India Can Attain 8% Global Share in Auto Components by 2030 Says NITI Aayog Report
- By Mohnish Bose
- April 15, 2025

NITI Aayog, the government’s premiere think-tank body, recently released a report titled ‘Automotive Industry: Powering India’s Participation in Global Value Chains’, which expects that the Indian automotive component industry can scale up its share in the global supply chain from the present 3 percent to 8 percent by 2030.
The report, in collaboration with Crisil, states that despite high automobile production, the components industry manages a mere 3 percent share of global trade. It estimates India’s global traded auto component market at USD 20 billion, with the global industry driven by transmission, engine components and steering systems. As part of the future opportunities, the report outlines fiscal and non-fiscal interventions to drive India’s progress in the global value chain (GVC).
It outlines that the there is a need to focus on skill development by preparing a talent pipeline for fuelling growth. It suggests cluster development to foster collaboration between firms through common facilities like testing centres and R&D to consolidate the supply chain.
Then there is the operational expenditure support to scale up manufacturing capabilities. Lastly, R&D, government-facilitated IP transfer and branding incentives in research, development and international branding for empowering MSME’s.
On the other hand, promoting foreign collaborations and JV’s, industry 4.0 adoption and improving the ease of doing business through regulatory processes, supplier discovery & development and providing worker hour flexibility were some of the non-fiscal suggestions.
It is no secret that the global auto industry is facing a sea of change. Battery manufacturing hubs seen in regions like the US and Europe are leading to a change in traditional supply chains and new opportunities for collaboration. India’s automotive industry exhibits a strong domestic and export market presence, especially in the utility vehicle and small car segments. Further, transformative shifts towards EVs, sustainability and technologies like autonomous driving, IoT (Internet of Things) make India a leading option in the GVC.
Marelli's Innovative Wastewater Solution Wins 2025 Enlighten Award
- By MT Bureau
- September 18, 2025

Marelli, a global automotive technology supplier, has been recognised for its sustainable efforts with a 2025 Enlighten Award in the 'Sustainable Process' category. The award, presented on 16th September in Detroit, Michigan, honours the company’s Adhesive Wastewater Recovery Solution.
This new process, which was developed in Marelli's Kyushu, Japan plant and launched in late 2024, significantly improves water efficiency. It works by treating wastewater – classified as industrial waste – generated from cleaning machinery used in the manufacturing of vehicle interiors. The process separates, condenses and solidifies the adhesive residue, allowing the remaining water to be reused in other manufacturing operations.
This innovative solution recovers approximately 85 percent of the wastewater, eliminating the need for additional disposal steps and cutting water usage at the Kyushu plant by an estimated 8,160 kilograms per year.
The Enlighten Award, presented by the Center for Automotive Research (CAR) and Altair, celebrates advancements that reduce carbon footprint, mitigate water and energy consumption and promote material reuse.
Tsukasa Fujii, President of Marelli’s Interiors business, said, “We’re honoured to win the Altair Enlighten Award for our Adhesive Wastewater Recovery Solution. This innovation embodies the Marelli culture of aiming to use resources efficiently, drawing also from Japanese know-how, which in particular developed this solution. This was also made possible by the strong leadership of our factory managers, based on our ‘Plant First’ approach. We will continue to partner with automotive OEMs to contribute to a sustainable society, and we believe this technology will set new industry standards.”
- Iochpe-Maxion
- Science Based Targets initiative
- SBTi
- Net-Zero Targets
- Global Warming
- Greenhouse Gas Emissions
Iochpe-Maxion Secures SBTi Validation For Net-Zero Targets
- By TT News
- September 16, 2025

