the future of global mobility. Speaking at the Bharat Mandapam in New Delhi, PM Modi highlighted India’s impressive annual vehicle sales of 2.5 crore units and the attraction of $36 billion in foreign direct investment in the past four years. “The Indian auto sector grew …

Budget 2025 Expectations For Automobile Sector: Reduction In GST For Hybrids, Removing Domestic Production Bottlenecks, More
2 months, 1 week ago

Budget 2025 Expectations For Automobile Sector: Reduction In GST For Hybrids, Removing Domestic Production Bottlenecks, More

ABP News  

Budget 2025: India's automobile industry, the world’s third-largest market, is at a turning point, driven by shifting consumer preferences, sustainability goals, and evolving government policies. As per Rajeev Singh, Partner and Consumer Industry Leader, Deloitte, certain measures such as simplification of GST classes and boosting domestic manufacturing are some of the most urgent expectations that players in the automobile sector …

Budget 2025: From GST Reforms To Fixing Manufacturing Gaps, EV Sector Expectations This Year
2 months, 2 weeks ago

Budget 2025: From GST Reforms To Fixing Manufacturing Gaps, EV Sector Expectations This Year

ABP News  

Budget 2025: The Union Budget for 2025-26, set to be presented in February by Finance Minister Nirmala Sitharaman, is highly anticipated by various sectors, with the electric vehicle industry at the forefront of expectations. The EV sector is poised for significant growth, with Union Minister Nitin Gadkari projecting the market's value to reach Rs 20 lakh crore by 2030, creating …

Outlook 2025: Nifty target pegged at 26,300; FMCG, defence, among top high-growth sectors for 2025
2 months, 3 weeks ago

Outlook 2025: Nifty target pegged at 26,300; FMCG, defence, among top high-growth sectors for 2025

Live Mint  

Outlook 2025: Indian equities were buoyant amid a challenging and eventful year with higher volatility. Domestic equity benchmarks Nifty 50 and Sensex rose 8.8 per cent and 8.2 per cent, respectively, logging their ninth straight year of gains. "We forecast a base target of 26,300 for December 2025, suggesting a moderate return of 10 per cent year-on-year supported by expected …

Trade and service sector leaders meet FM, urge tax cuts, export support
2 months, 3 weeks ago

Trade and service sector leaders meet FM, urge tax cuts, export support

Live Mint  

New Delhi: Trade and service sector representatives met finance minister Nirmala Sitharaman on Thursday for pre-budget consultations, seeking tax cuts for MSMEs, incentives for smaller companies to reduce their carbon footprint and energy costs, increased financial support for exporters, and the continuation of the Interest Equalisation Scheme to maintain export competitiveness. "Allocating specific funds for capacity-building programmes targeting prospective exporters …

Automotive to sustainable mobility, EVs and beyond: Auto industry’s journey for 2025
2 months, 3 weeks ago

Automotive to sustainable mobility, EVs and beyond: Auto industry’s journey for 2025

Live Mint  

New Delhi, Dec 24 Traversing from being just vehicle manufacturers to mobility solutions providers amid a raging debate over which eco-friendly technology must be incentivised, the Indian automobile industry is driving in the new year under the shadow of a slowdown in sales with the post-pandemic pent-up demand in distant memory. The shift in the auto industry -- where advanced …

Indian manufacturing must adapt to constant flux in a dynamic world
3 months ago

Indian manufacturing must adapt to constant flux in a dynamic world

Live Mint  

The global economic landscape is becoming increasingly interlinked and dynamic. Despite multiple shifts, 2023 saw global merchandise exports worth over $24 trillion, an increase of 6% over 2019, demonstrating resilience in the face of disruptions. Focused reforms since then, including the production-linked incentive schemes and ‘Make in India’ initiative, combined with infrastructure development programmes, trade agreements and stronger participation in …

Will auto sector outperform Nifty 50 again in 2025? Experts weigh in
3 months, 1 week ago

