News from the world of Education: April 9, 2024 thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Sustainability In Auto: Corporate-run scrap yards are coming up, creating a new industry of sorts of recyclable parts, while component manufacturers are replacing metal and plastic with innovative biodegradable material. Take Gurgaon-based Paracoat Products, which makes parts that dampen noise, vibration and harshness (NVH) in automobiles. Typically, such parts are made of plastic or wood. Now, the company is experimenting with jute sticks.
Auto Parts Localisation: The Indian auto industry is set to invest up to USD 7 billion by FY28 to deepen localisation of advanced components, including electric motors and automatic transmissions, to reduce imports and capitalize on multinationals China Plus One sourcing strategy. The Automotive Component Manufacturers Association (ACMA) reports that automakers and suppliers are likely to make this investment between FY24 and FY28.
ACMA Automechanika 2024: Featuring 1500+ product categories across 10 segments, the Automechanika provided a comprehensive platform for automotive wholesalers, distributors, and traders. Indian automotive aftermarket expected to reach USD14 billion by 2028.
Domestic auto component aftermarket expected to touch $14 bn mark by 2028: ACMA study devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.