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).
Tag: ACMA
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Indian auto component industry grows in first half of 2021-22
Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry announced a growth of 65 per cent over the first half of the previous year.
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ACMA appoints Sunjay J Kapoor as President
Automotive Component Manufacturers Association of India (ACMA) announced the appointment of Mr. Sunjay J Kapur, Chairman, SONA Comstar Ltd. as President for the 2021-22 session.
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Indian auto component industry sales declined by 3%
The Automotive Component Manufacturers Association of India, ACMA has announced its findings on the automotive component industry.
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ACMA predicts about 10% degrowth for auto component industries in FY21
According to Deepak Jain, President, Auto Component Manufacturers Association (ACMA), the Indian auto component industry in fiscal 2020-21 would have a decline in growth in the range of 10%-12%.
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Indian auto industry joins the government to fight COVID 19
The automotive industry donated oxygen concentrators, cylinders and added hospital beds. It has set up mobile clinics, tele-ICUs and teleconsultations to assist COVID-19 care centres in rural areas.
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ACMA, SIAM join hands to boost auto components localisation
According to Deepak Jain, President, ACMA, the collaboration will promote localisation of auto components, reduce the import of substandard components and make the industry prices globally competitive.
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Indian auto component industry de-grows 34% in H1 2020-21
However, the industry’s net foreign exchange was positive for the first time ever
with companies exporting more ($ 5.2 billion) than importing ($ 5 billion) during the first
half of 2020-21.
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ACMA urges Haryana to reconsider law of 75% reservation for locals in pvt sector
According to Automotive Component Manufacturers Association of India (ACMA), believes that such a move will be detrimental for attracting future investments in Haryana
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ACMA gears up for first Auto Components Aftermarket Expo in Patna
This first-of-its-kind ACMA's aftermarket feature will host around 50 auto component manufacturers.