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  ACMA recommends uniform 18% GST on all auto components
A moderate rate of 18 per cent will not only address this challenge but will also enhance the tax base through better compliance, says Sunjay Kapur, President, Automotive Component Manufacturers Association (ACMA).

  Balu Forge buys precision machining unit of Mercedes Benz Truck Factory in Germany
Balu Forge Industries Ltd (BFIL) has recently acquired the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim, Germany.

  SKF extends support to automakers to increase EV production
The revolution of the North American automotive industry is in progress with the growing demand for battery electric vehicles (BEVs), and SKF is well-positioned to support the industry's growth goals.

  ICRA comes out with revised downward growth forecast for auto industry
Rating agency Icra revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 percent.

  Honda to start EV battery swapping for 3-wheelers in Bengaluru
Japanese auto major Honda Motor will start offering battery-swapping service to electric three-wheelers in Bengaluru by the end of June.

Editor's Desk

Pratap Padode / Managing Director

Auto in reverse gear due to Covid 19
To fight novel coronavirus disease (Covid 2019), the government ordered a 21-day nation-wide lockdown, starting March 25.


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