ACMA India’s Post

S1X E-scooter From Ola Get Certification for PLI Scheme Ola electric S1X variants scooter has gained DVA certification under the PLI scheme for auto and auto components Eligibility Criteria to Get Certified ·     To get DVA certified Ola electric must achieve 50% domestic value addition in its vehicles ·     The company also need to meet minimum investment benchmark ·     The certified products must meet an increasing sales threshold      Key Matrices ·     The incentive will between 13-18% of the determined sales value ·     The firm is eligible to get benefit for 5 consecutive years from FY24 ·     It has secure PLI certifications for four products     Conclusion      According to above analysis PLI certification will be positive for the company.       CMP: 137.79 INR       Market cap: 60,7.7 B Rishabh Kale

#IiAS' voting recommendations for CIE Automotive India Ltd.'s upcoming #AGM on 20 June 2024. Read our voting rationale before you vote: https://lnkd.in/daSRmB_2 #ShareholderMeeting #IiASRecommendations #CorporateGovernance

The recent MOT Government consultation could have had far reaching implications on the automotive sector. In this video, Alex Lindley FIMI explores how being an IMI member gave him a voice during the consultation process. The IMI worked with members to provide an industry response, which resulted in MOT testing remaining at 3 years and annually thereafter (3-1-1), instead of moving to 4-2-2. Find out how Alex worked with the IMI to present a response, Alex's response to the outcome, and why the decision, and having a voice, is so important to the independent garage sector. If you would like to contribute to shaping the future of MOT testing, why not register for our webinar - Navigating the Future of MOT: Insights, Improvements and Engagement - to delve into the recent consultation findings and explore potential future enhancements. Featuring discussions led by MOT experts, including Neil Barlow and Simon Smith, alongside a robust Q&A session. Register now: https://okt.to/mHSOCX. #MOT #IMICommunity #ProudToBeIMI

PLI scheme extended for automobile and auto component industry, government approved: … (PLI) scheme for the automobile and auto component industry. … PLI scheme, both the automobile and auto component industries … formidable player in the international automotive market. Job Creation: … positive impact on the automobile and auto component sectors. … #car #cars #awesome

Thanks MD sir or JSE Automotive company

Some very interesting insights on the automotive sector from the IMI.

The ACMA India (Automotive Component Manufacturers Association) held its 64th annual conclave on September 9, 2024 in New Delhi. The event saw industry stalwarts and stakeholders share their perspective on the present and the future of India’s automotive landscape. In fact, one theme that echoed across the sessions was the focus on – Sustainability – not just in terms of adopting greener technologies but also manufacturing, inclusivity and long-term vision. #Components #Automotive #India #Industry

This week, representatives of ETRTO and the European Commission Joint Research Center (JRC) participated in a 2-day workshop on #tyre abrasion at DEKRA France test center. They saw the methodology approved by the UNECE Working Party on Noise and Tyres in action, including: 🛞 Test vehicle preparation to mitigate impact on the test 🛞 Tyre fitting & balancing 🛞 Measuring the tread depth & profile of the tyres by laser 🛞 Open road testing in a real-life situation More testing will be conducted in the upcoming months to determine tyre abrasion limits for passenger car tyres (C1 tyres) to be incorporated in UN Regulation No. 117 by September 2025. The European tyre industry has significantly invested in this market assessment and the proposal will become the reference methodology of #Euro7 👉 https://lnkd.in/dVN74Kgq #TyreAbrasion

New car sales figures announced today by the Society of Motor Manufacturers and Traders (SMMT) increased by 8.2% in January! Lisa Watson, our Director of Sales, has commented: “Continued growth in registrations provides cause for optimism in 2024. "However, electric vehicle (EV) registrations remain skewed by fleet sales, and demand is not where it needs to be if the 2035 ban on new petrol and diesel vehicles is to be realistic. Currently just one in five (21%) dealers believe the ban will actually go ahead, with infrastructure (72%) and lack of consumer interest (46%) being cited as the reasons why they’re not confident it will come into force. Motorists will need more incentives to switch to EVs, particularly as high upfront costs and a lack of sufficient infrastructure is continuing to act as a barrier to widespread adoption. “Increased registration figures do provide good news for dealers who have had to work hard to maximise sales as motorists jostle with the cost-of-living crisis. Continuing to utilise insights and tools to monitor trends and cater for demand will be key to ensuring profitability in 2024.” For the full article, visit https://loom.ly/7Tdss3c #SMMT #NewCarSales #NewCarRegistrations

PLI scheme for automotive industry extended till FY2028