The Department of Heavy Industries (DHI), the implementing ministry for the plan, is expected to shortly detail the eligibility criteria to identify ‘scalable champions’ on the metrics of turnover, exports, and growth history. Companies meeting the criteria will be eligible for incentives intended to boost local factory output and exports, said a senior industry executive.
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Process technology is the heart of all industries which involves the production of goods from the raw material. The technology process in the automotive industry comprises of the dies (plastic mold, die casting mold, casting, stamping die and forging die), along with the metal forming process, assembly/welding, surface treatment/heat treatment, industrial application/rubber parts, jig & tools and plastic molded parts as well.
"Other" comprises of components and services that might not be core to automotive segment, but a very important segment. Sub-parts for this are - other ammunition hardware (for automobiles), other auto parts (aftermarket), other automotive components, other sheet metal automotive components, other different components as per drawing and specifications, along with other engineering goods.
A component is a part or element that make up a whole machine. In the automotive industry, a vehicle comprises of a number of different components, which when put together, makes up a whole vehicle. Following is the list of the important automotive components:-
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