Auto component industry grows 9.8% to clock ₹6.14 lakh cr turnover in FY24
Exports grew by 5.5% to $21.2 billion while imports grew by 3% to $20.9 billion, thus resulting in a trade surplus of $300 million.
auto ancillary industry
July 2024
November 2022
May 2022
Demand for auto components to remain buoyant despite weak exports: ICRA
Auto ancillaries have started witnessing a healthy ramp-up in revenues with a steadily rising share of EVs, where content per vehicle is expected to rise considerably.
Auto component makers plunge into a well of uncertainty
The automotive ecosystem got a rude awakening when the rug of the import-laden supply chain was pulled from under its feet — first during the lockdown, and then due to rising geopolitical escalations.
