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Auto Component Industry: Auto component industry reports highest turnover in FY23; aims to log double-digit growth this fiscal

The aftermarket, estimated at Rs 85,333 crore also witnessed a steady growth of 15 per cent while component sales to OEMs in the domestic market grew by 39.5 per cent to Rs 4.76 lakh crore, the Automotive Component Manufacturers Association (ACMA) said.

Vinnie mehtaSunjay kapurAutomotive component manufacturers associationGeneral vinnie mehtaAuto component industryAuto componentIndia auto component industryAuto component export

Indian auto-component industry clocked highest-ever turnover of ₹5 6 lakh crore in FY23: ACMA

Indian auto-component industry clocked highest-ever turnover of ₹5 6 lakh crore in FY23: ACMA
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Sona comstarSunjay kapurVinnie mehtaAutomotive component manufacturers association of indiaAutomotive component manufacturers associationDirector general

Indian auto parts industry FY 23 turnover up 32 8% to INR 5 6 lakh cr : ACMA, ET Auto

ACMA Auto Components Report: The auto component industry s growth in FY23 is attributed to factors like robust vehicle sales, a thriving aftermarket, and steady exports.

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Automobile Industry: Zero-Covid gone, China gets aggressive on auto gear exports, ET Auto

Automobile Industry: Global majors do not want to sour their relationship with suppliers in China, which still offers clear economies of scale for many key components. Despite the challenges, India s component industry aims to double exports in about four to five years from the current USD 20 billion.

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Zero-Covid gone, China gets aggressive on auto gear exports

Several multinational automakers ET spoke to said while they were moving critical and aftermarket components businesses to India, some have of late started going back to sourcing from China too.

United statesKavan mukhtarVinnie mehtaAutomotive component manufacturers associationZf groupAutomotive component manufacturersNorth america