Will auto sector outperform Nifty 50 again in 2025? Experts weigh in

Live Mint  

The auto index has been a standout performer in 2024, significantly outpacing the benchmark Nifty. A Strong Performance In the past year, the auto index has climbed 34 per cent, almost double the Nifty's 17 per cent rise. Industry experts weigh in on the potential growth drivers and challenges that could shape the sector’s trajectory in the coming year, offering …

India targets $1 trillion exports by 2030: Coimbatore DGFT
5 months, 3 weeks ago

India targets $1 trillion exports by 2030: Coimbatore DGFT

New Indian Express  

TIRUPPUR: India has an ambitious target of exporting goods worth $1 trillion USD by 2030, said Anand Mohan Mishra, Joint Director General of Foreign Trade of Coimbatore, during a seminar ‘Export Finance and Trade Facilitation for the Apparel Industry’ in Tiruppur on Saturday. Speaking among the exporters in Tiruppur, Mishra said, “ Each and every part of the export community …

Auto industry crosses ₹20 lakh crore mark in FY-24; contributes 14-15 pc to total GST: SIAM President
6 months, 1 week ago

Auto industry crosses ₹20 lakh crore mark in FY-24; contributes 14-15 pc to total GST: SIAM President

The Hindu  

The Indian automotive industry has crossed ₹20 lakh crore mark in FY24 and now contributes 14-15% of the total GST collected in the country, SIAM President Vinod Aggarwal said on Monday. "The Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore in FY24.we are contributing almost 14-15 per cent of the total GST collected in the …

Budget 2024 presents a detailed, comprehensive road map for Viksit Bharat
7 months, 3 weeks ago

Budget 2024 presents a detailed, comprehensive road map for Viksit Bharat

Live Mint  

As promised in the Interim Budget 2024-2025 by finance minister Nirmala Sitharaman, it was heartening to see the detailed and comprehensive road map for Viksit Bharat in the full budget. In fact, inspired by Prime Minister Narendra Modi’s vision, FICCI’s four priority areas, namely manufacturing, farm-led growth, women-led development and sustainability, closely mirror the thrust areas highlighted in the budget. …

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%
11 months ago

Tata shifts gears: Considers importing Jaguar Land Rover EVs after government cuts import duty from 100% to 15%

Live Mint  

India's Tata Motors is planning to import its Jaguar Land Rover luxury electric cars under a new government policy that lowers import taxes for companies agreeing to set up local manufacturing, according to a Reuters report. Import duties on some EV models have been slashed from as high as 100 percent to just 15 percent, provided the carmaker invests at …

Every big chip player to re-work investment plan for India: Minister Vaishnaw
1 year ago

Every big chip player to re-work investment plan for India: Minister Vaishnaw

The Hindu  

India has set its sights on becoming a formidable force in global semiconductor equation, rivalling known destinations like Taiwan and South Korea in next 5 years, Union Minister Ashwini Vaishnaw has said asserting that if and when mindset of global players has changed to an eagerness to invest in the country. This means, practically every big player would now like …

'We will transform India into a global export hub': PM Modi inaugurates Bharat Tex 2024 at Delhi's Bharat Mandapam
1 year ago

'We will transform India into a global export hub': PM Modi inaugurates Bharat Tex 2024 at Delhi's Bharat Mandapam

Op India  

Prime Minister Narendra Modi affirmed to transform India into a Global Eain auxport Hub as he inaugurated the global textile event, Bharat Tex 2024 at Delhi’s Bharat Mandapam on Monday. The Prime Minister said that the government’s consistent efforts are giving rise to increased foreign investments in India’s textile sector. Bharat Tex 2024, one of the largest-ever global textile events …

Indian Automotive Component Industry Set to Reach $14 Billion by 2028
1 year, 1 month ago

Indian Automotive Component Industry Set to Reach $14 Billion by 2028

Deccan Chronicle  

Pune: The Indian automotive component industry is expected to touch $14 billion or Rs 116,634 crore by 2028, and the aftermarket segment has a $35 billion or Rs 291,585 crore opportunity, the Automotive Component Manufacturers Association of India or ACMA said on Monday. "The Indian domestic aftermarket, valued at USD 10 billion in 2023, is poised to surge almost 1.4 …

