The domestic auto component industry expects to log in double-digit sales growth in the current fiscal after having reported its highest-ever turnover in 2022-23, as demand is expected to remain robust. As per the Automotive Component Manufacturers Association (ACMA), the sector reported a turnover of Rs 5.6 lakh crore last fiscal, registering a… Continue reading Domestic auto component industry reports highest turnover in FY23
Tag: component
Bosch Ltd to increase manufacturing in India to pare component import
By VarunVyas Hebbalalu and Aleef Jahan C S BENGALURU (Reuters) – Bosch Ltd, the Indian arm of German automotive supplier Robert Bosch GmbH, is looking to boost manufacturing in India over the next two to four years, the company’s financial chief said on Tuesday. The technology supplier plans to increase the percentage… Continue reading Bosch Ltd to increase manufacturing in India to pare component import
Apple’s main supplier Foxconn plans $500 mn component plants in India
By Sankalp Phartiyal Apple Inc.’s main supplier, Foxconn Technology Group, plans to increase its investments to more than $1.2 billion in southern India’s Karnataka state and add two component factories there, expanding a steady diversification from China to mitigate the risks of US economic and technology sanctions. At least one of… Continue reading Apple’s main supplier Foxconn plans $500 mn component plants in India