Auto sector

Auto component sector sees record turnover of Rs 4.2 trn in FY22: ACMA

Indian auto components industry clocked its highest-ever turnover of Rs 4.2 trillion in 2021-22, recording a growth of 23 per cent on the back of strong performance in exports and aftermarket, industry body ACMA said on Monday. Aftermarket denotes the market for auto components that are used to replace the original auto parts when they …

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auto sector: The moment that the beleaguered auto sector had been waiting for is finally arriving

There is a lot of excitement building up in the auto sector as it manoeuvres out of a rough patch and on to a smooth highway to robust sales underpinned by strong consumer interest and easing supply bottlenecks. A host of new launches and those that are in the pipeline have added to the euphoria …

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Amid demand for SUVs, Maruti launches new generation of small car Alto K10

Alto, the Maruti brand synonymous with small cars, introduced the new generation K10 on Thursday, aiming to consolidate its position further amid shrinking demand for hatchbacks. With prices starting at Rs 399,000 and going up to Rs 533,500 (for manual transmission), the new model claims fuel efficiency of 24.90 km per litre. The Japanese car …

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Former PAAPAM chief leaps to defend Pakistan’s auto sector – Business & Finance

A former official of the auto sector has leapt to the industry’s defence, arguing that it has created jobs and contributed to government revenue while stressing that number of free trade agreements ‘de-industrialised’ Pakistan and added to the import bill. Syed Nabeel Hashmi, a former chairman of the Pakistan Association of Automotive Parts and Accessories …

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