The Indian automotive components industry is on the cusp of substantial growth and advancements, fuelled by India’s strategic position in global supply chains, rising demand for premium automotive features, and alternative powertrain technologies. These factors together have the potential to increase the industry’s market size to $200 billion by 2030, growing at 16% CAGR, up […]
With total equipment sales crossing 1,35,650 units as against 1,07,779 lakh units in FY23, the Indian Construction Equipment industry has recorded 26% increase in overall sales volume for the financial year 2023-24, surpassing all projections. With these landmark figures, the CE industry has set yet another record, thereby sustaining the previous year’s growth momentum. The […]
Operating margins seen steady with better realisation, stable commodity prices Commercial vehicle (CV) makers will see revenue growth moderating to 5-7% on-year next fiscal after an estimated ~9% rise this fiscal. This will be driven by price hikes as volume growth is expected to be modest for medium and heavy CVs (M&HCVs) and flattish for […]
The Prime Minister, Shri Narendra Modi addressed a program at India’s largest and first-of-its-kind mobility exhibition – Bharat Mobility Global Expo 2024 at Bharat Mandapam, New Delhi today. He also took a walkthrough of the Expo. Bharat Mobility Global Expo 2024 showcases India’s capabilities across mobility and automotive value chains and will feature exhibitions, conferences, […]
The vehicle retail data for Dec’23 and CY’23 released by the Federation of Automobile Dealers Associations (FADA) indicates that December 2023 witnessed a 21% YoY growth in auto retail. All categories reported positive growth: 2W by 28%, 3W by 36%, PV by 3%, Tractors (Trac) by 0.2%, and Commercial Vehicles (CV) by 1.3%. CY’23 Auto […]
The Prime Minister, Shri Narendra Modi addressed a program at India’s largest and first-of-its-kind mobility exhibition – Bharat Mobility Global Expo 2024 at Bharat Mandapam, New Delhi today. He also took a walkthrough of the Expo. Bharat Mobility Global Expo 2024 showcases India’s capabilities across mobility and automotive value chains and will feature exhibitions, conferences, […]
Society of Indian Automobile Manufacturers (SIAM), the apex body representing leading automobile manufacturers of the country, commemorated its 63rd Annual Convention deliberating on the way ahead for Sustainable Mobility. On the Occasion of 63rd SIAM Annual Convention Hon’ble Prime Minister of India, Shri Narendra Modi in his message mentioned that for over six decades SIAM […]
Arthur D. Little, the world’s oldest management consulting firm, has released a new report titled “Transforming India into a Global Automotive Hub: Roadmap for the Automotive Ecosystem”. The report explores the key areas of automotive value creation in India, such as becoming a destination for global platforms, achieving global scale in software and ER&D, striving […]
The Federation of Automobile Dealers Associations (FADA) has released Vehicle Retail Data for August 2023. During the month, the automotive retail sector exhibited a strong year-over-year (YoY) growth of 9%, though slightly lower than previously reported figures. This uptick was consistent across multiple vehicle categories, with a 6% increase in 2-wheelers (2W), a 6.5% increase […]
The Automotive Component Manufacturers’ Association of India (ACMA) is poised for a transformative journey as it welcomes new leaders to guide the industry into the future. In an announcement that holds significant promise for the Indian auto component sector, ACMA introduces Shradha Suri Marwah as the President and Vikrampati Singhania as the Vice President for […]
The Federation of Automobile Dealers Associations (FADA) today commemorated the inaugural Auto Dealers Day, a significant milestone in the automotive retailing world. FADA marked this occasion by emphasizing a strong sense of community and reaffirming the industry’s commitment to sustainability. September 19th, chosen as Auto Dealers Day, aligns with the foundation day of the Federation […]
Widely recognized and celebrated as the leading platform to facilitate the convergence of hundreds of 2nd and 3rd generation entrepreneurs of the rapidly growing automotive component industry, the ACMA-Young Business Leaders’ Forum (YBLF) was established under the aegis of the Automotive Component Manufacturers Association of India(ACMA), the nodal industry body. Leading the way in grooming young minds […]
The Federation of Automobile Dealers Associations (FADA) hosted the fifth edition of the Auto Retail Conclave, focusing on the theme “Collaborate-Innovate-Accelerate” immediately after the 59th AGM. The conclave witnessed the presence of prominent figures automobile industry, alongside participation from over 500 dealer members representing various regions of the country. The Conclave was inaugurated by Shri Nitin Gadkari, the honorable Union Minister of […]
Operating margins to expand by ~150-200 bps in FY 2024 with favourable product mix and stable movement in input prices ICRA pegs domestic tyre demand growth at 6-8% for FY 2024, supported by stable growth in the replacement segment and sustained demand momentum in the OEM segment. ICRA expects the demand momentum in the OEM […]
At the event, Dr. Pawan Goenka, Chairperson of INSPACe – Department of Space, Government of India, was presented a Lifetime Achievement Award for his enormous contributions to the Indian automotive industry The 12th edition of the Auto Summit 2023, a biennial flagship convention of the Federation of Automotive Dealers Association (FADA), was held in New […]