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.

Union Minister Piyush Goyal warns against populist handouts, stating they harm the country in the long run. He highlights the government's focus on skilling youth and boosting the startup ecosystem.

IDFC First Bank reported an 11% decline in net profit to Rs 680 crore in Q1 FY24. Total income rose, while gross NPAs declined.

NITI Aayog outlines key structural challenges India needs to address, including manufacturing, logistics, and income disparity, to avoid the Middle-Income trap.

Coal India Limited (CIL) has reversed the declining trend in underground (UG) coal production for the first time in 14 years, thanks to modernization and technology.

India's income tax department reports over 5 crore ITRs filed for AY 2024-25, an 8% rise from last year. Infosys, the e-filing portal's tech partner, assures uninterrupted services.

Union Minister Piyush Goyal warns against populist handouts, stating they harm the country in the long run. He highlights the government's focus on skilling youth and boosting the startup ecosystem.

IDFC First Bank reported an 11% decline in net profit to Rs 680 crore in Q1 FY24. Total income rose, while gross NPAs declined.

NITI Aayog outlines key structural challenges India needs to address, including manufacturing, logistics, and income disparity, to avoid the Middle-Income trap.

NCCF will sell subsidised tomatoes at Rs 60/kg in Delhi-NCR from Monday to provide relief from soaring tomato prices. The move comes as prices have surged due to supply disruptions.

Coal India Limited (CIL) has reversed the declining trend in underground (UG) coal production for the first time in 14 years, thanks to modernization and technology.