Iochpe-Maxion, a world leader in automotive wheels production and a leading producer of automotive structural components in the Americas, has received official validation from the Science Based Targets initiative (SBTi) for its net-zero emissions strategy. This approval confirms that the company’s climate goals are consistent with the ambition to limit global warming to 1.5°C and achieve net-zero emissions by 2050 at the latest.
The SBTi has classified both the company’s near-term and long-term targets for Scope 1, 2 and 3 emissions as aligned with 1.5°C mitigation pathways. Iochpe-Maxion has committed to reducing its absolute Scope 1 and 2 emissions by 63.2 percent by 2030, using 2019 as a base year. Over the same period, it will also cut its absolute Scope 3 emissions from purchased goods and services by 25 percent, using a 2024 baseline.
By 2040, the company aims to achieve net-zero greenhouse gas emissions across its entire value chain. This long-term objective involves a 90 percent reduction in both Scope 1 and 2 emissions from the 2019 baseline, and a 90 percent cut in Scope 3 emissions from the 2024 baseline.
- Automotive Component Manufacturers Association of India
- ACMA India
- Vikrampati Singhania
- JK Fenner (India)
- Shradha Suri Marwah
- Sriram Viji
- Brakes India
- Vinnie Mehta
Vikrampati Singhania Is ACMA’s New President, Sriram Viji President Designate
- By MT Bureau
- September 15, 2025

The Automotive Component Manufacturers Association of India (ACMA), the apex body representing the Indian auto component industry, has appointed Vikrampati Singhania, Managing Director, JK Fenner (India), as President, ACMA for the 2025–26 term.
He succeeds Shradha Suri Marwah, who had been leading ACMA for the president. In addition, Sriram Viji, Managing Director, Brakes India, is the next President Designate.
Vinnie Mehta, Director General, ACMA, said, “The appointment of Vikrampati Singhania as President and Sriram Viji as President Designate comes at a decisive moment for our industry. The auto component sector is navigating geopolitical volatility, supply chain realignments, and accelerating electrification. Their proven leadership will be invaluable in steering ACMA’s agenda on strengthening India’s global competitiveness, securing critical raw materials, and fostering R&D and innovation. I am confident that under their stewardship, ACMA will further our industry’s vision of building a resilient, sustainable, and future-ready mobility ecosystem.”
Vikrampati Singhania, said, “It is a privilege to lead ACMA at a time when India is rapidly emerging as a trusted global partner in mobility value chains. With exports crossing record highs and EV adoption reshaping the market, our task is to strengthen resilience and competitiveness. We must deepen localization, invest in advanced technologies, and embrace sustainability as a core business imperative. Together, with the government’s continued support and our industry’s commitment, we will work towards making India not only self-reliant but also a global leader in the next generation of mobility components.”
Sterling Gtake Partners China’s Landworld To Make EV Chargers In India, Targets INR 4.5 Billion Revenue By FY2030
- By MT Bureau
- September 15, 2025

Delhi NCR-based component maker Sterling Tools, through its subsidiary, Sterling Gtake E-Mobility (SGEM), is foraying into the EV On-board Chargers and DC/DC converter for electric vehicles space.
The company has inked a technology license and supply agreements with Landworld Technology Co, China to locally manufacture on-board chargers, DC/DC convertors and Multi-Function Units (incorporating On-Board Chargers, DC/DC converters as well as Power Distribution Units (PDUs)).
Sterling Tools estimates that the market size to reach around INR 30 billion by FY2030, while the revenue from the partnership to achieve INR 4.5 billion respectively.
The company will manufacture the crucial products required in the passenger and commercial vehicle segments at its EV campus in Faridabad.
Anil Aggarwal, Chairman, Sterling Tools, said, “This partnership creates greater depth in the EV ecosystem in India. We are expanding beyond our initial Motor Control Unit and powertrain platforms to meet our customer’s growing demand for advanced technology in the EV sector. EV sub-systems are being increasingly consolidated into multifunction units and Sterling hopes to offer our customers greater choices for stand-alone and multifunction units to cover multiple (vehicle) functions. The Sterling Group will continue to extend excellent technical and application support to its customers to help drive greater adoption of EVs in India.”
Lin Chen, Vice General Manager, Landworld Technology Co, said, “India’s EV market offer’s immense potential for growth and innovation. Through our partnership with Sterling Gtake, we are bringing our proven expertise in On-Board Chargers and DC/DC converters to Indian customers across several EV vehicle categories. Together, we aim to create high-quality solutions that cater to India’s EV market while contributing to the country’s self-reliance and sustainability goals."
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