India will become auto technology provider to the developing world: Bhargava
1 year, 1 month ago

India will become auto technology provider to the developing world: Bhargava

Live Mint  

New Delhi: India’s car industry will drive its manufacturing growth and play a big role in attracting investments and prosperity, Maruti Suzuki chairman R.C. These are themes he addresses in his latest book, Impossible to Possible, in which he describes what made Maruti Suzuki, the first and only instance of the government-run public sector undertaking forming a joint venture with …

Auto component industry to invest $7 billion over next 5 years: ACMA
1 year, 3 months ago

Auto component industry to invest $7 billion over next 5 years: ACMA

Deccan Chronicle  

Pune: With robust demand in place in the automobile sector, the Indian auto component industry is planning to invest around $ 6.5 to 7 billion over the next five years on capacity expansion and technology upgradation, Shradha Suri Marwah, President of Automotive Component Manufacturers Association of India or ACMA said on Wednesday. The auto component industry, which recorded a 12.6 …

How Indian startups are contributing to India’s $5 trillion economy goal?
1 year, 5 months ago

How Indian startups are contributing to India’s $5 trillion economy goal?

Live Mint  

Indian startups have witnessed remarkable growth in recent years, with the country emerging as the third-largest ecosystem for ventures globally. In 2022, Indian startups attracted a whopping $42 billion in funding, a substantial leap from the previous year's $16 billion which underscores their pivotal role in India's aspiration to achieve a $5 trillion economy goal. India will soon become a …

How India’s G20 Presidency Can Galvanise The Manufacturing Sector - News18
1 year, 6 months ago

How India’s G20 Presidency Can Galvanise The Manufacturing Sector - News18

News 18  

India’s G20 Presidency presents an opportunity to strengthen the country’s collaboration and economy. With Indo-US deals taking centre stage and other global corporations following suit, India’s manufacturing sector has the potential to reach $1 trillion by 2030, making it the fourth-largest in the world. To achieve India’s national target of increasing manufacturing contribution to 25 per cent of GDP by …

Tesla to source almost $2 billion from Indian auto part makers in 2023: Goyal
1 year, 6 months ago

Tesla to source almost $2 billion from Indian auto part makers in 2023: Goyal

The Hindu  

Tesla is likely to ramp up its sourcing from India this year to a little under $2 billion and while the government is keen to attract investors like the Texas-based electric automobile player, it will frame a policy for the sector that does not favour a single player, Commerce and Industry Minister Piyush Goyal said on Wednesday. “Last year, Tesla …

India's automotive industry poised to rank number 3 in world by 2030: Govt
1 year, 6 months ago

India's automotive industry poised to rank number 3 in world by 2030: Govt

Deccan Chronicle  

New Delhi: India's automotive industry is poised to rank number three in the world by 2030, with various schemes like the Rs 25,938 crore PLI for Automobile and Auto Components supporting the sector's growth, the government said on Monday. “MHI considers the PLI-Auto applicants of automotive industry as one of the crucial stakeholders of the scheme,” the ministry stated. “The …

Indian Automobile Industry Witnesses 92 Percent Decline in Deal Activity Due to EVs
1 year, 8 months ago

Indian Automobile Industry Witnesses 92 Percent Decline in Deal Activity Due to EVs

News 18  

India Inc saw just 16 deals amounting to $98 million in the second quarter this year in the auto sector, registering a substantial decline in overall deal activity, with a 92 percent drop in values and 36 percent decrease in volumes, a report showed on Wednesday. The sector recorded a 21 percent growth in domestic sales in FY 2022-23 across …

Indian auto sector sees 92% decline in deal activity amid EV boom
1 year, 8 months ago

