India's auto component industry grew by 9.8% to Rs 6.14 lakh crore in FY24, driven by domestic and export growth, as per ACMA. The industry saw a trade surplus of USD 300 million.

India's Union Budget 2024-25 proposes customs duty exemption on lithium, cobalt, and other minerals, aiming to lower EV battery production costs and make electric vehicles more affordable.

ACMA urges government to incentivize capex, rationalize GST rates on EVs and components, and increase depreciation rates in the upcoming Budget 2024-25.

India's auto component aftermarket is projected to grow to USD 14 billion by 2028, driven by a surge in vehicle parc and export opportunities. Learn more about the report findings.

India's auto component industry plans to invest USD 7 billion over the next 5 years to expand capacity and upgrade technology, driven by robust demand and growth in vehicle sales.

Google signs MoU with Tamil Nadu government to explore Pixel 8 manufacturing, AI skill development, and an AI ecosystem for MSMEs.

Assam Chief Secretary calls for prioritizing quality over quantity in tea production, urging stakeholders to ensure safe and high-quality tea for economic well-being of tea growers and workers.

Pakistan is reviewing hydro and nuclear power projects due to energy overcapacity and high costs, leading to concerns about financial strain and capacity payments to IPPs.

S M Vaidya steps down as chairman of Indian Oil Corporation (IOC) after leading the company to unprecedented heights during his tenure, marked by innovation, sustainability, and operational...

Cambodia expects a significant rise in Indian tourists in 2024, with increased flights and tourism initiatives. Discover why Cambodia is a top destination for Indian travelers.

Google signs MoU with Tamil Nadu government to explore Pixel 8 manufacturing, AI skill development, and an AI ecosystem for MSMEs.

PM Modi highlights India's growth potential at ET World Leaders Forum, promising reforms, stable policies, and high growth for investors. He also emphasizes the country's commitment to innovation...

Assam Chief Secretary calls for prioritizing quality over quantity in tea production, urging stakeholders to ensure safe and high-quality tea for economic well-being of tea growers and workers.

Property registrations in Mumbai's municipal region are expected to increase by 7% in August, reaching 11,650 units, driven by strong demand and a positive economic outlook.

PM Modi assures investors of reforms, stable policy regime and high growth, emphasizing India's economic progress and its emergence as a global leader. He calls for innovation and high-quality...