Federation of Automobile Dealers Associations’ Post

Exports play a crucial role in a country's economic development. They contribute to the national income, improve the balance of payments, and foster economic growth by creating job opportunities. June showed a significant increase in two-wheeler Indian exports from 3,01,516 units in 2023 to 3,24,908 units in 2024. This 7.8% increase highlights the growing importance of the two-wheeler industry in the export market. The Ministry Of Heavy Industries runs several schemes like PLI Auto, PLI ACC, FAME, EMPS, and Capital Goods scheme and promotes competitiveness in the industry. This demonstrates the robustness and efficiency of the domestic automobile manufacturing sector, which is capable of meeting international quality standards and demand. Higher export volumes contribute to economic growth by increasing national income and GDP, leading to more job opportunities and improved standards of living. The drive to meet diverse international market requirements by the Indian industry led by ACMA India and the Society of Indian Automobile Manufacturers (SIAM) often leads to technological advancements and innovation. #automobiles #technology

Mr Suvendra Kumar Behera, Chairman, CII Eastern Region & Vice Chairman & Managing Director, RSB Transmissions (I) Ltd, at the 11th Manufacturing #conclave East, organized by CII at #jamshedpur highlighted that Manufacturing sector contributes 16 -17 % of India’s GDP with a target to contribute to atleast 25% of country’s GDP by 2025. He expressed his concern about “Braindrain” where intelligent minds are exiting India to work for foreign nations. He said "If good skill sets and training centres are established here in India, the skill set will boon and will get youngster to work for the nation." Eminent leaders from industry deliberated on emerging technologies and their potential to future proof the manufacturing sector. With a focus on competitiveness, inclusiveness and sustainability, the conclave aimed to future proof the manufacturing sector to be future ready. RSB Global #cii4er #ciimanufacturingconclave #FutureReady #ManufacturingInnovation #manufacturingindustry #sustainability #manufacturing #manufacturer #manufacturingexcellence #jamshedpurevents

The 5th Edition of #LogixIndia 2024, #Mumbai was inaugurated by Mr. Ramesh Bais, the Hon'ble Governor of Maharashtra on March 26, 2024. He hailed FEDERATION OF INDIAN EXPORT ORGANISATIONS (FIEO) for its efforts & asked to join hands for other activities for cementing better Indian standards globally & wished FIEO's show a great success. Over 300 Indian & #Overseas #delegates from 30+ countries participated along with 1000+ attendees from all corners of India. This was more than an event - it's a gateway to #innovation and #collaboration! Further, it was added by dignitories during the #conference that #FIEO has been handholding the MSME's and apprising them about the current #economic environment. The logistics #fraternity in India must try new and innovative ideas so as to enhance their #Logistics #competitiveness. We had few interesting #B2B meetings with #logistics, #shipping and #warehousing companies from #mena #GCC and #Indian region companies which are already associated with SOHAR Port and Freezone and finding new avenues of expansion of their businesses. It All Starts Here.. Association of Multimodal Transport Operators of India (AMTOI), FFFAI - FEDERATION OF FREIGHT FORWARDERS' ASSOCIATIONS IN INDIA, The Air Cargo Agents Association of India (ACAAI), India Exim Bank #logixindia #logistics #oman #Soharfreezone #india #mumbai #gcc #port #cargo #shipping #logistics

Challenges Identified: • Monsoon Impact: Above-normal cumulative rainfall with uneven geographical distribution, leading to varying impacts across regions. • Consumer Sentiment: Low in some regions due to heavy rains and economic uncertainties. • High Inventory Levels: PV segment inventory surged to historic highs of 67-72 days amounting to Rs 73,000 Crores worth of stock, thus posing risks for dealer sustainability. • Financial Strain: Dealers continue to face financial pressure due to high inventory and interest costs. • Market Competition: Increased competition and heavy discounting in the PV segment. #FADA #ONOA Sai Giridhar Raj Kumar Saharsh Damani Vinkesh Gulati Nikunj Sanghi Society of Indian Automobile Manufacturers (SIAM) ACMA India Automotive Skills Development Council - India

