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Govt extends duty relief for electronics, lithium-ion battery manufacturing till 2029
Customs duty concessions on electronics manufacturing parts are extended until March 2029. This move supports investments in battery cell manufacturing and advanced electronics assembly. Lithium-ion battery machinery now has expanded eligibility for concessional customs duty. Display assembly components for automotive and medical uses also receive duty relief. Wireless charging components for mobile phones are similarly granted customs duty concessions.
CCI clears Honda's proposal to acquire additional 21% stake in Astemo
Japan's Honda Motor Co. has received a green light from the Competition Commission of India (CCI) to acquire an additional 21% stake in automotive components maker Astemo from Hitachi. This move will transform Astemo into a consolidated subsidiary of Honda. The deal, announced last December, will see Honda's ownership increase significantly, solidifying its control over the key auto parts manufacturer.
Hyundai Flags Temporary Production Disruption After Fire At Supplier Mobis' Tamil Nadu Plant
The affected facility supplies audio components and certain other automotive parts to Hyundai.
Maruti-Backed Automotive Components Company Jumps 11% On Thursday; Here’s Why - Dalal Street Investment Journal
Maruti-Backed Automotive Components Company Jumps 11% On Thursday; Here’s WhyDalal Street Investment Journal
Pricol surges after Q4 PAT jumps 110% YoY
Pricol rose 10.02% to Rs 629.80 after the automotive components maker reported strong earnings growth for Q4 FY26.
Uno Minda shares jump over 3% as Jefferies initiates coverage with Rs 1,350 target price
Uno Minda shares rose over 3 per cent after Jefferies initiated coverage on the auto component maker with a Buy rating and a target price of Rs 1,350. The brokerage expects strong earnings growth driven by rising content per vehicle, premiumisation trends and expanding presence in EV components and advanced automotive systems.