acma
Huge job losses imminent in automotive sector if demand remains weak: ACMA
ACMA President Deepak Jain said that auto industry body SIAM has already predicted an annual downturn of 35-40% due to COVID-19 situatio
Government seeks suggestions from auto industry leaders for resource mop-up
The industry captains also sought liquidity support to component makers and dealerships
Auto component industry turnover dips 10 per cent in Apr-Sep
This led to a job loss of around 1 lakh temporary workers till July this year, industry body ACMA said.
Auto players should take up GST rate cut demand with state FMs: MoS Finance
Automobile and component manufacturers have been seeking GST cut on automobiles to 18 per cent from 28 per cent
ACMA seeks uniform 18 per cent GST on all components
The auto components industry currently employs 50 lakh people and contributes 2.3 per cent to India's GDP.
Auto industry seeks stimulus package from government
In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.
Auto component industry fears loss of 10 lakh jobs due to prolonged slowdown
Vehicle sales in all segments have continued to plummet for the last several months.
Auto component industry seeks stable road map for EV transition
Govt should adopt a pragmatic approach to create a stable and long-term road map for a transition to EVs, said industry body.
ACMA seeks minimum import price levy on two-wheeler alloy wheels imported from China
MIP is a temporary measure to provide protection to domestic farmers and industry from predatory pricing of imports.