Auto component industry achieves highest-ever trade surplus exports at ₹39,003 cr in H1
December 16, 2020
Imports as well as exports of auto components contracted in 2019-20 - Bijoy Ghosh×
The auto component industry, for the first time ever, has witnessed a trade surplus, with exports at ₹39,003 crore ($5.2 billion) in the first half of FY21, said the Automotive Component Manufacturers Association of India (ACMA) on Wednesday.
Imports
Imports during the period was recorded at ₹37,710 crore ($5 billion). However, both exports and imports declined by 23.6 per cent and 32.7 per cent, respectively, during the period, said ACMA in its ‘Industry Performance Review’ for the first half of FY21.
BT Buzz: A $12 billion puzzle why auto industry cannot be Atmanirbhar
India s largest automotive component manufacturer Bosch said a surge in demand for semiconductors from the consumer electronics industry partly due to the rise in 5G connectivity has led to a demand supply gap in the global market
Sumant Banerji | December 14, 2020 | Updated 22:52 IST
Shortage of semiconductors is set to impact India s automobile industry in Q4
KEY HIGHLIGHTS:
Surge in demand for microprocessors in consumer electronics has led to demand supply gap globally
India is fully dependent on imports for chips from China, Taiwan, Europe, US
$12 billion could be the import value for chips alone in 2020-21
This Week In Auto: Auto Demand Improving But Can Production Keep Up? moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Monitoring impact of automotive chip shortage: Indian industry body Toggle share menu
Advertisement
Monitoring impact of automotive chip shortage: Indian industry body A top Indian automotive component industry body said on Friday it was not clear for how long and to what extent a global shortage of semiconductors will impact vehicle production in the country.
Vehicles queue at a traffic light on a hazy morning in New Delhi, India, October 16, 2020. REUTERS/Anushree Fadnavis/Files
11 Dec 2020 09:43PM Share this content
Bookmark
BENGALURU: A top Indian automotive component industry body said on Friday it was not clear for how long and to what extent a global shortage of semiconductors will impact vehicle production in the country.
December 11, 2020
The electronic content in vehicles has been progressively increasing; the current scarcity precipitates the need for localisation in auto electronics - Getty Images/iStockphoto
The electronic content in vehicles has been progressively increasing; the current scarcity precipitates the need for localisation in auto electronics - Getty Images/iStockphoto× The automobile industry is bracing for an impact on its production and sales owing to the supply shortage of semiconductors.
Bosch India, one of the largest suppliers of semiconductors in India, said in a regulatory filing on December 8 that its imports have been impacted with severe supply shortage of imported microprocessors or semiconductors, leading to reduced ability to deliver to the automotive market in India.