September 17, 2025
The Automotive Component Manufacturers Association of India (ACMA) held its 65th Annual Session in New Delhi, where a joint ACMA–McKinsey study projected that India’s auto component industry could reach USD 200 billion by 2030. The study highlighted growth drivers including domestic demand, export expansion, and opportunities in both internal combustion engine components and next-generation electric […]
September 15, 2025
McKinsey & Company and the Automotive Component Manufacturers Association of India (ACMA) project that India’s auto component sector will grow to USD 200 billion by FY 2030. The report, Shaping the Future of India’s Auto Component Industry Amid Global Trade Shifts, was released at ACMA’s 65th Annual Session in New Delhi. According to the McKinsey-ACMA […]
March 5, 2025
India’s auto component exports reached $21.2 billion in FY24, with projections suggesting they could grow to $100 billion as global original equipment manufacturers (OEMs) adjust their supply chains, according to a report released by the Automotive Component Manufacturers Association of India (ACMA) and Boston Consulting Group (BCG). The report indicates that India has moved from […]
December 16, 2024
Multiple US companies have settled bribery cases with the United States Department of Justice (DOJ) and Securities and Exchange Commission (SEC), paying significant fines to resolve charges of corrupt practices in India and other countries, according to a report by The Pioneer. Key Cases and Penalties Details of Bribery Schemes The SEC orders describe various […]
November 6, 2024
The Government of India has provided a financial package of approximately ₹1,650 crore to support Rashtriya Ispat Nigam Ltd. (RINL) amid ongoing financial and operational challenges. The state-owned steel producer, which operates a 7.5 million-tonne plant in Visakhapatnam, Andhra Pradesh, has been facing severe cash flow issues, leading to temporary production cuts and the shutdown […]
October 31, 2024
The electric vehicle (EV) industry is set to invest an estimated $20 billion across South and Southeast Asia (SSEA) as automakers expand their presence in response to anticipated demand growth. A recent report by S&P Global Ratings projects annual EV sales in the region to increase by more than 20% from 2024 to 2026, driven […]
October 2, 2024
India’s manufacturing sector experienced growth in 2022-23, according to the Annual Survey of Industries released by the Ministry of Statistics and Programme Implementation. The report highlights a 7.3% rise in Gross Value Added (GVA) in the industrial sector compared to the previous year, driven by key industries including basic metals, refined petroleum, food products, chemicals, […]