🚀 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐭𝐢𝐦𝐞𝐬 𝐟𝐨𝐫 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐬𝐞𝐜𝐭𝐨𝐫! With the proposed Central Intelligence Agency for Manufacturing, '𝐌𝐚𝐝𝐞 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚' is set to scale new heights. This initiative aims to boost our 𝘮𝘢𝘯𝘶𝘧𝘢𝘤𝘵𝘶𝘳𝘪𝘯𝘨 𝘎𝘋𝘗 𝘴𝘩𝘢𝘳𝘦 𝘵𝘰 25% 𝒃𝒚 2047, up from the current 17%. 🌟 Backed by the robust Production Linked Incentive (PLI) schemes worth ₹1.97 lakh crore, and transformative initiatives like Make in India and the Phased Manufacturing Programme (PMP), India is on the path to becoming a global manufacturing powerhouse. 🏭💼 I'm incredibly optimistic about these developments and the immense potential they hold for local production and export substitution. Together, let's embrace this journey towards a stronger, self-reliant India! 🇮🇳💪 For any Indian manufacturing inquiries that includes a number of categories not only Toys please contact us- @Source4India #source4India #SustainableGrowth #ToyExports #MadeInIndia #ManufacturingExcellence #EconomicGrowth #MakeInIndia #PLI #PMP #InnovateAndGrow

Piyush Goyal sets $100 billion export target for auto component industry by 2030 India's auto component industry has been challenged to aim for a five-fold increase in exports, reaching $100 billion by 2030. This ambitious target was set by Piyush Goyal, Minister of Commerce and Industry, during the annual Automotive Component Manufacturers Association of India (ACMA) conference. Goyal emphasised the potential for the industry to become a key player in both domestic sales and exports, citing the sector's role as one of the largest job generators in the country. The Indian auto component sector saw a turnover of Rs 6.14 lakh crore ($74.1 billion) in 2023-24, with exports accounting for $21.2 billion and imports at $20.9 billion. The minister stressed the need for manufacturers to scale up investments in capacity, quality, and digitalisation to meet global standards and capitalise on Free Trade Agreements (FTAs). Global automakers are increasingly looking to India as a reliable, cost-effective manufacturing hub, especially as they diversify beyond China. This shift presents an opportunity for Indian manufacturers to expand their market share in exports. To achieve the $100 billion target, Goyal highlighted the need for greater localisation in the supply chain. Many Indian component makers still rely on imports for key parts such as engine components, chassis, suspension, and braking systems. If you are a fresher in the Export field. 🔥Join our Startup Export Training.  For more details. 💰 Visit www.ucorpexim.in or Contact 7598 404848 If you have basic about the Export field 🔥Join our Advanced Realtime Export Training. For more details. 💰Visit www.ucorpareto.com or Contact 7598 786858 #export #exporter #exportimport #exports #importexport #exportproduct #exportbusiness #exportbag #exportquality #exportindia #exporting #exportimportdata #eximedia #indiaexport #indiaexports #indiaexporters #indiaexportimport #indiabusiness #ucorpexim #exporttraining#exportstraining #exportertraining #exporterstraining #importtraining #importstraining #importertraining #importerstraining #ucorp

India has over 66 million MSMEs and its status as the lifeline of the Indian economy is a well-deserved one. The industry is the second largest job creator in the country and contributes a third of the GDP. The industry-government interventions in recent years have may have helped businesses achieve accelerated growth. Yet, despite the efforts, the future for certain businesses in the fragmented sector remains hazy. Old challenges are no longer a hurdle but the new ones are. Finance and manpower are among the major struggles bogging down businesses. Industry experts call for a policy revival because for them, it's the MSME's fight for survival. This interactive piece has some interesting data and points of view from MSME leaders. . . #MSME #Growth

#DidYouKnow: India's #autoindustry is on the fast track to becoming the world's #1 #autohub by FY 2029. Explore prime opportunities in the India Industrial Land Bank and be part of this dynamic growth. Discover more: https://lnkd.in/dU-BhW3 #InvestInIndia #InvestSmart #IILB NITI Aayog Ministry of Commerce and Industry, Government of India Department for Promotion of Industry and Internal Trade

Blessed to share the publication of our case study at the prestigious Emerald Publishing : Emerald Emerging Markets Case Studies Publication, titled: Manan Motors: readiness for rural distribution coauthored by Dr. Rajkumari Mittal and Dr. Bikramjit Rishi . Please explore our case for Marketing and Operations student to learn the dynamics of distribution management in the rural context. The case will help the students : 1. Understand the transformation of rural retail from traditional models to organized modern retail; 2. Describe the opportunities and challenges of rural markets with specific reference to automobile products;  3.Identify and evaluate the various distribution channels available for rural markets; and 4. Devise a suitable rural-centric distribution model for automobile products following an appropriate logistics system. case link: https://lnkd.in/gxDWJvCH #scopus #eemcs #automobile #twowheelers #rural #india #uttarpradesh #distribution #logistics