Tagged: Parts

Auto component makers ‘invite’ Tesla to make parts locally

India’s $46-billion auto component industry has ‘invited’ Tesla to make parts locally in response to the American carmaker’s request for tax concessions on fully imported electric vehicles ahead of their local launch.

Deepak Jain, president of the Automotive Component Manufacturers Association (ACMA), said with the government committing itself to a phased manufacturing plan (PMP) and the FAME II (Faster Adoption and Manufacturing of Electric Vehicles) Policy, the industry would always welcome any foreign or domestic entity in any segment as long as it promotes good value addition and localisation.

“The government is expected, as per what it has already announced

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Advance Auto Parts and its Foundation Aim to Increase Diversity Among Automotive Technicians with $250,000 Commitment to Wake Tech Community College

RALEIGH, N.C.–(BUSINESS WIRE)–Advance Auto Parts Foundation, the philanthropic arm of Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts supplier, today announced a $200,000 commitment and partnership with Wake Technical Community College for a first-of-its-kind recruitment initiative aimed at increasing student diversity in the school’s automotive systems technology and collision repair programs. Additionally, the retailer, which operates as Advance Auto Parts, has committed $50,000 in funding to outfit the school’s tool rooms to support student learning.

In partnership with organizations such as Communities In Schools, Juntos (NC State) and North Carolina Society of Hispanic Professionals, funding

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US Automotive Aftermarket Insights & Forecast Report 2021-2025 Featuring 3M, Advance Auto Parts, AutoZone, Cooper Tire & Rubber Co, Lear Corp, O’Reilly Auto Parts – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “US Automotive Aftermarket: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)” report has been added to ResearchAndMarkets.com’s offering.

The U.S. automotive aftermarket is expected to record a value of US$448.9 billion in 2025, growing at a CAGR of 3.08% during 2021-2025

The factors such as growth in automotive production, upsurge in used car sales, rising number of smartphone users, acceleration in electric vehicle sales and rapid urbanization would drive the growth of the market.

However, the market growth would be challenged by expansion of ride-sharing services and rise in aftermarket fraudulent. A few notable trends

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