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Auto parts industry grew 11.3% to ₹3.32L cr in H1
The New Indian Express Vellore
|December 13, 2024
THE turnover of India's automotive component industry reached ₹3.32 lakh crore ($39.6 bn) during April to September 2024 (H1FY25), reflecting an 11.3% growth compared to the same period last year, as per the Automotive Component Manufacturers Association of India (ACMA).
Exports of auto components rose by 7% to $11.1 billion (₹93,340 cr), while imports rose by 4% to $11 billion (₹92,050 cr), resulting in a trade surplus of $150 million.
China, despite strained relations with India in recent years, continued to dominate as the largest source of imports, accounting for 28% of India's total auto component imports.
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