Indian auto sector sees 92% decline in deal activity amid EV boom

India TV News  

India Inc saw just 16 deals amounting to $98 million in the second quarter this year in the auto sector, registering a substantial decline in overall deal activity, with a 92 per cent drop in values and 36 per cent decrease in volumes, a report showed on Wednesday. The sector recorded a 21 per cent growth in domestic sales in …

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing
1 year, 9 months ago

India's GDP growth exceeds expectations, but key to 'Amrit Kaal' lies in manufacturing

Firstpost  

The coming 24-25 years will be crucial to India in determining its stakes as a global political and economic power. The fifth-largest economy now needs to gear up to its highest potential, with the manufacturing sector being given a fair chance to show its charisma Outperforming expectations, India’s GDP grew at the rate of 6.1 per cent in the last …

At the root of India’s manufacturing challenge
1 year, 9 months ago

At the root of India’s manufacturing challenge

The Hindu  

The issue of manufacturing or services as the desirable path for India’s economy makes the rounds in public fora periodically. In the early part of this century, when India’s software exports were booming, it had been asked why India’s services sector should not leapfrog over manufacturing to propel the economy forward. Unimpressive record After the economic reforms of 1991, the …

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth
2 years, 1 month ago

Union Budget 2023-24: Consumer Electronics sector expects proposals to bolster its growth

Firstpost  

It would also be very helpful to the sector if the government provides incentives for the domestic design and manufacture of electronics Around 62 per cent of industry leaders were optimistic about India’s growth prospects in 2023, according to a recent survey by Deloitte. Outlook for electronics sector In recent years, there has been a lot of discussion around India …

India's services exports to cross $300bn target for this fiscal: Piyush Goyal
2 years, 1 month ago

India's services exports to cross $300bn target for this fiscal: Piyush Goyal

The Hindu  

The country's services exports are doing “extremely well” and going by the current trend these outbound shipments would register about 20% growth in this fiscal and cross the $300 billion target despite global economic uncertainties, Commerce and Industry Minister Piyush Goyal has said. With all these stress, where every global leader is talking of “very” tough times, India's exports rose …

India is 3rd biggest auto market now. What do the numbers reveal?
2 years, 2 months ago

India is 3rd biggest auto market now. What do the numbers reveal?

Live Mint  

The automobile sector, which was bogged down for months by the semiconductor shortage last year, is slowly coming out of the woods with easing supply-chain constraints. With vehicle sales topping 4.5 million in 2022, India became the world’s third-largest automotive market, beating Japan, Nikkei Asia reported earlier this month. Budget may put India's missing middle in Ayushman Bharat UPI for …

Indian manufacturing sector and the great transformation under Narendra Modi
2 years, 3 months ago

Indian manufacturing sector and the great transformation under Narendra Modi

Firstpost  

With the vision of transforming India into a manufacturing hub, our government under the leadership of Prime Minister Narendra Modi took concrete steps towards improving various business parameters In 2014, when Prime Minister Narendra Modi took the reins of our nation, India had been tagged as one of the so-called “Fragile Five” nations alongside Indonesia, Brazil, Turkey, and South Africa, …

What is Indian auto industry's India@100 vision? Automobile body chief replies
2 years, 6 months ago

What is Indian auto industry's India@100 vision? Automobile body chief replies

Hindustan Times  

The Society of Indian Automobile Manufacturers has said that India's automobile industry aims to be among the top two global producers in every segment of vehicles over the next 25 years. The domestic automobile industry has been going through a long-term, deep structural slowdown even before the Covid pandemic surfaced, Kenichi Ayukawa "Industry has prepared a vision statement for India …

Auto component industry likely to clock 8-10% growth in FY23: report
2 years, 11 months ago

Auto component industry likely to clock 8-10% growth in FY23: report

The Hindu  

The Indian auto component industry is expected to clock 8-10% growth in FY23, supported by the easing of supply-chain issues and commodity inflation in the second half of the year, according to rating agency Icra. Domestic OEM demand has remained a mixed bag across segments in FY2022, with a slowdown in two-wheelers and semiconductor shortage dragging down overall production volumes," …

Discover Related